Bitcoin resistance at 65800The short-term resistance of Bitcoin is 65800.
By reaching this resistance, there is a possibility of correction.
As long as we have the support range of 61,000, we have the possibility of breaking the resistance.
But in case of failure of the support of 61000, we will have the support range of 57000.
If the resistance of bitcoin is broken, and pullback to the trend curve, the upward trend of bitcoin will continue.
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BIT
BTCUSDT.PThe market is in a downtrend. in case of sweeping liquidity and the closing above it, could set up a situation for a potential upward move to mitigate the1H : Ext OB. However, it's important to note that this approach is risky due to its countertrend nature
After reaching the '1H : Ext OB' , confirmed signals on both the 1-hour (1H) and 5-minute (5m) timeframes could present a high-potential opportunity to initiate a short position
BIT BitDAO Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for BIT BitDAO is $0.32.
Looking forward to read your opinion about it.
BitDAO (BIT)BitDAO, like many crypto projects, went into a downward path from the beginning, a long one. After BIT broke the major downtrend line, an impulse upward wave started. Then the corrective wave followed in the shape of a minor descending channel. Now it seems BIT broke this descending channel and is going up. Let's see how up BIT can go.
Bitcoin Levels to watch & Major support 📈🙂updateHello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have a correction from 30K which I expect to complete the pattern and retest the support base band (24400-25400) and then a move up again to (29400-30400). Of course the price tested 25800 once but may come to this area again to enter or complete purchases. Consider it and monitor the price's action in the circles.
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Salam doostan aziz, update tahlile Bitcoin hast (linke zir). hamantor ke goftim ma yek eslaah az 30K darim ke man entezar baraye retest va pullback be base hemayati (24400-25400) va takmile olgo va sepas harkat be bala be (29400-30400) ro daram. albate gheymat 25800 ro yek bar test kard ama momkene ke dobare be in nahiye biyad baraye vorod va takmil kharid ha. ino dar nazar begirid va raftar gheymat dar dayere ro rasad konid.
moafagh bashid.
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Bitcoin Levels to watch & Major support 📈🙂update 2Hello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have a correction from 30K which I expect to complete the pattern and retest the support base band (24400-25400) and then a move up again to (29400-30400). This support zone will be a good point to buy altcoins and of course have to watch this area because If it is lost, the upward trend of the price will be very difficult. Consider it and monitor the price's action in the circles.
Good luck.
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Salam doostan aziz, update tahlile Bitcoin hast (linke zir). hamantor ke goftim ma yek eslaah az 30K darim ke man entezar baraye retest va pullback be base hemayati (24400-25400) va takmile olgo va sepas harkat be bala be (29400-30400) ro daram. in nahiye hemayati noghte khobi baraye khride altcoin ha hast va albate bayad rasad konid ke agar in hemayat az dast bere, ravande so'oodi gheymat khili sakht khahad shod. ino dar nazar begirid va raftar gheymat dar dayere ro rasad konid.
moafagh bashid.
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BITCOIN, Green Or Red path?The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom.
But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve.
In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
Bitcoin Levels to watch & Major support 📈🙂Hello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have two suitable points to buy, and the both of them 21.5 and 19.5 were activated and targets reached. For now we have a correction which I expect to complete the pattern and retest the support base band (24400-25400) and then a move up to (29400-30400). Consider it and monitor the price's action in the circles.
Good luck.
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Salam doostan aziz, update tahlile Bitcoin hast (linke zir). har do noghte kharide 21.5 va 19.5 fa'al shodan tebghe entezar va gheymat be target ha resid. baraye alan ma yek eslaah ro darim ke man entezar daram baraye retest va pullback be base hemayati (24400-25400) va takmile olgo anjam shavad va sepas harkat be bala be (29400-30400). ino dar nazar begirid va raftar gheymat dar dayere ro rasad konid.
moafagh bashid.
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Bitcoin, setup for futures long positionHello traders, Everything is clear on the chart for you like always. In a bearish wave, I expect a small upward wave, so monitor the price's action in the PRZ to enter the position. For lower risk you can wait until the trend line is broken.
Perform risk management due to position against the trend of price movement.
Good luck.
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Salam be doostam, hamechiz rooye chart moshakhas shode, dar yek moje nozooli man entezare yek moje so'oodi kochik ro daram pas raftar gheymat da nahiye PRZ ro rasad konid. baraye risk kamtar mitoonid sabr konid ta trend line be bala shekaste shavad.
bekhatere position khalafe ravande gheymat, modiriyate risk hatman dashte bashid.
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BIT DAOIt can be interpreted as an inverted head and shoulders pattern, also we see a potential trend break. I have two entries, one at 0.543 and a limit order below 0.46
Best regards EXCAVO
#btcstarburst The EMA shift…BTC?As the monthly showed, and now the weekly EMAs are changing upwards… aligning with new angles on the weekly DCA safely, (As we saw a quick move will take out the trade economy). Why? This has been an ongoing study into Gann for over two years. We could get a massive cup and handle.
✴️ BitDAO Moves Ahead | Why This Is Good News!BitDAO (BITUSDT) has the same chart as other altcoins and is also following the same patterns...
A low hit late December, a strong crash in early November, relief rally in August, etc.
Now, BitDAO is moving ahead.
It is already trading above EMA50 and even EMA100...
Since the altcoins move together...
Since BitDAO is going through the same pattern as other altcoins...
We can take this one as a signal as to what is coming to the rest of the markets.
Expect our altcoins that we are tracking to break first above EMA50 with minor retrace and then continue straight up above EMA100 and more... Just as you see here.
Of course, you can expect some retrace for BITUSDT followed by additional growth.
Namaste.