Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means
фото показано с : bitcoinist.com

2020-4-30 21:00

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows of $3,800 has extended even further today, with bulls catalyzing an intense upwards trend that has allowed the crypto to surmount its previous resistance at $8,000. This uptrend is showing some signs of strength as well, as BTC has yet to face any sort of harsh rejection that leads its price to plummet significantly lower in a sustained fashion. There is one level that analysts were previously calling an “optimal short” entry that has since been shattered above, opening the gates for the benchmark cryptocurrency to see some massive upwards momentum in the days ahead. Bitcoin’s Intense Uptrend Shows Few Signs of Wavering At the time of writing, Bitcoin is trading up just over 11% at its current price of $8,650 – marking a notable climb from daily lows of under $7,700 that were set yesterday while the crypto consolidated. The previous key level that bulls needed to surmount to sustain their momentum sat at roughly $8,350, and the break above this “optimal short” level in the last hour may prove to be significant for bolstering its trend. A pseudonymous options trader spoke about the importance of this level in a tweet, explaining that the break above it could open the gates for a movement up to $9,200. “I believe 8350 area is the optimal short, give or take 100 points in either direction. Break & close above 8350 (need to watch it hold as support then push to a new local high) & I’m bullish to 9200. Weekly chart shows these levels to be significant IMO,” he explained. Image Courtesy of Chase_NL It’s Not Clear Skies for BTC Yet Even if Bitcoin does decisively break above $8,350, this doesn’t mean that it will then find itself caught within the throes of a full-blown bull trend. Another popular pseudonymous analyst explained that BTC’s high-time-frame resistance sits within the upper-$8,000 region, with a clean break above this weekly supply level being enough to lead the crypto back into the five-figure price region. “HTF update. Blue will be crucial for me. OTE lining up with our weekly mid-range and clean weekly supply. If we manage to get above that I’ll be looking for much higher targets,” he said while referencing the below chart. Image Courtesy of George The coming hours and days will likely prove to be highly volatile for Bitcoin, but how it reacts to these key levels that lie directly ahead of it will offer invaluable insight into the long-term significance of its rebound from $3,800. Featured image from Unplash.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66040.38 (-0.81%)
Объем 24H $18.425b
Изменеия 24h: -1.33 %, 7d: 7.57 %
Cегодня L: $66040.38 - H: $67668.16
Капитализация $1301.032b Rank 1
Цена в час новости $ 8941.51 (638.58%)

bitcoin short optimal level long however crypto

bitcoin short → Результатов: 126


Bitcoin’s Price is Failing to Convince the Margin Markets That It is Bullish

Bitcoin has been caught within a firm uptrend that has allowed it to shatter its correlation with the stock market as it continues marching higher Despite the overt bullishness of this move, funding rates have been on the brink of being negative on many major trading platforms This shows that demand for short positions remains high, and that traders are widely trying to time its top Furthermore, this trend is observed while looking towards Bitcoin’s […]

2020-10-26 01:00


Фото:

Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42


SEC отклонила заявку на открытие биткоин-ETF от ProShares

Комиссия по ценным бумагам и биржам США (SEC) провела слушание по заявке компании ProShares на открытие биткоин-ETF и отклонила её. ProShares хотели открыть два ETF: ProShares Bitcoin ETF и ProShares Short Bitcoin ETF.

2018-8-23 11:50


Анализ цен BTC, LTC, ETH (23.08.18)

BTCUSD: Бычья попытка закрепиться над сопротивлением $6754 в среду завершилась неудачей, пара продолжила торговаться в узком диапазоне (около $800) с начала августа. Вчерашний тест сопротивления привнес хоть немного интереса в динамику пары, хотя Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF, а также отклонила […] Запись Анализ цен BTC, LTC, ETH (23.08.18) впервые появилась Криптовалюта.Tech.

2018-8-23 10:03


SEC отклонила заявку по биткоин-ETF от ProShares

Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF — ориентированных на биткоин биржевых инвестиционных фондов. Одновременно с этим аналогичная судьба ждала еще несколько заявок на запуск биткоин-ETF, поданных компаниями Direxion и GraniteShares.

2018-8-23 09:45


SEC отклонила заявку на открытие двух биткоин-ETF от ProShares

Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF — ориентированных на биткоин биржевых инвестиционных фондов. Одновременно с этим аналогичная судьба ждала еще несколько заявок на запуск биткоин-ETF, поданных компаниями Direxion и GraniteShares.

2018-8-23 02:46


SEC решит судьбу двух bitcoin-ETF от ProShares до 23 августа

Комиссия по ценным бумагам и биржам США (SEC) должна к 23 августа озвучить решение по поводу заявок на запуск биржевых фондов (ETF), привязанных к курсу bitcoin-фьючерсов. Об этом пишет CoinDesk.

2018-8-21 13:32


SEC вынесет решение по биткоин-ETF от ProShares через 3 дня

Через три дня Комиссия по ценным бумагам и биржам США (SEC) проведёт заседание касательно заявки ProShares на листинг биржевых фондов, основанных на биткоин-фьючерсах. ProShares намерены добавить фонды ProShares Bitcoin ETF и ProShares Short Bitcoin ETF в листинг нью-йоркской фондовой биржи (NYSE).

2018-8-22 13:31


SEC вынесет решение по биткоин-ETF ProShares через несколько дней

Комиссия по ценным бумагам и биржам США (SEC) к четвергу, 23 августа, примет решение касательно листинга привязанных к биткоин-фьючерсам биржевых фондов от ProShares. Об этом сообщает CoinDesk. SEC рассмотрит заявки на листинг на нью-йоркской фондовой бирже (NYSE) фондов ProShares Bitcoin ETF и ProShares Short Bitcoin ETF.

2018-8-21 12:36


На этой неделе SEC примет решение по биткоин-ETF от ProShares

Комиссия по ценным бумагам и биржам США (SEC) к четвергу, 23 августа, примет решение касательно листинга привязанных к биткоин-фьючерсам биржевых фондов от ProShares. Об этом сообщает CoinDesk. SEC рассмотрит заявки на листинг на нью-йоркской фондовой бирже (NYSE) фондов ProShares Bitcoin ETF и ProShares Short Bitcoin ETF. В основе этих фондов будут лежать торгуемые на CME […]

2018-8-21 11:50


Фото:

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly Read More The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

2018-8-16 13:00