BitcoinAlış
BTCUSD Technical and Fundamental Analysis
A very Good Morning to everyone! Hope everyone achieved their take profits today = ) and remember to like and follow if you enjoyed what you see!
On the daily D and H1 Time frame, BTCUSD seems to be doing well as I expected, breaking out of the channel with strong buying pressure as described in my previous post.
Now we look towards for BTCUSD to retest @ 10300 resistance line, a safe LONG opportunity would see us a closing BULLISH candle pattern above @ 10350, and for more moderate traders who want to be really safe: a close above 10500, a peak that was last touched but rejected in Mid - Febuary 2020.
To watch for:
- A close above 10500 --> LONG opportunity to next resistance levels @ 12081 and @ 13000, the historical highs that were last touched in July-Aug 2019 but proved to be a major resistance level to be retested again
- A rejection at the 10400-10500 level (nearest minor resistance level) would see us a SHORT opportunity to targets of nearest support level @ 9518 or even lower @ 8500 --> Would wait to see a rebound from those levels after that in that case
(Personally I would not take any short positions with the halving only a few days away, do not want to risk a sudden spike or bull run)
Technical Indicators (LONG/BUY):
- MACD showing us a bullish green
- Stochastics pointing out a very BULLISH pattern with points high above the 80 benchmark --> 91.88 at the moment
Overall, the odds are in the favors of a strong BULL.
Here are my two cents for BTCUSD, hope y'all enjoyed what I shared. Feel free to comment and feedback! = )
Regards,
Gol D Roger,
A humble beginner trader
On the daily D and H1 Time frame, BTCUSD seems to be doing well as I expected, breaking out of the channel with strong buying pressure as described in my previous post.
Now we look towards for BTCUSD to retest @ 10300 resistance line, a safe LONG opportunity would see us a closing BULLISH candle pattern above @ 10350, and for more moderate traders who want to be really safe: a close above 10500, a peak that was last touched but rejected in Mid - Febuary 2020.
To watch for:
- A close above 10500 --> LONG opportunity to next resistance levels @ 12081 and @ 13000, the historical highs that were last touched in July-Aug 2019 but proved to be a major resistance level to be retested again
- A rejection at the 10400-10500 level (nearest minor resistance level) would see us a SHORT opportunity to targets of nearest support level @ 9518 or even lower @ 8500 --> Would wait to see a rebound from those levels after that in that case
(Personally I would not take any short positions with the halving only a few days away, do not want to risk a sudden spike or bull run)
Technical Indicators (LONG/BUY):
- MACD showing us a bullish green
- Stochastics pointing out a very BULLISH pattern with points high above the 80 benchmark --> 91.88 at the moment
Overall, the odds are in the favors of a strong BULL.
Here are my two cents for BTCUSD, hope y'all enjoyed what I shared. Feel free to comment and feedback! = )
Regards,
Gol D Roger,
A humble beginner trader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.