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Btc_usd

BTC can we breakout this time?BTC / USDT Since the beginning of 2022 market was uncertain/chop with up and down movements Also Bitcoin failed many times to break strong resistance around 45k-46k => Can we breakout this time ? The bulls signs start to appear in market and in my chart possible scenarios : 1: the last fast correction before breakout 2: Direct breakout => Invalidation : daily candle close below white trendline then this analysis will fail =>Don’t forget to like this idea for more analysis Always DYOR Best of wishes
Long
by Babenski
7
BTC/USDT - Potential 45% SetupHello Traders! The correction of the market is continuing. BTC tested the support level of $33600, after which the recovery began, buyers became more active and several times tried to gain back the fall, but to pass above the resistance level of $45400 at the moment failed. The price is wedged in a narrow liquidity range between $37800 and $45400. There is a structure on the chart with rising lows, the buyers support base is in the $37800 - $40900 range. A breakout of the $45400 resistance level will serve as a trigger for further Bitcoin gains. More than $3 trillion worth of futures and options expire quarterly in the stock market today, Friday 18/03/2022. Major players and market makers will make a liquidity shift to the new quarterly contracts. Such transition may determine the moment of market turning and set the vector of market movement for the next several months. It should also be noted the revival of investors' interest in risky assets after the Fed meeting on Wednesday 16/03/2022. In addition, the markets have already reacted to the geopolitical situation by growth in prices of commodity assets, after which the correction started. External factors along with a breakdown of the resistance level of $45400 may be a trigger for further market growth and the entrance of Bitcoin to the price levels of $55000 - $59000. Buying from the current price points gives a good risk/profit ratio, but it is safer to work from buying only after the price moves beyond the $45400 level with a hold. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030
1
No bull just facts pt1Historical Facts - The resistance holds us down for a period no less than 60 weeks/bars - Pattern only breaks once we test the resistance and fail, followed by a test of support then lastly followed by break, - This is the most likely route for bitcoin under neutral/good conditions, we can get all the technical factors in a row but the geopolitical events are out of our hands, the only thing we can do is be wise and prepare for any scenario HAVE A GREAT DAY - Renen.M
BITSTAMP:BTCUSDLong
by someshrenen
No words just facts, no bears just bullsno words although.... A. Anything can happen, historically we have never failed a breakout of this pattern since 2018 + bullish divergence on the daily RSI. B. History does not repeat itself but boy is it always is it always similair. For example this could be that one time it breaks back down then shoots back up and inversely it could be the first time it breaks down, The odds favour the bulls though. C This is most likely the bottom but with btc anything can happen so always prepare.
BITSTAMP:BTCUSDLong
by someshrenen
4
Bitcoin, are the bears winning?Evening everyone! Sadly, I don't have the capacity to film an update, however, I do have the ability to provide an update nonetheless, so lets take a look into what we're thinking for BTC. Lets talk about the level of Supply that we've been rejected on multiple times, that 46K level is interesting to me, in which we've gotten close to that level, but haven't mustard up the volume and the market sentiment to push through it, so seemingly, it's forming a range that's spanning quite wide, from 32K > 46K. I understand of course, that it's no ideal to provide such a wide area in which we can swing, but, it can provide good opportunities in relation to buying ops around that low key area, with the expectation of offloading or selling that bag around the higher area of the swing, so that's a plus in fact. I have highlighted an area on the 4H in which we're heading towards, which is very close to where we are now, 38K is the area of interest for me, on the 4H at least. BTC really needs to hold this level over the next few days, to give me an sherd of confidence that we can even see 46K again in the near future. Honestly, I'm positively optimistic, in which I think we can in fact hold 38K. In short, I'm not saying we absolutely will, there is every chance that we'll finally see that 32 level that's more notable on the 1D that we've attempted to reach a few times. Hedge yourself on your own TA, trade what you see in front of you and back yourself. I'm currently looking at 38K with the mindset of a longer term swing, so if we head down, I have a plan. Of course if it's the opposite, then I know what to do. Do you?
BITSTAMP:BTCUSD
by Unity-Trading-Group
BTCUSD LONGBTC is in for last retest before a pump. There are 3 possible scenarios on my chart when to open a long position. Anything above 37k on a daily candle and bull is continuing as planned. BTC found a strong support in the area of 38500-39000. It will be hard to break for Bears, RSI resetting nicely on lower timeframes. I’m using line not candles on my chart because the only thing that matter for me is where it is closing on daily. Than I’m trying to find an entry on 5min chart. My analyse is based on Bitcoin Cycle Repeat from last 1458 days.
BITSTAMP:BTCUSDLong
by Nameless1986