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Btcusdshort

Bitcoin is facing Heavy ResistanceBitcoin is facing heavy resistance which is coming from two sources: One is the horizontal resistance of 24 to 25k, and the other is the 200 weekly moving average. This means that there is confluence on the resistance side. Not only are we facing resistance, but this uptrend is already lasting for 53 days, making it likely its time for a correction. Why is this 200 moving average also included? Normally I woudn't pay much attention to moving averages in general, but this one can be special. In the bull run of 2015 to end 2017, this line was the support line for the whole bull market. This line was also support at the bottom of december 2018 and during the covid crash, making it strong resistance.
COINBASE:BTCUSDShort
by FetchTeam
Running Flat Wave 4 on Bitcoin?Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon. Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A which is very common in these corrections. The date hit exactly at the current high. Could still l go up, but things are aligning nicely for a potential final five waves down. If this target begins to make headway, I will post some potential targets. Trade safe.
BYBIT:BTCUSD.PShort
by HankHill_1
BTCUSDT: 28600$ ~ 32000$Hello friends. Looking at the Bitcoin chart, we can see that in an upward trend to reach its monthly base target for its liquidity, it seems that the market giants made this quick move to sell their coins to retailers again. My expectation is path one to $28,600 and I consider it more likely than path two. The target was 2:32,000 thousand, but after that, the market continues to fall. 👀The first target is marked with purple color. and target up to $28,600 👀The second goal is shown with a pink dashed line: $32,000
Long
by RezaBorzooei
Bitcoin Looking Heavy but Still Finding Support-BTCUSD is looking a tad heavy these few days, drifting toward the bottom of the nearer dealing range between 24260 and 22230 price levels. -I believe Bitcoin will try to break out to the downside reaching for the discount end of the greater dealing range set by the rally from Jan 18 low to Feb 1 high. At the time of writing, bottom end of the nearer dealing range is still holding. I am anticipating a breakdown but could see small range trading happen until a liquidity injection event sends price lower. -Bias: Bearish -Why? There is sellside liquidity below the 22230 level which I believe the algo will reach for. -Targets: 22230 and 21650 into the daily +orderblock.
COINBASE:BTCUSDShort
by DenisRisticFX
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