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Usdbtc

Bitcoin can bounce from 7500$ Keylevel or Fake Breakout of 7800$I think the possibility is high that Bitcoin will bounce from the 7500$ Keylevel and from the 30-20 RSI Level. We have a very strong Support at 7500$ and the possibilty is high that Bitcoin will form a second and a third mountain, so that we have a 3 Mountain formation. Also the weekly 50MA should acts as an strong support. It is also possible that the Breakout of the very strong Support 7800$ was just a fake breakout which would also be an very bullish sign. However we also need to talk about what happens if Bitcoin breaks the 7500$. In this case this would be a very strong bearish sign and Targets from 7000$ - 5000$ would be possible. So my recommendation is to wait for a bullish confirmation signal and than open an long. A good Bullish confirmation Signal would be a daily bullish candlestick pattern (Bullish hammer, Engulfing, etc.) or the break of the 7800$ resistance. Open Long at: 7900$ | Stop Loss(7350$) Open Short at: 7300$ | Stop Loss(7650$) Long Targets: Lowest possible Target: 8500$ Realistic possible Target: 9400$ - 10200$ Highest possible Target: 12300$ Short Targets: 7000$ - 5000$ These are just my thoughts, the information provided is not a financial advice.
BITFINEX:BTCUSDLong
by L49Trading
Shoulder Head Shoulder and Descending TriangleAt the Moment the BTCUSD is making an massive Shoulder Head Shoulder Formation. It also broke the RSI Support Trendline. And there is an incoming Deathcross from the 50 MA and the 200 MA. All of those are big Signs for an Bearish Trend. But i think the biggest formation at the Moment is countering all of those bearish signs. The biggest Formation is an Massive Descending Triangle which could result in an very big Bullish Momentum. The Support of this Triangle is the 7500$ Support line which is very strong. Even if the 7500$ Support breaks there will be many more support lines which could build another big Triangle. We could also see an big downward Trendchannel but i am not sure if this Channel will hold. However it is possible that the price will follow the Trendchannel. So it could result in an Target down to 5000$. But i think the odds are higher that the Price will follow the Descending Triangle, and if the price breaks out on top of the Triangle this will result in an massive bullrush. So the Chance/Risk ratio is very good for this Long. These are just my thoughts, the information provided is not a financial advice.
BITFINEX:BTCUSDLong
by L49Trading
8
BITCOIN TO Mid 6KBitcoin is has been stuck in a descending channel since August and does not look like it will break through any time soon. Look for one more lower low before the next halving BULL RUN. I am not currently in a short position, I might enter one if Bitcoin retests $8,000. That would be my best entry point, but might be too late for that. Just my thoughts on the current market. Right now there is NO HYPE, NO ETF, NO DEMAND. Could be another bloodbath coming soon. I do have a HODL stash, so I hope this is quick and as painless as possible
COINBASE:BTCUSDShort
by noahkeene
Bitcoin Short, most probably Trendline will holdBitcoin has build some strong resistance here. So i think the possibility is high that Bitcoin will go down now, however there is a small possibility that it will break through the Trendline and bounce down from the 8500$ resistance. Another Indicator is that Bitcoin in 1h is highly overbought at the moment. But Bitcoin in 1D is oversold so we should not be to confident. My advise would be to open an short if Bitcoin dont breaks that Trendline. These are just my thoughts, the information provided is not a financial advice.
BITFINEX:BTCUSDShort
by L49Trading
Bitcoin testing 21 EMA resistanceThe parabolic bull run ceased a little over two weeks ago when we decisively dropped below the 21 EMA... but this week we are making the second attempt to push back above what has since become strong resistance, especially as it lies just above the $10,000 psychological level. Expect us to move between the 21 and 55 EMA (in the $9150-$10150 range) for the next few weeks, before BTCUSD finally chooses if we are breaking up or down. Here is the link for my free EMA/SMA indicator , offering key areas of potential strong support & resistance . Also save crucial space on your Trading View chart by utilising my free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
COINBASE:BTCUSD
by BCryptological
2
Bitcoin vs. Gold - which will perform better?Many 'analysts' say, Gold has just printed a second weekly shooting star candle in a row, you've got to short it! But how does it really look like in the long run compared to Bitcoin? The chart above shows you how many Bitcoins could be bought for one ounce of Gold over time. What do you see? To me it looks like we might be just past the bottom of a channel going up, don't you agree? If this assumption were correct, that would mean selling crypto, buying Gold, but this is just such a crazy idea and I can always be mistaken like any of us. So think about it for yourself and do what is best for you according to your own judgement. Take care & have a great day.
FX:XAUUSD
by ReallyMe
5