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    [Daily Discussion] - Wednesday, March 03, 2021 Bitcoin Markets

    [Daily Discussion] - Wednesday, March 03, 2021 Bitcoin Markets


    [Daily Discussion] - Wednesday, March 03, 2021

    Posted: 02 Mar 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    Looking for advanced bots for automatic trades

    Posted: 02 Mar 2021 07:09 PM PST

    Hi

    I saw loads of different bots for trading on Binance. I don't know who's trustworthy and which is a scam.

    I want to be able to set rules to buy and sell, such as if a coin increases or decreases a certain amount over a certain time.

    Is there reliable software that can perform simple automated trades?

    Thanks

    submitted by /u/DavidKo029
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    Citi Bank on Bitcoin !!

    Posted: 03 Mar 2021 10:39 AM PST

    TA: Bitcoin USD Price Recovers losses. Can the momentum sustain?

    Posted: 02 Mar 2021 02:48 PM PST

    Yesterday Bitcoin started a decent rally after testing the key support trendline. It reached as high as $50,250, however, the upward movement got rejected at the 4hour 100 simple moving average. Currently trading at $47,500, Bitcoin price is above the hourly 100 simple moving average and just above the 38.2% Fib retracement level of the $43,016 swing low to $50,250 swing high.

    If in the following trading sessions (next 12hours) the Bitcoin USD price maintains above $46,650, bulls could reattempt to break above the key resistance at a 4hour 100-simple moving average which is at ~$50,250. If succeed, the next target for Bitcoin could be $52,000, followed by $55,000.

    In case the Bitcoin USD price momentum continues its downward trajectory, the next support is at $45,800 - the 61.8% Fib retracement level of the $43,016 swing low to $50,250 swing high. Failure to maintain above it could put Bitcoin price at risk and decline to $42,000 zone.

    Technical indicators:

    • On the hourly chart, BTC/USD RSI shows momentum and gaining strength.
    • BTC/USD Key support levels: $46,650, $45,800 and $42,000.
    • BTC/USD Key resistance levels: $50,250, $52,000 and $55,000.

    Check here for BTC USD Price Live momentum.

    submitted by /u/Natural_Mountain
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