Btcusdtlong
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59488.35).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 61212.25
TP2= @ 62184.77
TP3= @ 63717.33
TP4= @ 64977.46
TP5= @ 66968.48
SL= Break below S2
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ForecastCity English Support Team ❤️
BTC/USDT 2HOUR ANALYSISWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
There’s nothing to panic. BTC is still at the support. Looks like a retest and we expect a bounce from this level. In case if BTC breaks down below this support 1 level then we can expect BTC to support 2.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Bitcoin USDT price action analysisHere's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.
This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.
However, if the price crosses the 67K mark we can see the uptrend to be resuming again.
Happy trading :)
This is just for educational purposes.
💡Don't miss the great buy opportunity in BTCUSDT @Bitcoin Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (48086.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 49248.21
TP2= @ 50488.45
TP3= @ 51013.85
TP4= @ 51962.25
TP5= @ 52845.89
SL= Break below S2
❤️ 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 ❤️
BTC/USDT(BullishDivergence)Bitcoin
•The price is currently trading around $45.6K and it's been ranging between $47.5K-$44K from past 3days
•We are having Bullish RSI Divergence in BTC and looks like we can see some bullish moves for a while
•The Targets along with Resistances are on the screen highlighted by blue box
•As long as we don't break $48.5K and give a closing above it,we are not bullish and can see another dump somewhere around $42K this month before rallying to ATH in coming months