Bitcoin (BTCUSD)

This thread is for discussing everything related to Bitcoin.
Will daily comment on possible entries to trade BTCUSD.
Everyone is welcomed to share their views.

Trading BTCUSD as any other pair is the goal of this thread.

This is not for hodlers-Stay away.

I see a good entry today on the short side as sell BTCUSD now @36200-300(depends on broker), looking to TP around 32000
The pair should base above 37200-500 to change my view
This trade can turn out to be good for weekly too with target down to around 28000
Will talk about monthly later on...Lets see..

Which FOREX broker is best for CRYPTO trading... HELP required URGENT please.!

Any good reputable regulated forex broker who offer crypto is good for crypto trading, mostly they will offer 1:5 leverage
If you want more leverage like 1:100 you can try EagleFx but the downside is this broker is not regulated.

you can check the reviews here :
https://www.forexpeacearmy.com/forex...-forex-brokers

Another good short entered at 37300 with take profit around 32000 first.

Plan still same..a base above 37500 necessary to change my view and as you see price still hovering around..

As our fellow above said, Top regulated reputable broker would do fine..high leverage can be a plus option to choose one..

I wouldn't name brokers as not advertising any.

Price still hovering inside the said 37200-500, hold on..

Long at 35884 since yesterday

You must had listened to my advice and exited your buy order at 37200-500

Price always failed to open above there on 1 and 4 candles and now looking to close on daily to open new candle around first resistance 36500

Expecting further fall in coming days as said before..

Come on little Bitcoin continue your fall down to 32000
Whatever delusional world bulls are living price gonna fall fall fall

Updating my Take profit to around 30000 and possibly later lowered to 28000

This looks like some good support though...

Still on my view as price basing below 32000

The pair had hit my exact weekly support at 28800(just if I share my chart for you to see a red line drawn at that exact price level but unfortunately I'm not that type) and retraced to 32000
I'm looking now toward the weekly candle close, if it can break and base below 28300-500 we are going next to around 25500 then down to 20000 that depends on monthly candle close too to be discussed later at month end..

For the fellows messaging me for more updates, kindly understand that this is not a live signal service!
And for others asking for money transfers to deposit in their trading accounts, here is not a charity and only deposit money you can afford to loose.

For traders to better understand my comments and benefit of trading it further on..

When I say price basing below 32k and heading to 30k-28k that means 32k became resistance after been support before..and 30-28k are the Tp levels
When price retraced from the latter to 32k that is your sell entry.
While if you already have sell entries above there like at 35-37k and you hadn't exited it at 30-28k then your trailing stop can be if price bases again above 32k

Nothing is perfect and fake breakouts exist but starting from daily close/open to weekly close/open and better for monthly especially if end month is nearing..makes the whole picture more clear.
At end, not being greedy and having a profit target amount that might meet with crucial price levels can be your hint to take profits.

This stuff is honestly so confusing but I want to learn as much as i can

Thanks ChiForex for this thread on BTC.

My view on BTC.

You're Welcome

This week gonna be very important for the pair as it corresponds to the monthly close with weekly one too.

Looking for important resistance level around 33800 and possibly further retrace to around 35200 on daily.

On Weekly, it may go all the way to around 36600 and even around 38300 if trend is strongly bullish, but I think 33800 will hold it from advancing anymore.

On downside, around 27000 real support after clearing minor @30500 basing below is to 28800 stronger one and just above 20000 will hold BTC from falling further.