Technical outlook: Bitcoin’s journey towards $40k resistance level

2023-11-13 14:03

BTC/USD trading strategy Buy/sell asset: Buy BTC/USD Entry price: $3,7185 Stop loss: $3,6272 Leverage: 1x Take profit 1: $3,8000 Take profit 2: $3,9000 Take profit 3: $4,0000 Timeframe: 1-3 weeks Maximum profit: 7.5% Maximum loss: 2.4% BTC/USD chart and technical analysis

Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the $40k major resistance level.

I am waiting for the price to close above the $3,7185 minor resistance level and once the price closes above this level I will enter for a long trade. My target for this trade would be the $40k major daily resistance level.

On smaller time-frames i.e. 15 minutes the price is making an inverted head and shoulder pattern which is an indication of the continuation of the bullish trend.

Bitcoin fundamental analysis

Fundamentally, the investor’s confidence is high and the price will potentially continue its rally.

Moreover, the price is likely to follow the technical strategies as there will be fewer high-impact news in the coming week that could impact Bitcoin’s price significantly.

Bitcoin to US dollar trade idea takeaways  Bitcoin is likely to continue its rally according to the technical analysis. The price will possibly reach the $40k resistance level in the coming days. Multiple take-profit levels have been added to secure profit along the way. The risk-to-reward ratio on this trade is 1:3. The entry and stoploss prices have been placed at secure levels with the least probability of getting hit. Good luck!

The post Technical outlook: Bitcoin's journey towards $40k resistance level appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Resistance (RES) на Currencies.ru

$ 0.0018624 (+0.63%)
Объем 24H $3.518k
Изменеия 24h: 0.10 %, 7d: 11.67 %
Cегодня L: $0.0018624 - H: $0.0018624
Капитализация $0 Rank 3118
Доступно / Всего 0 RES

months price technical level bitcoin resistance 40k

Источник: invezz.com

months price → Результатов: 126


Altcoin Price Analysis: Litecoin Prices Ready to Bounce Back After 11 Months of Bleeding

After 11 months of lower lows, Litecoin, Monero, Stellar Lumens and Cardano prices are ripe for recovery mostly thanks to last week’s price stability and the general expectation in the market. Regardless, we shall maintain a bearish stance despite incoming streams of supportive fundamentals changing this position once there are gains above key resistance levels.

2018-12-3 07:00


Secret Trees ICO

Secret Trees is an environmentally-conscious agricultural company and next generation technology services provider. Founded in 2018, Secret Trees aims to contribute to a sustainable global agro-economy through the industrial and commercial development of the growing demand for the agricultural crop Hemp.

2018-11-30 14:03


Фото:

Vinny Lingham Warns Of ‘At Least’ 3-6 Months Of Bitcoin Price Under $5K

Civic CEO Vinny Lingham forecast the Bitcoin price to remain below $5000 for at least three to six months this week as sentiment throughout the industry takes a beating. $3K Bitcoin Price ‘Could Go’ Speaking in an interview with CNBC November 26, Lingham, whose Civic raised $33 million in an ICO last year but now trades below its original market cap, joined analysts such as Tone Vays in delivering a more bearish mid-term outlook for Read More The post Vinny Lingham Warns Of ‘At Least’ 3-6 Months Of Bitcoin Price Under $5K appeared first on Bitcoinist.com.

2018-11-27 13:00


Фото:

Ethereum Price Watch: Woes Continue as Currency Closes in on the $105 Mark

In another disastrous day for the crypto market as a whole, Ether, once the second most valuable crypto asset in the world, has just slid to a fresh annual low of USD $106.41. This latest price drop follows what can only be considered to be ETH’s worst financial run in over 16 months, wherein the […] The post Ethereum Price Watch: Woes Continue as Currency Closes in on the $105 Mark appeared first on NullTX.

2018-11-25 13:15


Фото:

Litecoin [LTC] Price Analysis – Identifying the Most Likely Reversal Area, Possible Bear Trap?

Litecoin was not spared during Wednesday’s sharp drop. Its price fell 14%, from 51 to 44$. Below we are going to offer an analysis of what might happen in the following months. A look at the weekly chart shows us that the price has been facing resistance from the 9-day SMA (Simple Moving Average) since […] Litecoin [LTC] Price Analysis – Identifying the Most Likely Reversal Area, Possible Bear Trap? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-16 13:54


Фото:

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.

2018-11-16 01:28


Encrybit ICO

- ENCRYBIT THE RESEARCH BASED CRYPTOCURRENCY EXCHANGE Encrybit made history moments creating massive surveys in cryptocurrency market with 12k+ responses from traders among 167 countries. Encrybit exchange is thought of traders where we are merging their demands in reality developing the secured and featured enriched trading platform that does not want to compromise the emotions of traders.

2018-11-14 19:41


5 recent tactics criminals use to steal your Bitcoin (and other cryptocurrency)

While the cryptocurrency mania that drove Bitcoin’s price to $20,000 may have eased, the threat posed by the most experienced cybercriminals hasn’t disappeared. In fact, prominent information security firm Kaspersky Labs has detailed how some of the internet’s most well-known cyberthreats have evolved to better target cryptocurrency users and services.

2018-11-12 17:47


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru