Bitcoinidea
BITCOIN (BTCUSD) - Week 11 - H12 AnalysisHappy St Patrick Day Folks!
▪️Last week Recap
we were expecting BTCUSD to bounce off from the 20k price level, which it did. We had few scenarios in mind one of which was to go back up all the way to the 25k price level and reverse down from there for more ranging but after few days of working that price level, it finally broke through early this morning and BTCUSD is now trading above the 25K psy price level.
Point to note: Last week closing candle (i.e. rejection from the downside with long wick) was a tell-tale sign on where price would be heading this week and maybe weeks to come. So always good to check your HTF (Higher Time Frame) candles once closed!
▪️This week analysis & potential scenario
This move will be considered a true BO from a range that has spanned for many months if this price action is confirmed by a close on a HTF candle and/or if there is no “acceptance" back below the mid-20K price level.
This week / today’s up move was very strong and so we believe it to be a true BO, i.e. price will very likely keep pushing to the upside rather than going back down below 25K key level to trade lower. However, we would anticipate some corrective move (pullbacks) when reaching key price / structure levels (28K ~27K), please see grey arrows for more details on potential scenario.
That’s it folks for this week, hope you have a nice St Patrick weekend, and please trade with care!
BTC wants to DUMP more!!Crash still to come!!Bitcoin exited the rising broadening wedge or the parallel channel but the wedge is more valid.
With the drop in price that happen yesterday , today it could continues and make a new extreme or just retrace it backup to the origin of the dump and consolidates there which could be a sign of bullish (0.09%)
H&S still in play that I mentionedin previous video,Still room to dump to create the shoulder of the right side (~24.4)
Liquidity obviously more to the downside but there is (~1600M) around 27.6 due to degen high leverage traders
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Bitcoin BTC Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My BTC Bitcoin Price Targets:
BTC /USDT short
Entry Range: $27100 - $27200
Price Target 1: $25000
Price Target 2: $23600
Price Target 3: $21600
Stop Loss: $29500
#Bitcoin - thoughts out loud #06Good evening, we are from Ukraine!
Extension of the agreement. The action plan remains unchanged. A mistake made by UT without confirmation.
Restart. The targets are unchanged.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
BITCOIN - Diamond Pattern 💎Hello Traders !
The Bitcoin Price Broke The Daily Resistance Level !
The Broken Resistance Becomes New Support Level ✔
Currently, The BTC Price is in Diamond Pattern 💎
Now! we have 2 scenarios:
1- if the lower support will be broken, we will see a bearish move to 25300🎯
2- if the upper resistance will be broken, then we will see a huge bullish move to 29800🎯
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#BTC Inside Rising ChannelBitcoin In Hourly timeframe is moving inside the rising channel (Bearish Pattern)
If we look in the past a lot of volume where between $29K - $31K that can react like strong resistance at this point!
Im expecting price to break channel down after touching Resistance and retest the support zone
BTCUSDT:25/03/2023:🔴Important levels and possible scenarios🔴
As you can see, I see this chart as bearish.
In that case, the price can start correction from here or try 30K till important supply zone, and then the price drop to the demand zone or even more.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️25/03/2023
🔎 DYOR
💌It is my honor to share your comments with me💌