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Btcanalysis

BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
BINANCE:BTCUSDShort
by fxtraderanthony
BTC LONG TERM Since the end of March, the market has been experiencing a low-volume phase . Currently, even though we observe a potential double top formation, the market is unpredictable. Our $40,000 expectation remains unchanged, but before that, there are two highly possible scenarios: 1 - Making a new bottom around the $28,300 level and continuing its path. 2 - Performing a liquidity cleanup between $25,250 and $26,000 and continuing its path. Whichever of these two scenarios unfolds, it will present a buying opportunity for us.
Long
by CryptoSignalAPP
Bitcoin and 🚩Symmetrical Triangle🚩Hi everyone👋( I hope you had a great weekend ). As you know, trading volume is low on Saturdays and Sundays (generally). After breaking the 🟢 support zone($29,850-$29,480) 🟢, Bitcoin has started to form a Symmetrical Triangle Pattern this weekend. 📚The Symmetrical Triangle , which can also be referred to as a coil, usually forms during a trend as a Continuation Pattern . The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended, and the symmetrical triangle takes shape.📚 💡It is interesting to note that when Bitcoin hits the upper line of the symmetrical triangle pattern, the Volume of Trading is higher than when Bitcoin hits the lower line of the symmetrical triangle pattern. This happen shows us pressure of sellers is high. 🔔I expect Bitcoin to move towards the 🟢 support zone($28,450-$28,080) 🟢 ⚠️ after ⚠️ breaking the lower line of the symmetrical triangle . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Congressman Patrick McHenry: Bitcoin is a “Financial Revolution.” Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children. 🌐➖ Negative News ➖🌐: A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved. -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
64