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BTC - Levels To Watch 👀Greetings, TradingView Family! This is Richard, also known as theSignalyst. After rejecting the 28,000 level , BTC has been bearish this week. 📈 For the bulls to remain in control, we need a break above 28,500. Meanwhile, BTC could still trade lower to test the 25,000 support zone. 📉 If the bears manage to break below 25,000 , we can expect further long-term bearish movement towards the 20,000 demand zone. Which scenario do you think is more likely to happen? and why? 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
34
All time hight • Value in the chart is similar to Mount Everest in series. • Left shoulder start building from July 2021 to September 2021. • Left shoulder High 2300-2370 life time. • Header and shoulder pattern breakout in the dalmiabharth chart. This level, which peaked in July 2021 and acts as resistance, descends to the 1840 level (50 SMA Weakly chart). Right shoulder encounters resistance between 2280 and 2300, with a downward (100sma) support level of 1860–1870. Header formation from 2300 level to 1200–1220 (200sma) level was accomplished over a two-year period. Today's stock closed above this level, confirming that the stock has broken out at the 2290-2300 level and that it has sustained all-time high levels. • This pattern's target is 3300, with a stop loss of 2190 points below this level as the baseline. No recommendation for buy and sell Take your own analysis
NSE:DALBHARATLong
by investigationofchart
Bitcoin Technical Analysis (BTC/USDT) for the upcoming months.Here a short analysis of BTC/USDT on Binance using key levels, trendlines, EMA's and Trendlines. This is purely technical analysis and you should be aware that crypto's can move very suddenly and neglecting technical analysis. In this analysis, I highlighted a potential path Bitcoin can take, where it will first drop down with a retest to the strong key level it is at right now, after which it might hit 20.000 and I think that this value can be the cataclyst for the new bullish move for BITC/USDT. The limit of this move is virtually infinite, but I would look at a move to atleast 40.000 in a few months. I also highlighted a sell area, but this is only valid if it reaches it in the timeframe of the rectangle and if Bitcoin will not fullfill the other drawn path. This is purely a short-term trading setup while the buy area is more of a hold zone.
by CilinixFXCapital
the high, the low, the 20000 and the end of this year.The high resistance, the low resistance.... the heart then tells you the mark for the 20000$ And the space between red and green is where the end of this year shall be seen....... (the year 2020 ends with the price 20020 and an arrow pointing at Mars! (forget the moon!) So obvious! Everybody can see this right? Have a good holiday season, and a great end to this horrible year! may 2021 bring you all that this year did not!
COINBASE:BTCUSD
by addegaaidanouzelfzoek
Bitcoin, The CME And The 20K Target.BTCUSD update: 19891 is the all time high at the moment while a pin bar is currently unfolding on this time frame which is a reversal sign that implies an oncoming short term correction. Will the open of the CME futures take this market to 20K anyway? First let's talk about the technical situation that is present now. Momentum has been clearly bullish with very limited pullbacks for a month. The recent 5K pullback was met with immediate buying so the pain went away quickly. Right now, if this market retraces, a reasonable level to look for support is the 14450 area which is the .382 of the current bullish structure (measured from the 5400 low). IF price retests this level, it is an area that offers better reward/risk compared to where price is right now since the bullish trend would still be intact. A decisive break below (anything is possible) can lead to a retest of the 11k to 8650 area which is the .618 zone of the structure measure from 5400. If price retraces this far, it will more likely unfold into a broader consolidation as it builds another base. These levels provide areas to anticipate for swing trades or position trades on the long side, which is better than jumping in at any random level in terms of risk. All these markets are in a state of euphoria and will return to equilibrium because that is how all markets work, it doesn't matter how "different it is this time". No one knows when or how this will happen. Often it is a piece of news that comes out of nowhere and cannot be anticipated by TA, especially long term TA. As far as targets go, the 18973 target has been compromised (it is the 2.618 projection from the 5578 low) but price is now hesitating in this area (these targets are usually not exact but do provide a good estimate). This level along with the current pin bar offers a heads up to at least lock in some profit if you are long from much lower prices and planned to hold only for shorter term movements. This is NOT a time to get short in anticipation of a broader correction. There is another target at the 24480 level which is based the 1.0 projection from the 12730 low. It is within the proportion of the current structure and does offer another potential area to lock in profits along the way IF price actually reaches this area in a relatively short time (a week?). There is no way to accurately quantify the probability of price reaching this target, but based on the euphoria and momentum, there is a better chance of it happening than not at this point (things can change fast though). In summary, price is showing a bearish pin bar going into the open of the CME futures. My opinion of the futures has been and still is this: they will bring balance to a wild market. The CME contract is larger (5 coins compared to 1 on the CBOE) which means it will be easier for large players and institutions to scale and manage larger positions and more complex strategies which are not necessarily dependent on the direction of the market. This translates into more noise and consolidation rather than immediate sell off or rally. If I am going to take a swing trade long position in this market, I need to at least see price retest the 14450 area and then the rest of my position evaluation can proceed from there. As unpopular as it is right now, I will not buy anywhere near highs especially in runaway markets because I prefer to mitigate risk, not gamble. Comments and questions welcome.
BITFINEX:BTCUSD
by MarcPMarkets
16