Btcusdidea
BTC retest the important area BTC / USDT
BTC recently made the breakout through resistance
Now its retesting the same area but this time as a support
1– If this S/R area hold for next few days expect a rally to next targets in my chart and altcoins will follow …
2– If BTC lost this area (around 44k) by daily candle closure, will favor bears to enter the market again
Be ready for both scenarios
Don’t forget to like my idea for more
Thanks
$BTC #BTC 1H Chart - Short Term Trade Idea With Entry & Targets.Hi Traders,
Here's what I see for the next few hours/days for #Bitcoin!
If we succesefuly Break the $41700 Level, This trade will be active, and the targets will be as follow:
45400$
48000$
51200$
54900$
STOPLOSS will be 2 Hours Close Below 40400$ AFTER ACTIVATION.
NFA, DYOR, and Good Luck.
Will the buyers be able to win this time?There are two volumes that have not been tested, one volume that pushed the price to sell, the second to buy. For good, the price should, after the breakdown of the local high, test the volume to buy, but it is very dangerous there, sellers can become more active and push the price down for a long time. A trend change has occurred, the main thing is to break through the level with a higher volume, which pushed the sell price.
Active trading and volume analysisThere are two biggest volumes that are at the very bottom of the movement and that push the price up, there is such a thing, the trend will continue until these volumes are interrupted by larger volumes, while they must be at the top of the trend...
- Rising volume indicates the determination of sellers and buyers to push the price down or up, respectively. For example, if in an uptrend volume rises on a price move higher, this indicates that buyers are very willing to buy and the upward movement will continue.
- A trend can continue for a long time and on decreasing volumes, but usually decreasing volume during a trending price movement indicates a weakening of the trend. For example, if the trend is up, but the volume is steadily decreasing, this indicates that fewer people are willing to buy and push the price up. However, this trend will not change until the sales volumes exceed the buying volumes.
- Ideally, the volume should be more when the price moves in the direction of the trend, and less when it goes against the trend (on pullbacks). This shows that the movement in the direction of the trend is strong and the pullbacks are weak, and the trend is likely to continue.
- High volume accompanied by sharp price movements against the trend is a sign of a weakening trend and / or a possible reversal (in accordance with the previous paragraph).
- An extremely large spike in volume, 5-10 or more times the normal average volume (in a given time frame), may indicate the end of a trend. This is called an exhaustion move because usually when so many stocks change hands there is no one left who is willing to push the price in the direction of the trend and the price reverses (often quickly).
BTC Finally Broked a Long Term RangeAfter a Long Range Bitcoin Broked the Resistence and now up to its Way. Now the next Point where we have to take care or if You have any Trade in BTC. then you can takeprofit on this points.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
(BTC/USD) BULLS LOOKING TO BREAK 45KBitcoin (BTC/USD) maintained its recent upside bias early in the Asian session as the pair oscillated around the 43000 figure after trading as high as the 43296.47 level before profit-taking commenced down to the 42668 level. Stops were elected above the 42769.80, 43006.76, and 43042.47 levels during the ascent, representing the 61.8%, 76.4%, and 78.6% retracements of the recent depreciating range from 43389.79 to 41766.79. BTC/USD recently encountered technical resistance at the 43389 level, representing a test of the 78.6% retracement of a broader depreciating range from 45855 to 34322. Traders are closely watching to see if BTC/USD can become technically constructive above the 41445.06 level, representing the 23.6% retracement of the broader depreciating range from 69000 to 32933.33.
Stops were recently elected above the 40079.12, 40673.54, 41409, and 41519.83 levels during the move higher, retracement levels related to the depreciating range from 42597.84 to 37560.40. Following the recent move higher, areas of potential technical support and buying pressure include the 37043, 36942, 36789, 36698, 36662, 36444, and 35698 areas. Areas of potential technical resistance and selling pressure include the 48485, 48710, 49121, 49409, 50966, 52059, and 53150 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 41445.81 and the 50-bar MA (Hourly) at 42477.58.
Technical Support is expected around 31639.47/ 29514.02/ 27271.02 with Stops expected below.
Technical Resistance is expected around 46600.89/ 47726.76/ 49019.35 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage
BTCUSD 2022 Buy OR SELL Signal FORECAST NEXT DAYLY TREND CHARTBTCUSD 2022 Buy OR SELL Signal FORECAST NEXT DAYLY TREND CHART
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC bearish bat target $42,057Price action is attempting to form a bearish 🦇 on 2 hourly. Completion of this harmonic will be at $42,057, Invalidation of this will be $43,311. FOMC news had a very temporary effect on price action and afterwards we were bombarded with good news for future of crypto which pumped the market back up almost in an hr. Now we are back at R/S game. Bearish trend is still intact until we take over $46k on weekly.
BTC Deep Crab Target $41,877BTC is in process of developing bearish deep 🦀 harmonic, Completion of this will be at $41,877. We have bullish divergence of RSI and VWMACD on daily chart which if plays out then chances of hitting $41k are quite high. Now fundamentally, We have FOMC meeting tomorrow regarding interest rate hikes so we may see volatility today/tomorrow.