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BTC 2-4 Long / Tether

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BTCUPUSDT trade ideas

MACD giving signal for trend reversal, waiting for Golden Cross-The market has been playing the same since the last chart. MA 200 has been a major support, did not let BTC price to cross it. Also sent pushed it up however as discussed in the previous charts " once a support is broken it becomes a resistance ", hence our level 2 which was previously a strond support has now become a strong resistance. MACD shows a loss in Bulls potential, as the market has been in a bear sentiment for the past few days. {Always keep in mind, before taking a long jump, the price has to take a correction. This way, new buyers get the chance to get into the market and paper hands are removed.} Coming back to the chart, because MA 100, and 50 were present below the zone 2, it was hard zone due to multiple resistances and all the bull power exsausted there and because of that, the price was not able to break the upper wall of zone 2 and faced rejection (this is where we are right now). What to Expenct now? The 200 MA is continuosly providing support however, everything in this world has a breaking point. With multiple hits, even the strongest MA like 200 can be broken and psychologically setting a bearish trend is far easier than creating a bullish sentiment in the market. Most of the traders are fearful and the red in chart makes them panic and they sell causing more panic. This is dominos effect. There is a chance of a Golden cross over at the mark X , this will give a bullish push to the price. This will happen when MA 20 will cross over the MA100. This should happen near about the base of zone 2, so that the bullish power helps in breaking the resistance of zone 2 and other MAs. For the support at this point, we have 0.786 Fib level and MA 200, but they can't handle more pressure as well. The doji green candles & heavy red candles shows that bulls are finding it hard to keep up with the bears. Still the cross over in MACD is a good signal (marked). When ever the blue line in MACD crosses the orange line (signal line) from botton to up, it is a bullish signal. It should not come under orange, if that happens, we should get ready to see the $65,000 zone.
by imvijaygir
2
#Bitcoin Update on Wednesday 24.07.2024.#Bitcoin Update on Wednesday 24.07.2024. A.O.A And Good Morning to All Brothers and Sisters! #Bitcoin Continue Retracement and Broked Our First Support Line Arrow#3. And Continue Dropping Down. As I Mentioned in My Last Analysis if The First Support is Broked Then We Are Going to Touch the Second One. But Till Now We Are Supported By Yellow Line Upper Then Strong Support(64854). I My Openion Price Can Drop More and Retest again 64854 before reverse. Thats Why I suggest to Wait For Buy Trades. #ALTS No New Buy trades and tight Stoplosses on You Open Trades. Don't Levarage Trades in This Situation and If You are In Profit Put Your Stoploss on Breakeven. I Wish You All Very Nice Day.
by MoonTradingForecast
200 MA being the last supportSo the market has liquidated both sides players and still going downwards even when it took support from the lower zone of point 2. The intersaction of MA 20 and 50 became its enemy and send it back to the 0.786 level of Fib just like we discussed in the last chart. The fib sent it back, and this time the level 1 acted as a resistance and btc failed to hold the position. At the current movement, btc is getting a support from MA 200 and is buring under MA 100, 50 and 20. now the level 2 is also the enemy. So btc is in such a position that it has only one friend nearby i.e. MA 200 and if it wants to go up, if has to face multiple enemies which means it require lots of positive volume. When you swim against the stream you need too much power. It would be easy for btc to fall further down and reach the $65,000 which is a light support zone, but if it goes further down, it will get the major support suzone of $63,000. The price will get some time to gather enough energy to pass all the resistances at once and reach the $69,000 once again. But this should not happen. The MA 200 should provide enough support to let the price go back and try to break the level 2 resistance once again. one major thing to keep an eye. If the cyan line (MA20) crossed the red line (MA 100) and went down, we definetly going to $63,000 zone. Too much short pressure on the market, and hence the MAAs might take advantage of it and push the price up to liquidate the short traders. Let's see in teh morning, what happens.
by imvijaygir
4
#Bitcoin Update on Tuesday 23.07.2024.#Bitcoin Update on Tuesday 23.07.2024 A.O.A And Good Morning To All Brothers and Sisters! #Bitcoin Just Closed A Candle under Then Over first Support. Now Next Candle Decide if Confirem or Not. In Case If Confirm This Breakout Then The Price can drop more. Where will Be Next Support in Case If Drop The Price?? If Price Drop Then The Area Of Arrow#4 are Many Support. First one Is The Yellow Line, Second Is Strong Support 64854. The third one Is Is The blue line of 4H Support (Our Second Support Line). #ALTS can Drop More Then Bitcoin. But if You are in Spot Nothing to Worry. Tight Your Stoplosses. Or Move The Stoploss On Breakeven. I will continue Monitoring the Price and Update in gruop. I Wish You All Very Nice Day.
Long
by MoonTradingForecast
3
Is BTC about to rise?Looking at the daily line on the left, we can clearly see that BTC is coming out of a potential double top structure. Then it fell below the neckline around July 4th to 5th. But in the next few days, it turned into a bottom flip and the double top failed. And looking at the perimeter on the right The short-term EMA did not fall below the medium-term EMA At the same time, the trading volume in these two weeks was significantly lower than the trading volume in the previous rise. But it can pull the price up from the panic and short sentiment in the market. So I think this is the main force in the market cleaning up the retail investors who entered the market in the last wave. and allow them to get more chips At the same time you can see there is quite a lot of buying around 59000 Therefore, I think the next trend should be two types 1. After breaking through upward, the pressure goes back to about 70,000 and then continues upward (red arrow) 2. Go down close to the bottom of around 59,000 until the main force absorbs enough chips and then goes up (blue arrow #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Long
by Jobs_lin
1
#Bitcoin Update on Monday 22.07.2024.#Bitcoin Update on Monday 22.07.2024 A.O.A And Good Morning to All Brothers and Sisters!!! #Bitcoin After Hitting almost Upper Side of Our Blue Zone. Now Retrace a Bit. And With This Move We Have To Update All Resistance and Supports. Here are The New One. The Most Important is Arrow#1. Becuase Exactly Upper Side we Have Last All Time High. If Price Recover That Point Then Price Can Fly Soon. #ALTS are Doing Also Well. Just Some Dumps Based On some News. But our All Signals On spot are Still safe. I wish You All Very Nice Day
Long
by MoonTradingForecast
1
#Bitcoin Update on Sunday 21.07.2024.#Bitcoin Update on Sunday 21.07.2024. A.O.A And Good Morning to All Brothers and Sisters. #Bitcoin Moving A Bit Now In Negative. But Remember we Closed Yesterday Candle Positive. So Now We Are In Weekly Range. That's Why no Panic. We Still Have Any Direction. Just Weekend Moves With Low Volume. I Draw Some Supports and Resistances. Where Arrow#1 Is Important One. And Then Arrow#2. If We Break Theee two Levels Then We Are Bullish. Otherwise Friday Market Had Gives Us A Huge Range Area. Between 67352 and 65800. We Follow These Two Points To Follow The Direction. #Alts All Our Signals Are Doing Very Well. We Just Have Now To Wait for Movement Till Tomorrow Evening. I Wish You All Very Nice Weekend
Long
by MoonTradingForecast
1
Bitcoin Update on Saturday 20.07.2024.Bitcoin Update on Saturday 20.07.2024. A.O.A And Good Morning to All Brothers and Sisters! #Bitcoin Makes A Huge Jump And Our Support and Resistances lines Was Very Helpful For Guidelines When These Rally Was Started. And Allhamdollilah We Was Good In time For Opening Our Buy Trades. What's Next Now?? Here are Again My Resistance and Supports Lines. And Today Is Saturday. Usually The Volume Is Very Low. But With Crypto You Never Know When The Price Can Move. Keep In Mind These Lines. And Final Update I Will Do Insha Allah Tomorrow Evening. I Wish You All Very nice Weekend..
Long
by MoonTradingForecast
A weekly Resistance can't stop Bitcoin at this momentBitcoin's weekly chart shows that we have hit a weekly resistance causing the price to slow down. Resistance is a zone where people take their profits and hence future traders believe it to be a good zone to short the assets. That is the reason why we saw a rise in bear activity on MACD, however their power has reduced. If you keep an eye on the news, we have news about the Coindesk Bitcoin Index gaining 5.85% and Grayscale announcing its plan for Bitcoin ETF spinoff. This is a positive news and hence caused millions of liquidations of Short trades. If shorts are being liquidated that simply means we are going up, hence do not fear if you see a few candles in the hourly chart. Important to watch out is that we close above $66,800 for the day. This will hold the bears as the price will wander in this zone for some time building a strong support and then can continue the journey. As we hit the weekend, there are traders who take out there profit and take week off from trading. They will be back on monday. If we close above $68,000 and stay above this level for the weekoff, there are huge chances we will see a rise with the opening market on monday.
by imvijaygir
Looks like BTC is clear to MOVE UPThe chart is showing a lot of positive strength today. -On a 4 hours chart we can see the price has retested the support multiple time and has accepted it well. -100 MA is going to cross 200MA to upside which is also a positive sign. Small MA crossing a bigger MA and going up is always a good sign of momentum. - MACD showing decreasing bear power and should create a divert, meaning the MACD line (Blue) should cross over the Signal line (orange). - 20 MA is sitting at the bottom of current 4 hour candle -> That is a support. - 50 Ma is lying between $63,000 & $61,000 creating another zone for support in case the price goes south for any reason. Over sentiment is positive. The price should test and try to break the resistance at $66,000. And when it happens, another barrier at $68,000 is waiting. If the market receives some good momentum there are chances, the price directly goes to $69,000 before another cooloff. Just a precaution which we should always have in our minds before taking any decision, watch out for any news with a negative sentiment, which can cause to retest the latest support.
Long
by imvijaygir
Bitcoin might have to COOL-OFFBitcoin has again fallen below the recent up trend line and the relation between price movement and the RSI in hourly chart of is falling apart. But it does not mean bulls are loosing their power. Everytime the price takes a rise, it has to either take a correction or consolidate in a particular zone to cool off or balance the RSI. Though it stands on the 100 MA, there are chances it might need the help of 200 MA to settle the score. There are chances the price of BTC might take a correction of about 2% and comes down to $63,230. Fear not, in the absence of any big on or off market activity affecting the price for negativity, the price of Bitcoin will surely bounce of the 0.618 level of Fib as this should provide 2 supports here : 200 MA and Price zone support. At this moment, 100 MA is holding it fine and if it stays even in this zone for a few hours, it will cool off and can start its upward journey.
by imvijaygir
2
#Bitcoin Update On Thursday 18.07.2024#Bitcoin Update On Thursday 18.07.2024 A.O.A And Good Evening to All Brothers and Sisters! #Bitcoin after a Good Jump. Now is Retracement a Bit. In My Yesterday Analysis I Draw Already the Support and Resistances. And Price Is Just Arround Our First Support. In The Same Place We Have Also A Weekly Trendline. And If Bitcoin Weekly Candle Close Upper That Point then It Will Be Retest. We Have Still Low Volume on All These Moves. I Think Final Can Be Done Tomorrow. #ALTS Are Doing Very Well. Some of Our Signals Retrace After Good Profit. But Some Signals Start now. Take Some Relax Put your Stoplosses on Breakeven on your Buy Trades. And Just Wait Till Tomorrow. Then We Will Follow Up With Signals. I Wish You All Very Nice Day.
Long
by MoonTradingForecast
2
#Bitcoin Update on Wednesday 17.07.2024.#Bitcoin Update on Wednesday 17.07.2024. A.O.A and Good Morning to All Brothers and Sisters! #Bitcoin Continue Doing Good Till Now. Just it Take Time To Break Our Resistance at 64800(Arrow#1). We Have Till Now Stable Uptrend According to Ichimoku. But Still I Mentioned here The Support And Resistances. Just Follow That. TIME CYCLE: According to time Cycle We Have Not To worry Till 19 of July. There Start Our First Blue Vertical Area of This Uptrend. And in That Area #Bitcoin Can Retrace or Continue Uptrend. #ALTS Are Doing Very Well. And All Our Signals Are In Good Profit. Allhamdollilah. And I think We Will continue Growing on #Alts Till 19 of July. Stay Tuned And I Wish You All Very Nice Day.
Long
by MoonTradingForecast
2