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Cryptocurrency

BTC/USD - Weekly OverviewThe world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month. On the Fibonacci retracement table, the price is trading at the lowest level which indicates that we might face any of the dual possibilities with a sudden momentum. A positive breakout above EMA-20 and EMA-50 is also witnessed which can be a positive signal. The RSI level has started to showcase negative nature retracing back from 60 and currently residing at 57.10. The MACD level is also struggling for a positive breakout above the histogram. Overall, the support levels can be placed at $28K and $26K respectively. Incase of a comeback of bulls, resistance can be placed at $32K and $34K.
by TradeDog-Research
BTCUSD Trading Plan - 20/May/2022Hello Traders, Hope you all are doing good!! I expect BTC to go up on short term after finishing this correction. Short term Buy. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
COINBASE:BTCUSDLong
by For3xScalper
BTCUSD Trading Plan - 18/May/2022Hello Traders, Hope you all are doing good!! I expect BTC to go up after spending some more time in this correction. Short term Buy for now. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BITSTAMP:BTCUSDLong
by For3xScalper
1
What 1-hour chart says? Fundamental Development The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still sketchy as Milanez did not disclose if the exchange will offer Bitcoin futures trading directly or form a partnership to offer the service.In January, Jochen Mielke de Lima, director of information technology at B3, said that the stock exchange would launch products offering crypto exposure this year, including Bitcoin and Ethereum futures. We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process. Furthermore, B3 has other crypto-based products in its arsenal, including a platform for crypto trading, asset tokenization, and cryptocurrency custody. Short Term Technical View: On daily time frame chart Bitcoin is trading below 200 simple moving averages. Bitcoin is now trading above the $30,000 level and the 100 & 50 hourly simple moving average. If it breaks $30,500 resistance zone then it can show upside movement near $30,900 level. Right now BTC is consolidating near $30,400 range. Alternative Scenario: If BTC fails to break resistance zone $30,500 level then the first major support is near the $29,700 level. A downside break and close below the $29,700 support might start a major decline near $29,400 support level.
COINBASE:BTCUSD
by nehabaraskar
2
BTC/USD - Weekly OverviewThe past week turned out to be a pivotal point for the world’s largest cryptocurrency. Bitcoin fell below the crucial mark of $30K, which further led to panic selling among the altcoins. A negative breakout from the descending triangle pattern during the first week of the month hinted for such a nosedive in the price level However, looking onto the brighter side, it must be considered that the price level has entered the accumulation zone, which led BTC to achieve its new all-time of $68,790 during the past year. Therefore, it can accumulate a new set of investors within the current range to bring back the positive momentum The technical indicators are still suffering from the wrath of bears but hints at a possible bounceback. RSI, after nosediving to the oversold region, is showcasing positive nature while residing at 33.24. The MACD is still below the histogram forming red bars and shows the potential of a bullish crossover in the upcoming days Maintaining sustainability above $30K and $28K respectively will be very important for BTC to avoid further decline. On the positive side, resistance can be placed at $32K and $36K.
COINBASE:BTCUSDLong
by TradeDog-Research
BTCUSD Trading Plan - 14/May/2022Hello Traders, Hope you all are doing good!! I expect BTC to go up till around 37500 level before dropping again to 20k level. Short term Buy for now. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BITSTAMP:BTCUSDLong
by For3xScalper
2