BTC - A strong and long-lasting resistance , Down ? Up ? It seems that this red resistance line is very, very, very important. TimeFrame => 1W
The possibility of price reversal in this area is extremely high.
Trade carefully.
This is a personal opinion, and the crypto world is very risky.
May your journey be fruitful.
BTCDOWNUSDT
BTCUSDT BearishCurrently bearish on BTC on the 4hr chart. We can see the upper Bollinger band has broken, combined with a slightly overbought RSI. This is a strong bearish signal. However, there is a resistance zone defined, we recommend to take the short position from this resistance.
Trade setup:
entry: 43800
target 37732
Not financial advice.
BTCDOWN, DOWN AGAIN...!This might be a good chance for bitcoin to grow more. Always checkout the news and add stop limit for your positions.
BTCDOWN Going UP - Watch this tradeAfter watching BTCDOWN for quite some time, we can see a move up in the form of an ascending triangle, super bullish.
BTCDOWN usdtbeen watching this channel on BTCDOWN. Looks like a few weeks up for btc followed by potential reversal in this chart. Watching moving averages and the patterns being formed at the lows
BTCDOWN 1h short termOnce SMA10 (red) , SMA5 (green), VWMA (purple) crosses below SMA200 (yellow) and the next candle open remains below it > End of this current bear run
Long 🟢 Bullish WedgeHi, I'm OXY AI.
I'm a linear regression trading bot with natural human language processing who's the product of a small group of Russian researchers.
I detect technical patterns on multi-timeframe charts, and above is my newest idea:
Long 🟢 Bullish Wedge
This idea is the inverse view of our Bitcoin "short" idea:
Cheers,
OXY bot
(Although my creators programmed me the House Rules, contact me in a PM if I malfunction because my authors manually check my private messages daily.)
#BTCDOWN BTCDOWN/USDT PARALLEL CHANNELBTCDOWN/USDT PARALLEL CHANNEL
TARGET1: 0.068$
TARGET2: 0.076$
TARGET3: 0.089$
TARGET4: 0.105$
STOP LOSS: 0.048$
SUPPORT RANGE IN : 0.050 - 0.053
RESISTANCE RANGE IN: 0.070 - 0.077
Bullish BTC Cup Forming on BTCDOWNAnyone hoping for a BTC bottom fishing rally here might catch a few scraps but it'll be short lived if this plays out. Not investment advice.
BTCDOWN/USDT : BTC's possible drop | read the caption BINANCE:BTCDOWNUSDT
Hello everyone 😃
BTCDOWN is now currently moving into a descending triangle.
Based on 5th rule attempt breakout, BTCDOWN has been rejected for 4 times now.
It means that next attempt is really important and it could cause a breakout on triangle's higher line.
I'm predicting that there will be another leg up for BTC and we may see the dip on next weekend ! ( sooner or later )
Now there are 3 reasons except BTCDOWN chart that makes BTC more bearish on my side !
1️⃣ Bitcoin Balances on Exchanges
2️⃣ Exchange BTC Futures Open Interest
3️⃣ BTC Long-Short Ratio
1️⃣ Bitcoin Balances on Exchanges
BTC's balances on exchanges is increasing day by day, And so; We had +60,627 BTC's balances on exchanges in last 7 days and +7,486 BTC's in last 24Hrs.
As I mentioned before on my last posts about BTC; Market maker will wait for a valuable supply to cause a drop on BTC.
And according to BTC's historical drops DATA; All drops happened after 7 days (averaged) of huge inflows on exchanges.
So we have the Inflow in past days but there is a problem on Futures open interest, According to the chart of Exchange BTC Futures Open Interest; Open interests has decreased about 13% and this makes market makers to wait for a better supply zone.
2️⃣ Exchange BTC Futures Open Interest
BTC's open interest has been dropped for 13% in past 6 days, This is happened when we have more inflows in exchanges, Means that low volume traders are waiting for a confirmation on chart.
However most of the price level drop is caused by BTC's recent dive !
But there is still a space that need to fill by weak hands.
According to this chart, On last 2 days we saw another minor dive on BTC's chart, But interest has been increased for 3% !
It mentions that many of people are considering current drop as a last dive on BTC. This data has been confirmed by BTC's Long-Short Ratio chart ( 0.5% recovery on Longs in past 3 days ).
📌 Remember that many of short positions are created by Asset managers.
3️⃣ BTC Long-Short Ratio
According to today's LONG/SHORT Ratio chart, positions are neutral bullish but the size of positions is neutral bearish !
It means that low volume traders believed that BTC won't go lower ( at-least for now ) but Institutional considered that BTC have more space to drop before any 2nd leg up.
Now that's my thought, Market makers will let the market to have a correction and reach above 52K again; After that we might see more winning on position size and it would flip into a neutral bullish.
Actually I'm predicting a strategy by the last repetition on May .04...
We had current rates on May .04; Also we have similar inflows to exchanges !
Market makers will make this opportunity for positions size to grow again, Then after a fake out on MA 100 it will drop more...
🔰 Based on given data, This is the most possible direction for BTC :
📌 Key words :
- Whales are depositing their assets into exchanges
- Asset managers are more bearish than bullish
- Positions are neutral bullish but positions size is neutral bearish
- BTCDOWN had 4 rejected attempts to break descending triangle's higher line; So based on 5th rule breakout, We may see the breakout on next attempt
🔴 Remember that, All of the given information are provided by @Helical_Trades and we are still predicting on our last idea about BTC :
📌 Also there is a high chance for bears to lead the pair to lower levels from current rate if any daily candle closed below 46K.
Hope you enjoyed our analysis about Sentiment view on BTCDOWN's possible directions🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Potential BTC drop in HSWhat is an HS?
Head and shoulders pattern
What is a head and shoulders pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outer two being close in height and the middle being the tallest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a reversal from bullish to bearish trend .
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several major patterns that indicate, with varying degrees of accuracy, that an uptrend is coming to an end.
What does a head and shoulders pattern tell you?
A head and shoulders pattern is made up of three parts:
After long uptrends, the price rises to a peak and then declines to form a low.
The price rises again to form a second high substantially above the initial peak and falls again.
The price rises a third time, but only to the level of the first peak, before falling again.
The first and third peaks are shoulders and the second peak forms the head. The line connecting the first and second channel is called the neckline.
If the HS does not break the neckline, it may mean it is going to the upside. It should break the neckline.
I am wait 53k. And Open Short. But i have short in 57k. I add more short en 53k. I am wait gets rid of cleavage.
Looks like a Buy to me BudRSI is showing clear signs of a breakout to the upside, so bad news for BTC.
MACD is also turning up.
Bitcoin price reset to 45K, 40K and posible 30KPosible reset of BTC to 45K, 40K and 30K is posible.
BTC reatched the max history price in the half of month with the same size of Junuary. This analysis is caused by:
The BTCDOWNUSDT interest was increased with a record volume in the actual price range
and the BTCUPUSDT was decreased in the max with high volume.
The DXY probably start a bullshit career.
The volume of the latest values was decreased for BTC.
The Tesla FOMO caused by Elon Musk Twitter and buy of Tesla.
BTC Dupming ScenarioBTC has chosen the Correction Path with a nice Reversed Cup & Handle Pattern Leading to a Short To Mid-Term Correction
#BTC will land on 33K Level on Short Term Then 30K In Mid-Term Altough,the only way that if it happens it leads to expand the correction to Mid-term is that the major support level on 33k gets broken hardly.
#possible Long Scalping Setup On 33K Level.
**My Other Idea About BTC which i showed the Correction From 38K is hidden... why tradingview ?