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Cryoptocurrency

BTC, Two Bearish divergence warnings !BTC shows two different scale bearish divergences when it is at major resistance ! It is a clear warning. Mentioned divergences have been shown on the chart. First is major one and second one is minor but both are clear and beautiful. RSI is making a clear divergence with price : Last established lower high and possible next lower high (Connected by a thick red line on the chart) show different trend (Thick green line) on RSI indicator. MACD is also showing a bearish divergence with price in step like recent moves. We have minor higher highs on price chart (Thin green line ) with different trend on MACD ( Thin red line ). Please note possible divergences are important at resistances and as I showed in my latest published BTC idea, Bitcoin is currently fighting with 4 resistances (See related idea for detail ). Is BTC able to break all the resistances and escape from bearish divergences? Many may be optimistic about this but as my exprience says : Cautious is needed in these situations. Good luck everyone.
COINBASE:BTCUSD
by SaeedSajedi
6
KEY LEVEL FOR BTC Hello friends As you can see, in the daily time frame, we have hit the resistance line of the descending channel, and the bulls and bears have been fighting in this area for three days. The future of the market depends on how Bitcoin reacts to this line. I saw that in some analysis it is mentioned that USDT.D has come below the 100 day resistance in the weekly time frame and if it stabilizes there today, we will see Bitcoin rise. But I still do not see this as a convincing reason. I would rather see the bitcoin candles in the next two days and then make a decision. be profitable
by Duximo
BTC breaks above the triangle. Next target is above $32000BTC breaks above the triangle and created a chance to test $32000. Right now market suck in its near term resistance level of $30767. SO, technically it may go in some downward correction. But, market seems very strong buy momentum. So, if BTC breaks above its near-term resistance level of $30767 we can buy instant and one kore buy limit order at its near term trendline support zone of $29600 price zone. If market breaks above the $30767 our second target will be $32000. And stop loss should be below the $28000.
Long
by Gold_Trading_Expert
BITCOIN (BTC/USD): The Eiffel Tower pattern. $20k approaching?Living in Paris and seeing this absolutely stunning creation of Gustave Eiffel almost everyday, and being a huge fan of sacred geometry makes it really easy for you to differentiate some patterns looking at graphical illustrations of various securities. Taking a look at the Monthly timeframe chart of Bitcoin, we can notice that the massive bullish run that took place from October 2020 to April 2021 perfectly lines up with the left curve of the Eiffel Tower. The top of the tower, the place where you have all the souvenir shops and people posing for Instagram nicely captures the longs wicks that are spiking to the upside but being unable to break above. At the very moment, we can see how nicely the current bearish wave corresponds to the right curve of the tower. Although we believe that there is a potential for the price to drop even deeper down, we are setting our initial target at the Monthly zone of support of $20k, which in fact perfectly aligns with the reverse "U" curve of the Eiffel Tower. Disclaimer: The purpose of this post is neither advertising Paris and nor offering a financial advice. Use this idea both for educational and entertainment purposes! Happy trading, dear wizards!
BITSTAMP:BTCUSDShort
by Investroy
20
Bitcoin will retest levels below $26k before finding a bottomI warned that Bitcoin would not find support until it reached $26k or lower many weeks ago. Now, I believe Bitcoin will attempt to move below $26k again - to FLUSH OUT new lows. This could mean a move below $22k or $21k - possibly bottoming below $20k on deep selling. The markets are looking for a bottom, but the unwinding of the speculative phase (over the past 5+ years) is going to take time. As traders and investors shift expectations, I'm expecting a much deeper unwinding process for Cryptos and Bitcoin. Ultimately, the $16k level may come into play again. But technically, the trend is Bearish and I believe this is the first downside wave of a bigger FLUSH OUT price move. Everyone will be saying "this is the bottom".. I don't believe we've seen the bottom for Bitcoin yet. Stay cautious.
BITSTAMP:BTCUSDShort
by BradMatheny
1