After a big battle in 30k zone, bulls took control and Bitcoin rose 30% in a very short time.
At this moment the main crypto is trading just under 40k and is facing a strong technical confluence resistance.
A correction is probable at this point but as long as the price stays above 35k there are good perspectives and bulls are in control.
Buy dips is my strategy...
BTCUSD is approaching a major daily resistance cluster.
40.800 - 41.500 is a potential reversal zone.
To catch a swing move from that,
wait for a bearish breakout of a bear flag that is formed on 4H.
We need at least a 4H candle close below its support to confirm a breakout.
Goals will be - 36.400 / 30.300
In case if...
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Several chartists use the approach of price-action to predict the market movements. Some include volume too. However, most professional traders prefer using a multidimensional approach to market...
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Bitcoin king of crypto - doing it's best work, like the one man army it is!
Although it's as clear as day, crypto is here to stay - we have to be willing to see some wood through the trees. Every now and again, we need a pullback. I have written several articles around the...
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Here is the top-down analysis for BITCOIN, feel free to request any pair/instrument or ask any questions in the comment section below.
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Last time I looked into this very informative ratio was in late October 2020, right before Bitcoin started its new Parabolic Rise:
The Triangle broke to the downside and that heavily favored BTC against Gold in a diverging trade trade that few...
💎Technical Analysis Summary💎
-Bitcoin is currently testing the mid resistance area after a 40% increased from the 29k region
-This zone is a confluence of previous tops from January 8, May 26, June 15 trading
-Also, the 100 Moving Average is sitting inside this zone
-Take note, the RSI hit the 70 level or overbought territory
-After 9 trading days with...
Price is close to resistance (41000.0) and resistance line. I think that BTC can break both this levels soon and will make powerful uptrend. As a nearest target we can take next confident level (50000.0).
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.
#BTCUSDT TA update:-
$BTC currently trading at $39800
This is very good for Bitcoin Lovers.
According to TA price trading above 200D MA and this is strong support right now.
So if hold this level then we are strongly bullish towards $49500
But If break down this 200D MA then we can see again $34700
200D MA support: $38555
50D MA support:...
With BTC having a a bounce out of the blue and currently holding $40K, its time to look more seriously at the bullish case.
In favour of continued bullish price action:
- Buy volume increased during the uptrend for the first time in this correction
- Price has not capitulated following the recent bounce.
- This bounce could potentially be the start of Wyckoff...
Welcome to this analysis about Bitcoin and its 4-hour timeframe perspectives. Bitcoin reached important resistances in the structure and besides that is forming an important and decisive formation in this structure. This formation is an ascending-wedge-formation marked in my chart with the blue boundaries. In this formation, Bitcoin has the coherent...
in this video I am explaining you how the Smart Money Traders took everybody out of the market in order to ensure higher prices for BTCUSD.
Soon the Correction is over and we will push higher.
What do you think Guys
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The price has been testing the area of strong resistance shown on the chart for the past few days now. But unfortunately, the attempts have resulted in failure. We are now looking forward to opening short positions and aiming for the 0.618 Fibonacci retracement level
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Whereas every time the BTC hit the dotted uptrend line, it rose incredibly in the following hours.
There is a possibility that BTC will easily break the $41k resistance in the next few hours.
End of month coming: high volume expected
This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.