Bitcoin is currently trading right around the $23k area.
Lower Support is around the $22.3k level.
This is my strategy for the meeting:-
I am holding no leverage long positions as of now.
I have placed orders for Doge and BTC.
Lower levels to long BTC are $22322, $22569, and $22689.
These can easily get filled with choppy price action.
FOR NEW TRADERS:- Do not...
Hello traders, I hope you all are doing great.
In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC?
Before we begin, let me clarify that this update is based...
So the last post talked about getting the support around 22860 and bounce. It bounced yesterday and again today from that level which is 4 hour support area. Now it has blasted through the recent 4 hour resistance sitting at 23200.
Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but...
As mentioned in the last post, the price did pullback to 22860 level. However, that was quite quick. This 4 hour support is not that strong, however, this definitely will produce some bounce.
Depending on the bounce, the direction of further move will be decided. It seems that the probability to move up from here is a bit higher. However, I will be a bit cautious...
The outcome of the Federal Reserve's upcoming meeting will impact the direction of the BTCUSD pair. Currently, Bitcoin is experiencing a sell-off due to profit-taking, but the market anticipates a further bullish trend due to a slowdown in interest rate hikes. However, a brief bearish correction is expected. It is important to watch the 20000 price level as it may...
BTCUSD💥1H-TIMEFRAME ANALYSIS
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BTC / USD
BTC finally hit 200W MA that I mentioned alot before
In past these dynamic supports are always around ultimate bottom of bear market
We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k)
WEEKLY RSI :
Another important thing i want to show you is WEEKLY RSI :
we...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BYBIT:BTCUSDT.P
4H time frame
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Bitcoin is challenging the resistance again.
There are three targets if it could successfully get rid of the red zone this time.
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Entry: BOS
TP: 24400, 25230, 26370
SL: 22800
Bitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg...
Hello Guys
There are some notes of BTC weekly Chart:
1. We have a new ATH every 4 years ( 1428-1477 ) days..
2. After the ATH we take about ( 52-59 ) weeks to make a new bottom then we go up a little ...
3. Every time we reach a new ATH we drop down in a same angle (-55) before the new bull run starting .... look at my chart ( Red angles and curves ...
Good afternoon, dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more...
As mentioned before, the price touched the low of the 4h range after falling back into the range. Now it should bounce and at least hit to the next 4h resistance zone.
Hello, trades, Dexter here with yet another update on BTC in a daily timeframe.
It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then...
Hello!
Bullshort is here!
After a strong rally, sellers put strong pressure on the 22-23k level and held the price. Buyers failed to pass asks limits and the price went into lateral consolidation. The zones are all shown, I think there is no need to explain their meaning.
It is important to note that the open interest of short positions is very low, which may be...
