✂️Bitcoin LOST the support line✂️(1-hour time frame)It seems that Bitcoin managed to complete the correction structure of Double Three Correction(WXY) in the last three days.
The 💡 Sign 💡 of the completion of the Double Three Correction structure can be the breaking of the support line .
➕Also, if we look at the RSI indicator in the 1-hour time frame, we can see the 🗻Double Top Pattern🗻 , and I expect the RSI to move downward in the coming hours .👇
🔔I expect Bitcoin to attack⚔️ the 🟢 support zone($29,860-$29,420 )🟢 again after breaking the support line .
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Btcusdshort
WILL BLACKROCK BTC ETF GIVE BTC UNEXPECTED $31K BREAKOUT?BTC is currently maintaining a stable outlook following the recent downward trend. Since BTC has not dropped below the 23K mark, it is holding a crucial level of support.
The main question now is whether the upcoming BlackRock Bitcoin application will impact the price movement.
From a broader perspective, BTC is still considered to be in a positive position. If BTC manages to sustain its upward trend and avoids dropping below 23K in the short term, there is a good possibility of a new breakout. This would result in an increase in price, pushing it towards a significant resistance level of 31K after reaching 26K.
it's important to check the coming time frame, which can play an important trend for the main BTC side.
The bullish long-term view if the trend holds the levels can be $47K
BTCUSDT/ Bitcoin will go downBINANCE:BTCUSDT
I really hope that in the near future we will see a rebound in order to take out all the shorts and only then go down. I am deeply convinced of the realism of this picture, I did not think that everything would come so early, I expected such sharp downward movements closer to autumn. Not an investment idea. All profitable trades. Follow me and more likes please ❤
💡Signs of the FALL of Bitcoin(4-hour time frame)💡Bitcoin has NOT seen an upward or downward Sharpie movement for about 12 days and is moving in the form of a Range market ; this Range movement generally causes the formation of a Rectangle pattern .
Bitcoin is currently moving above the rectangle pattern and the 🔴 resistance zone($31,420-$31,220) 🔴.
💡 Signs 💡 of Bitcoin falling again from the resistance zone can be candlestick patterns: Hanging Man , Shooting Star , and Marubozu Candle .
Also, if we look at the RSI indicator , we can see that there is a strong Regular Divergence (RD-) between two consecutive peaks inside the rectangle pattern. In addition, the RSI indicator seems to be issuing one of the most reliable sell signals, the Bearish Failure Swing .👇
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern after breaking the uptrend line .
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin decline after completion of pullback(1-hour time frame)Hi everyone👋 (Reading time less than 2 minutes⏰).
First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇
Bitcoin started to decline after contacting the upper line of the rectangle pattern ; the first support in front of Bitcoin was the uptrend line .
Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢 support zone($30,700-$30,560) 🟢 a few hours ago.
Bitcoin is currently completing a pullback to the broken 🟢 support zone($30,700-$30,560) 🟢.
Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA , which is a sell signal , and the resistance in front of the Bitcoin are 20-SMA and downtrend line , which has reacted well to this extreme move in the previous two minor pivots .
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin: H4 analysis (SHORT)Hi guys
I hope you have used and benefited from the previous analysis.
Now that Bitcoin has hit its downtrend line. We expect it to reach lower levels, namely 30500, 30300 and 30000, after the rejection.
If Bitcoin strongly crosses the 31000 level, this analysis is invalid.
Bitcoin - exit from the triangle is a bullshit for the bulls?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Opened a scalp trade for BTC 20% of the deposit.
Technical: the price of the asset has formed a classic "triangle" pattern at 2H with a breakdown of the upper border. I think that this exit was for the removal of stop-loss, and soon the price will go to confirm the support of the pattern.
Deal plan:
Entrance - 30,800/30,960$
Stop - $31,610
Take - 30,050/29,700$
P.S: guys, this is a scalp trade, try not to risk too much and take a position with a short stop loss, with any profit we move the stop to the second.
Happy trading and good mood everyone!
BTCUSD UPDATEPresently, on the 4 hour timeframe, we have A change of character and break of structure targeting the downside 20,000 price handle. On the daily and weekly time frame, we have a flip zone identified and a fair value gap that informs our bearish outlook for the short term to medium term.
📈 BTC Trade Setup📈 BTC Trade Setup: Potential Upside Move Based on SMC Concept 📉💡
🔍 Trade Setup:
Entry: $30,260
Target: $30,905
Stop Loss: $30,175
📊 Analysis: BTC is currently trading at $30,495. Based on the Smart Money Concept, consider entering a long position at $30,260, anticipating an upward move. Set the target at $30,905 and place a stop loss at $30,175 to manage risk.
⚡️ Probability Analysis: Taking into account the SMC concept, there is a probability of a price increase. Traders should closely monitor the price action for confirmation of the anticipated move. #BTC #TradingSetup #SMCConcept
BTCUSD: 1H analysisHi
I hope you have made money from the previous analysis.
Bitcoin faces two major resistances in the 1H. The first resistance is Moving average 50, which has a significant reaction to it and acts as a strong resistance at the top of the price. The second is a very strong level of 30,500. As a result, it is expected that Bitcoin cannot break this level and return to 30,300. But if price cross this level, 31000 is the next destination.
BITCOIN and daily resistance area ❌🧨 Hello 🐋
based on the chart, the price is close to the daily resistance area 📖💡
so
we expect to see more correction to the downside ❌🧨
and
it can act as a gain for more stopless hunting, so we can see brief green candlesticks too 📖🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋