Bitcoin Update On A 3DAY Chart-- PA Bouncing Off 200 SMA, Positive For A Possible Upside Momentum
-- PA MUST BREAK and HOLD above 50 SMA
-- Stoch RSI Ticking Upwards
-- Positive Volume Coming In, Market Is Buying The Bullish Idea
-- Possible Aggressive Entry Zone For A Possible Upside Momentum
-- Idea Invalid if PA breaks below 200 SMA
Bitcoinusdt
Waves ready for pullbackHello everyone
We are near to 0.5 Fib area and the weekly TF will be closed tomorrow so I don't think it will be closed without any wicks. Plus the volume is decreasing and there is divergence in 4h TF. Price is 62% down without taking any breath. I think price will jump soon (maybe on 0.5 fib) and the targets are 29.41 (0.618 Fib) and 41.54 (0.786 Fib)
Bitcoin Technical AnalysisThe bitcoin chart has formed an upward triangle and has a significant support in the range of $ 42,500 to $ 41,500, which I think if this range is not broken
we can see a bitcoin price pump.
$ 45,000 in the first phase, $ 48,000 in the second phase, and $ 52,000 in the third phase, followed by a big dump
BTC resistance danger zoneThis is the BTC resistance "danger zone" I've created for anyone who jumped the gun on a long position.
Once we hit ~T42,5k again for our double bottom, that is when I feel we are going to get a nice big ol' green candle to start us off running back up to test 45 again.
♠️🤫🐿
BTC technical analysis 4/2/2022 *NOT FINANCIAL ADVICE*51.4K within 12 days? (4/14/2022) based off inflection point on trend line
(arrow 1)
I think it will happen by Monday IMO (3 days) this is based on previous symmetrical top
(arrow 2)
potential marker for near symmetrical retracement based on previous high in bearish cycle (assuming our retrace up looks similar)
(arrow 3)
My technical reasoning:
-Ascending triangle was formed and a breakout was confirmed
-Triple bottom formed within the ascending triangle
(2 bullish charts is a good sign for me)
-Momentum & Money Flow Index are in line with Stoch RSI potentially confirming the start of a larger trend.
-MACD is on the cusp of a reset
whales & Institutional buys are the brunt of this next inflow.
I'm personally going long.
Anti-Hedge
BTC continues to old resistance levelsHi guys, in order to be safe, please manage your assets when BTC is in either of two red zones. these are very powerful resistance zones and lines.
have at least a profit by selling a portion of your assets.
a suggestion: on the first red zone, do not open short positions at all. (unless a very strong sell pressure is obvious, btw it's risky)
but on the next red zone, you're okay to put your 2way strategy to the test. even for a sell position, it might be safe.
but we will share ideas at that level.
ask your questions in the comment section below.
BTC Sell into a rally.Bitcoin - Intraday - We look to Sell at 44587 (stop at 45606)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
45332 has been pivotal.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 44500.
Expect trading to remain mixed and volatile.
Our profit targets will be 42004 and 41104
Resistance: 44000 / 44500 / 45500
Support: 42000 / 41500 / 40500
Bitcoin: Key price levelsChart Overview - Binance, BTC/USDT, 1D
ANALYSIS - 4 Key price levels are established using the fib ext. from the ATH to the low of the large subsequent price dump to the next high before we dropped once more to low 40k's. The prices are as follows:
0 - 52k
0.236 - 45.7k
0.382 - 41.7k
0.618 - 35.4k
Conclussion: For a bullish reversal the most ideal situation would be for bitcoin to pump above 45.7k today, I would give this a subjective 10% probability. I would also give a near term dump to 35.4k a 10% possibility. Most likely, IMO, we will see a close around 42 to 43k today, after that we will have to monitor the prices closely.
Personally I am bullish because of previous price behaviour and believe we are very close to the bottom of this dump which I believe to be 40.7k if we continue further on the bearish trend.
What do you guys think, have we seen the worst or is this just the beginning of a more prolonged bear market or is a bullish reversal imminent?
Thanks for reading.
Casey
DISCLAIMER: NOT PROFESSIONAL ADVICE
BTCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 1-hour time frame. The price was inside a triangle and after receiving support at the support line for the third time, the price was able to break our resistance line. It has now hit our resistance zone. If it is rejected, it can come down to the support line and if supported, it can move back up. If the support is lost, it will fall down to its previous support.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BTCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price hit the support line of the triangle and now is ranging over it. Given the long shadow by the 4-hour candle, it shows that the bears pushed the price down. Also we are inside a descending triangle which also signifies a bearish trend. You can Short it here for the first support zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BTC Sell a break setup.Bitcoin - Intraday - We look to Sell a break of 42588 (stop at 43606)
Daily signals are bearish.
Bearish divergence is expected to cap gains.
A break of the recent low at 42588 should result in a further move lower.
Our profit targets will be 40044 and 39144
Resistance: 44000 / 44500 / 45500
Support: 43000 / 42000 / 41500