Hey Trader, See the chart showing BTC USDT in 4hrs timeframe. We can clearly see it made breakout from its long down Trend. Now it made a breakout and perfect retest on the trend line. From now we can see pump in btc. And.....
Resistance at $41,114/$42,530
Support at $40,355/$39,670
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I have started focusing on macrotrends and drawing ideas for the same. Being open-minded and not having to choose between bear and bullish cycles, I think its safe to ride the roller coaster ride with good risk management.
From the past week, Bitcoin price level didn’t offer much to the investors and has formed a strong consolidation range. The world’s largest cryptocurrency is said to consolidate between the price range of $37K to $40K.
On the Fibonacci retracement table, the mentioned range is placed between 0.382FIB level to 0.5FIB level. The price level is having a strong...
I believe we are headed towards a big dip as institutional investment is focus on commodities right now. Fundamentally and technically this might indicate a dreadful shortfall. I am open minded about pumps because they can come from anywhere but for that I have drawn the tops of this bear cycle. Please research before you make any decision. Thanks
After termendeous sideways market a upside potential can be seen in gala stick to the stopp loss and adjust your profit according to the conditions
NOTE: This is for educational purposes only This is not a call to buy
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (38504.76).
. 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 below the 21-Day WEMA, which acts as a...
$BTC 4 Hour pattern looks interesting
- Most likely BTC would bounce after hitting $37.5 K range
- Else there is some support at ~$36K and then ~$34.8k
I'm going to long with a stop loss if $BTC is going to break the resistance at $38.8K range, the next resistance is at ~$41K range. A potential long opportunity between $39K and $41K
#bitcoin #crypto.
As a result of Russia’s war with Ukraine, the global economy, especially digital currencies, is affected. Especially Bitcoin, a clear drop in the price, but Bitcoin is very strong. It should remain in the wallet. Do not worry this week, the price will start to rise as it is in the graph.
Litecoin is about to form a W in RSI at Daily chart.. This is very bullish. Bitcoin is also forming a W. and as Bitcoin moves beyond 61k, Litecoin may start moving up..
From 24. 01 .2022 to 10.02.2022 an upward impulse movement was formed, increasing chances for the tendency change towards the growth of quotations. With a high probability the correction to this impulse was completed on 24.12.2022, this is proved by breakdown of the key level 4956965. Together with the pessimism of investors and the technical picture we expect the...
