Short term outlook on BitcoinFrom a TA perspective Bitcoin should just be slowly completing the fourth wave.
The Fed has a meeting on 12/15 regarding inflation, QE and Tapering, unless something surprises the classic markets, I think it should stick with the yellow option. However, if the stock markets continue to fall after the meeting, it is quite possible that they will take Bitcoin down with them to an important support for the continuation of the bull market at $52.8K where is the trend line. In this case, it may happen that the fifth wave will be truncated. And the chances of entering a bear market would increase significantly.
Btc_usd
BTCUSD Index Support, Resistance, and Trend Idea 120121I'm a beginner at TA so please keep that in mind, I welcome any advice or comments.
One year chart, right now I'm seeing support at $53390 and resistance at $67000. 50 day moving average is above the 200 day moving average, keeping an eye out for a breakout above the 50 day at $61000. However price action is trading below the 50 moving average line, which could indicate further selling?
RSI: Currently 45.6, slightly oversold. I'd have more bullish conviction if it was lower, say mid to low 30's.
DMI (Directional Movement Index): Yellow line (trend strength) looks like it's weakening for both bullish (green line) and bearish (red line) however bearish signal is above the bullish.
Current analysis: Neutral, watching and waiting for movements above or below resistance lines or a break above the 50 day moving average.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
BTCUSDT TRADE SET UPHello everyone, it is an idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT trade setup.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
BITCOIN IS NOT DUMPING hey traders, as we see at the chart, we have a retest the downtrend, so there is nothing to be afriad of or selling just #hodl guys
we have a monthly closing today, above 60k will be fire but still postive if closing 58k .
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trade carefully guys and don't forget the risk management.
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OUTLOOK BTCUSDTBINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#BTC just dived to 52K's support after rejecting the 60K's breakout.
Now If we hold the support here, We'll get the bullish momentum thought pivot line and head to 60K's bearish breaker !
There will be two possible scenarios there :
- Break above $61500's level and take hold there, After that we'll plan to target the S/R zone at $63K's level and FIB's target level at 71K.
- Refuse to break above the $61K's level and head back to 52K and 47K's major supports.
In the 2nd scenario, If we lose the 52K's support; It more be likely to have a rejection on 49K's Moon-Line.
We are still in a bull run scenario
Hope you enjoyed the content I created, You can support me with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Thank You n Have a good day!
Green zone is where you add, not before BTCUSDDear Gamblers,
More dips to come in the coming days, green zone highlighted is where I will add to my position, not before, not after. Reasons:
1/ US10y deep almost 10% mostly for a covid new variant which will likely expand all over the world in the coming days.
2/ All people are looking for a rally to start early December, and this will be hugely contratraded by professional traders and behavioral economics itself.
Expect a huge wick down looking for liquidations followed by rally resume.
I do think we will have an EOY rally.
**Please, do not take this as financial advice, I do not know what I am doing neither I am your financial advisor. Do your own research before risking your money**
Kind regards,
BeniGo
Bitcoin Buy The FudAnother Shakeout after the SEC announced that they want to sue Coinbase.
it's good and easy to be on the Dark Side to create "insider Trading Fuds" and REKT retailers when BTC pumping.
That said this i don't think this dip will be same as last one in May. Bitcoiners start to have habit with bad news trying to create panic.
i am not a shorter in a BullMarket so "Buy the Dip" is the way.
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Trading Part :
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Buy Zones as in graph
Buy : Now ( Small Buy )
Buy : 43500$ (Small Buy)
Buy : 41500$ ( Medium Buy)
Buy : 38500$ ( Full Buy )
Stop Loss : 36900$
Take profits unchanged from my last analyse.
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Happy Tr4Ding !
BTC SCALP SHORT - DATA AND TIME FRAMEHello trading friends,
This is a short term update for possible short BTC scalp to 54500 and below trend to 52K -53K trend
At this moment the main trend of bitcoin is still into breakdown trend, and there is still no confirmation for an uptrend.
⚡️The power trend line is at 55400, when we confirm this line with the time frame then it's interesting to check the uptrend.
Have a great weekend!
BTC potential reversal zone BTC / USDT
BTC reached the interesting reversal zone (53k-48k) and here’s why:
1-price is testing MA 100 in confluence with lower trend line of channel
2-0.618 Fibonacci level around 50k
3- G&F index now is extremely fear
Usually extremely fear mean bottom (or local bottom ) is near
In case bulls defend this level well ..next strong resistance will be 60k and after that we can see new ATH
I will need to update my view if bulls lost 48k-47k by candle closing
Do you think we around bottom or have another opinion ? Share your view about BTC in comments section below
BTC scenario in next week BTC will have fateful days ahead next week
Bitcoin has formed a downtrend channel in its uptrend .
Given the resurgence of the corona viruse and its impact on financial markets , the best scenario for BTC will be ranging in triangle and breakout from downtrend channel during the next week