BITUSDT - Good entry position!BYBIT:BITUSDT
1H trend chart
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After an amazing surge, Bit is converging as a descending triangle right now.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 2.495----Fib(1)
b) 2.683~2.759---Fib(1.272~1.382)
c) 3.186-----Fib(2)
Stop losses:
a) 2.122-----(Red horizontal ray)
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Bitusdt
BITUSDT SHORT (BYBIT) Entrance strictly at the specified price!Entrance strictly at the specified price!
Short: 1.974
Targets: 1.957 - 1.925 - 1.85 - 1.83 - 1.78
Max Leverage : x20
Stop loss: 2.01
%from depo 5%
BTCUSD end of deathcrossBitcoin is not bearish anymore, the 50ma will most likely across above the 200ma, looking at the Macd histogram we can see the possibility of reversal with same divergence that happen in past that took the btc to 60k and above. I'm thinking the price may likely hit 55k or above this week...
good luck
BNBUSD Trend Binance TrendDuring the next two weeks, strong support will be $ 230 , and finally in the next two weeks the main trend will be determined, which will move towards either $ 400 or $ 100. Even if it reaches $ 100, it will definitely and definitely follow the trend in the long run to $ 465 and then $ 580.
BTC - 4H Consolidation 4H is expected to stay between our zone at least until the end of the year, since there won't be much news on Bitcoin this week until 31st.
However, even if we have a breakout, it could be a fake breakout so staying out of any trade would make sense.
Personally I see Bitcoin more bullish even toward breaking the 25k and 26k because the market is still on a Heavy Higher time frame momentum and Paypal is going to launch bitcoin payment for ordinary merchants starting in early 2021 could spike BTC price.
BTC Bitcoin +30 %I do not know if you had the chance to buy at $ 9100 but it is a good time to sell and then buy at $ 9900 and aims at least $ 11000 with an earlier target at $ 11800. If not the graphic will speak for itself.
We have an RSI of 80% which is often the sign to sell and wait for a better moment of purchase.