Bitcoin price analysis
According to Bitcoin chart data on daily time frame
Bitcoin is in the support zone (red zone).
My personal analysis:
According to the following analysis, which is related to the total market and dominance of Bitcoin
As indicated in the chart (blue circles), the price has broken its two hundred day average and entered the upward phase, and then the pullback has hit the two hundred day average again.
According to the price performance in the Bitcoin chart and the Total Market and Dominance Bitcoin analyses, I expect the price to grow up to the specified areas (purple areas).
Trade smartly
Btctechnicalanalysis
BTCUSDT 4hHello guys, Hope you well.
as I explain to you we lost the uptrend and consolidate, it is the form of market that trader lost their money, I waiting for complete this setup, and sell bitcoin to 25500 zone ,
SecondChanceCrypto
⏰26/April/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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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.
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
I made a Long for BItcoinBitcoin return to $29900
Long. Using Gartley Harmonic pattern,
reaching harmonic D with X as support unless it breaks the support and continues to drop.
if not i will go to long as it creates the E in harmonic for long target
in the level of A and C Trendline with divergence in between.
I made a long for here, with a tight stop loss.
1 is to 10 profit for spot.
Trade responsibly.
BTC going Bearish?BTC already broke the 297xx and is now trying to break past 286xx resistance which is now I'm looking as my support. If it breaks it then it is possible we face another sideways market for days in range of 265xx support and 286xx resistance. Once the said 265xx It could mean we are possibly going to experience a more downside momentum.
This is not a financial advice, please always do your own research.
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 .
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
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!
Making a million - stage 2!To make sure the project has order, it would be wise to dedicate a page for each stage of the project. Stage 2 is now in action: trading within a range of 600-1,500 USD. Accordingly, I will provide my TA on this page with entry and exit points until I move to the next stage. Let's start!
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
BTC/USDTInverse Head and Shoulders Chart Pattern
Inverse head and shoulders is a trend reversal chart pattern and are the opposite of the Head and Shoulders one. Theoretically, the height of the two shoulders must be the same, and the neckline – be horizontal.
However, the shoulders are often not of the same height, or the neckline ascends or descends. The price objective of this pattern is equal to the height between the top of the head and the neckline.
BTC/USDT(Rising Wedge Pattern)
The rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish
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!
BTCUSD Technical Analysis 20/7/22Previous trade played out beautifully, We broke out of downward MM channel, my hypothesis is that 16k was the bottom as seen by the bounce off ob and previous bull high. We should likely see a retest/momentum reset before a HUGE bart up signifying a brand new bullish cycle. Cam't wait for this and as always, safe trading muh hombres ~Cas
BTC/USDTDescending Broadening Wedge
Descending broadening wedge is a type of wedge pattern. A wedge is a structure or pattern with one thick end and one thin end.
In the case of descending broadening wedge, the starting point will be a narrow end, and the ending point will be a thick end because it shows the expansion of the price wave.