BTCUSD- Upcoming Big Reversal on Bitcoin!!! hey everyone, BITCOIN spiked up due to collapsed of SVB BANK alongside gold, this is due to the uncertainty that market created. As we are looking for upcoming moves we are expecting prices to be bullish until 28k after we have where we believe that price will reject.
GOOD LUCK AND HAPPY TRADING.
Btcusdshort
Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 26497 (stop at 27522)
Broken out of the channel formation to the downside. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A Doji style candle has been posted from the high. A break of the recent low at 26663 should result in a further move lower. Short term MACD has turned negative.
Our profit targets will be 24047 and 23747
Resistance: 27800 / 28400 / 28856
Support: 27200 / 26663 / 26000
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Bitcoin price changes in the next 4 daysAt the moment, the first cycle of the rise has been completed and Bitcoin will have a falling trend in the next 16 days.
In the first wave, the fall of the correction will be up to 24,000, and it will return to the price range of 26,500, and in the second wave, we will have a fall of up to 17,538.
Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.
Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.
On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.
In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.
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BTC Bearish Market Continuation As expected, after the FED's meeting Bitcoin and the crypto market as a whole is now bearish. BTC hit the first target I had which was $26,940. Now with it retracing I'm waiting for a trend line break to the downside to enter into the market. My next target for Bitcoin will be at the FIB D Extension at $25,214 . Will update once target is hit. Happy Trading!
Higher Low RSI Set Up on BTCHigher Low RSI Set Up on BTC .
We have to visit an area that we climbed too fast. I believe it will occur at RSI when we will visit.
Rsi going lower when price going higher is a bullish set-up.
Price can move up without putting any lower low when this happens.
I believe 27.500 then 29000 will come.
BTCUSD Daily Timeframe Price Action Levels&AnalysisHi,
My latest analysis of Bitcoin, conducted on March 18, 2023 , focuses on a Weekly Timeframe Analysis and includes experimental resistance levels. As of March 21, Bitcoin has managed to stay above the critical support level of $26,309 but is encountering difficulty surpassing the $28,570 level. Upon examining the chart, you will notice that the price is inching closer to the Untested Supply area. This suggests that buyers may push the price higher, potentially facing increased selling pressure that could trap late longs within this zone.
In light of this potential price action, those with long positions should consider taking profits if they have not already done so once the price enters this supply zone, marked by a red box on the chart. As a protective measure, traders can move their stop-loss levels to nearby swing lows.
From a high time frame perspective, the market structure is not bearish as long as the price closes above $20,700. However, from a low time frame perspective, a close below the $26,309 level warrants attention. The nearest support levels are around $24,600 , as shown by a small grey box on the chart, with the following critical level situated near $22,675 . It is crucial to closely observe price action, particularly if the price closes below the small grey box.
This analysis is for educational and entertainment purposes only and not investment advice. Trading cryptocurrencies involves high risk and volatility and may result in substantial losses or gains depending on various factors such as market conditions, news events, technical indicators, etc.. Always do your own research before making any trading decisions and never invest more than you can afford to lose.
You can also check other analyses I've published earlier from my profile. Have a nice day!
BTC Correction ? Hello guys, Noticed Wedge shape on BTC for a long time
it`s very healty to correct back down, although it will be a great chance to BUY on the way !
The most important thing to keep the price above 25K.
My final target should be around 32-35K
Predicting too more the 100% for altcoins.
Hope you enjoy this simple chart.
Disclaimer: BTC nowadays are bullisher than we all think, it might go on without correction, This idea is the best case scenario from my opinion, DON'T TAKE IT AS FINANCIAL ADVICE.
BTC/USD : Rising Wedge identified on 4-hour timeframeRising wedge identified on 4 hour time frame. Bearish divergences on different timeframes seen. I will be looking for a sweet short from here, technical target for rising wedge is $24,688. However in my opinion we will test the $20-22k area before further upside. BTC had a crazy run last few days, a good correction is due indeed. Not a financial advice. BTC wrecking TAs recently. Manage the risk accordingly !
BTCUSD First time paying more attention to bitcoin and trading as been quite profitable hopefully we get good confirmation for the sell
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BTC/USDT Weekly Timeframe Analysis
Hi Dears
Today let's analyze the bitcoin chart by RTM Method and in the weekly timeframe .
If you look carefully to this chart, you can see the resistance level (SR Line) at around 28800 that the price pulled back to it twice (Jan 2021 and June 2021) . This level was broken on 9 May 2022 and the price failed to return to its uptrend so the bear FTR strategy is made. The green Pin bar that is closed on 30 May is our FTR Zone that the price has not pulled back to it yet. This zone is the range between 29200 to 32200 dollar. The price is reaching to that zone so we expect a bearish reaction when it reached. This is a key level for making short position.
Also we have another SR LINE at the level of the 25100 that the price engulfed it on 13 Feb 2023 and it made a bullish FTR on the zone between 19600 to 21200. This is a key level for making long positions.
Don't forget to take a trigger when the price reached to that zone and then TRADE it. you shouldn't do anything without trigger.
Sincerely
Hosein Poursaei