Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 21651 (stop at 21097)
Trading volume is increasing.
A break of resistance at 21630 should lead to a more aggressive move higher towards 22000.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 22877 and 23177
Resistance: 21630 / 22000 / 22500
Support: 21000 / 20600 / 20250
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Btcusdlong
We’ve bottomedI copied the chart from the 2012 halving to the 2016 halving which is what you see above the current chart. I also copied the area between the 2016 halving and the 2020 halving which is what you see under the current chart. I then placed them exactly at the start of the 2020 halving and stretched them to the next approximate date of the next halving. Done.
Yes, it can be this simple. No fancy trend lines or over-analyzing the chart. As the old saying goes, “History doesn’t repeat, but it does rhyme.” I’m sure everyone is sick of hearing it, but it’s true. See you at the top.
BTC/USDT :: Back to support lines .BTC/USDT :::
The price increase is temporary and will show its price drop in the next few days .
The expression of this idea has been proposed in relation to a previous idea, however, the price may try to enter the range of $35k, but the attraction of the bottom of the channel
It is very strong.
BTC Bears SLAUGHTERED, Will BULLS HODL $20K?Hi Traders, Investors and Speculators of the Chart📈📉
In my previous analysis, I've pointed out how the technical indicators such as LSMA, RSI and Bollinger Bands were pointing towards 22K for Bitcoin. The market's have been overwhelmingly bullish, with green candles across Gold, Silver, DXY and most altcoins. It's safe to say that the markets are expected to take a breather soon, and now might be a good time to secure those profits because the largest question of all remains to be seen : Was this one big bull trap where overleveraged longs will soon be struck down, or is the bottom in and this is the beginning of a new bullish cycle?
This remains to be seen and I expect more clarity on this with the next pullback (which are healthy and common). When we pull back remains to be seen if $20K can be held and defended by bulls. If we can keep closing above $20K and not under, you can even consider opening a long there incase you're late and missed the rally.
I suspect the markets will see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
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BITCOIN: IN NEED OF CORRECTION. BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance.
Thank you for reading. Trade safely.
Downtrend break out BitcoinI found that the sentiment is bullish if downtrend break out on logaritmic scale at the same time volatility and rsi cross up 50 level. Although RSI should cross up volatility too which did not happen yet. Also if I draw the trendline from the close price the break out will not occur yet.
BTC/USD Weekly chart#BTC - weekly chart shows that the current sentiment is bullish, meaning that the value of BTC is expected to increase. There is a trend line forming that indicates a potential rejection, but there are also resistance levels at the same intersection point.
If we look at the past history of the chart, we can see that it has certain patterns that repeat.
However, it is important to keep in mind that this is just a probability and not a certainty .
In the coming weeks, I expect to see a strong pull-back. In the short-term, we are still bullish as long as the opposite isn't shown.
For investors, this is a good opportunity to balance their portfolios.
It's important to stay safe and not to make hasty decisions out of fear of missing out (FOMO)
Take care guys!
#BTC is up 30% in 14 Days. What's Next?Bitcoin is up 30% in the first 2 weeks of 2023.
This is a fantastic development in price.
Everyone who doubted my analysis is silent now.
When BTC wants to break No resistance can stop it.
Feels like May 2020.
Keep in mind Risk Management is necessary atm.
Stay in BTC, Scalp Alts. This is my plan.
The following Resistance levels to watch are $21300 and $22800 and $24300.
With a little correction, I am expecting these levels to be taken out in a few weeks or maybe days.
I have posted hundreds of updates on other social platforms indicating the best time to buy is around $16k.
I am still holding the BTC Long and I feel, The trend is changing no matter what they say.
Although the real Bull Market will begin in 2024, BTC can reach $30k from here.
Let me know what you think, and do hit the Boost Button to support my content!
Stay safe
#PEACE
BTC Bullish Pennant on 2Hr TFPresently BTC is forming a bullish pennant chart pattern on 2hours time frame. If BTC is able to break out of the pennant, it has a major resistance level to break at the yellow level. If that is broken, we can then resume the uptrend, else the price would crash down.
The major indicator to watch again this week is the #DXY which i guess may have a temporary pullback once the FX market opens on monday, this mat cause a reversal for the general market in a short time
Reasons to be bullish here for Bitcoin : The following are the Reasons why i am bullish on bitcoin.
1- Weekly RSI Breakout
2- Weekly bullish divergence
3- Longest bear market ever
4- Weekly buy signal in supertrend
5- Price above bullmarket support band
6- Breakout above key resistance zone
7- Bearish retail sentiment
8- RSI Trend breakout
Lets see how the market rewards us for the upcoming few months...
Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k