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Btc_analysis

Bitcoin Getting Weaker and wants to dumpBitcoin/1H chart we see a rising wedge , these wedges usually endup with a wick to the upside then make a bigger move to the downside. we could say the wick to the upside was the CPI move which was not eye catching due to BTC getting weaker every rip it makes.meaning every upwards it goes it comes down harder. After CPI btc came back down inside the rising wedge range and ONLY tested it once which endedup in a DOJI candle showing decent rejection. one of these upwards movement will endup with a capitulation candle towards downside depend on SPX first hour of the market we could possibly wick up to ~22800 before major move to the downside which I think today after MMers digest the CPI and market situation which is getting worse. they start dumping it. If you like this Please consider following,boosting,sharing. really motivates me to do more check link to related ideas for in depth analysis+liquidation review Thanks for reading
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin is going down hard and fast❗️❗️Attention Please: New downtrend started , do not attemp to rekt yourself by longing 🔻BTC/3H,So After we exited our rising broadening wedge we came down to the light yellow line which its left side is the TOP of the left shoulder Three possibilities : First(Number 1 on chart):A pennant forming here ( two white lines ) and after that another leg down around ~20506 then bounces back and retest the top of the light (yellow line) and consolidate there untill next wick Second(Number 2 on chart):consolidation here following a retest towards the dotted yellow line and then slam it down below 20K today . Third(Number 3 on chart): its gonna crawl up today and grab liquidation cluster untill 23K and consolidate there. The orange rectangles showing when Bears started to take control of market.On daily u can clearly see bears are just entering the party and bigger RED candles yet to come There is also a head and shoulder in play that you can check from the related idea
BINANCE:BTCUSD.PShort
by pcmonk
BTC going for a down trendBTC/1H - still in the rising broadening wedge with white up trend line as resistant and pink up trend line as support We had some move through the weekends which was totally expected and now btc about to make new extreme to the down side after trapping more longers if we lose the dotted yellow line ~22519 we could wick down to 21600 and after a retest there continuation to ~20795 or lower. If you look at 4H zoomed-out ,u see we really didnt have a proper pull back which tells me something is Fishy about this pump. #BTC #crypto #technical_analysis
BINANCE:BTCUSD.PShort
by pcmonk
1
BTC bullish view ! Price might go up !Hi lads. BTC is still at the bottom of the ascending channel and trying to find a support at the moment. With SPX500 and NASDAQ being bearish with strong sell volume, BTC could go lower to 19.5k area at some point. But the important support area is between 19.3k and 20k area. I think bitcoin will find support at that range will head to higher levels. As i said before, BTC is still in its bear cycle. it is bearish in mid term. but i expect a short term bullish move. Support levels and resistance areas are clearly shown in the chart. Good luck and trade safe.
Long
by Mihan_Crypto
2
Bitcoin mid-term view. Two possible scenarios !!Hello. As we all saw, yesterday bitcoin just failed to break up from the bullish wedge and we saw that price dumped over 15% and touched 35.k area and just broke all the support areas at 37.5k and 36.5k. For now, bitcoin must hold 35k strong support area if we want to see a pullback to 40k and above that area again.Unless BTC holds 35k area, then we will go for 28k - 30k area very soon. there are two possible scenarios. 1) BTC may bounce to 40k area in order to hunt those big short position stop losses and to liquidate a few hundred million dollars and then another dump to 32k could happen. 2) BTC may continue going to lower levels of 32.5k and 30.5k levels. I personally think scenario 1 is more likely to happen. i think another pullback to 40k levels is very possible before another further downtrend. As soon as we received a confirmation of another pullback, we can open some long on a few altcoins. but for now we havent received the confirmation yet. so it's better to wait a little bit more to find out which scenario is going to play out. Best regards. Please dont forget to like and also follow me. i will be posting about altcoins and mostly about bitcoin regularly from now on.
by Mihan_Crypto