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Can Descending🥟Scallop🥟Deliver Bitcoin to Support zone❗️❓Bitcoin has been moving in a descending channel for several days. It seems that Bitcoin has formed a descending scallop pattern to break the support line. I expect Bitcoin to fall to the 🟢support zone($21600-$20940)🟢 and the lower line of the descending channel after breaking the neckline. ❗️Note❗️: We must wait to break the neckline to verify the descending scallop pattern. 🔔Descending Scallop🔔: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that. Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin
13
Bitcoin short-term update 🐻🐂👀Bitcoin short-term update (a) BTC just reached my bearish target of ~$21,913👀 (b) next bearish target at $21,595 🐻 (c) next bullish target still FIB golden pocket at $22,750🐂 How was your day dear Crypto Nation?😎 Comments💭Likes & Follow🔗appreciated🤗 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:BTCUSD
by Crypto4Everybody
1
Can Bitcoin Break the Support Line❗️❓🧐Bitcoin seems moving in a descending channel and is currently near the support line. I expect the support line to be broken and Bitcoin to reach the 🟢support zone($21600-$20940)🟢, the lower line of descending channel, and start to grow from the TRZ (at least to the support line is broken). You may ask why I say that Bitcoin can break the support line❗️❓ 🔆Because of the sell signal created by EMA50 and SMA50. If the daily candle closes below the SMA50, the probability of the support line being broken by the next day's candle is very high. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
12
Is the bottom actually in? #BITCOIN 🧐I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts - There's Bearish FVG that will need to be filled eventually which is above 25k. - Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled ..... - #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k. - If we reject again off of the strong high, we could see price action test that low at 15k. 200 MA is key which aligns with the 25k area ‼ If we convingly lose it the bottom is in. - With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again. This area 25 is gonna tell us everything. There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time. Ended up being a fakeout & the bottom wasn't in. So Food for thought, this could very well be one of those times, again.
BITSTAMP:BTCUSDShort
by Nick.TkgProfits
4
Pray that 7k-8k holds the line.This is my thesis. The current "crypto industry" resembles more the mechanics of a Ponzi scheme than anything else, even some of the most leading figures of the "industry" have spoken out about this publicly (Google "Sam Bankman-Fried reveals how DeFi works like Ponzi scheme"). Most participants in this whole thing are only interested in "number go up" this ethos has led the whole industry to be blinded from the original ethos of Bitcoin (See genesis Block). Whoever Nakamoto was, he obviously created Bitcoin because he knew that the current monetary system is flawed, furthermore he knew that it is corrupted by a small set of entities that control the money supply according to their whims, and it would be impossible to be fixed as it is, so a new one, permissionless was needed to be created. Look how ironic, and comically it all has become, if you now open any crypto news media you'll see news about bailouts and crypto companies imploding by doing the same practices that bankers were doing back in '08, the same things that Bitcoin was standing against since its inception. The modern version of "Chancellor on brink of second bailout" is "FTX on the brink of a second bailout" Participants of this whole sham called altcoins have corrupted and created a cloud of confusion of what this whole industry should have been about, and i get it, most people get into crypto because they're looking to make a quick buck, even the long term holders or should i say HODLers, are seeking the same thing (sell high) they seem to have forgotten or misunderstood the original mission that Bitcoin was setting out to achieve which is "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" irrespective of its price, the whole point was to use a mechanism to avoid being at the mercy of anybody at anytime. When was the last time you transferred any amount of Bitcoin to another one without using any central entities in the middle? We are due for a long and tiring market of sideways that will purge and hopefully eliminate all the excess of cryptocurrencies, that were created during the last years of get rich quick intoxication, insert your preferred alt here. Everyone who participated was responsible for and most who are unaware think that the worst is over with a Bitcoin price at 20k, they haven't looked at Bitcoin domination stat and see that it clearly shows everyone is still in a state of denial, even smart folks are wishing for another round of FED goes brrrrr just so that it helps their bags, regardless of what it will do long term to the health of their country. (Weimar 2.0) Be realistic and honest with yourself, What will Solana cellphone do, that another high-end Android cellphone won't be able to do? Yet Solana is still pumping against Bitcoin on such a horrid announcement. This is why Bitcoin may go below 10k once again, the reckoning is coming and soon most participants will understand that their beloved shitcoins are just that, shit. Red wiggly line on chart is the best case scenario imho, below 6k is worse, and we will experience our first crypto price reset ever. Good luck and be safe.
BITSTAMP:BTCUSDShort
by lomaxrex
2
BTC: Short at high levels and long at low levels Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting at high levels is still the main strategy. The trading strategy is to short at 23600, with a stop loss at 24200, and a target of 21500 to 21400. Alternatively, if it falls to 21400, go long with a stop loss at 20900 and a target of 23600. Don't let past regrets interrupt your current plans, and don't let anxiety and worries disrupt your steps forward. As winter fades into spring and the sun rises and sets, every moment is precious. By appreciating the present and living each moment to the fullest, we can reap the rewards of a rich and fulfilling life.
Short
by triumphing
#BTCUSD - Time to Liquify Some Bulls?Well, here we are, after a massive #BITCOIN pump over the last month or so, with a fresh Sell signal from Crypto Tipster v2. There's a strong descending trend line acting as resistance right above current price, and a few levels of support on the flip-side. If we can break below the support @ $21.5k it looks to us like the price is going down to at least $19k, maybe further. Either way the path of maximum pain would be to liquidate some ultra-long bulls right now, giving us a nice 10 or 20% profit from this short! What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
KRAKEN:BTCUSDShort
by theCrypster
6
BTC Daily Chart - Falling Wedge Pattern - BullishI'm looking here at some BTC chart patterns to give me guidance on the overall crypto market. I see a falling wedge and uptrend. Some say to watch out for the double top (indicated as a dotted red line), but that "top" was back in August of 2022 and that was a totally different macro time. I think they are too far apart to be a double top, it's more like resistance at 25K.Disclosure: I trade and accumulate BTC and alt coins. Our web3 game project CroozeNFT. io is built on the Polygon Blockchain and we are invested in its erc-20 and NFT tokens.
BITSTAMP:BTCUSDLong
by fazerbeam
Analysis of Bitcoin price / Altcoins /BTC.D and USDT.D dominanceThis trading week may be relatively calm. Continuing the global idea published last week, we assume that this week will be a sideways movement to the right for Bitcoin price in the range of $22-23k. $23,000 is a critical level, and if buyers fail to secure the price of BTC above this mark during the week, further decline is inevitable. The first targets from below are the $20726-21026 trading range for BTCUSDT price. In our opinion, this trading week can be used for two purposes: 1. Exit from altcoin longs at more favorable prices than they are now 2. Search for potential entry points for shorts. Entering a short can be both for the purpose of a full-fledged trade and for the purpose of hedging your current long positions. The BTC.D chart shows that Bitcoin's dominance has all the prerequisites for continued growth USDT.D chart shows that the dominance of stablecoin has a growth potential of +15-20% Our interpretation of the information from these charts: "In the worst-case scenario, which we should prepare ourselves for, crypto community members will be moving out of crypto assets to stablecoins. At the same time, the price of BTC may fall much less than the price of other altcoins in %%, as the dominance of BTC will grow. We consider the chance of a -25-50% drop in the prices of most altcoins by the end of March to be quite high." We also recall that starting from 10.03.2023, the US macroeconomic indicators, which now strongly control "the move direction" of the global financial markets, will begin to be announced in a cascade. There will also be important crypto options expirations at the end of the month. But we will analyze all this in the next idea for BTCUSD In order not to miss it, subscribe to us!) And to motivate us to create content for you, write comments and like the idea!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
65
Bitcoin: Long at this position Hello everyone, after a big drop, Bitcoin has been consolidating and today I'm sharing my view on Bitcoin using a 15-minute chart. As you can see on the chart, there are clear and regular box ranges. Since there are such clear signals, we certainly can't ignore them. I have marked the specifics on the chart, and it will be clearer for you to compare it. My trading strategy is to buy in the current range of 22300-21800, with a target near 22900-23800. This is relatively certain, and the probability of profit is relatively high . The reason for this trading strategy is that I believe Bitcoin will rebound to fill the gap created by the recent big drop. Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment and I will help you with the most reliable solution in a responsible manner. Have a great day!
INDEX:BTCUSDLong
by triumphing
4
Important Bitcoin Alert🚨IMPORTANT BITCOIN ALERT 1HR Timeframe, We know that the 0.618 Fibonacci level is full of sell orders at the moment and we will see. It will be very hard to break, a lot of people are trying to catch up with the dump from there. Knowing that Bitcoin is BEARISH on the mid-term timeframe. So I believe that we will see a good short position from there. LIMIT ORDER that should be set and not forgotten. Limit: Bitcoin Leverage: Cross x20 Entry: 22750 - 22868 Targets: 22483 - 22041 - 21057 - 20500 Stop loss: 23212 Nonfinancial advice
Short
by AltSh
1
#BTCUSD - Drop back to 18.5k seems likelyWith a fresh Sell signal from Crypto Tipster v2 on #BITCOIN and a strong descending trend line to push the price downwards, we can see 18.5k coming very soon. The real question is How Much Lower Will it Go? If at all.. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
KRAKEN:BTCUSDShort
by theCrypster
8
Bitcoin short-term update - BTC at $24,888 see ideas from Aug 22Bitcoin short-term update (a) BTC overbought with perfect bounce at $24,888 - see my tweets from August last year👀 (b) correction to bearish target at around $23,455 would be healthy at all🐻 (c) next bullish target at $25,363🐂 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:BTCUSDLong
by Crypto4Everybody
9