WILL BTC BE ADLE TO BREAK THE LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
one again BTC is trying to break this ascending triangle pattern 4hours candle closes in 47min let's see if it will be able to close above this upper resistance of this pattern.
or it will be a fake-out again
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Btcusdtshort
BTC: ANOTHER BULLISH SCHNARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this Descending Broadening channel in 1day timeframe.
We can expect a good rally from here but IMO never trust BTC in case of a breakout it’s always surprised us.
BTC breakout this 137 days resistance so most probably it will bounce
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BTCUSDT perpetual analysis 1DAs it can be seen on the 1D time frame, the price has been experiencing difficulty to break the sell-zone. The upthrust and the almost SOT bar (check the chart image) might indicate a downward movement on the 1D time frame, which can cause the price to get back to 22300 - 23500.
BTCUSDT: Elliot Price action Daily Hello friends. Bitcoin seems to have reached a point after a trend where there is a possibility of a drop due to several reasons of hitting the weekly base average and weakness in the trend. There is a possibility of falling to the range of 20k, and after that the price should reach the accumulated energy towards the target of 28800, which is the final wave and wave C.
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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Bitcoin ready for correction (Short)After a strong bullish movement inside a wide TR, which seems like an exhaustion gap, I expect a bearish move here after a double top in higher timeframes as well as a nested double top in lower timeframes, we also have a wedge top at this area so a move down is very likely!
NFA
BTCUSDT (Short)BTCUSDT is showing bearish divergence on MACD on 4 hourly chart with price action rounding off. With the formation of Double Top, price is likely to break the bullish trend.
For aggressive traders, bearish divergence on MACD and bearish engulfing is enough to short @ 23,700
For conservation traders, wait for price action to break the trendline @ 23,200.
TPs are based on previous strong support zones:
- TP1 - 22,450
- TP2 - 21,900
- TP3 - 21,300
BTCUSDT: Difficult but possible:)The correction of the BTC price continues.
My long position was closed in the breakeven zone.
At the moment I am watching the dynamics and plan to open a short position at the end of the intermediate wave C in wave B.
All in all, last two weeks is very contradictory and difficult to plan good trades. The nature of the price movement is "jagged" and I have to edit the wave count very often.
Be careful and take moderate risks in situations where you don't know exactly what to expect in the future.
BTC: TRADINGNG INSIDE THE 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
It is moving in an ascending triangle and is currently rejected from the horizontal resistance. It has created a fake-out in the previous higher high move, so this is an important resistance to observing a breakout with a successful retest for the confirmation of a bullish trend. At the same time, a sustained breakdown of the ascending triangle would be a bearish sign for it.
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BTCUSDT: Growth ContinuesThe development of the situation is gaining momentum.
The BTC price began to rise within the impulse structure of the assumed intermediate wave 1 or C.
Locally, the price is already in wave 3 (in wave 1 or C) and will continue to reach new highs.
The long position opened at around 23,000 has already got excellent profits. I will decide to close the long position after the price reaches a level above $25,000.
The dynamics for September will be decided soon.
In case the upward impulse structure will continue to develop, we should expect the continuation of the bullish rally and the maximum recovery of the BTC price.
USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop according to the pattern.
If it breaks this red line resistance the chart will be invalided.
stay tuned
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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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BTCUSD another drop ahead?BTCUSD(Daily) is in long term drown trend except for last month some expected retracement to the upside. As the price currently testing the previous support as resistance, it is a high probability that the price continues to drop as the bears are very stronger than the bulls.
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BTCUSDT: Important UpdateI revised my trading plan for BTC again: I believe that there is a high probability of a serious bullish rally start in the next 1-2 months.
The correction within wave 2 or B is most likely over.
At the moment, BTC overcame the boundary of the descending local trend line, as well as formed a group of initial impulses.
I plan to buy on the breakdown of the revers local trend point, after the completion of the small wave 2.