BTCUSD Trading Analysis Tips
BTCUSD
22-10-2020 /16:54:45
Long around 12500, Take profit: 14100, Stop loss: 12200.
BTC released short-term bullish momentum (Flat).
As BTCUSD increased by 7% during the day.It broke through its short-term strength.Meanwhile, mainstream currencies followed the trend of BTC and rose.
Long
Time Frame:1D
On the chart of the day, BTCUSD maintained the bullish market trend with potential support at 12500.It fluctuated and rose in the short term.It will resume climbing.If it is steady above 12500.
Time Frame:4H
On the 4-hour chart, BTCUSD continued climbing to 13000.The market trend was bullish.Investors could buy as it reverses.
BTCUSD
21-10-2020
1603288227716
Long around 12000, Take profit: 12500, Stop loss: 11900.
BTCUSD broke through 12000 for the first time (Flat).
On Tuesday (20th October), Bitcoin is currently traded at $12,020.Breaking through the key psychological level of $12,000 for the first time since 1st September.It is mainly driven by the massive purchases of Bitcoin by large institutional investment companies like Stone Ridge.
Time Frame:1D
On the chart of the day, BTCUSD was moving above the ascending trend line.It fluctuated and rose with potential support at 12000.It will continue rising.If it is steady above 12000.
Time Frame:4H
On the 4-hour chart, BTCUSD continued rising and broke through 12000.The market trend was bullish.Investors could buy as it reverses.
BTCUSD
20-10-2020 / 16:25:50
Long around 11600, Take profit: 12400, Stop loss: 11400.
Bitcoin miners’ daily income plummeted (Flat).
According to Glassnode, the income of Bitcoin miners has fallen sharply and is currently at a 5-month low, reaching 30 BTC (about $350,000) per day.A reduction of more than 90% from mid-September.
Long
Time Frame:1D
On the chart of the day, BTCUSD maintained the bullish market trend.It fluctuated and rose with potential support at 11600.It will resume rising.If it is steady above 11600.
Time Frame:4H
On the 4-hour chart, BTCUSD continued climbing and was moving above 11400 steadily.Investors should buy as it reverses.
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