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Btcusdshort

Correction Bitcoin Is Going According To PlanIn my previous analysis, I stated that it is likely to see a correction for Bitcoin because of two main reasons: - We're experiencing heavy horizontal resistance near 25k - The 200 weekly ma is at 25k, giving us confluence (double resistance in this case) Now that the correction has arrived, everything is going as planned. As you can see on the hourly chart, Bitcoin was making lower highs as soon as the price got rejected at the resistance for the 3rd time. Finally, the lower resistance line of the resistance zone got rejected and kicked off Bitcoins fall to our support level at 23k. Now that we're in our support zone, I expect at least a small bounce or some sideways action before we see our next move. Depending on how bullish Bitcoin is, this is either going to be the bottom, or we're going lower to 21k
COINBASE:BTCUSDShort
by FetchTeam
BTC.D SECRET: 1 StepAhead on ALTS & BTCHi Traders, Investors and Speculators of the Charts 📈📉 In my previous analysis on BTC , I made an update for the near term based on a fractal from 2018. Incase you missed it, here it is: Today's analysis is a bit more technical, in a 4min video I discuss the relationship observable on the charts between Bitcoin and Altseason. Pulled up on the bottom left is Bitcoin Dominance, BTC.D which gives an indication of where the most money is going (BTC or Alts). Pulled up in the bottom right is the Bitcoin Shorts (BTCUSDSHORTS). By using this chart with BTCUSDT, it can be helpful to identify when the market is considered overbought or oversold, in other words to observe the general market sentiment. These three charts together give away hidden information about where the price of BTC could be going next. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
35
Bitcoin range trading (NEW)Bitcoin price created beautiful range between 25240$ and 23350$. The price got rejected at the key resistance a little bit above 25k. Currently the price is in the mid of the range. 23850$ and 23620$ may be a good entries for long position if the price drops lower. The target would be the upper boundary of the range around 25100$ Moreover, if BTC price keeps on ranging, it would be a great scenario for altcoins as they would have some time to rise. If we lose 23300$, we may be looking at 22800 $ as the next level where buyers most likely will step in.
Long
by vf_investment
6
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