BTCUSD trading analysis, reveals from several viewpoints Bitcoin and USD analysis.
BTCUSD is still the one pair in crypto trading that many traders choose. This is because BTC, which represents the Bitcoin symbol, is still the number one digital cryptocurrency in the world.
Although there are other big names such as ETH, LTC, CRO, and others, Bitcoin is still the belle of investor traders.
Currently, Bitcoin circulating in the market has reached 81% of the total 21,000,000 BTC, already in circulation 18,605,962 BTC.
Market capitalization stands at $ 746,537,345,589 at press time. It’s priced at $ 35,424.85.
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- 1 BTCUSD trading analysis overview
- 2 BTCUSD market cap
- 3 Forex vs Bitcoin
- 4 BTCUSD trading hours
- 5 BTC/USD trading signal
- 6 BTC/USD position size calculator
- 7 BTC/USD historical price
- 8 BTC/USD price analysis
- 9 BTCUSD forecast 2021
- 10 Conclusion
BTCUSD trading analysis overview
BTCUSD has become an asset in an investment instrument that many speculators traders have started choosing this pair with the aim of making a profit.
The BTCUSD is a trading instrument pair symbol where BTC represents Bitcoin which is a digital cryptocurrency asset that is the pioneer of all cryptocurrencies that appear today.
And USD is the flat currency of the US dollar. The cryptocurrency market itself has developed into a shadow market that many traders have started betting on the market by trading the available pairs.
Bitcoin itself was first introduced by someone under the pseudonym Satoshi Nakamoto, and the smallest fraction of Bitcoin was named a satoshi.
USD is an American currency which is a global currency that is widely used as a standard medium of exchange.
BTCUSD market cap
BTCUSD is the pair that has the largest market capitalization when compared to other crypto pairs. According to Coinmarketcap, the current market cap is $ 661,430,737,315 with an average daily volume of $ 66,809,019,212 at time pers.
BTC USD has also reached a new all-time high this year. The price of Bitcoin against USD had reached $ 42,000 per BTC on January 7, 2021. However, it fell back to the level of $ 30,261 on January 11, 2021.
One of the reasons for the rise in the price of Bitcoin earlier this year was the increased demand due to the emergence of large investors in Bitcoin.
Meanwhile, the decline after reaching new highs was mostly caused by profit-taking from investors who thought the Bitcoin price was too high.
Forex vs Bitcoin
The forex market and crypto market have become the big digital markets in the world. The trading volume in the forex market reaches US $ 6.6 trillion every day. Meanwhile, the total market capitalization of all crypto assets is currently US $ 444.6 billion.
The forex and crypto markets have the same in common, especially in that both directly deal with objects of value or currency because these objects can be used to exchange other objects, for example, goods and services.
Also, the two markets share a similar level of volatility, with fiat currencies and crypto assets experiencing significant price fluctuations within 24 hours.
Difference Forex vs Bitcoin
Bitcoin has become a new phenomenon due to the impact of the popularity of Bitcoin, so now many Forex brokers also offer Bitcoin trading.
Price Fluctuation Forex Is Smaller Than Bitcoin
In Bitcoin trading, price movements are very significant, even price fluctuations of hundreds of dollars can occur several times a day.
Whereas in the forex market it is not as big as in Bitcoin. Major pairs such as EUR / USD, GBP / USD, and so on generally experience changes that are not as large as Bitcoin trading, which is only less than a dollar a day.
This means that the potential profit in Bitcoin trading is much greater when compared to Forex trading. But the risks involved with Bitcoin trading are also much greater than trading Forex.
Leverage in Bitcoin is Lower Than Forex
In Forex trading, enormous leverage in general. The leverage of Forex trading starts from around 1: 100 to 1: 1000 and even more.
However, this is different from Bitcoin trading. For Bitcoin trading, Forex brokers will only provide leverage in the range of 1: 2 to 1:20 where the leverage is much smaller than the Forex trading leverage.
That’s because the risks involved in Bitcoin trading are much greater. For this reason, regulatory brokers avoid the use of high leverage because of the worse impact of losses.
Bitcoin requires higher capital than Forex
This is related to price. The price fluctuation of Bitcoin is much greater while the leverage is smaller so you need more capital to trade Bitcoin compared to Forex trading.
Because leverage affects the amount of capital required, for example in forex using $ 500, in Bitcoin it requires $ 1000 or more.
The forex market is bigger than Bitcoin
The average daily volume of Forex trading amounts to US $ 2 trillion. Therefore, the Forex market is often called the most liquid market in the world. Meanwhile, the Bitcoin market is still a small market.
In Bitcoin, there may be price spikes when there is a large number of transactions, whereas in forex it is rare.
BTCUSD trading hours
BTCUSD trading hours are different from the forex market, on weekends the Bitcoin market remains open, meaning the Bitcoin market is open 24 hours 7 days a week. This means that the Bitcoin market never closes.
This is different from the forex market which is only open 24 hours 5 days a week, where Saturday and Sunday the forex market is closed.
Best time BTCUSD trading hours
During Saturdays and Sundays, price volatility may occur in high fluctuations.
However, the surprising change hinges more on news releases impacting Bitcoin. In general, high price fluctuations occurred in the Asian session. If you want to be anticipated, it should be noted that the market conditions in the timeframe between 23: 00-3: 00 GMT may be more volatile.
Typically, the trading volume may be lower, and price shocks can arise due to low liquidity. Therefore, 15: 00-23: 00 GMT is the wisest time to trade on the weekend.
Tips trading BTCUSD trading analysis
Price movements during sideways may make it difficult to capture profits, so it’s better to trade Bitcoin when the market is trending. Usually, in a bullish or bearish trending market, it will be easier to catch profits.
BTC/USD trading signal
Those beginner traders may be more confident to choose BTCUSD trading using signals.
Usually, at a broker that offers crypto accounts, for example, TenkoFX or FXOpen, they also have analysts who will provide their analysis on crypto pairs.
Or in the forex and cryptocurrency forum community, there are members who are willing to write daily BTCUSD trading signals.
But apart from that, some signal service providers provide services through their official website.
There are many referral sites that you can learn from traders providing trading ideas for BTCUSD in particular and other crypto pairs.
Some of the sites that you can try to learn are:
Tradingview is a social media site where traders can share ideas and provide education about forex, stocks, crypto.
For beginners following expert analysts he can learn how to do BTCUSD trading analysis, and maybe get an idea of the signals given.
You can get BTCUSD signals from this site. Or read the analysis of experts who might be a reference for your trading.
The available signals use a variety of indicators even with the price action of candlestick patterns.
Although it is a bit confusing because of the many methods used, you can try one method and keep a trading journal. Later you can evaluate the results.
Here you will not only find analytical signals for BTCUSD but a wide variety of trading assets, both stocks, and forex.
Maybe you need patience if you wait for BTCUSD signal updates because this site not only focuses on cryptoanalysis signals but also forex and stocks.
Basically, it provides forex signals, but sometimes also analyzes BTCUSD signals, so maybe you can check once in a while to see if there are any new analytical signals for BTCUSD.
BTC/USD position size calculator
In crypto trading also requires risk management. If a trader uses a 1% risk limit, for example, he has $ 1000 in the capital, then the 1% stop loss is $ 10.
Calculating the position size will calculate the position size according to the stop loss distance and limit risk.
The formula is as follows:
Let’s say you risk $ 100 of your $ 10,000 total capital with a 1% risk. Buy BTCUSD at $ 7000 and stop-loss at $ 6000.
The stop loss distance should be ($ 7,000 – $ 6,000) / $ 7,000 = 0.1429. With a risk of $ 100 the calculated position size is $ 100 / 0.1429 = $ 700.
$ 700 is the size of your position to risk $ 100. Measuring the position size does not use leverage, because this feature only allows you to make transactions with less money on larger money contracts. There is no implication for position size.
But if you felt confused about how to calculate manually, you can use the BTCUSD position size calculator from a certain site like as :
The trick you only need to input data equity, equity risk, position type, entry price, target price, stop loss then click the calculate button.
The results will be displayed below the calculator.
The method is the same, you only need to input the required data, it will automatically calculate the size of the appropriate position which will be displayed in the bottom box.
BTC/USD historical price
Sometimes Bitcoin traders need historical price data from the past, it has the purpose of re-evaluating historical BTC price data, which may experience conditions where the price pattern can repeat itself.
You can get historical data on BTCUSD prices on some of these sites:
On yahoo finance and investing you can download historical data for BTCUSD price by selecting a specific period until today.
BTC/USD price analysis
BTC USD continues bearish on today’s trading on January 21, 2021. On the weekly timeframe, the price tends to form a triangle, pennant pattern but imperfect. The current price has fallen to the level of $ 31469, after two weeks ago hit a high of $ 42000.
The image above shows the current price level has approached the previous week’s low but is still an inside bar candle.
The early January candle bar becomes the mother candle, which after a strong uptrend then consolidates.
The next scenario is if the price breaks the previous weekly low, allowing the price to continue falling to a lower level.
However, if it bounces off at this level, it is possible for the price to rise again and continue consolidating.
On the H1 timeframe, the decline seems to be weakening and a bulls candle appears to indicate a reversal. However, the signal is still waiting for the next candlestick, because at M15 the price is still fluctuating in a correction phase.
The price will probably consolidate again, and if it does not break last week’s weekly low, it will rise again to the $ 36,000 level.
BTCUSD forecast 2021
BTCUSD trading analysis 2021, predicts that BTC may rise again after an oversold decline period.
The long forecast predicts that in 2021 there will be many things, BTCUSD tends to increase again.
At the end of December 2021, it is estimated that the open price is at 60094 minimum / maximum 46945-60094 close at 50479 total percent 73.8%.
The BTCUSD price prediction in January is expected to still reach $ 4000, although it is currently at a low level.
Meanwhile, Allforecast predicts that price movements this year will tend to be flat where prices are in the daily range.
BTCUSD trading analysis can provide a reference for traders to learn how to determine position size, stop loss, and rational targets.
Although this pair has the potential to be profitable, risks can occur. And the material presented is only investment education with the risk that each investor will bear.
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