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#BTC/USDT Weekly Overview, Downtrend is broken.Welcome to this quick update everyone. Bitcoin is looking strong weekly. Although it could not break through the FWB:31K level the 200 Weekly MA which has also been marked as the Bear Market bottom Indicator is acting as support. This is an excellent indication for the bulls. So in the mid and long term, Bitcoin is Bullish. It simply looks like a retest of the 200 WMA in Weekly and 100 MA in Daily. (The Chart is right below this idea.) Let's take the worst-case scenario in Hand:- As per our previous charts, the price closed below $27154 (Around $27963). which makes it possible for a retest of $22.8k to $24.3k levels. Even if we see some corrections in lower Time frames in the coming weeks it is highly likely that the 200 WMA will hold as support as the weekly candle for the respective week closes. So any dump below $26k could end up being a trap. Big wallets have accumulated a lot as per on-chain Massive outflows from the exchanges have already happened. Fundamentals are strong as well. Everything you see over CT and News is all to distract you. I've said this before in May 2020 when BTC was trading at $7400 This is the second time I am saying the same thing. So if you are thinking of selling your Bitcoins to buy back a little lower you will likely end up buying higher. better to look at the long-term perspective and stay bullish for the next 2 years. Bitcoin has broken its downtrend and we are going to make a new ATH soon. It is just a matter of time. Let me know what you think and do share your view sin the comment section. Do not forget to hit the like button to support my work. THANK YOU #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
6
BTC setting buyers territoryBTCUSD could be setting itself up for a buyers territory below with matching fib level. A recent higher high allows buyers to target previous resistance that could turn to support if rejected. - Higher high - Lower low pending - Previous resistance turned support if rejected - Matching fib level at the 50% mark with potential - With positive outcomes for BTC in the economic data could send higher PLAN - Hold for buy zone around 24-25k price - Look for double bottom higher high lower low
COINBASE:BTCUSD
by Youza
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin. Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction. On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth. However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price. It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
by CHOWTRADE
1
BITCOIN close to channel resistance and resistance area ❌🧨Hello 🐋 based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡 range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
9
Where is BTC at?Hey party people, Snake is back. It's been a while since I've done a review. Looking at the Bitfinex chart today, with one eye ofcourse, I did notice something interesting. On the Ichimoku the Tenkan crossed below the Kenjun on the 8th May. Bearish sign. But it has been chopping the last few weeks. But, in saying that, the price dropped below the 21 week MA on the 11th May. It has now crossed above the Tenkan, but the 21 week MA is holding as resistance at the moment. But, notice since the bottom in December 22 / January 23, it has not stayed below this MA for long. And the last bounce took about 34 days to produce ~56% gain. But, if we are in a bearish downtrend, then more downside is to come, and the Snake will not be happy. Keep fighting the good fight people. Peace and love and spicey rum. Happy Sailing Privacy Pirates. F.Society, F.Banksters, F.Politicians Best regards, Snake Plissken
BITFINEX:BTCUSD
by kryptologic
Bitcoin Head & Shoulders Activating!BITSTAMP:BTCUSD Head & Shoulders printed pattern. Watch for neckline break to confirm. Has busy support zone as highlighted. RSI oversold so you can enter on Bearish Retest or add to your positions. LONG: If the neckline fakes out then consider long opportunities. Plan A / Plan B - We move with price and prepare in advance. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by imr4nkh8n
BITCOIN range and correction before more gain 📖💡Hello 🐋 based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡 range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
12
Bitcoin -> The Turning PointHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite strong previous weekly strcture area which is now turned support again at the $26.000 level. You can also see that market structure and moving averages are bullish, Bitcoin is also creating a bullish uptrend channel over the past couple of weeks so I still do expect more continuation towards the upside from the current levels. On the daily timeframe you can see that market structure is about to shift bearish, yesterday Bitcoin managed to once again reject a quite strong previous daily support zone at the $26.800 level so we could still see some upside potential from the current support zone. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
43
#BTC/USDT Weekly Update.#BTC has been trading below the $30k level for the last 7 weeks. Maintaining the FWB:27K level. Right now, IMHO, the best thing to do is to wait for a break above FWB:31K to flip highly bullish. Break below $27154 and bears will take over. For now, It is simply sideways if you zoom out. I am Bullish in the long run but cautious in the short term. Leverage could be dangerous in these market conditions, especially the meme mania. Trade on spot but be careful with leverage. They don't want you to be rich, They want your #bitcoins. Hold till 2025! Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
COINBASE:BTCUSD
by Cryptorphic
4
BTC Facing Huge Sell Off This week.24.8K This week Is ImminentBitcoin touched 29K four times and we could tell big money is interested at that level because each time we touched that level big sell off happens. I have incorporated Supply/Demand Into todays video . very interesting concept that has been playing out in the range that we are in (27.2-29k) highly encourage you to watch this untill the end Once we lose 26.8 then 24.8 will come Please Support Me By Boost,Follow,Comment and sharing video Thank you for all the support and thanks again for watching.
Short
by pcmonk