CAN BTC BREAK 45k LEVELHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC update: Once Again, Price got Rejected by the 45k Resistance level
As I already said in my previous chart BTC Might Retest the upper Trend Line of this bullish expanding Triangle Before the Next Bullish Wave.
so, let's see how the market reacts in a few hours
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Btcusdtrading
BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
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BTC breakout this symmetrical triangle pattern now it will come back to retest the upper resistance of this symmetrical triangle which is around 42k.
so, let's see how the market reacts in a few hours
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Would also love to know your charts and views in the comment section.
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BTC/USDT Break above 40k! what's next?Welcome to this quick update, everyone.
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As per my second scenario, BTC went up. Now it is around $43200 it is having $40 - $40.5 level as resistance.
First scenario: we may re-test 42k and then we are expecting a Bounce up to $48k but we have some local resistance as $46k.
Second scenario: If we do not go for a retest at the 42k level and break the 44k direct then it can Bounce up to local resistance.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
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#PEACE
BTC/USDT 2 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC fell yesterday because of Putin's tweet. now it is having $38800 as a resistance.
First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
here we have 100 ma as a local resistance.
Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.
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#PEACE
BTCUSD | Perspective for the new weekBTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom/Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 4 months.
ii. On the 4-hour time frame, It is obvious that the overall momentum of price action has been bearish with the bearish trendline going as far as October 2021.
iii. However, at beginning of this month, we witnessed a breakout of this trendline to signal that the bearish trend might be losing momentum thereby giving way for the bulls to thrive.
iv. $34, 000 level seems to have held price "supported" in the last 34 days to signal a reversal set-up in the form of a Double bottom structure.
v. The appearance of a Double Bottom within the identified Demand zone at $34,000 describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level ($45,000) which is also the neckline of the pattern.
vi. From my personal perspective, I will like to join the potential rally early so that I can have opportunities to stack my position if the price moves in the intended direction.
vii. In this regard, I shall be looking to open a position at breakout/retest of $40,000 (identified on the chart with a purple barrier) and anticipate adding to my exiting position at breakout/retest of the neckline of structure at $45,000.
CAUTION: Considering the overall bearish momentum, a breakdown of the demand zone at $34,000 shall render this narrative invalid as I will continue to hold a bullish bias above $40,000 ... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 12,000 pips.
Risk/Reward : 1:10
Potential Duration: 7 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NEXT TARGET 44K LEVELWelcome to this quick update, everyone.
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BTC break this 38900 resistance level and close above it now it is being retested. expected a bounce from here up to 44k level but we have some local resistance as 39800 and 100 ma let's see we can break this may or not.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC IS STEAL GOING AS MY SECOND SCENARIO
BTC breaks out this bullish expanding triangle now it is retesting. But there is a local resistance of 50 ma which is at around $39,800 level. Let's see the price can break this ma or not.
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BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
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BTC IS GOING AS MY SECOND SCENARIO
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
EXPECT A BUNCE FROM 34500K LEVEL.
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BTC/USDT 1 HOUR ANALYSISWelcome to this quick update, everyone.
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As I mentioned in my previous BTC chart that BTC is forming this bullish expanding Triangle as I said that BTC can drop up to 36500$ now it is lying on the support of 36500$ we are expecting A Bounce up to the upper resistance of the expanding triangle.
If BTC breaks this 36500$ support then we have local support, of 35500$ and a very important support level is 34500$.
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BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
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In a shorter time frame BTC break out upside this bullish falling wedge pattern and will come to retest the 39800k support level we are expecting a bounce from there up to 40k.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC breaker the 39k support but Candle is not closed yet! now we have a 38800k level as support let's see how the 4-hour candle closes.
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BTC/USDT 6 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart In a shorter timeframe BTC is making this ascending triangle pattern we are expecting a bounce from this 39800$ support level so let's see how it's going.
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BTC/USDT 1 DAY UPDATEWelcome to this quick update, everyone.
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My previous BTC chart has been invalided so now As we can see in the chart that BTC is having 39400 and 38800 as a support level so we are expecting a bounce from this level but for confirmation let's see how the daily candle closes.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart BTC is lying on the support of this ascending channel pattern and 21MA also we expect a bounce from here to 46k level resistance let's see how daily candles close.
RESISTANCE LEVELS are 44800k and 46k level.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart BTC is lying on the support of 43900k we expect a bounce from here to 46k level resistance let's see how 4 hours candles close
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BTC BREAK OUT 43K WHAT's NOW?Welcome to this quick update, everyone.
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BTC is going as my first scenario it broke and closed upside the 43k resistance level now it has the support of 50 ma and 43k level.
Expected a bounce from support levels up to 46k level.
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BTC/USDT 6 HOUR ANALYSISWelcome to this quick update, everyone.
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As I mentioned in my previous BTC chart that it will come back to the retest 43k level and it retested successfully now expected a drop up to 40k level and if BTC retests to 40k level then we will make the bullish head and shoulder pattern.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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As I mentioned in my previous chart that if BTC broke and closes downside at the 43k level then expect a drop up to 40k now it is broken.
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