46.5K is the point of control - above and bulls are in control, below bears are in control.
Bitcoin needs to hold the trend, blue fib channel. If it fails and enters the red fib channel, I think it's going lower.
There's also volume gap at around 35.5K - doesn't need to be filled but it's something to think about.
I'm still leaning slightly bearish because of...
We are currently in a downtrend
And a descending channel is formed in it
The target in this channel is the range of $ 16,000 but
The opposite can be proven if $ 45,000 is broken upwards in the first step and the $ 50,000 upwards break in the next step.
The chart first shows the $ 32,000 correction
Disclaimer:
This is just a theory and it may or may not happen
BTCUSDT (Day CHART) Technical Analysis Update
Beginning of bull run!
BTC/USDT currently trading at $42800
yesterday's correction was healthy correction
currently bitcoin reversing from major support and bitcoins April, may resistance act as a support!
200EMA act as a major support in day chart!
Bitcoin real bull run begins after making new all time...
BTC may form a rounded top formation allowing price to sit just above the Gaussian Channel and lead to continuation
This price action can be seen to be very familiar to earlier price action just above the channel (in white box)
Some juice for the bulls in this bleed
Bitcoin - Intraday - We look to Buy at 43818 (stop at 42787)
Daily signals are bullish.
Pivot support is at 43800.
Pivot support is at 44000.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 46786 and 47586
Resistance: 45000 / 46000 / 46800
Support: 44000 / 43000 / 42000
Bitcoin Update 18/09/21: BTC Golden Cross Road to $74k. From a technical perspective Bitcoin is in a Bullish market, further to this we have the Golden Cross for BTC which occurred on the 16th September on the Daily Chart (Historically every time we see this movement on the moving averages, we have experienced significant growth in BTC). The Golden Cross signals...
Everyone on CT has never been so bullish, probably because they are trying to sell their bags of alts to their many followers. It certainly looks that way at least. Notice how nearly every coin that is shilled on CT is towards the top of a multi week up only now at key HTF resistance - it probably only works with those who don't actively trade and blindly follow...
In this post, I'll be going through Bitcoin's daily chart, with references to my tweets to not only demonstrate how I was able to anticipate a sharp drop and bounce at $42k during the flash crash, as well as why I think our next stop will be retesting all time high levels.
Disclaimer: This is not investment advice. This is for educational and entertainment...
Hi Guys, Bitcoin BTCUSD looks like it is ready to start pushing lower and tag 20k. Sell only when you will have a lower time frame confirmation on at least flag for sell.
Trade with care !
see the related ideas👍👌.now i think the price should touch 49000.i said whales bought the dip (45000).how i know they bought the dip?I look for this information in glassnodes datacenter😁.
% increase after halving to 0.618
decreasing, 923.55%, 558.53%, 261.18%
This may be due to bitcoin approaching a more stable state over time
Which is expected as adoption increases
Similarities can be seen in prior pumps above the 200MA
It seems to have found a support zone above the MA line
This support will likely push bitcoin up to its final leg of the bullrun
BTCUSD💥1D-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥BTCUSD
Buying areas are indicated in the chart
I hope my idea is clear
Support me by like and share for analysis thank you
Stay Safe💯💲💲💲
Good luck💰😍
Bitcoin - Intraday - We look to Buy a break of 51105 (stop at 50484)
Daily signals are bullish.
A break of 51050 is needed to confirm follow through bullish momentum.
There is no indication that the rally is coming to an end.
Our outlook is bullish.
Our profit targets will be 52868 and 53228
Resistance: 51000 / 52000 / 53000
Support: 50000 / 49200 / 48800
Is bitcoin still a sell?
Who knows with this volatile instrument!
All I know is I'm happy to trust my back tested strategy.
Entry details are shown on the chart.
Working the 2H time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I...
Updating from previous Idea.After reached our first level of profit and moved the stop loss to breakeven for the second position, we can see the price broke continues the strongly uptrend with $55.000 is next pit-stop. Looking the volume indicator,we can see the trend in bullish with strong volume increase. We await the second level of profit target $55.000
Check...
From the chart Bitcoin heading to break 54000 as new resistance level , to continue uptrend BTC should trade above 47000 as support level .
Be careful traders .. and good luck .. cheers !!
This is for educational analysis not financial advice , and you need to do your own research.
