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Bitcoinupdate

BTC Gearing Up!BINANCE:BTCUSDT BTC is in a falling wedge and at support. Has 68% chance to breakout, however, overhead resistance from price structure and 4h 50MA (yellow MA). Break and hold, look to LONG. If the white level is lost look to short but watch for a fake out. The market doesn't have volume, let it provide direction and execute Plan A or Plan B. 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.
Long
by imr4nkh8n
Bitcoin Forecast & Idea Update 🧐⭐⭐ After the announcement of the US Consumer Price Index rate and the strengthening of the US dollar, the decline in the price of Bitcoin is expected to continue until the end of the week. ------------------------------ 🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
1
BTC UPDATE #BTC UPDATE 5 : In 1D TF symmetrical traingle scenario upper lines always rejected if price hitting CPR lines than we are aware uppper line of symmetrical traingle must also broken around 22000 so even we have impulsive movement in short term than please wait for the price to breakout resistance line before taking any trade but if we are going to get rejection around that area then we can use this opportunity to short the market towards 19000 to 18000 area because Monthly S1 line is target for September Month as discussed in BTC UPDATE 1.
Short
by theprofitstation
BTC UPDATE#BTC UPDATE 2 : In 1W TF very very interesting scenario or can say big warning sign is flashed i mean whenever stoch rsi the orange line crossing above blue line and also stoch rsi side around overbought area after that price of Bitcoin corrective movement in weekly TF. If you will look in chart will be very clear nowsl stoch rsi is already a bearish stoch rsi according to stoch rsi we could be seeing a very very similar scenario just like from past i mean some consolidation and again breaking into downside so that's why the profit station family members even we see some relief rally here in short term it doesn't mean reversing.
COINBASE:BTCUSDShort
by theprofitstation
BTC UPDATE #BTC UPDATE 1 : In 1W TF combining Wyckoff's Distribution Phase a big warning sign being flashed right now we are finding self is Phase E according to Phase E definition as shown in chart also by this link () this is playing very very accurate, So we have to be extremely careful because the area we are right now is Phase E and usually in Phase E after some consolidation starts in downward movement that was big reason i discussed you () Wyckoff's accumulation breakout because we know we need a proper accumulation before markup phase, So this is big big warning sign.
BYBIT:BTCUSD.PShort
by theprofitstation
Bitcoin forecast| signal updateAs mentioned in the previous Bitcoin forecast ( yesterday BTCUSDT ), after breaking the Uptrand channel (at the point I have shown), the price fells to the $20,000 price range. After a return and pull-back to the price range of $20,500 and $20,900, we see the continuation of the downtrend to the historical price, and the resistance zone of $19,000.(this pull-back and fall again takes about 2 or 3 days) After that, the price falls again to the important and strong resistance of $17,500. My forecast is that it will swing between the prices of $17,500 and $19,500 in a horizontal and neutral channel for a while. and my second forecast and possibility is a quick drop and a hit at the price of 10,000. (It is a weak possibility, but not so far ) this is my longterm forecast for Bitcoin or BTCUSD --------------------------------------------------------- Dear Traders Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
2
BTC UPDATE // BITCOIN UPDATE#BTC UPDATE : In 1D TF according to CPR indicator bitcoin did pretty exactly what i discussed earlier because i was expecting relief rally towards bottom CPR line and after reaching bottom CPR line we we expecting rejection and if we see the price action is doing exactly like my previous update so now it is considered as very bearish scenario why because getting rejection at bottom CPR could be showing reversal towards downward area where we are looking monthly S1 line as our potential upcoming target around 19800 area.
COINBASE:BTCUSDShort
by theprofitstation
Bitcoin Update 5 #BTC UPDATE 5 : In 1D TF Today appeared the most reliable indicator buy signal Hash Ribbons. This indicator is based on hashrate moving averages and has a 100% accuracy. To be honest this signal looks quite odd at this kind of market, however, it really reminds me of January 2019 buy signal. I even compared the charts, they look similar. Of course it doesn't mean that price of Bitcoin will make a reversal exactly today, but it means that bear market will end in the near future, probably before the end of 2022, Or maybe this will be the first wrong signal from Hash Ribbons.
Long
by theprofitstation
1
Bitcoin update #BTC UPDATE 2 : In 1D TF already awared about CPR indicator. Unfortunately CPR lines was not able to find support at any of the CPR line which is clear sign of weekness but now has clearly broken the support from top, central and bootom CPR line now we are between bottom CPR line and monthly S1 line so according to this CPR indicator bootom CPR line is going to be acting as a very very strong line of resistance around 21500 - 21600 range and our target is lying around 19820 area and this lower target makes lot of sence even a relief rally now we are going but focus more on this lower target area, This monthly S1 line of August Month of Bitcoin.
COINBASE:BTCUSDShort
by theprofitstation
Bitcoin update #BTC UPDATE 1 : In 1D TF already awared this dad cat bounce scenario, According to rising wedge target is 19800 to 20000 if you look Fibonacci lines very very clear the price of Bitcoin rejected at 50% retracement as shown in example since then we are clearly heading downside why because look at point 4 usually indicates now the price is going to follow original trend and this is downtrend that's why now price is holding the support from0.236 Fibonacci line around 20900 as soon as this support broken because it might be temporarily support can see some bounce that area then again showing weakness towards lower target area.
Short
by theprofitstation
BTC UPDATE : Support Lines#BTC UPDATE : In 1D TF ascending broadening wedge upper line rejected couple of times today i add all support lines as we already discussed earlier in Upper Updates 1) rising wedge scenario : we have to break from this wedge because we know support from rising wedge still around 23600 area and even if this is going to be broken then next important support is 2) moving averages 20MA & 50MA which is going to be very very important line of support around 23500 to 23000 range and add 3) CPR lines also going to be most important support around 22700 area. 4) Add 200WMA if you look in chart blue line is the 200WMA since the price of Bitcoin is above it the same line is definitely very very strong support line for bitcoin Now you can see The Profit Station Family between price range of 22500 - 23000 area we have some very very strong line of support lying so even if the price of bitcoin is going to break the support, so expecting continuation showing manner towards 25000 - 26000 before choosing trend direction.
COINBASE:BTCUSD
by theprofitstation