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Bitcoin- will it become bearish again?After January's low, Bitcoin has started to rise and even has broken above 45k resistance. However, this break has proven to be a false one and after a few days of consolidation above that level, the price has rolled back down under. Looking at the daily posted chart we can see that the rise is corrective in nature, lacks impulse, and is drawing a flag. Now the price is above 43k local resistance and a break here would expose the very important 40k confluence support. A break under 40k would be very bad for bulls and could signal further losses under the previous recent low and even under 30k. Only price back above 46k would change this outlook.
COINBASE:BTCUSDShort
by Mihai_Iacob
17
Bitcoin At A Critical Level (BTCUSD)Bitcoin is trading to the top of its 3 month balance area. This level has presented as strong overhead resistance this past couple of months. A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days. More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say that because ranges are more common than breakouts, and Bitcoin has been rangebound for all of 2022. The next few hours should reveal either a breakout with immediate follow through, or a test/reject reversal from this level. Remember, trade what you see, not what you THINK should happen.
CME:BTC1!Short
by iamroot
EUR/CAD : BEARISH BAT IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #EURCAD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish BAT With potential in daily timeframe - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
5
BTC/USD - Bulls Folding or Fake Out to come? @AlpoCrypto BTC/USD - I get asked a lot - When will the bulls be back? My answer is simple, we all want to be bullish but when the facts on the charts are pointing toward an ultimate bearish scenario a bulls mind can change very quickly. What we are seeing on the daily chart above is a huge 16 week accumulated wedge on BTC. We had a double top around the $7,750 - $7,800 mark which was almost one of the most predictable moves ever. We also dropped out of the falling wedge on the 4 hour time frame and found huge resistance on the previous support. I do think this market wants to see a lower BTC price and I feel a bearish market cycle needs to end in complete pain on some peoples ends, it needs to shake out literally every person that cant handle any more.. Are we close? Hmm I think we are although I play the charts as I see them and at the moment I feel a daily close below this wedge would give us the confirmation of a 6k region BTC even potentially lower if key supports are broken. A hold on the support here would be a great sign that there is buying pressure in this market. A scenario to definitely watch out for is a huge fake out. A long wick here on the daily to hunt stop losses and liquidations would be an ultimate bear trap. So I wouldnt be tethering or taking huge short positions till we close below on the daily. Dont be foolish for a few hundred dollars. Lets see how this plays out. Message me on Telegram @AlpoCrypto to chat or join my VIP signals group.
BITFINEX:BTCUSDShort
by Alpo_