MACD is about to form a death cross pattern, and the price is fluctuating near the trend line. Combined with indicator analysis, the probability of falling is greater, so the trading strategy is to short, TP around 62200
CRYPTOCAP:BTC #BTC Dropped below $62,580 support following bearish engulfing on last 4H, Currently trying to regain $63,144, RSI on 4H and 1D looks fine, Previous 1D closed bearish, $61,674 current support area, Needs $64,344 support to reattempt at $65,521-$66,323.
First trade the rebound opportunity in the downtrend, and short after the long position ends, tp60240
Bitcoin just broke under an important support area of 60k and hit 56k. However, if you look at the chart you can see that we went straight back up to 64k, making a FULL retracement. If you look closer you can notice the exact same pattern happened 25'th of January, followed by a week of sideways movement and then the breakout that sent price all the way to...
Hey there traders! Some thoughts about BTC. We can see the movement in bullish flag, but with descending volumes! So I think that we will finish the last Elliot wave and will continue grow and maybe break resistance in May-June with hitting ATH. Now we can try to trade the last Elliot wave with TP at support box. SL can be a bit upper the flag line. What's...
After a sharp rebound, the rise has slowed down near the resistance level. The indicators need to be repaired. Pay attention to the support between 62000 and 61300. If the support is effective, go long. For the current transaction, shorting is safer and the probability of making money is higher.
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
BTC i stuck in the resistance zone at $59.000/$60.000. In my previous idea, i marked this area as a key resistance zone and in fact, BTC is having some difficulties to break this level. If Bitcoin will fail to go over there, we can expect a drop in the coming days, as i was previously thinking. Otherwise, if Bitcoin will break above $60.000 we can expect a rapid...
This analysis examines both the short-term and long-term trends for Bitcoin (BTC) against Tether (USDT) using the weekly chart. Short-Term Trend: Based on the current bearish sentiment, I believe there's a high possibility of BTC experiencing a further drop in the short term. A potential support level could be found around the intersection of the 21-week EMA...
Bitcoin is following the bearish i explained in my previus idea. I expect a continuation on the downside till the next support zone at $50.000/$52.000 as soon as the local low will be broken. To turn bullish again, BTC need to break the resistance area at $60.000
Expired BTC.USD Weekly outlook. 1st WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 62,054 Target Price: 64,521 | Strike Price: 64,714 APR30 24' Upper Range: 78,972 Lower Range: 50,071
📊Analysis by AhmadArz: 🔍Entry: 59570 🛑Stop Loss: 61192 🎯Take Profit: 58272 - 56468 - 54908 - 52987 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Currently, crypto market users are divided into two camps: 1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k. Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise. On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin...
Recently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your...
I was bullish on BTC until last Friday before the WAR news broke. It was beautifully making a bullish penant which 70% breaks towards the upside. However, it didn't happen this time and it broke towards downside and confirmed. Since we now got the confirmation of breaking downwards, I am seeing further downside now. Currently trying to bounce from 0.382 fib...
In my opinion, if Bitcoin breaks even $60,000 It can easily target the desired number, 54
#Bitcoin is eyeing the box, folks! We've got MA support chilling around $59.8K—could be seeing a retest real soon. Remember, if it dips below this MA on the daily, that's our cue to reconsider our plays. 👀 Remember, alts are just waiting on Bitcoin's next move. We might be in a snooze phase now, but that's exactly when the market likes to shake things up with...
Actually i am waiting the price to enter the support area at $60.800/$60.000. There i will look for a trade, considering that we have seen strong rejection when price reached this level. I think we will have more chances to enter shorts, i will keep you updated as soon as i will see a clear direction.