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Btcusdtlong

💡Don't miss the great buy opportunity in BTCUSD @BitcoinMidterm forecast: While the price is above the support 17600.00, beginning of uptrend is expected. We make sure when the resistance at 26700.00 breaks. If the support at 17600.00 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 18510.75 on 09/07/2022, so more gains to resistance(s) 21919.49, 23500.00, 25211.30 and maximum to Major Resistance (26700.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 54. Take Profits: 21919.49 23500.00 25211.30 26700.00 31765.00 37327.72 42500.00 48189.85 55590.00 64755.00 69000.00 75000.00 80000.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
BTCUSDT $32000 Soon Hey Everyone We have analyzed BTC in a two different time frame, One is Weekly and another one is Daily Weekly Time Frame : In a weekly time frame , BTC is trading in a Lower High and Lower Structure , Using the Lower High and Lower Low concept we can expect the price of BTC may reach the $ 29770 . Daily Time Frame : In a daily time frame, price of BTC is trading in a Ascending Channel Pattern, If the pattern continues, the price of BTC might reach the next resistance level of $32000 . If trend reverses then the price of BTC may fall to $22150 Happy Trading !
Long
by TheNewsCrypto
2
BTC Price Analysis 2-Aug-2022In an hourly time frame, BTC has been observed in Falling Wedge Pattern Structure The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish , although it appears after a bearish trend . The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern. If the falling wedge appears in a downtrend, it is considered a reversal pattern. A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place. Price Action Suggestion based on the Pattern Buy Level : 23506 $ Target : 23965 $ - 24595 $ Stop Loss : 22899 $ Happy Trading
Long
by TheNewsCrypto
7
Descending Channel Price Action analysis - BTC Descending Channel Price Action analysis - BTC Price Prediction Analysis A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line , look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback. Another way to trade this pattern is to wait for the price to break through either trendline. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue. Currently, Bitcoin ( BTC ) is at $21962. If the pattern continues, the price of Bitcoin ( BTC ) might reach the resistance level of $23755, $24283, and $25192. If the trend reverses, then the price of Bitcoin ( BTC )may fall to $21607.56 Happy Trading !
Long
by TheNewsCrypto
Bitcoin : Price Predictive AnalysisThe above chart of Bitcoin (BTCUSDT) laid out a Cup and Handle pattern (Bullish Pattern) . In a Cup and Handle pattern, the price movement forms a U-shaped Cup and then a subsequent price drift downwards forms a handle. This pattern in general is characteristic of a Bullish trend. If the price breakout and moves towards the uptrend, the bullish pattern is expected to continue. Currently, Bitcoin (BTCUSDT) is at $23165( Above the Breakout Level). If the pattern continues on the higher trend, then the price of Bitcoin (BTCUSDT) might reach the resistance level (Measured Length) of $29275, If the trend reverses, then the price of Bitcoin (BTCUSDT) may fall to $21460. From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Bitcoin (BTCUSDT). Resistance Level 1 $23820 Resistance Level 2 $25830 Resistance Level 3 $26850 Resistance Level 4 $29275 Support Level 1 $21460 Support Level 2 $18673 Bitcoin (BTCUSDT) Resistance & Support Level
Long
by TheNewsCrypto
BTCUSDT : ICHIMOKU CLOUD SUGGESTIONBTCUSDT Ichimoku Trade Suggestion What Ichimoku Says? 1) Positive Cross Over: Conversion Line Crossed above Base Line at below cloud zone (Bullish Sign) 2) Positive Coincide: Lagging Span and Price both have coincided (Bullish Sign) 3) Pending Action: Lagging Span and Base Line Cross Over is Pending (Action Pending) 4) Pending Action: Price has to cross above the Ichimoku Cloud (Action Pending) Out of four, two have given bullish signs in the Current Structure. Let's hope for the next two Target Expectation as per Ichimoku Pattern 33000$, View negotiate below 27500$...
BITSTAMP:BTCUSDLong
by TheNewsCrypto
What 1-hour chart says? Fundamental Development:- Consumer confidence higher among crypto owners than normies Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer sentiment index. A July 7 report from research firm Morning Consult shows that although average United States (U.S.) adult consumer sentiment has dropped 13.5% since mid-January, confidence amongst crypto owners has held up relatively better, falling only 8.1% over the same period. The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is “more likely to be wealthier, younger and male” than the average U.S. adult. “In recent months, age has been one of the biggest drivers of differences in consumer confidence, as fixed incomes, health risks and memories of past episodes of high inflation in the United States lead older Americans to be more pessimistic,” .The report states that Millennial men who earn at least $100,000 per year are the most likely people to own crypto, though Gen Z adults also show fairly high levels of crypto ownership. Baby boomers and women remain the least likely to hold. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,600-$22,400 ranges.BTC is made low 21,600 and now consolidating within a range. Yesterday it made high near $21,800 and then it continue to climbed up then made big candle with long wick which is showing that today BTCUSD can show downside move. Bitcoin is struggling to gain momentum above $22,500. Alternative Scenario: If Bitcoin fails to clear the $22,500 resistance zone, it could start another decline. An immediate support on the downside is near the $20,800 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios. The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto. Speaking on the company’s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset management Mike Siegel said he was surprised to get any result:“We surveyed for the first time on crypto, which I thought would get no respondents, but I was surprised. A good 6% of the industry respondents indicated that they’re either invested in crypto or considering investing in crypto.”The report found cryptocurrencies were in fifth place for the asset class insurers expect to deliver the highest returns over the next 12 months, with 6% ranking it as their first choice, beating United States and European equities. Around 2% of firms indicated a current crypto investment, and while it’s a small number of firms indicating investment or interest, Goldman Sachs analysts wrote that this level of interest “is still notable.” On the podcast, Siegel discussed a follow-up survey conducted of crypto-interested firms to understand their motivation behind purchasing: Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,600-$30,100 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $30,700 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,700. Alternative Scenario: If Bitcoin fails to clear the $30,700 resistance zone, it could start another decline. An immediate support on the downside is near the $30,000 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.” Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BITSTAMP:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the collapse of the Terra protocol. Its native LUNA token plunged to zero in days, impoverishing its investors. Cunliffe believes that digital assets have no intrinsic value, which is why they fluctuate depending on market sentiment. He added that cryptocurrencies are not actually viewed as a financial investment by retail investors. The BoE official has added that cryptocurrencies should be treated as risky securities. The total cryptocurrency market capitalization currently stands at $1.29 billion. Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $30,900-$29,200 ranges. Yesterday it made high near $30,700 resistance zone and then it fell down sharply and found support near $29,300 support zone. Bitcoin is struggling to gain momentum above $30,500 and $30,700.The price is now trading near the $29,800 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $30,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,300 level and the next major support is near the $28,700 level.
COINBASE:BTCUSD
by nehabaraskar