BTC. You will be surprised.Long accumulation usually leads to a surge in volatility. For half a year, Bitcoin has been moving sideways. Many are waiting down, but shorting is extremely dangerous. Two ascending triangles could be the start of a major bullish move. It is likely that price movement can be wild in both sides. If price goes down by 20%, then the global ascending channel is broken.
Btctrend
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke $28,298 support, currently testing to hold. $27,994 support in effect, 4H RSI looking good, Previous daily close failed to follow bullish close from Tuesday, last daily closed bearish. Current support range $27,478-$27,994. Must hold $27,994 to reattempt $28,781
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Bearish engulfing played out dropping towards $26,650 support which held as expected being a key support, $28,781 resistance testing as of now, RSI on 4h oversold, bullish engulfing coming up on 1D with RSI approaching oversold region, next key resistance $29,742, Current support $28,298, gaining $29,742 will help test $30,623.
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise.
In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye.
Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing.
I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed.
If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies.
Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
BTC - 12/10/23Bitcoin looks lost in this area with nothing much other than a tap of the $25600 FVG looks likely, we might push up to the $26930 area first to tap into that FVG left from the fall yesterday but other than some good news the CPI and FED announcement could send this down fast if bad news is posted!
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
btc midterm analysis Comrades, in the 4-hour time frame, Bitcoin is moving towards the supply area in the form of cp. I think it will reach the area in 1-3 weeks and dump from there.
The maximum target is $29,700 and they will probably move from there to the following targets
$28,588
$27715
$26,850
$25,250
BTC 1H Comrades, Bitcoin is suffering between $28,500 and $27,150. This analysis is in a one-hour time frame and only gives you a view of a maximum of two days.
Well, in this area, you can short in the upper areas and long in the lower areas with specific stops and targets
Now, if one of the areas is broken, it can move in that direction. I think it will probably break above 60-70% and fall one time frame above the supply area.
If you want not to trade in the opposite direction, be careful in taking short positions
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Good swing following up to bullish engulfing on 4H from yesterday, put a wick at $28,298, $27,994 holding strong yet. Last daily closed with bullish engulfing, Needs volume on current 1D to follow thru, current support at $27,478. Resistance ranging $27,994-$28,298.
🟢BTC - Falling Wedge in Rising Channel"As you can see, Bitcoin is in a rising channel on the 4-hour timeframe, and now we can observe a Falling Wedge pattern. As you know, the Falling Wedge pattern is one of the bullish classic patterns that can push the price higher towards the top of the channel. However, don't forget that eventually, the rising pattern must break from the bottom of the channel, and the falling channel must break from the top. So, please pay attention to risk management.