Bitcoin is going to 18k!!! (Bearish Head & Shoulder pattern)I see bearish head & shoulder pattern for bitcoin. This pattern has a target of 18k.
I see also strong support at 30k so this support can hold bitcoin a bit but at the end its target is 18k.
How to calculate head & shoulder pattern target:
www.tradingsetupsreview.com
Have a nice day,
Berk.
Btcusdtshort
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#BTC/USDT ANALYSIS
BTC make this falling wedge pattern currently, it is holding the lower support of this pattern, A sustain break down or breakout will confirm the next move of BTC.
We can long BTC with Sl of 18k
Stay tuned
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BTC looking for a breather b4 a deep dive in search of bottomTo simply consider chart patterns that have inherent considerations for demand and supply zones...
BTC is looking to form a rising wedge (it's still in its nascent stage but the structure is becoming visible) which can get extended to 40K Zone if we are being optimistic...
At the end of this wedge, we will see a fall to sub 20k levels and wicking to all those zones which were never filled (to keep in mind that the asset has matured enough that some early 2010+ gaps may never be visited again)... Anyway, a visit to the 17K level is very much on the cards...
lets see how this plays if that plays out.
BTCUSDT ShortTime Frame: 4H
Symbol: BTCUSDT
Entry: 21010.37
TP: 17803.23
SL: 23507.11
Bias: Short
We believe better shorting opportunity await BTCUSDT. To survive in the financial market, BTC must set an equilibrium between its intrinsic value and extrinsic value or the whole system may collapse . Investors are doubtful about the future of BTC which may end the history of BTC but not crypto currency. BTC should move to more reasonable pricing which is nothing but a bigger drop.
#BTC DAILY TIME FRAME UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC make this descending channel pattern in a daily time frame, currently holding above the the lower support of this channel so we can expect a bounce from here up to the upper resistance of this channel.MACD crossover is loosing bearish momentum. RSI is in the oversold region, showing hidden bullish divergence.
If it breaks the lower support then the chart will be invalided.
Stay tuned
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MORE FALL IN THE SHORT TO MIDDLE TERMWe can se now that Bitcoin failed to recover from the accumulation zone it was before, and the market decided to continue dropping to lower levels.
In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the MACD indicator (as in the daily temporality points out a death cross).
Always trade with an optimum risk management strategy, see you later Tradingview community, have a good day...
BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
BTCUSDT ShortTime Frame: 30M
Symbol: BTCUSDT
Entry: 23588.35
TP: 22145.06
SL: 24922.72
Bias: Short
The price level of this instrument will slide down to a new level because of the current market instability. Actually the analysts do not see any future for BTC now and it has to succumb to a strong rejection by traders and the outcome will be a stronger down trend.
BTC : A good shortHave been following and updating this chart since 2017. It has been playing out nice which is the reason i thought of sharing it with the community.
Here we can clearly see BTC going down in a step by step fashion.
There is no doubt that 42k will be tested again and if it break 36k is on the horizon.
My entry targets for this short would be in 47-49400 zone .
Sl at 53k
Profit taking zone - 42k, 36k & 31404
Good luck!
Bitcoin is under pressure.The Bitcoin exchange rate (BTCUSDT) is at the lower limit of the long-term horizontal range, which took shape after reaching a minimum of 26700 on 12.05.2022.
On the H4 chart, the consolidation figure after the downward impulse is most clearly visible. The figure resembles a triangle, which from the point of view of classical technical analysis is a continuation figure of the previous momentum. Our trading strategy signals confirm it, pointing to the current bears superiority.
We expect the bitcoins decline to the new minimum and the formation of a bullish divergence on the MACD indicator. After that, growth is possible.
How to trade.
Sell BTCUSDT (open short) with the first target of 26700. The goal of working out the triangle is around 26500.
ARE WE REALLY IN A BEAR MARKET ?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC WEEKLY UPDATE
BTC is forming this ascending channel pattern currently, it is breaking the support of this dotted line BTC need to make a shadow and go above the trend line to be bullish if it breaks then we will see a drop up to the lower support which is around 20k.
RSI is in the oversold range so we may expect a bounce.
let's see how the weekly candle closes
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EMA 50/200 on 3D chart.It's not a fun situation.
You know how rare these signals are, right?
Yes, there will be some jump price within the limits of retest of red diagonal from which bitcoin fell not so long ago...
But with death cross on this 3D chart there will be a rejection (most likely from EMA200 line here).
I'll consider opening a short.
BTCUSDT Channel AnalysisNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
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Channel Analysis
Beat is currently testing its four-hour pay channel, breaking down
If I succeed in the test, I will go down further, and if I fail, I will go back into the channel and try to go up again.
BITCOIN QUO VADIS ? TO 12,000 !You are probably wandering HOW FAR WILL BTC FALL ?? WHERE WILL IT STOP ?
Or as the name of a classic HISTORICAL movie "QUO VADIS ?"
There's some HISTORICAL FACT to give us the answer.
The previous bottom was at about 3500 $ while the MAXIMUM stood at 19,197 $.
Thus THE RATIO of
MAXIMUM / MINIMUM = 5.485
As the present MAXIMUM was 66,000 $ dividing it by the above RATIO gives the
PROJECTED MINIMUM = 12,033 $
This is again a conservative estimate, that UNDERESTIMATES the DELEVERAGING of the MARKET.
As we all know the post-corona economy has received HUGE STIMULUS resulting now in strong DELEVERAGING, and RETURN TO BASE.
As to historical analysis - Remember, those that don't learn from HISTORY are bound to repeat it.