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Bitcoin in rising channel, downside potential to 21.3k - 21.7kWe're in a rising channel and have been for some time. It looks like everytime we touch or approach the top of the channel, we bounce down off it for about 7 days, hit the bottom of the channel and then in about 5-6 days reach the top of the channel again and repeat. Eventually this channel breaks to the downside or upside as they always do. Scenario 1 marked in blue, we've potentially hit the top of that channel. Scenario 2 in red, we have a few days more to go with a little bit more upside, perhaps 25k. My opinion is that we break this channel soon and more likely to the downside due mainly to the macro-economic environment we're in. It will take people a while to realize just how much their purchasing and borrowing power has went down.
BITSTAMP:BTCUSDShort
by kievanrusbazaar
2
BTC/USDTIn the previous educational post, I posted about Rising Wedge patterns and in this post, I have explained Falling Wedge Patterns. ( Falling Wedge is the opposite of Rising Wedge pattern; for every chart pattern there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates a bullish signal, Falling wedge patterns forms with Lower highs and lower lows. The Falling Wedge pattern forms in two shapes same as the Rising Wedge; If the Falling wedge pattern forms in an uptrend it will make a continuation and if the Falling wedge pattern forms in a downtrend it will make a reversal. The Lower highs and the lower lows along make a trend resistance and trend support. When a breakout occurs upside, the price breaks the trend resistance line. In a Falling wedge, a breakout occurs upside 60 to 70% of the time. To confirm a true breakout, we can take the help of Volume and other indicators. In a true breakout, there will be big volume than usual.
BITSTAMP:BTCUSDLong
by majidalisabir
2
BTC/USDTRight-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline. The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled Broadening Wedges (DRABW) have a descending trendline below the horizontal trend line with price action in between. With both versions, the price broadens over time. Prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline. Breakouts from these two patterns often follow a partial rise or a partial decline.
Short
by majidalisabir
Bitcoin 10days Cheat sheethey everyone hope you all are doing good . i am using oscillator this time to find bottom and and i believe we have already made bottom and we could wait until july-august for another final bottom before making new highs . you can see the bottom was found around -14, -18 , -10 , -21 & -15 but final bottom i expect to be near -25 after it we will see new highs but until then i have made a cheat sheet of btc price action which can help you all for intraday levels as we going to consolidate until july. Good luck
COINBASE:BTCUSD
by FxSniper_
Bitcoin Daily Chart Update Hi Traders, Here's my view for Bitcoin in the next few days; if we don't break the Red Box with a Daily close above 46k, I think we will have a new Bottom at one of the mentioned area in the chart! $31k ~ $28k. This scenario will fail once we close daily above $46k. Entry would be at the mentioned levels, or after a Daily close above 46k! NFA, DYOR, and Good luck everyone. Let me know what do you think in the comments! smash that like button if you like the Idea!
by ScalperDotCom
$BTC Update 15m Chart - Fake Pump? Will Continue or reverse?Hi trader, this is an update to the last Trade Idea for #Bitcoin, There is a possible Adam&Eve Forming which lead to the 40800$ level if the pattern successefully confirmed. If you bought at 41700$ I suggest Moving your StopLoss above your entry, or at Break-even, or even taking some profits. Remember, the pattern may fail, if this happens and we break the 43400$ Level, then I will be buying with a StopLimit too at 43400$, second entry confirmed with a stoploss at 41600$ (1H close below 41600$). DYOR, & Good Luck. Let Me know what do you think in the comments! Press that Like button too.
by Mouatazz
Which Way BTC ⁉️BTCUSDT | Weekly: One major lesson this week is looking at Bitcoin bigger picture. See what the macro charts are saying, they give clearer path, and predict possible drops or rise. The recent drop was clearly inevitable based on these macro data. Before we see another ATH for bitcoin is estimative 21-24 Weeks out. 5 - 6 Months out. That is definitely Year 2022!! ANALYSIS: ** Golden pocket bounced nicely in last drop ** Confluence at these area with weeks-long old support ** Short-time move upward was rejected at the "mild resistance" //MA 20 confluence ** Bitcoin is expected to continue consolidation in the current range Worst Case Scenario: ***** Because Bitcoin is a play tool for the whales, I do make allowance for exceptions ** If GP , current Support is broken by any means, Fib .786 is the ultimate reversal point. This is at $37k BTC . It will be reasonable to trade smaller TFs this period for day traders . HODLers will have to wait long time for another ATH. Follow 🚶 @CryptonKidd for unbiased analysis and insights on Altcoins. Check linked analysis on former analysis where I warned of this crash danger:
by CryptonKidd