Bitcoin is Creating Lower Highs but the Lows are Equal 🕵️Bitcoin is rejecting Higher Prices and creating Lower Highs. BTC is simultaneously holding a flat support level at 26,600 4Hr level as we can observe here.
Price is squeezing downwards but the bottom is remaining flat at our 26,600 4Hr level. Soon this pressure may burst up or down and I'd bet on more downside.
This Price action/Multi-timeframe analysis details a bearish market.
Bearish Market Structure has Lower Lows and Lower Highs.
Bullish market Strucutre has Higher Highs and Higher Lows.
The Weekly timeframe is printing multiple bear candles. We are also creating back to back descending wicks on the Daily timeframe. This denotes a market that is in momentum.
Looking for lower prices here. Will Update.
Safe Trading.
Bitcoinusd
Keep it Simple🧧 4Hr Resistance Zone in a Short Term Downtrend ₿It is Safe to Say that after looking at the Weekly chart, Bitcoin will likely see more downside to come.
We can observe Bearish market Structure on the Weekly Chart. A LL on the second week of April(27,566$), a Lower High on the first week of May (29,236$) and now a New LL (26,931$) on the Second week of May.
Price is stair stepping it's way down. Gracefully. But with that said we may see a fierce drop to come as we have seen in Years Past on BTC. We can recall that when investors and institutions dump BTC they do not hesitate.
The Daily Candle is About to close Bullish. However we can at least anticipate a Lower wick and bounce off our 4Hr Zone 27,430$
On Monday of this week Price respected our 27,600$ Weekly S/R Level.
Price in Medium Term has eased off our June 2022 30,000$ Weekly S/R level and is pulling down.
With clean traffic to the left on the 4Hr Timeframe I can visualize price dropping once we return to 26K again.
Our Next Stop on the Daily timeframe will be 24,374$ .
For Buyers we are at the extreme lows of our Daily Range between 26,700$ and 30,500$. Price is testing the extreme Lows. Will Buyers step in to protect these Medium Term Lows or will BTC print fresh lows alongside the Stock market as Inflation stays steady above the Fed's 2% Target.
I think at the Bare Minimum we can anticipate a Short term range between 27,600 Weekly S/R level and 26,700 Daily Level. We are selling the top of the range.
Not Financial Advice
For Educational Purposes Only.
This is Price Action combined with Multi-Timeframe Analysis.
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀Bitcoin managed to break the resistance line successfully.
Now Bitcoin is pulling back to the resistance zone and the resistance line that has been broken.
The pullback structure is in the form of a falling wedge pattern, and if we look closely at the chart, we can also see a bullish pennant pattern.
I expect Bitcoin to grow up to the resistance zone after breaking the upper line of the falling wedge pattern.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin below 10K by February 2022, what do you think? 😁I know this might be very annoying for the Crypto enthusiasts but Iooking
at the long-term monthly chart, I get a feeling that BTC/USD will drop below
10K USD in the next 6-9 months.
The big bearish doji candle in the monthly time frame might spell some trouble
for the BTC bulls here.
What are your opinions?
BTCUSDT - FRACTAL Shows Parabolic Move SoonHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
On the charts I have a fractal of the BTC chart from 2020. We see a very similar pattern : two topouts, a regressions channel followed by a short term rally leading to a bearish H&S pattern on the daily. Previously , the price of BTC drops -18%. If we were to use that same percentage, that gives us a rough target of $24.5K which corresponds with my recent update on Bitcoin where I'm short until 25K.
We have some strong arguments here for a short term bearish move after which the 2020 fractal was followed by a parabolic increase.
I'm expecting to see some volatility this weekend as the fractal continues to play out.
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CryptoCheck
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P BINANCE:BTCUSD INDEX:BTCUSD KUCOIN:BTCUSDT OKX:BTCUSDT BYBIT:BTCUSDT
Bitcoin: Bulls VS Bears: Battle of $26KHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
A quick analysis on Bitcoin. Over the weekend we may see some volatility as the bulls and the bears battle on the current support zone at $26400.
It is my personal view that this trendline will hold , due to a macro market perspective analysis that I did a couple of days ago which pointed towards BTC being in phase E of the Wyckoff Method market phases :
Incase you missed it ! A new altcoin that leverages memes and the hype of AI : AIDoge :
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KUCOIN:BTCUSDT COINBASE:BTCUSDT OKX:BTCUSDT BINANCEUS:BTCUSD BITFINEX:BTCUSD PHEMEX:BTCUSDT
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$Bitcoin: On it's way to 3200? Bullish scenario exploredAfter the trend reversal of Bitcoin early in January this year, BTCUSD is in an uptrend.
There have been some pullbacks on the way, but, the uptrend has stayed intact so far.
Currently, we are witnessing another pullback phase. So, it would be unwise to think of this
as a "dump" as long as the price stays above the 100-day EMA.
As indicated in my chart, I expect Bitcoin to resume the uptrend again and reach 32000
level once this pullback phase is over. Bitcoin between 25500-27000 is a buy for me.
BUY BTCUSDAfter the withdrawal of liquidity for sale below the old lows, a potential local "bottom" was formed.
The highs noted are future growth targets above $32,500.
These are the last opportunities to open long positions before the continuation of the bear market ($12,500) without taking into account short-term trade.
Bitcoin Long 202305183rd Wave
Need a valid breakout of 27501
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTC Trading Signal: Target 40000
BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance.
If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high.
The long-term goal is still at 40,000!
Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
BTC Trading Signal: Go Long
In the opinion released last Saturday, I clearly told everyone that if you break the trend line, you can go short, support 28600-28200, and go long near the support, with a target of 29000. Both transactions are perfectly completed.
Today, Bitcoin fell below the 28600-28200 support, which has turned into resistance, and the support moved down to around 27200.
After a continuous decline, the 30m chart pattern has a rebound demand, so the next transaction is mainly to do more at low levels, and the upper resistance focuses on 28200-28600.
Bitcoin Next Week Possible MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
$3k BULLISH WAVE (IV) UNDERWAY: TARGET AREA 29007-28687!!BITCOIN is STILL going down in a BEARISH ZIGZAG MILLENNIUM WAVE (X), and subdivided into WAVES W, X, Y. This BULLISH WAVE (IV) is a counter WAVE against the TREND (please notice the inverse head and shoulders), therefore I am predicting BITCOIN is going UP $3k in 3 WAVES (a,b,c) of degree CYCLE to my projected target area 29007-28687. Please comment below and let me know what you think.
BTCUSDT - has bull market really been started? Hello, dear friends!
Bitcoin has approached to the critical price level where most of traders are struggling to define if now still the bear market or the bull market has been already strated. In today's article we will try to bring together many facts and make the conclusion about what is coming next. Let's go!
BEAR MARKET STRUCTURE
I have see many opinions that bear market has been started on November 2021, but I suppose it has started much earlier - in April 2021. My first evidence of this assumption is that maximum euphoria was in April, where we saw the largest altseason ever. Remember, many altcoins made 10-100x in those period. After OKX:BTCUSDT faced with the corrective move in wave A. The wave B was very tricky, it broke through the previous ATH which made a lot of traders confused. But in November 2021 only BTC and fundamental altcoins set the new ATH, like ETH, ATOM and DOT. So-called "shitcoins" demonstrated very weak pump and retraced only to 0.61 Fibonacci. To sum up this part of analysis, I consider now Bitcoin is finishing the wave C before the new bull market.
WAVE C STRUCTURE
Our main purpose now is to anticipate where the wave C could be ended to invest in crypto. Wave C should consists of 5 waves. Awesome oscillator is our best tool to identify the waves. The minimum AO value corresponds to the wave 3 bottom. Yes, It was at $17500, not at $15500. In my opinion, wave 4 has the shape of complex correction - very tricky one for all traders. I suppose that wave 4 has been finished in two reasons: BTC reached the 0.38-0.5 Fibonacci area and AO crossed the zero line.
WHAT IS THE BEAR MARKET TARGET PRICE?
I consider the wave 5 ahead. It's to fearfull that the potential target for this wave is located between $9k and $10k. There I plan to invest in Bitcoin and some fundamental altcoins. I suppose most of altcoins will disappear at such low price levels. Anyway we have the clear scenario invalidation level. If Bitcoin will break through the $32800 - wave 1 bottom level, my Elliott wave formation is gonna be failed.
In updates I am going to add this idea with local scenarios which supports this scenario.
Bitcoin SOPR #3- Quick Update.
- Everything is in graphic.
- Check SOPR + Green Circles.
- Did some smart hands took their benefits ?
- Yes.
- Does it means BTC price will crash ?
- No.
- Does it means we are in a correction ?
- Not really.
- Does it means it's a boring phase ?
- Yes.
Happy Tr4Ding !