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Btctrading

BTC Trading Signal: Target 40000 BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance. If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high. The long-term goal is still at 40,000! Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
Long
by EagleEyeStrategy
2
BTC Trading Signal: Go Long In the opinion released last Saturday, I clearly told everyone that if you break the trend line, you can go short, support 28600-28200, and go long near the support, with a target of 29000. Both transactions are perfectly completed. Today, Bitcoin fell below the 28600-28200 support, which has turned into resistance, and the support moved down to around 27200. After a continuous decline, the 30m chart pattern has a rebound demand, so the next transaction is mainly to do more at low levels, and the upper resistance focuses on 28200-28600.
Long
by EagleEyeStrategy
BTC: Go long first, then short BTC3h chart, double-top pattern, this pattern usually means a decline in the market, and the larger the level of the chart, the greater the decline. The important resistance is around 28,000 and the support is around 27,200, but the current pattern is a double-top, so I think it will fall below The probability of support is extremely high, so my trading point of view is to short. Trading Signals: buy: 27500-27400 tp: 27950 sl: 27100 sell: 27900-28000 tp:26700 sl:27200 Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Short
by Roey_
BTC - Are we in a Bull Market?Hi guys. Welcome to my Macro TA analysis on Bitcoin and the bull case. I like to use different tools to see if i can find patterns that things clear, especially for long term/ macro trends. Since it is becoming more likely that we are in the beginning stages of a bull market atleast for bitcoin. Its now necessary to keep an eye and find confluences. What i have on my charts today are: 2 moving averages Blue line = 50 month moving average Yellow line = 21 month moving average 2 indicators 1. Wave trend oscillator 2. ADX and DI These 2 indicators i like because they help establish direction of trend by marking overbought or oversold areas. Gives somewhat of a picture on momentum as well NOw lets first look at our moving averages the Blue and Yellow lines. Just looking at the placement of the candles in relation to the lines. Anytime we are above the yellow, we are in a bull market Anytime we interact with the blue, its marked a solid BUY opportunity. But taking a focus on the yellow line, as to stay on topic with our title. The green circles highlight everytime we've interacted with the yellow line coming from the blue line. Very important to highlight this, as we are CURRENTLY in the process of interacting with yellow line. We are also going to close APrils monthly candle, so how we react to the yellow line is key to knowing if we are indeed in a bull market. OUr previous data points (2 in #), which is not many. Indicates that it takes 1 candle to hover right below yellow line, BUT the next monthly candle breaks through the yellow line. So perhaps MAY we do get above yellow line. Remember, however that this does not mean its definite. It is not a definite or sure thing we repeat history. Its more about probabilities. But one way to use this in trading, would be to see what we do in May and June, and if their is a confirmation candle during Junes close. That can be an opportunity to get in for the entire duration of bull market. Now lets look at the 2 indicators. 1. Wave Oscillator -> Normally i use this in a way to determine buys and sells. And i would buy if the green line goes to the lower horizontal dotted green/ lined green combo at the bottom. And sell when the green line gets over the red horizontal line. But what im using this now for is how it moves or reacts when we get to yellow line. What i came up with is, mainly looking for curvatures and placement of green line with red dots. From previous 2 green circles, green line has to be on top of the red dots and the green line should be curved upwards. Currently we have both of those happening and we are at a lower low compared to previous times we repeated this. This is a great thing but there is a slight danger. Since this indicator is creating a lower low and price action is creating higher low as indicated by the white trend lines. This is a bearish divergence. We need to be watchful of this. If this plays out, we can see drop in price. Probability of this playing out for now is low as well. 2. ADX & DI - For this we have to note the white boxes drawn. These atleast the previous one, indicates a bear market. Ive highlighted the 2015 area because it is similar to how we are acting on ADX DI currently. One thing to note and in this chart goes against the bull case or has not yet confirmed yet. Is that the white line or moving average, needs to be curved/ pointed UPWARDS to indicate a bull case. And we must keep an eye on this as well. Currently we are showing a bull cross of green line being over the red line which is a good sign so far. If in the next couple months, the white line does curve UPWARDS. That would make this inddicator supportive of the bull case, in my opinion. CONCLUSION: AS per this analysis on the MOnthly time frame. We are still not yet in a CONFIRMED bull market. However, the current interactions with the yellow moving average, the upward curve of the Wave Trend Oscillator and its green line being on top of red dots indicate we are perhas 1 to 2 months away frm confirming. We have to keep observing the ADX and its white line particularly. If it curves up, this will support the bull case. One danger is the bearish divergence on wave oscillator. But remember confluence is more support of divergences, meaning if multiple indicators 3+ are showing it, it may be MORE likely. So it is something to search for. (be on the look out for an analysis lo0king for divergence). All in all, we could be in the beginning stage of a BULL MARKET, and next 2 or so months will be crucial for BITCOIN, how it interacts with yellow line if above or if pushed lower, if ADX white line curves up and if wave trend oscillator cointunues its upward trajectory towards red zone. Hope this sheds some light on Bitcoin. If you enjoyed this, please boost, follow and if you have any thoughts of your own COMMENT. I'd like to know what you think. Also ill be posting updates not only for crypto but other markets as well. DISCLAIMER: This is not financial advise, i am not a financial advisor. The conent expressed here are my opinion only and for educational purpose. Always remember to focus on risk management when trading and to protect yourself with stop losses.
BITSTAMP:BTCUSD
by SafofAllTrades
BTC Dominance Resistance BTC Dominance Resistance The over extended RSI combined with the parallel channel resistance suggest BTC dominance would likely turn to the downside as it has done in the past. I estimated the downturn to be 7 - 12% at least but its done more damage in the past declines. I also think there is a possibility that BTC dominance could surge with a BTC price surge into the red dashed line of long term resistance and get rejected here with that 7 - 12% pull back to the 50 MA. I have included arrows with these scenarios. These are small moves i know but if you are trading alts or BTC these trigger points could help flip from one to the other, or at least help indicate alts are gaining steam. If we got an alt seasons or it eth took a run here we could see the BTC dominance take a hit. Recognize a decline in BTC dominance does not necessarily mean the price of BTC will decline, it could just mean that Ethereum or other alts are out performing its price action temporarily. I actually think BTC looks very strong at the moment, and as a long term holder I'm not toying with my position. Its a very simple chart that offers perspective in the BTC/ALT dynamic. I actually did share elsewhere with a little blue birdie before we got that weekly falling star. I only mention this so you know this isn't a reaction to that falling star. I had predicted a pullback before we got it. I hope this chart can help you with your positioning in the crypto market in the near term. It should not be used in isolation but as more as a tool to help derive what direction the general wind is blowing in for alts and BTC. Happy Trading Folks, have a great weekend PUKA
CRYPTOCAP:BTC.D
by PukaCharts
BTC USD SELLERS COMING SOON FOR THEIR CHANCE {06/APRIL/2023}Educational Analysis says BTC USD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why short? I have mentioned the reason why it will move down from here. selling pressure build-up. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. ENTRY - 28,523.85 STOP-LOSS - 28,754.65 TAKE PROFIT - 15,767.21 THE RISK-TO-REWARD RATIO IS 1:55.27
BITSTAMP:BTCUSDShort
by VishalBudhrani
BTC/USDTThe current trend is upward, but we have three situations ahead of us 1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable. 2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it) 3- It can descend from here and break the bottom of the channel and move towards 20k. But in case of decline, it will definitely be supported by ma100. And a very important point: At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them. My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.
by mohsenomidy