Btcusdlong
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is falling wedge pattern
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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Fly BTC! My body is ready!I excluded a lot of details on this BTC chart to get back to basics and drew only long-term trendline.
There are a lot of other signs of BTC bottoming or very close:
1. BULL DIV RSI
2. BULL DIVS MACD
3. FEAR INDEX - EXTREME FEAR LAST WEEK
4. WHOLE MARKET UBER BEARSIH
5. PITCHFORK 2 EXTENSION SUPPORT
6. BTC CREATED A HIGHER HIGH ON A SMALLER TIME FRAMES.
7. DAILY ICHIMOKU ABOVE THE CLOUD
8. ...
BTC BETWEEN THE RED AND GREEN LINE : 18K THE KEY LEVELBTC did know better times than this, and with the last time's trend, it was able to enter a new uptrend market.
The market was looking great, and FTX news did change all where the markets did break down, but what next?
BTC is at this moment still positive for a low time frame as long it hit not the red line.
The red line means the first confirmation of a downtrend where BTC should not go below 14K, If BTC hit 14K it could break down much more.
For now, there is no reason for this breakdown as the price of BTC is above the red zone.
Price action to 18K would mean there will be more volume into BTC which could bring BTC back to 22K
Until now the trend seems stable and goes between the 2 zones.
I call it positive as it has a good chance to return.
The study shows as long as the price action is 14k+ means a good chance for a return.
BTC/USD 1M CHART
This week Might be the Final week of the bear market 📉.BTC may consolidate at 14k. As I already said altcoins will dump badly and you all will hear BTC and crypto gonna die but it will never happen.
As BTC touches its bottom I inform you All.
That will guys it’s not a bottom. So keep your portfolio in USDT.
In the coming days, you may hear that BTC or Crypto is gonna die or something like this.
So don’t respond to such kind of news.
The real bottom will be 14k Wick may go down.
Also, Don’t take entry in Altcoin at this price.
Alt will dump so badly.
I will recommend some altcoins soon.
But Now take a side and just observe how they behave with retailers.
Patience is the Main key in Trading.
So take Care of yourself and Know the value of Your Money.
Best of luck 🤞. be the time for entry If you miss this opportunity you will miss everything.