#BTCUSD Technical Analysis

[mekongmonkey]

With #bitcoin back above the 200-week SMA, much higher prices are the most likely path forward. However, the resistance level at $28.8K remains unbroken for now.

[whatisforextrading]

he technical analysis of BTCUSD across multiple time frames suggests a bearish outlook for today. With resistance on both the daily and 4-hour charts and a clear downtrend on the weekly chart, the market is likely to move lower. As always, ensure to follow sound risk management practices and stay updated with market news that may impact price movements.

Artticle : Urgent BTCUSD Sell Alert! Todays Forecast Could Signal Major Drops

Link : https://blog.forextradingarena.com/2024/09/urgent-btcusd-sell-alert-todays.html

Join Forex Trading Arena WhatsApp Channel Link : https://whatsapp.com/channel/0029VaYzWPfKLaHjXZhv6u0n

[mutange12]

BTCUSD outlook on Tuesday 20/8/2024

The outlook for BTCUSD on Tuesday, based on recent trends and sentiments from X posts, suggests a cautious approach: Price Movement: Bitcoin has shown volatility, with recent highs around $61,444 and lows at $59,591 over the last 24 hours before the current date. The price has slightly decreased, indicating a bearish short-term trend. Technical Analysis: There’s mention of Bitcoin testing and…

[financialnewshub]

Ethereum poised to 50% surge this year against Bitcoin — Fractal analysis

Ethereum’s native token, Ether ETHUSD, will likely explode by over 50% versus its top-ranking rival, Bitcoin BTCUSD, in the coming months, according to a technical setup called the inverse-head-and-shoulders (IH&S). ETH/BTC breakout setup resembles 2021’s 140% surge Notably, an IH&S pattern is characterized by the formation of three troughs below a common neckline resistance, such that the…

[market-news-24]

Bitcoin's price is showing bearish signals, indicating a potential continuation of the downtrend. Experts are predicting that BTC could drop below the $60,000 mark in the near future. This development has caused concern among investors and traders, as the cryptocurrency Market braces for more volatility. Stay updated on the latest price movements to make informed decisions about your Bitcoin investments. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Bitcoin's price has taken a hit, dropping below the $61,000 mark and the 100 hourly Simple moving average. The decline started after failing to break through the $62,000 resistance zone, signaling potential further losses. A bearish flag pattern was broken with support near $60,950, indicating a downside risk for BTC. The next key level to watch is $60,000 - a break below could lead to more losses towards $58,500 and possibly even $56,650 in the near term. On the upside, immediate resistance is seen near $61,200, with major resistance levels at $62,200 and $62,500. If Bitcoin manages to break above the $63,500 resistance zone, it could pave the way for a move towards $65,000. Technical indicators show the MACD gaining pace in the bearish zone and the RSI for BTC/USD dropping below the 50 level. Keep an eye on support levels at $60,500 and $60,000, while resistance levels are at $61,200, $62,200, and $62,500. Stay updated with the latest developments on BTCUSD on TradingView.com. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. Why is the Bitcoin price signaling a bearish continuation? - The Bitcoin price is signaling a bearish continuation due to ongoing Market trends and analyst predictions pointing towards a downward trend. 2. What could cause Bitcoin to drop below $60K? - Bitcoin could drop below $60K due to a combination of factors such as Market volatility, investor sentiment, and external events impacting the cryptocurrency Market. 3. How accurate are Bitcoin price signals in predicting Market movements? - Bitcoin price signals are generally considered to be reliable indicators of potential Market movements, but they are not foolproof and should be used in conjunction with other forms of analysis. 4. Are there any specific indicators to watch for bearish continuation in Bitcoin price? - Some common indicators to watch for bearish continuation in Bitcoin price include declining trading volume, bearish chart patterns, and negative news affecting the broader cryptocurrency Market. 5. What should investors do if Bitcoin drops below $60K? - If Bitcoin drops below $60K, investors should consider reassessing their investment strategy, securing profits if necessary, and potentially looking for buying opportunities if they believe in the long-term potential of Bitcoin. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds

Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[melvajoy]

Understanding BTCUSD TradingView: A Comprehensive Guide

Bitcoin has become one of the most valuable assets in finance. It's a digital currency that allows for peer-to-peer transactions without intermediaries. The value of Bitcoin is constantly changing, and this has made it a popular asset to trade. If you're interested in trading Bitcoin, you must use a platform that offers BTCUSD TradingView charts. This comprehensive guide will explain BTCUSD TradingView and how to use it to trade Bitcoin.

BTCUSD TradingView is a platform that allows traders to analyze and trade the price of Bitcoin. The platform offers advanced charting tools, customizable indicators, and social networking features that enable traders to collaborate and share their insights with other traders. TradingView has become a popular platform among traders due to its ease of use, robust feature set, and vibrant community.

What is BTCUSD TradingView?

BTCUSD TradingView is a trading platform that provides real-time data and advanced charting tools for traders who want to analyze the price of Bitcoin. The platform is designed to be easy to use and offers a wide range of features that help traders make informed trading decisions.

Features of BTCUSD TradingView

Advanced Charting Tools

BTCUSD TradingView offers a wide range of advanced charting tools that allow traders to analyze the price of Bitcoin in real time. These tools include various chart types, such as candlestick, line, and bar charts, and a range of drawing tools that allow traders to create custom indicators and patterns.

Customizable Indicators

BTCUSD TradingView also offers customizable indicators allowing traders to create unique trading strategies. These indicators can be based on technical analysis, such as moving averages or stochastic oscillators, or they can be found on fundamental analysis, such as news events or market trends.

Social Networking Features

BTCUSD TradingView also offers social networking features that allow traders to collaborate and share their insights with other traders. Traders can create custom watchlists, share their trading ideas, and even follow other traders to see what they're trading.

By making it easier to link your TradingView tactics to the exchange of your choice, Tickerly, a user-friendly trading automation solution, attempts to close this gap.

Using Tickerly to Automate BTCUSD TradingView Strategies

It's time to automate the execution of your successful BTCUSD TradingView strategy after you've identified it. Tickerly offers seamless connectivity with TradingView, simplifying the procedure. Set up alerts on TradingView that activate when certain conditions are met to link your preferred strategy to Tickerly. The platform will handle the rest, carrying out your trades by the logic of the strategy, when you link these alerts to Tickerly's web service.

Making Your BTCUSD TradingView Strategies More Specific and Effective

The flexibility to alter and improve TradingView tactics to meet your unique requirements is one of their benefits. You can fine-tune your strategy to maximize its performance for the BTCUSD pair by changing settings or adding different indicators. Your trading automation setup will be updated instantly with Tickerly's seamless interface with TradingView whenever you change your approach.

How to Use BTCUSD TradingView

Creating an Account

To use BTCUSD TradingView, you'll need to create an account. Creating an account is easy and only takes a few minutes. Once you've made your account, you can access the platform's charting tools and other features.

Chart Navigation

Navigating BTCUSD TradingView's charts is easy. You can zoom in and out, scroll left and right, and add custom indicators to the chart. You can also customize the chart's appearance by changing the colour scheme, the chart type, and the background.

Adding Indicators

BTCUSD TradingView offers a wide range of indicators to add to your charts. These indicators can help you analyze the price of Bitcoin and make informed trading decisions. You can customize the indicators by adjusting their parameters and colours.

Trading with BTCUSD TradingView

Once you've analyzed the price of Bitcoin using BTCUSD TradingView's charting tools and indicators, you can start trading. Trading on BTCUSD TradingView is easy; you can do it directly from the platform. Click on the "Trading" tab to buy and sell orders for Bitcoin.

Best Practices for Trading Bitcoin with BTCUSD TradingView

Technical Analysis

When trading Bitcoin with BTCUSD TradingView, it's essential to use technical analysis. Technical analysis involves studying the price chart to identify patterns and trends. Doing so lets you predict future price movements and make informed trading decisions.

Risk Management

Trading Bitcoin is risky, and managing your risk carefully is essential. One way to do this is to use stop-loss orders, which automatically close your position if the price of Bitcoin falls below a certain level. It's also important to never invest more than you can afford to lose.

Staying Up to Date on News and Events

Bitcoin is a volatile asset, and its price can be affected by various news and events. By staying current on the latest news and events, you can make informed trading decisions and stay ahead of the market.

[etiennekissborlase]

Dollar Index Loses Key Level: Bitcoin Cleared For Liftoff?

Dollar Index Loses Key Level: Bitcoin Cleared For Liftoff? https://bitcoinist.com/dollar-index-loses-key-level-bitcoin-liftoff/ Bitcoin price is experiencing a pullback as this content is being typed. But after last night’s close in the DXY Dollar Currency Index, the top cryptocurrency could be cleared for liftoff. The dollar lost a key level that in the past that led to some of the largest rallies in BTC history. Correlations Between Crypto And Fiat Currency Correlation is commonly found to some degree across almost all assets. It is rare that two assets show no correlation, and instead tend to exhibit strong and weak, positive and negative correlations. Technical analysts or investors look at asset correlations for diversification purposes, and to reduce risk in a portfolio. For example, a crypto-heavy portfolio wouldn’t benefit much from adding tech stocks due to a strong correlation. It could even increase risk as an entire portfolio draws down at once. Few assets are as negatively correlated as Bitcoin versus the dollar. This is because the most dominant trading pairs feature both BTC and USD. In the trading pair BTCUSD, BTC is the base currency, and USD is the quote currency. This is precisely why the DXY Dollar Currency Index losing a key level could have a dramatic impact on the price per BTC. Why The Dollar Dropping Means Bitcoin Popping The DXY Dollar Currency Index is a weighted basket of top currencies from around the globe. None of which are Bitcoin. However, there is no better measure of the strength of the dollar than the DXY. In technical analysis, higher timeframes produce the most dominant signals. Not all timeframes are treated equally, so experimentation can provide early clues about what’s to come. For example, the 4-week timeframe trims just 2-3 days off each one-month interval. This timeframe yields slightly earlier signals than the monthly. While the monthly DXY is resting upon the middle Bollinger Band, on the 4-week timeframe the level has already been lost. The last candle close finished below the 20-period SMA, which makes up the basis of the upper and lower bands. How does this have anything to do with Bitcoin, you ask? When USD was strong in 2022, it crushed BTC on the trading pair. If the dollar is poised to plummet, then the BTC side of the trading pair should soar again. In fact, each time the DXY lost this level, BTCUSD had one of its largest rallies of the past decade. The $DXY opened its 4W candle below the mid-BB. After a close, it commonly moves to the lower Bollinger Band. Each time this happened, resulted in the biggest, most bullish moves in #Bitcoin over the last decade. But yeah, no new ATHs this year because halving pic.twitter.com/i7X0FsfjYN — Tony "The Bull" (@tonythebullBTC) April 24, 2023 via Bitcoinist.com https://bitcoinist.com April 24, 2023 at 08:15PM

[capital-streetfx]

Technical Analysis Report Today | Forex News – 10 May 2021 | Capital Street Fx

Technical Analysis Report Today | Forex News – 10 May 2021 | Capital Street Fx

ASIAN MARKET:- Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.31% to 3,408.86. Hong Kong’s Hang Seng Index was down about 0.51% to 28,490.75. Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.49 per cent at 29,502.63 on Monday , while the  Australian Index S&P / ASX 200 rose 0.95 per cent to 7,154.71. South Korea’s Kospi was up by1.66% to…

[peterson55567]

Found this chat for you on Tumblr

[immortalcapitalltd]

Forex Technical Analysis (EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD) 30 August 2021 - Analytics & Forecasts - 30 August 2021

Forex Technical Analysis (EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD) 30 August 2021 – Analytics & Forecasts – 30 August 2021

EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD and so on H1 Forex Technical Analysis + Prediction shared on YouTube. The turning point probability and trend probability were measured from Fractal Wave. Hence, to yield better performance, use this prediction together with Price Action Tools derived from Fractal Wave like: Support, Resistance, Fibonacci Ratio Analysis, Harmonic Pattern, Elliott Wave, X3…

[cointuta]

BTC/USD Bears in Control with 31000 in Sight: Sally Ho's Technical Analysis 24 May 2021 BTC | Headlines | News

BTC/USD Bears in Control with 31000 in Sight: Sally Ho’s Technical Analysis 24 May 2021 BTC | Headlines | News

Bitcoin (BTC/USD) continued to pare recent gains early in today’s Asian session as the pair depreciated to the 33063.12 level after trading as high as the 37239.78 level during the European session, with the interday high an extension of selling pressure that emerged earlier around the 50-hour simple moving average.  During a rebound higher in the North American session, selling pressure emerged…

[ailtrahq]

In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Most notably, a correlation with the EURUSD pair (the euro against the US dollar) has come into the spotlight due to a Twitter thread by esteemed analyst Josh Olszewicz. Olszewicz begins by setting the stage, drawing attention to the widely acknowledged inverse correlation between Bitcoin and the DXY (US Dollar Index). He notes, “Most are aware of the strong historic BTC-DXY inverse correlation. DXY is a USD index against a basket of currencies which has a EURUSD weighting of around 58%. So the BTC-EURUSD correlation should also be relatively high.” Will Bitcoin Price Follow EURUSD? What’s intriguing here is the observation Olszewicz makes about the BTC-EURUSD correlation in the period following the pandemic and the last Bitcoin halving. He mentions that the “post-pandemic (post-halving) EURUSD pair has led BTC in both the bullish and bearish direction by anywhere from a month to a full year.” Bitcoin vs. EURUSD | Source: X @CarpeNoctom This pattern, if it continues to persist, might spell some bearish tendencies for Bitcoin. Olszewicz goes on to suggest that, “If this relationship continues to hold, BTC should break down towards the BTFP low of $20k.” This statement is a significant one, indicating a potential substantial drop from its current position, all based on the movement patterns of the EURUSD. Further supporting this projection, he highlights a technical pattern observed in both BTC and EURUSD, stating, “the EURUSD has completed a bearish H&S, similar to BTC, providing technical fuel for further downside.” A ‘bearish H&S’ refers to the bearish ‘head and shoulders’ pattern, a chart formation that predicts a bullish-to-bearish trend reversal. However, it’s not all gloom and doom. Olszewicz does provide a glimmer of hope for Bitcoin bulls. He posits, “If you’re bullish on BTC here, you’re either hoping this relationship weakens/breaks, or the EURUSD begins to strengthen instead of continuing to weaken.” BTC’s Second High Does Not Fit Olszewicz also touches upon some “tin foil” speculations, discussing how the BTC-EURUSD correlation had been seemingly disrupted during Bitcoin’s second high in November 2022. He suggests that the continued fall of EURUSD did not immediately impact Bitcoin’s bullish trend, speculating that actions from major crypto players like 3AC, FTX/Alameda, and the Anchor BTC reserve might have played a role. He states, “It is both possible and likely that the funny business behind the scenes by 3AC & FTX/Alameda, as well as the Anchor BTC reserve, helped delay the inevitable bearish trend by about a year.” Bitcoin EURUSD | Source: X @CarpeNoctom While correlations can provide insight, they are by no means a guarantee of future market movements. Investors should exercise caution and conduct their own research when making investment decisions. Rose Premium Signals added, “interesting observation about the BTC-EURUSD correlation. It’s essential to consider multiple factors in crypto analysis. The relationship could indeed evolve, impacting BTC’s future movements.” At press time, BTC stood at $26,180. Bitcoin price falls , 1-day chart | Source: BTCUSD on TradingView.com Source

[thecryptoreport]

Bitcoin Weekly “Relative Strength” More Powerful Than Record 2017 Rally

Bitcoin Weekly “Relative Strength” More Powerful Than Record 2017 Rally

Bitcoin price over the holidays touched nearly $35,000 per coin, starting off 2021 with an enormous bang. Last week’s candle was the largest in the asset’s history, dollar for dollar, with over $8,000 added from open to the top of its wick.  It also resulted in such a powerful reading on the weekly Relative Strength Index, it now trumps the momentum seen in 2017 that put Bitcoin on the map in the…

[capital-streetfx]

Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show restraint after a global stock market rally pushed many bourses to dizzying heights. The Shanghai composite is up 1.43% at 3,655.08. Overall, the Singapore MSCI up 0.35% at 333.95. Over in Hong Kong, the Hang Seng Index down 0.01% to 30,134. In Japan, the Nikkei 225 up 0.14% at 29,460, while the Topix index is up 0.55% at 1932.5. South Korea’s Kospi up 0.52% to 3100.58. Australia S&P/ASX 200 down 0.63% at 6806.7.

European equities Thursday closing. The DAX futures contract in Germany traded 0.77% up at 14040.91, CAC 40 futures down 0.02% at 5669.8 and the UK 100 futures contract in the U.K. up 0.07% at 6,528.7.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.02% down at 31430.7 the S&P 500 up 0.17% to 3916.4 and the Nasdaq 100 up 0.58% at 13734.3, NYSE closes at 15297.08 up 0.15%.

In the Forex market, GBPUSD down 0.13% at 1.37971. The USDJPY up 0.10% at 104.84. The USDCHF up 0.05% at 0.89034. EURUSD flat at 1.21277, EUR/GBP up 0.15% at 0.87894. The USD/CNY down 0.05% at 6.4542, at the time of writing.

In the commodity market U.S. Gold futures down 0.15% at $1,822.51. Elsewhere, Silver futures up 0.46% to $27.08 per ounce, Platinum down 0.88% at $1223.14 per ounce, and Palladium up 0.19% to $2,356.0.

Crude Oil down on Friday; Brent crude oil down 0.25% to $60.69 barrel while U.S. West Texas Intermediate (CLc1) is down 0.35% at $57.52.

In the Cryptocurrency Markets, BTCUSD at 47107.62 down 1.82%, Ethereum at 1752.46 down 2.00%, Litecoin at 181.39 down 1.44%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

MICRON Tech. up 5.015% at $86.48, KRAFT HEINZ Co. up 4.869% at $35.54, WESTERN DIGITAL up 5.903% to $63.955, PEPSI Co. Inc. down 1.983% to $134.97, NIKE Inc. up 0.758% to $143.54, NVIDIA. Corp. up 3.295% at $610.03.

Economic news:

US: A slower-than-expected vaccine rollout and the rise of coronavirus variants may make attaining herd immunity against COVID-19 difficult, but that should not stop the economy from rebounding, according to a U.S. central banker Thursday.

“I don’t think the economy requires herd immunity,” Richmond Federal Reserve Bank President Thomas Barkin told Reuters Thursday. “Consumers who get vaccines, who have money in their pockets…are going to be free to spend,” he said.

Analysts have long predicted economic activity will pick up as more people are vaccinated, but hopes for a quick path to a fully immunized populace have faded amid vaccine shortages and other roadblocks. President Joe Biden said earlier this week it will be “challenging” for the economy to reach herd immunity by summer’s end. Barkin’s remarks signal a growing understanding that an economic rebound and an ongoing pandemic are not mutually exclusive realities.

Eurozone: The euro zone economy is in double-dip recession amid lockdown restrictions due to a resurgence in coronavirus cases, according to a Reuters poll of economists, who said the risks to their already weak outlook was skewed more to the downside.

Given delays to the European Union’s vaccine roll-out and concerns about new coronavirus variants supporting current lockdowns, stalled economic activity and rising unemployment pose a serious threat to any expected recovery.

Only last month the economy was predicted to make a sharp recovery and grow 0.6% this quarter after shrinking 0.7% in Q4.

Important Data: UK GDP (QoQ) (Q4) today at 2:00 this time estimated 0.5%, previously which was 16.0%. UK Manufacturing Production (MoM) (Dec) today at 2:00 this time estimated 0.5%, previously which was 0.7%. RUSSIA Interest Rate Decision (Feb) today at 5:30 previously which was 4.25%. US Federal Budget today at 14:00 previously which was at -430.0B.

Read Full Report Click Here Crypto Technical Analysis