Get started

Btcfundamentals

BTC/USDTRectangle Pattern Up Trend The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines. The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another. To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
Long
by majidalisabir
Bullish deep crab harmonic on btcBTC is developing bullish deep crab harmonic on a daily chart which will complete at $12,884 which is its PRZ(Potential Reversal Zone). Price will bounce back from this level to the upside. On a weekly chart we have another bullish deep crab harmonic developing which will complete at $3,752. Remember this is a weekly chart so it can take months to complete but looks less likely that we will see BTC price to see bottom of 2018 but considering world's financial crisis ANYTHING can happen to crypto because crypto is MOST volatile of all financial markets in the world. We will see good days next year summers In sha Allah.
BITSTAMP:BTCUSD
by NasirCrypto
Rising wedge + bullish shark on BTCBTC is moving inside a rising wedge (bearish pattern). Price needs to hold the ascending trendline level, upon breakdown technical target of the pattern is $19,096. Bullish shark is developing which will complete at rising wedge technical target or $18,826. Right now, we are at critical situation due to CZ planning to sell FTX tokens and many people building up big shorts on FTX. If this happens then whole crypto market will face the consequences not just FTX. This will be another LUNA like situation, SBF is already selling his Solana bags to control FTX price reminds of how Kwon was selling BTC to control LUNA and UST price but failed miserably so be careful with your trades as fundamentals + technical are looking bearish as hell. We have mid-term elections in USA on 8th plus CPI data coming on 10th.
BITSTAMP:BTCUSDShort
by NasirCrypto
5
BTC making Double Bottom on dailyWe have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805. Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.
BITSTAMP:BTCUSD
by NasirCrypto
2
BTC making 2 bullish shark harmonicsLeft Chart : We a have a bullish shark harmonic in process of developing which will complete at $17,870 level, Invalidation or stop-loss for this will be $17,032. If this level breaks down then we will possibly stop at $13k-$15k levels although I still feel we won't go down that further but anything can happen in crypto. Right Chart : Bullish shark harmonic identified on a daily chart which is in play at the moment, Invalidation point is $17,994 and near to that another 🦈 will complete. So we have 2 confluences for bullish price action and I know most people would find it funny but in these dark times we do need something positive. Lets see what unfolds in coming weeks.
Long
by NasirCrypto
2
Bitcoin moving in symmetrical triangleBitcoin is moving inside a symmetrical triangle on a daily chart. Break down target is $18,950 and breakout target is $21,003 Price has been ranging between $19650 to $20400 for over 11 days now. This is considered as a boring market. People are mostly longing from support and shorting from resistance. We will soon see a move on either side because we have some events lined up in coming weeks Sept 13: CPI data Sept 15: ETH merge Sept 21: FOMC rate hike decision September is considered as one of the worse month in crypto, But we know BTC goes opposite of the herd mentality Most of the people are of the opinion that we will see $13K, You can't just out-rightly say this. You have to go from level to level. Firstly we need to break down from $19500 level to see $17K which is a strong level to break. It would be catastrophe for crypto if we go below this level, Like I said bottom is in already and we will consolidate for 2-3 months maximum before moving to the next cycle. Stay patient because you have survived this bear market so you will reap rewards of bull market.
Long
by NasirCrypto
BTC/USDTFalling Wedge Formation in 1H timeframe..!! In the case of an Upside Breakout, I am expecting a +10% Bullish Wave. Falling Wedge Formation The falling wedge is a graphic pattern of reversal of a downtrend in 68% of cases and continuation in 32% of cases. When the Falling Wedge occurs in a downtrend it is considered a reversal Falling Wedge or falling reversal wedge to announce a trend reversal. However, when the falling wedge occurs in an uptrend it is considered a consolidation falling wedge or falling wedge pullback to signal a continuation of the previous uptrend.
BITSTAMP:BTCUSDLong
by majidalisabir
AKRO/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. A true breakout will have a more significant volume than usual.
Long
by majidalisabir
8
BTC bear flag breakdown target $7075We have discovered that a bear flag was made and it broke down, Technical target of that pattern is $7075. I am NOT saying this is going to be a hit for sure but just sharing this analysis which we recently discovered. We might see a retest towards $21500 and then break down. Another confluence is rising wedge on 4H, Technical target of that is $18,474. We are poised that macro environment is not favorable for bulls in anyway as the structure of the market is making lower highs which MOSTLY leads to lower lows. Lets wait for monthly closure to analyze further price action.
Short
by NasirCrypto
4
BTC Relief RallyBTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line. Scenario 1 BTC will range between $20300 to $23000 for sometime and then break out towards $25k to $28k possibly making a bear flag and goes down towards $19k-$15k. Scenario 2 BTC will simply break down from here towards $15k-$19k and we will bounce back up for a relief rally towards $30k levels or higher and then we go down again.
by NasirCrypto
2