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BTC/USDT ~ Weekly Overview The past week for Bitcoin was mostly traded in a consolidation range between $26.5K to $27.5K. On the Fibonnacci retracement table, there is a resistance zone above the 0.382 FIB level. On the contrary, the support zone can be placed below the 0.236 FIB level. The RSI level is currently showcasing negative nature while residing around 45.28. However, the MACD level looks in potential to have a bullish crossover. In order to regain its positive momentum, BTC needs to have positive breakouts above the resistance levels of FWB:27K and FWB:29K , respectively. In case of bearish momentum, the support levels can be placed at $26K and $24K, respectively.
COINBASE:BTCUSD
by TradeDog-Research
BTC/USDT ~ Weekly OverviewThe past week for Bitcoin went negative as it was down by nearly 2% in a 7-day timeframe. On the chart, the price level formed a falling channel pattern. However, after showcasing strong signs of accumulation around the 0.236 FIB level, the price level went for a positive breakout above the 0.382 FIB level. The current setup suggests that BTC might have the 0.382 FIB level as the support line and have another round of accumulation for bouncing back to $30K or above. Overall, the support levels for the world’s largest digital asset can be placed at $26K and FWB:25K , respectively. Conversely, resistance levels can be set at $28K and $30K.
COINBASE:BTCUSD
by TradeDog-Research
BTC/USDT ~ Weekly Overview The world’s largest cryptocurrency was struggling to have a positive crossover above the crucial mark of $30K. Towards the end of the week, selling pressure kicked in which forced the price level to drop below $28K. On a weekly setup, the BTC price level is trading at the lowest region in the Fibonacci Retracement while the RSI suffered multiple breakdowns to the oversold region. Overall, the support levels for BTC can be placed at FWB:27K and FWB:25K , respectively. If the bulls are able to make a bounceback, resistance levels can be placed at $30K and $32K.
COINBASE:BTCUSD
by TradeDog-Research
BTC USDT - Bitcoin 1 Hr.CHARTBitcoin is expected to trade sideways to negative as you can see in this hourly chart . overall the trend is struck in range between 20k to 23k USD. An expected fakeout bar which u can see on chart shows that bears are still in control and will not give up unless we break 23k and stays above the level constantly atleast for a week or so. A decessive break above Bull Bear Range or Trend Decision level break will fuel the markets will another round of rally with huge trading swings. the expected pathway drawn are my expectation of trend with current market at hand. i am not drawaing up rails like trendlines , support or resistances instead my approach is to let it stay simple with user friendly glance in 1 go .
Short
by Chintamoney