CRYPTOCAP:BTC #BTC Given key resistance area at $52,527 holding strong, $51,630-$50,579 current support range, RSI on 4H looking good, previous 1D close looks fine with RSI still in overbought region, Watch given S/R
BTC is showing strength here by putting in higher lows, holding the 100sma and recovering the white trend line. Regardless I still think BTC eventually needs to retest the 30k levels before it does anything extraordinary.
Expired BTC.USD Weekly outlook. 2nd WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 47,157 Target Price: 47,893 | Strike Price: 52,648 FEB15 24' Upper Range: 52,100 Lower Range: 43,686
In February, trading in the BTCUSDT pair started at around $42,000. This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750 If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price Only February 2020 "subtly hinted" at how...
CRYPTOCAP:BTC #BTC Followed thru on bullish pin bar - Given resistance came in effect at $51,630 and built support over it beautifully, same support in effect currently, $52,527 resistance testing, RSI on 1D and 4H in overbought region, next resistance areas $52,932, $53,672, $54,129, $54,772, and $55,901.
CRYPTOCAP:BTC #BTC Called it almost 6 hours before, bearish divergence played out on 4H and given support at $48,644 came in effect, $49,734 resistance testing as of now, RSI back below overbought thanks to the correction here and managed to keep the progress nicely, Bullish pin bar on previous daily close if followed thru next S/R area expected at $50,579 /...
Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go...
Bitcoin is now retraces to fib 61.8% level on weekly timeframe which is a good level for rejection. Trade at your own risk!
#Bitcoin Technical Analysis ⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level. ⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely. ⚫ Optimal Entry Strategy:...
CRYPTOCAP:BTC #BTC Given key resistance $47,232 testing, $47,232-$47,786 the tough spot, previous daily close looks good, RSI pumped up on 4h expect some sideways movement with support at $46,623, next key resistances $49,374 & $50,089.
Expired BTC.USD Weekly outlook. 1st WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 43,097 Target Price: 43,978 | Strike Price: 47,612 FEB9 24' Upper Range: 46,210 Lower Range: 41,745
CRYPTOCAP:BTC #BTC $44,860 resistance testing. Amazing break from $43,145 key resistance, RSI on 1D looking good, next resistance area to watch at $45,622-$45,876, $44,860 support crucial to hold as this will help reattempt at $47,232 key resistance. $44,174 current support yet to be tested
First of all, this is not a long ideas. I am not entering long, actually i am 100% out from BTC. I am waiting to enter short at the red line, and i think we will see soon a pump till that zone. Bitcoin is ranging from some days and small investor are starting to loose their patience. I expect a strong upside moves, reaching 45k, then a quick and strong drop till $40.800.
Recently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note...
Plan for this week on BTC. I will wait one of my two orders to get triggered: short limit at $45.000 or buy limit at $40.500. I think we will trigger the buy limit first, and in this scenario i think it will be just a scalp trade. If we trigger the short limit first, i will hold this trade for long term targeting $37.000
Expired BTC.USD Weekly outlook. 5th WK JAN 2024 > BULLISH 📈 CORRECT Closed Price: 41,814 Target Price: 42,394 | Strike Price: 43,544 JAN31 24' Upper Range: 45,324 Lower Range: 39,464
I entered short on BTC, i like how it's retesting the main trendline, and i think this retest will lead the price to a consistent drop. Trendline also fit with H4 resistance. I placed stoploss just above the resistance zone, and placed my take profit at $41.000, big support zone on H4 timeframe
#Bitcoin update Normally I would wait for the 4h fvg to take a short scalp position. But with the #FOMC meeting approaching in 6 hours (2pm ET), I'm wondering how quickly this will play out. If the 4h fvg hits near the FOMC meeting, I won't trade, but trade the FOMC volatility.