Bearish momentum of BTC

Updated

1Day BTC Bearish Analysis:
Firstly, Yesterday BTC has filled $39600 CME GAP and Currently BTC price is around $40000 at the time of writing, If BTC stay at above $40300 approx. 1Hr then move to next Resistance Maximum $41800.
Secondly, one day EMA Below the 50 signal line and showing Bearish momentum of August 2023.

Please note this is not my financial advise.

Trade active

CME GAP $20360 Must filled by BTC before Halving

Trade active

btc weekly
EMA below 50
Demand Zone is $30000 to 33000
Next week BTC will hit 33500 at their Strong Support

Note

Technical Analysis
Support/Resistance:
If BTC Break 43900 strong Resistance and stay approx. 1 hour, then move upward, otherwise move downward at 41800.
Candle: High Chances of "Grave Stone Doge candle" in 1 day chart today at the time of Closing, then BTC convert into Bearish Trend.
Fundamental:
Currently High of BTC is due to google allow ads in Crypto
News: Today CB consumer confidence and Job Opening data may affect on BTC

Note

Technical Analysis: (Reversal Pattern)
If BTC break the 43500 Resistance Level, The Next Target of BTC will be $48500 to complete its Reversal Patterns "Inverted H&S.

Trade active

Near Achieve the Target $48500, Inverted H&S pattern.

Trade closed: target reached

Target Achieved $48,500 in two days

Trade active

Double Top Pattern with Bullish Momentum:
Currently BTC is going to reject at $48,500, it must Stay at $48,500 up to 2 hour, then Next Resistance will be $52,200
Otherwise, If Rejected to BTC Low as $43,300 Next support
RSI is above 60 and moving Down momentum.

Trade closed: target reached

Target Achieved $52,200 within two days

Trade active

Currently BTC is Presenting Bullish momentums@ $52,400, it must Stay at above $52,500 up to 2 hour, then Next Resistance will be $58,600 subject to break the (strong supply Zone of $52,800 to $54,000)
Otherwise, $40,300 is strong support of BTC.

Note

BTC is still Rejecting $52800

Trade active

BTC must break 52800 Resistance to move upward
BTC is trying for last 10 days to achieve said Resistance but fail/Rejecting

Trade closed: target reached

btc Target:
Target of 15, Feb 2024 has achieved today, @ 54000

Trade closed: target reached

Busy schedule

ARF_RP

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