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Bitcoin Price Prediction: Cooling-Off? | MA StrategyIn this BTCUSD idea, we're looking at the 1H timeframe on both charts. On the left side, you can see the most recent price action. We can observe some weakness at the $25000 level. We might retest this price multiple times, fooling retail traders into thinking that this might be the next leg-up towards $30000, but in my opinion, it's too early for that. Everything else is explained on the chart. If you like what you're seeing, feel free to Boost this idea and check out the stuff below :)
by Anton_XBT
3
[CRYPTO] Bitcoin is in a short-term CorrectionThe price of Bitcoin (BTCUSD) is in a short-term correction after a strong surge in price to our new All-Time-High, located at $58.500. I'm expecting a stronger retracement, shaped in a Falling Wedge - this scenario would result in a further increase in price after the correction is completed. Mandatory for this new emerging trend are the lower highs and the lower lows. As soon as this structure is broken, we will see the price climbing back up again. Please keep in mind that cryptocurrency markets are volatile. Try to trade the spot markets only and don't use leveraged trading. Check out my signature below this idea for more information. Cheers, Ares
BITSTAMP:BTCUSDShort
by Anton_XBT
4
How To Trade The Range With BitcoinHello friends, the price of Bitcoin (BTCUSD) is recently making lower highs and we might see a bigger correction incoming. Please use the highlighted Demand & Supply Zone as well as the Key Level & Support for possible exits or entries. While the price is moving in a range, we have to keep one simple rule in mind Don't take long positions if the price is above the Key Zone of the Range Don't take short positions if the price is below the Key Zone of the Range Everything else will mess up your Risk/Reward ratio. And as always - i want you to be careful with your money :-) We can see retracements during an uptrend (use resistance lines) as well as during a downtrend (use support lines). Drawing lines can improve your exits and entries massively. We might see the price moving towards our Demand Zone within the next hours and days. If the buyers are exhausted at this point, the price will move further towards our next support zone. Please make sure to place your buy orders beforehand, so you can catch a (likely) bounce scenario. Let me know what you think about this idea! cheers, Ares
BITSTAMP:BTCUSD
by Anton_XBT
5