TomProTrader

BTC/USDT - Current Level Is Key

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Hello traders, I hope you're all having a wonderful Christmas.

Here we have BTC/USDT on the 12H chart.

BTC/USDT has been in a correction move since the long term uptrend. More recently price has bounced on a key horizontal support zone at 11980, and is now bouncing a second time at this level. Price could consolidate at this support.

As it stands, it appears that BTC/USDT is ready for an up move. Price is not only at a horizontal resistance, but is also at a point of Fibonacci key retracement support. And there is also a Fibonacci support confluence! This means that BTC/USDT is currently trading at a major support level . This in itself is no guarantee of a up move, but, it does tell us one thing. If BTC/USDT is able to break below such a strong support, what does this say about the trend integrity of Bitcoin? It could tell us BTC/USD is obviously quite weak.

I am expecting an up move eventually. It may well break below the current support and go to the lower support zone at 7550. But as mentioned above, if it breaks the current support zone it does say a lot about the true strength of Bitcoin             as a whole.

I now think, a break below current support says not only a lot about price, but a lot about investors psychology and investors sentiment towards this Cryptocurrency. All bets are off for a long term uptrend if such a monumental level is broken, as it is basically an agreement that the uptrend will stay in place.
Bình luận: Price has broken a key side-wards resistance line at 13980 and is having a strong break to the upside.

Well done for taking this idea. Looks like it will have a nice up side move up horizontal resistance of 19260.

Bình luận: Brand new analysis posted regarding BTC/USD on my TradingView profile.

This post gives my latest thoughts about BTC/USD and looks atthe ideal places to be a buyer.

Check it out now!
Bình luận: Brand new ETH/USD idea just published on my TradingView!

Check out my TradingView profile for my latest thoughts on Ethereum!
Bình luận: Fresh analysis posted on my TradingView profile focussing on IOT/USD

Check it out now!
Join our VIP Signals group:

- Telegram: @Tomprotrader
- Email: Tomprotrader@gmail.com

Public Telegram Channel: https://t.me/Tom_Pro_Trader
I don't own Bitcoin. But it does look primed to make a run for a brand new high. The pattern looks perfect for new price action.
Phản hồi
Hey @TomProTrader thanks for the analysis. Do you have any views on current falling trend?
Phản hồi
Please analyze bitcoin cash for us
Phản hồi
Thanks for your clear view. I see a lot of similarity in our charts.

.png' width='800' alt='BTC new pump before hardfork Segwit2x + free BT2'>


Question: Why do you use 3 and 8ma? To get signals in an early stage?
+1 Phản hồi
@Jelmerrr, Thank you for sharing.

They act as a dynamic support resistance that often acts like moving averages would on smaller time frames. Saves time going through multiple TA's.
+1 Phản hồi
Jelmerrr TomProTrader
@TomProTrader, Thanks for your explanation! :-)
Phản hồi
emregungor85 TomProTrader
@TomProTrader, do you have any suggestions on this fall? I think that it wont stop easily.
Phản hồi
Hello Tom i always liked your charts, but in your recent updates why you seems like rushed and keep making new charts? anyway thank you for your charts as always!
Phản hồi
TomProTrader arvincash88
@arvincash88, I think you're just viewing the chart.

You should read the entire analysis. There's always essential updates, which without, a trade isn't executable.

Ty!
+1 Phản hồi
Bitcoin crashed from 1000 to 100 in 2013 didn't killed the 'long' term up trend so I don't agree to that.
Good analysis but don't think the support points are right

Merry Xmas XD
+1 Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất