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Btcuds

GBP/USD Resistance Rejection and Bearish OutlookGBP/USD is a forex pair representing the British Pound against the US Dollar. The current price is 1.24150, and the target price is 1.21000, indicating an expected decline. This suggests a bearish outlook, with a potential gain of 300+ pips if the price moves as anticipated. The analysis is based on support and resistance levels, key technical indicators in forex trading. The price is currently facing strong resistance, leading to a rejection at this level. A rejection from resistance often signals selling pressure, pushing prices downward. Traders expect the price to drop toward the next support level at 1.21000. The setup aligns with technical analysis, where resistance acts as a ceiling for price movements. If the resistance holds, further bearish momentum could drive the price lower. Risk management is essential, as price movements can be unpredictable.
Short
by AndrewsMarket-Mastery
BTC waiting to eruptThis is the 4 hr chart as you see I have drawn out the Head & Shoulders everyone was afraid of that was going to play out. Too me we're past a HS sell-off & in the Consolidation phase for the next big Bull run. The closer we get to August the more Bullish I become, this is due to the Technical Analysis along with the wide Integration of BTC/Crypto which is happening every single day. We should see nice consolidation over the new few weeks that's when I believe we will begin to reach those lines of resistance (Blue) that I have labeled. We very well may see a final shot at shaking the paper hands out, but I do believe the next big moves will be Bullish.
COINBASE:BTCUSDLong
by Kyle_Kinnaird
2
XTZ observations: updateThis chart is a repeat from my last post but I fixed the chart position so you can see the drawings better. "xtz btc pair is what i'm paying attention to here. 1D chart shows clear signs of "I want to go up". This is merely an observation. From basic understanding of cycles and patterns the next steps for xtz would be a period of sideways movement followed by a period of growth. We seem to currently be in the sideways movement. I think its possible that there will be a little more drop perhaps back to the 3.20 - 3.35 area.. although this would not last long in my opinion. BTC dominance is shifting to altcoins and looking at the bullishness of the alt/ btc pair will give us signals of what coins will move as dominance shifts. fyi, i'm not trained in this stuff..." good luck,
by The_Yeager
Did BTC Top out for the mean time ? Using the Mayer Multiple Bands indicator Created by @ GlassHalfFull I have the basis set to 55 I also quite like the 9 day time frame and this indicator :) My short term down side target would be $18.5k My short term up side target would be $20.64k or $22k I would buy the dip if price action came back down to 18.5k or lower ! //---- This publication is Not financial advice nor is it intended to provide trading signals I suggest you invest or take trading positions in a way that still allows you to sleep soundly at night :) Sideways price action is bullish price action BTC: Hard money , Truth money , Sovereign money , Scarce money , Peaceful money , My intention for this publication is to publish and then review my ability to find key support and resistance levels of price action //----
BITSTAMP:BTCUSD
by Time_Out_2021
BTC potential Inverse HS pattern,bottom 5.2~5.5k?!HI GUYS. today is such a gloomy day. btc is falling, and falling. i have opened my short position at 6500, sold it at 6080. I went long at 6050, sold it at 6150. for me, it is successful, but there are so many people in dooms! now, i want to share quick about a potential inverse pattern that might play out. this is all just a SCENARIO, IF we play out just like last time. But! this idea will be invalidated immediately if we go much higher today to 67 area in coming days, this scenario becomes garbage instantly. however right now the rsi levels, obv, mfi, every indicators, time period before etf hearing, indicates that this kind of charting play might play out IF the bulls want to make a run in sometime in September. guys, you have to understand first, that i think the neckline, for now, just for now, the major resistance is NO longer 6.7~6.8. It is 6.6, and 6.5. yesterday a head and shoulder pattern broke out from 6.5~6.6 area, and this zone is making a big resistance. i do not know where real bounce may come but, at 5.75, since it is a former bottom there will be a bounce, and the top may be 6.2~6.3 at max playing around at 6.0~6.1 mostly. then it will resume going down to 5.2~5.5k levels, and it will shoot up to 6.3~6.4 levels, and it might come down to make a DOUBLE BOTTOM formation, but just higher then the former low or similar. after that, we go sideways, and shoot when a clear bull div has appeared on daily frames. HOWEVER, now the indicators in daily is oversold, and it doesn't have so much room to go down, BUT! in 2014, RSI levels in daily even hit 20 levels, which we might see a massive downtrend. Personally I want this idea to be invalidated, this is really crucial. for now guys, do not jump in 6.0~6.1 level. investment plan for shorts and longs are below. 1. Open shorts 6180~6200(just if BTC breaks out of the rising wedge today we can try) -target 58.7/57.5 -->this is absolutely risky I do not recommend this. only for experts who see this coming, with very tight stop at 6250. 2. Open longs 58.4/57.6/55 -target 6k, 6.2k+@ --->this right now seems like its not going to happen, and this call may be VERY EARLY. HOWEVER, we will see a bounce here so not a risky trade like the short. good luck in trading!!!!
BITFINEX:BTCUSD
by Turningmecard
1