Btcdollar
BITCOIN trade idea(1D)Bitcoin on 1D is a buy trend as it also just recently broke the minor sell trend so therefore we expect little retracements(Sell short) to respect law of support and resistance and go for a long buy OR buy and retracts a bit before going long again above 10000 so please keep watch.. Please also comment, like and share your ideas on this particular pair too. thanks!
Let's test the 7300 - 7500 dollar area again Not much has changed in my opinion since my last update.
I think we are likely to test the 7300 - 7500 dollar area.
For me we must hold this level to remain short term bullish...of course we are all long term bulls ;)
If we break the 7300 -7500 dollar area we will be most likely test the 7000 dollar area next, but I believe we
will see more downside action if we do
BTCUSDTwo possible scenarios:
Fist - that BTC broke up fibbo 0.5 and fixing price at this level after this we can go to 8600$ and upper
Second - that BTC flat lower than fibbo 0.5 and broken down at last local ATL (6700$) and then at fibbo level 0.23
Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (7412.60). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Take Profits:
TP1= @ 8357.70
TP2= @ 9911.45
TP3= @ 12310.45
SL= Break below S2
Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (8927.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 9801.25
TP2= @ 10933.04
TP3= @ 12279.70
SL= Break below S2
Turning point for ALTs vs BTC ??Hello, Traders!
Monfex is at your service and today we overview BTC Dominance.
Turning point?
We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Short-term, perhaps we will pull up to 70,70 % and there will be a likely rebound in the target zone ~ 66,40 % .
MA100 acts like support and resistance.
Share your thoughts, ideas about the market under the chart.
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BTCUSDGood daily close, showing the waves shaking and panicking people. Good zone for long term and HODL. This zones are weekly zones so we have to wait and swing trade for the moment. I dont recommend margin trading for the moment. Margin trading is better with dollars in short opportunity. If you are more conservative wait the break of the counter trend line for more confirmation.
Im seen good response to this price, in H4 we can see 78.60% been respected very well. Always put your stop losses in case of another wave manipulation.
Alt Season just started! Enjoy it :)We are doing Analysis of BTC .D on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
WILL BITCOIN SEE 20K WITH THIS ABCD PATTERN?Longer Term Timer has turned neutral on Bitcoin/Dollar. Every this has happened it was a great buying opportunity for the longer term as we have been in a bullish market state.
If we are still in a bullish market state, it might not be a bad idea to accumulate some more of Bitcoin by simply Dollar Cost Averaging.
If you would like to see more videos like this, feel free to like or comment below this video.
Do you think Bitcoin will test 20k this year ? Or even 100k ?
WATCH US CALL THE BOTTOM FOR BTC-LTC-ETH-BCH
Let me know what you think in the comments below.
Thank you everyone.
BTC Dominance : Bull VS Bear Run. Who's stronger ?Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next.
From my analysis, I believe there are two possibillities, Bull Run and Bear run
>> BEAR RUN
If the Price breaks down the line then On 1h Chart,
BTC is likely to print Gartley pattern.
Most likely breakout level is around 10890 - 10750 (1.618) , If this level is not tested then it must lie between 10300-10460.
>> BULL RUN
BTC is haeding towards third wave so if bull run is stronger to destroy gartley pattern then it will going up as it is going.
BTC can not JUMP anymore , DUMping metafore Update will come very comprehensively but need push LIKE button for motivate me. Thanks a lot.
Bitcoin/Tether (June 18) #BTC $BTC #USDT $USDTBTC has not been able to exit the channel as shown in the figure. There are many signs that BTC will reverse to go down at 9400$ zone and this is quite reasonable when a lot of Altcoins has entered the strong support price that noone wants to sell off anymore.
The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of this channel at 7900-8000$ and raises its momentum.
However, in the financial market, everything is possible. If BTC passes 9400-9450$ zone, then your first priority is to move all Altcoins into BTC and wait until BTC reaches 10500-10600$ to consider buying Altcoin.
Because BTC increases 10-15%. it will be a nightmare for Altcoins when they decreases by 30-50%
$BTCUSDBITFINEX:BTCUSD
Trying to break above small down channel developed over last few days.
Looks like 8150/8200 is key level to watch for more upside.
On the down side 7500 is the key for bears.
Trend Lines That Never Fail - The Start of A CorrectionWhen you zoom out, things become a lot clearer. Bitcoin touched the top of the channel and is starting a correction. Buy Zone 5500 - 6200.
