Btcsignals
BTCUSDT can ascend further!➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern and Pullback is complete it. means price can rice to top of channel.
🌟 Bullish signals in the PRZ area are:
- Dynamic Support
-Broadening Wedge
⭐ Note if the Dynamic Support is broken downwards with the strength of Bearish candles from the bottom , this analysis of ours will be failed.
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Bitcoin- Stalling at resistanceBitcoin reached 30k resistance zone again, but, instead of up continuation, the coin is stalling and a reversal could be next.
Considering the importance of the zone and the fact that BTC is by far out of the woods, we could see a continuation of the downtrend in the next months.
My first bearish target is the support trend line of the recent channel, but, as I said, a break under would lead to down continuation and a new low under 15k could be next for the next 6 months or so.
Anyway, in the short term, spikes and possible rallies should be sold with a 28k target followed by 25.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Given support at $30,282 remains in effect, good attempt on $31,010 yesterday but failed, last 4h closed poorly. 1D closed with bullish engulfing but current daily not looking good with 19h to close expecting good close if not a follow thru. Supports remain at risk.
BITCOIN Strong long-term buy signal by the BBWP!Bitcoin (BTCUSD) just flashed one of the rarest buy signals on the 1W time-frame. The Bollinger Band Width Percentile (BBWP) bottomed at 0%, giving a narrow width signal. Historically, when the price was above the 1W MA20 (red trend-line) during that signal (4 times/ green circle), it skyrocketed shortly after, while when it was below (1 time/ red circle) it dropped massively.
At the moment the price is on the 1W MA20 and it will be interesting to see if BTC closes above or below it, as it can influence the trend of the coming weeks. What do you think, will it close above it and skyrocket or below and decline? Feel free to let us know in the comments section below!
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BITCOIN The Megaphone bottoms lower, unless this breaks first.Bitcoin (BTCUSD) made a new Lower Low since the short-term Channel Down started on April 14 and is rebounding in the past five hours. The long-term pattern remains a Bullish Megaphone and this Channel Down is the corrective wave towards the Higher Lows trend-line. For as long as it holds, it is likely to see it bottom on the 1D MA200 (orange trend-line) just like it happened on the March 10 Higher Low.
Be prepared though to buy earlier if the price closes a 1D candle above the 1D MA50 (blue trend-line), which hasn't happened since May 06 (exactly 1 month ago). In either case, our target is the next Resistance at 32400 (May 31 2022 High), which is where the 1W MA100 (red trend-line) is headed to, the last remaining MA Resistance.
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