BTC long-term: POTENTIAL SCENARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC
$BTC is currently trading at the $17400 Level.
As per the chart strong holding support $17200 Level which is good for the Bulls.
The next Resistance is $18400 which is also the retest level of the Last breakdown Support.
I am expecting some Rejection from that level and we can see some more Downside move.
But now we can see some upward movement in short term.
My Resistance levels:- $18400-$19000
Support:- $16500 - $17200
Analysis
- I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'.
- According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k.
- This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k
- Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed.
- Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again.
- People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k.
Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames.
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Btcusdtbtcusdt
BTC: BREKOUT THIS ASSCENDING TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
BTC breakout this ascending triangle and is currently holding this horizontal support. It has created a fake-out in the previous higher high move, so this is an important situation that it may do this time too.
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BTC 2 HOURS UPDTE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
As before it is creating higher highs and higher lows at shorter time frames and now after the market structure breaks, it is creating lower lows and lower highs. It is also trading in a range. The current MSB level is a close above $23655 to change the trend from lower highs to higher highs while a close below range low would be a sign of creating another lower low.
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#BTC/USDT UPDATE Hi guys, This is CryptoMojo, 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 it as FINANCIAL ADVICE.
#BTC/USDT ANALYSIS
It bounced from the horizontal support and currently it is on the support of this horizontal and trendline. MACD crossover is showing bullish momentum.
IF IT BREAKS LOWER SUPPORT THE CART WILL BE INVALIDED.
We might see some upside move from here but a certain breakout or breakdown will come from its next move.
Stay tuned
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#USDT DONINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Financial advice.
USDT DOMINANCE UPDATE:
As we can see here USDT DOMINANCE is about to hit a strong supply zone or make this expanding triangle pattern.
we can expect to can reject from this supply zone.
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BTC/USDT: FALLING WEDGE PATTERN BREAKOUT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
Eventually, #BTC broke out this falling wedge pattern, currently on the resistance of 38.9k level. We can accept a bounce from here up to the 42k level but it will be better if it retests this pattern.
LET'S SEE HOW THE 4 HOURS CANDLE CLOSES
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Bitcoin's Bear Flag: More Downside Before Chance On Reversal!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC LOWER TF UPDATE
BTC is making this falling wedge pattern in a 4hr time frame currently it is looking like it will go restest the lower support.
if it breakout this pattern with confirmation then we can expect a bounce from there or rsi is showing some bullish divergence.
#BTC higher time from update
As we can see in the chat BTC does not look good here It looks like a retest of this bearish flag pattern so here we have to be careful we have 37.8k as important support.
The daily candle needs to get back into the channel for being bullish.
Be alert if it breaks the 37.8k support.
Let's see how the daily closes
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BTC/USDT 6 HOUR ANALYSISWelcome to this quick update, everyone.
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I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart In a shorter timeframe BTC is making this ascending triangle pattern we are expecting a bounce from this 39800$ support level so let's see how it's going.
What's your thought on this?
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