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Btcusdtoday

BTC:Wait for the turning point Bitcoin is currently in its third consecutive week of decline and has fallen below the 22,000 support level. Given Federal Reserve Chairman Powell's suggestion that interest rates are likely to continue to rise in the foreseeable future, Bitcoin's price has broken below its previous resistance and hit a low of 21,598 US dollars. As the semi-annual monetary policy statement continues to affect market sentiment, both fundamental and technical factors have contributed to the price trend of Bitcoin. Higher interest rates have a negative impact on risk assets, including major cryptocurrencies, because holding cryptocurrencies does not generate interest income. As the commodity channel index (CCI) falls into negative territory, technical indicators suggest that Bitcoin may already be oversold. However, as Bitcoin's price lingers around the next psychological support level of 22,000, breaking below this level could further tilt the price downward. The 21,376 US dollar support level from February lows could become the next support level, but it may also be a new turning point. Nevertheless, it must be admitted that breaking this level could bring market attention back to the 20,000 US dollar level. Therefore, it is advisable to maintain a light position in trading. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily trading layouts. Thank you for your attention and likes. If you have any questions, feel free to leave me a message, and I will give you the most prudent advice. I hope I can help you.
Long
by FlashTrades_
4
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers. There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse. On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500. Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market. On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top. Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief. Recommendations for trading BTCUSD: SELL BTCUSD ( 24.200 - 24.000 ) Stoploss : 24.600 Takeprofit 1 : 22.700 Takeprofit 2 : 21.500 Takeprofit 3 : 21.000 BUY BTCUSD ( 20.800 - 21.000 ) Stoploss : 20.500 Takeprofit 1 : 21.700 Takeprofit 2 : 22.300 Takeprofit 3 : 23.500 Note: Always install TP and SL in all cases
B
by DNAchampions
Bitcoin Daily Looking BullishBitcoin PA still in Mid ground on ascending channel, currently finding support on the 236 fib retracement line and, if I am honest, Looking strong StochrRSI is now oversold so able to move up, RSI on 0 and with MACD close behind, all pointing towards PA being able to maybe go back to the upper trendline We also had the Golden Cross on 50 and 200 EMA, which posts a Bullish sign - Lower Timeframes, PA is getting squuezed between these two MA's and will react Obviously, PA could dip back to the lower trendlne and this would be triggered by fundamentals or DXY Over all, things remain GOOD for the crypto world
by Orriginal
BTCUSD 5mins scalping long entryHello traders, This is my second post today. Now we will look at COINBASE:BTCUSD . After waiting for a long time today, I finally missed the 5mins shorting opportunity as I was away from the system. But it met my profit target as I expected. But even if that opportunity is gone, now there is another opportunity to take a long entry from 24079.50 to 24291.00 . If this entry is suitable for you then analyze and get down to the long trade. Trade according to your qualifications Thanks & Regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
COINBASE:BTCUSDLong
by AlphaTradingStation
MATIC Long!!KUCOIN:MATICUSDT MATIC sitting in potential cup with breakout upside to 1.76 level possible 36%. On rejection can short to pullback for re-entry ideas for long to breakout. Better entry, retest of breakout level. Can look to enter on break and add to position on successful retest. LTF analysis can provide pre-breakout opportunity but watch for 21 to catch structure. MATIC news: 1. Doritos chips becomes latest brand to launch in metaverse with Polygon-based NFTs Polygon’s growing adoption by mainstream corporate giants including Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit. 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.
MLong
by imr4nkh8n
3
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC/USDT ANALYSIS BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating. BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank youvel of $21300.
by CRYPTOMOJO_TA
2
Bitcoin BTC Next Expected move on 4H CHARTHello guyz!! Bitcoin currently trading now at 22889$. from last 5 days bitcoin trading.... in a down trend. bitcoin bounce back expected from 224000$ ( if you want open trade in long at this price) if bitcoin brok 22400$ support then possible we see bitcoin price at 21100$ ( soo manage trade in proper way) CURRENTLY.... rsi indicator is bearish on 4H time fram chart. and macd indicator bearish toon on 4H tf. do trade at your own risk. follow me for mor more updates.
Long
by CRYPTOPLAYERS-01
#BTC BREKOUT BULLISH FLAG PATTERN!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC In the shorter time frame, BTC breakout this bullish flag pattern add retested it also according to the pattern Tactically we can expect a 10% bounce. We have 21, 500 as strong resistance Let’s see how the market reacts in a few hours. Analysis in the higher time frame - I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'. - According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k. - This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k - Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed. - Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again. - People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k. Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
8
#BTC is not looking good in the shorter time frame!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE BTC is making this bearish pennant pattern. BTC doesn't look good, According to the pattern if BTC did a break down then BTC can drop 10% after the confirmed retest. We have 16.5k and 15.5k as support If BTC breaks out this upper resistance then the pattern will be invalidated. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
17
#BTC Be Patient, Big things Take time Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #Bitcoin Long Term Technical Analysis:- In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently at the lower level of this pattern. Which is at 1428D long Strong support also BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point. I am accumulating BTC in this range and what if BTC drop towards 11k to 12k then I will buy more, no one can catch the accurate bottom. TARGET:- 73k, 90k, 150k, This is not a piece of financial advice. (DYOR) This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
22
#BTC is not looking good in the shorter time frame!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE BTC breakout this rising wages pattern and currently retesting it. BTC doesn't look good, According to the pattern BTC can drop 10% after the confirm retest. If BTC breaks out this lower resistance then the pattern will be invalidated. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
15