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Btcusdlong

BTCUSDT : Is +130% Likely ? Fractals😨 Hi Traders, Investors and Speculators of the Charts 📈📉 In today's analysis, I take a look at a fractal that played out on Bitcoin from 2018 - 2019 over a few months. Fractals can be very helpful to give an idea how the price action behaves after certain trends, which is where trend lines become especially useful in conjunction with fractal strategy. I think the chart is self explanatory, but feel free to pop me questions in the comments section. I believe there is an important balance between trend line analysis / chart analysis, and technical indicator analysis. I find that trend analysis ( trend lines, support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term. Important to note that today's analysis is focused on near term, in other words not exceeding 3 months. According to my technical analysis on BTC yesterday, I expect the price to correct for the immediate term. Yesterday, we discussed my two favorite technical indicators : the Phoenix Ascending and Bollinger Bands . Together, they point to harsh short term selling pressure. Bears have taken control for the immediate term, and according to the BBands, 19K is a next likely stop for the short term. See more details below: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
33
BITCOIN UPDATE: WHAT IS THE TRENDThe question of BTC was if it could surpass the crucial 24K level, which marks the difference for a new bull market. So far, BTC has not yet confirmed the 24K, which means that the trend still looking for key action and it can stay for some time stable before a new breakout. From a long-term perspective, a BTC value above 18K is seen as positive , and 20K is important for the trade view that BTC should hold it. As for the current trend, there is a good chance that the volume activity can have a new volume in the range between 21,400 and 21,700. This range is considered a volume zone where BTC can have some gains. IF BTC is not able to hold this zone, then it should, at last, holds the 20200 USD as the most important zone. BTC for a low time frame BTC is still in a breakdown trend from the important key level of 24K, but it means not that it's broken into a confirmed downtrend as there is a good chance BTC will return to up 23K. Markets change with time, and it's important to stay updated with last trends in the price action of BTC.
Long
by Goldenbreakout
8
Updated longterm BTC chart: The road to 1 million.I am a BTC bull, but I see far too many overly optimistic price projections on tradingview. They seem to draw an exponential channel, instead of the current one, that is curved. While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend, I like to be more conservative. Because as of now, there is still no reason to believe that BTC will do so, only because it has pumped now already 6 months earlier than 4 years ago. This could just mean that we also reach the peak 6 months earlier. The fundamental price drivers will remain the halvings and mainstream adoption. We can also clearly see that the factors between the subsequent peaks is diminishing every time. From x38 to x16 and now probably to around x6 and so on. It cannot just continue to do the same increases again and again, then we would have prices of 100 million USD by 2025 or some insane stuff like that. That is not very scientific but sensationalist, and we should remain realistic here, even if that means being more conservative. Conservative with 1.3 million in 2030 LOL. Try telling that someone in the stockmarket hehehe! Anyways, there is indeed the chance that BTC leaves this channel and creates a faster rising one, but the future datapoints are not here yet, so we must use the past points for extrapolation. But no matter what happens, I am convinced that BTC mainstream adoption WILL happen. It's not an "if" question, but a "when" question.
BNC:BLXLong
by SebastianofMoon
52
BTC: 6.5% VOLATILITY AFTER THE FOMC.Hello traders, I hope you guys managed to make some profit after the FOMC meeting. We saw good volatility in the market with BTC reaching $24255. A 6.5% red and green gave a good opportunity for both bulls and bears. Yesterday's trade was purely meant for scalping and if you were smart enough then you could have made some extra cash. Anyways, in this 3 hours chart, BTC is currently trending under a rising wedge pattern which shows some possibility of rejection in the market. If you are still holding this trade or thinking to enter then $23.1k will be a good buy zone with SL at $22.1k. If BTC manages to break and close above the upper resistance trendline then better wait for confirmation and traders holding the position can enjoy the profit. For now, I am placing my buy orders at the bottom trendline. What is your strategy? Let me know in the comments. Trade safely.
by Dexter_The_Trader
5
BTCUSDT trading inside weekly resistance zoneThis weekly resistance range is indeed a strong one as price is not able to easily move above it even on intra week basis. However, once price trades above this resistance for a a day or so it is more likely that the weekly candle will close above this resistance zone. By looking at the several attempts and the price trading longer in the resistance zone rather than below it, suggests the probability to break it further up side is higher. And that increases the probability for the weekly price to close above this weekly resistance zone higher.
Long
by angela_altair