BTCUSDT hitting daily support. Expect a bouncePrice hitting daily support zone. There should be a good bounce probably aiming for 4h resistance zone.
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BTCUSDT may head for next 4h resistance around 24450-24550So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.
BTC - Be careful of $23950BYBIT:BTCUSDT.P
4h time frame
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Shorting positions should notice 23950 in 4h (as I'm holding)
The circled place shows that it broken and went back above 23950, then reversed the bearish structure
BTCUSDT probably heading for next 4h support zone Price breaking the 4h support 1 zone. This opens the way for downward movement to the next 1h support and then 4h support 2 zone. The path how I expect the price to move has been depicted on the chart.
BTCUSDT to break 4h resisatance and move higherPrice was consolidating under 4h resistance 1 zone and finally broke out of that to the upside. I believe this 4h resistance 2 zone is not going to bother the price much this time and the price, with just a bit of hesitation, will break it to the upside.
BTCUSDT likely to hit previous 4h support zoneBTCUSDT clearly got rejected from the 4h resistance 2 zone marked on the chart. Currently it is struggling to hold the 4h resistance 1 zone from where it broke out and attempted to break next resistance zone. The price will momentarily bounce here as current zone marked as 4h resistance 1 zone will act as a support.However, a next hit to this zone will let the price flow towards the next 4h support area.
BTCUSDT likely to retest the 24936 levelThe price has dipped below 4h support region. But the current 4h candle is still active and very likely will close above 4h support and target for the upper resistance zone marked on the chart around 24936 level.
BTCUSDT right on its way to monthly resistance of 35k-37k zoneLet again have a look at the monthly view. We are on the right path on the monthly resistance around 35k-37k zone. This was also mentioned in one of the posts on 29th January.
There will be some pullbacks in between but I think the probability favors that the price hits the monthly resistance.
BTCUSDT heading for next weekly resistance at 29700Weekly candle looking very strong and good. Next weekly resistance sits around 29700. Looks like price is headed first for that weekly resistance. As mentioned in one of the previous posts on jan 29th, the significant target is monthly resistance at 35k-37k range. But let us focus on the weekly first.
BTCUSDT likely to head to previous 4h resistance truned supportBTCUSDT likely to hit the previous 4h support area. That level is around 22666.
BTCUSDT heading for 4h range high 23300The price has reclaimed the broken 4h resistance support. This indeed paves the way for the price to retest the 4h range high at 23300.
BTCUSDT hit the 4h and daily support, may head for 23300 levelThe price hit the 4h support area which is also a daily support area. We will see a bounce here probably.
This bounce has a probability to at least reach 23300 level which is a 4h resistance area. We will see how the price action is once the price reaches that resistance level of 23300.
BTCUSDT current 4h candle has a higher probability of being greeThis current 4h candle (UTC 12:00 - 16:00) has a higher probability of being a green one.
BTCUSDT current 1h candle has a higher probablity of being redThis current 1h candle (UTC 13:00 - 14:00) has a higher probability of being a red one.
BTCUSDT trading inside weekly resistance zoneThis weekly resistance range is indeed a strong one as price is not able to easily move above it even on intra week basis. However, once price trades above this resistance for a a day or so it is more likely that the weekly candle will close above this resistance zone.
By looking at the several attempts and the price trading longer in the resistance zone rather than below it, suggests the probability to break it further up side is higher. And that increases the probability for the weekly price to close above this weekly resistance zone higher.
BTCUSDT breached recent high as suggested There you go BTCUSDT crossed the recent high of 23960 as suggested in the previous post. The close of 4h candle above the 4 hour resistance and then bounce upon the retest of that support at 23300 confirmed this breach of the recent high at 23960.
However, the price could not cross the weekly resistance zone and for now pushed back and remains in this resistance zone.
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is forming this big falling wedge pattern
what is falling wedge pattern
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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BTCUSDTAccording to the previous analyses, the trend is still bearish for those interested in knowing what will happen to Bitcoin in the future or wanting to trade on it.
The situation is likely to happen as shown in the image.
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Observe the money management and the stop loss.
BTCUSDTAccording to the previous analyses, the trend is still bearish for those interested in knowing what will happen to Bitcoin in the future or wanting to trade on it.
The situation is likely to happen in the short-term time frame, as shown in the image.
Follow me, like, comment, and any questions.
Observe the money management and the stop loss.
Bitcoin forecast and ideaPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
BTC on freefall!!BINANCE:BTCUSDT
Due to collapse of LUNA and Celsius the selling pressure on BTC is very high and the support has been already broken. Also, the fed interest rates are also going up which is making it more difficult for BTC to pump again.
BTCUSDT BEAR FLAG PATTERNBitcoin is down again with a bear sentiment , $42k - $43k which seems to be an opportunity for support on the weekly timeframe has been lost seeing the candlestick below the zone. There is less than 48hours to see how the weekly timeframe would playout and also, as indicated on the chart, we can see a bear flag pattern which has just made a retest on the flag's support zone which infers the continuation of the downtrend. This could be the inception of the second phase of bear season, eschew hastiness and try to do as much as possible research before taking stakes.
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