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Btctechnicalanalysis

Has Bitcoin stopped its decline?Is it possible to go long BTCYesterday, Bitcoin plunged as low as near 26942, and tried to break below the 27,000 integer mark successfully. Then Bitcoin is likely to continue to decline in the market and seek support below 27,000. From a structural point of view, after the Bitcoin bears released the pressure of the technical top divergence, they are currently undergoing shock digestion treatment.So has Bitcoin stopped the decline and can you go long BTC/USDT with confidence? I don't think so. Since Bitcoin has tried to fall below the 27,000 integer mark, Bitcoin will definitely continue to test downward in the later stage.Judging from the current strength of Bitcoin's rebound, Bitcoin's lack of rebound momentum shows that most traders are still in a wait-and-see state and dare not enter the market easily, which makes it difficult for Bitcoin to maintain an upward pattern.And there is a strong resistance area of 27800-28000 above, and a further resistance of 28800; while the lower support is in the 26600-26400 area. In addition, special attention should be paid to the need to beware of the traps of technical inducement as much as possible, and to avoid the rising market caused by the behavior of traders who are trapped in long-term self-rescue as much as possible.Therefore, for Bitcoin trading at present, avoid trading traps as much as possible, and do not directly short or long Bitcoin for the time being. If there is a good trading opportunity, I will announce it on the channel as soon as possible. Please pay attention to the trading signals in the channel.
Short
by Short-term-king
In my opinion, the next ascending peak will be around 36142$.I haven't learned Elliot Wave Counting, but I think Bitcoin's movements are in the third wave. The recent down move is definitely a correction and it will be at least 50% Fibo bearish until the price of 24755 as it should reach the trend line. Even if you check the Ichimoku on a daily basis, you can see that the price has to reach the first Tenkensen, but if 24755 is the last point of decline, which I think, then the uptrend will start at 24755 and the next bullish peak will be. It will be equal to and about 36142. So we will have an ABCD pattern. Good luck
BINANCE:BTCUSD
by khosrooparviz
Bitcoin wants it higher but bears dontBitcoin\1H consolidating after breaking the down wards parallel channel and making a new extreme to the upside ~23.6.It could go up to ~24.1 where a big liquidity cluster is and come back down after that. **Next stop for bitcoin could be around 20500 where the CME Gap is** Please Boost,Follow,Comment if you find this video informative. We yet have to see a flood down to around 20K or even 19K. With SPX testing the biggest resistant line as a support ,today after a retest it will lose it and flood down thus btc will follow .
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin Continues Fake Pump Ends SoonBitcoin/1H afer it did a stop loss hunt at 22.7 it found support and came back to 23K where it did a break of structure and exited our down side parallel channel (two purple lines) resulting in a leg to the upside. Its Planning to do a liquidity grab untill ~24.2 with a possible wick up to 24.6 depending on the momentun and the volume for the rest of this ride after that it will not only retrace back but further down maybe even filling 20K gap on CME. Chance of a great short from 24172 to 24.6
BINANCE:BTCUSD.PShort
by pcmonk
1
BITCOIN ABOUT TO BREKOUT OR FAKE OUT!- As we can see whenever BTC broke the trend line to the upside a BULLRUN started! - The same could happen again, let's wait and see. - How-ever with everything going I believe that it could breakout touch ATH again and then crash again causing HUGE FEAR into the market to FUD out all retail investors to sell to the elites at a discounted price and then once BTC reaches the peak AMATUER AND EMOTIONAL RETAIL INVETORS will buy at the top! - NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARCH - ONLY INVEST WHAT YOU'RE WILLING TO LOSE!
BITSTAMP:BTCUSDLong
by ALTCOIN_BEAST
3
BTC Short Trade Update - Is the Dump over!? Relief incoming?BYBIT:BTCUSD CRYPTOCAP:BTC BINANCE:BTCUSDT COINBASE:BTCUSD BTC Short Update - Is the Dump over!? Are we about to have a relief Rally? I go through why I took a short trade before the dump and why I stayed in the trade. See one of the reasons for the trade here: Also look at a possible reversal area and the scenarios that could play out. Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
BYBIT:BTCUSD.P
by zartraderguy
What's around the corner for BTC from Elliott & Wyckoff on 1D?!My TA on 1D is based on Elliott and Wyckoff pattern. I did not include any indicators for this TA as at this time they do not show any confirmation for the price reversal. This may take a few days given today's drop. Therefore, there is no need to disregard a possibility of a price falling further down to around 40,300 USD or even to 33,500 USD. It may happen! However, currently the price is bouncing off the local descending trend line in black colour and also off the blue colour line. The vertical volume shows divergence against price for the last 5 days (see the last 5 red candles). Along with its yesterday's longest red candle such action indicates a price reversal. I will update this TA as price action moves along, so keep track of it!
INDEX:BTCUSDLong
by WallStreetFox
4
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that BTC is trading sideways currently and stuck between the price level of $29k - $31.5. Currently, BTC trading on a local support level which is $30455, and a moron green candle are likely toward the upper resistance level. If we consider the whole structure, Cleary observed that until BTC breaks this pattern towards any side up or down, the next move can’t be predicted. In the short term, BTC will move upside towards the red resistance zone now. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
#BTC/USDT 1HR CHART UPDATE !!Hello, traders welcome to another BTC/USDT chart update. As we can observe from the above-mentioned chart that BTC is trading inside the triangle pattern on a green support zone or the lower trend line support in this hourly chart. Here RSI moving upside and MACD already printed bullish cross over. 25min remains for a candle close, here BTC needs a candle close above the red dotted resistance level and needs a break above this triangle pattern. Break above and retest to this triangle pattern will lead BTC to gain some green candle towards the upper resistance level at the price level of $30600. A candle that closes below the lower green support zone will be the invalidation point of this chart analysis. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto