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Bitcoin Ready for $44000...?#BTCUSDT TA Update:- #BITCOIN currently trading at $55830 According to my TA I told you about this scenario and hope you also prepared for this dump. I clearly told you some days before when BTC break $59000 then ready for $44000 So Now this scenario is applied. I am bearish below $60000 So guys Keep watch this important level. Support:- $54500/$44417/$33958 Resistance:- $60000 So guys if BTC break upward $60000 then I will bullish otherwise I am ready for $44000 and $34000 Never trade blindly. Always open any trade after solid confirmations. Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Short
by CryptoPatel
33
Bitcoin | Don't Catch the Falling Knife..!!#BTC (Update) In Daily timeframe Chart, Rising Wedge Broken Downside & Bulls lost the EMA50 Support too. So Far Bitcoin Looking Horrible so Don't Catch the Falling Knife, We Could See More Downside Move.📉 First time Since OCT 2020, Daily Candle Closed Below the MA50 But Bitcoin is Still Moving Above the Major Trendline. If Daily Candle Closed Below the Trendline too, Then this Will be Bearish Sign for Bitcoin. (Bitcoin Might Crash More 📉) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
COINBASE:BTCUSDShort
by Faibik
How to operate after the Bitcoin crash? Bitcoin's "floating flag" is well established, breaking the lower side of the "triangle" on the downside today, triggering a long unwinding, with $600 million of holdings disappearing in one day at OKEx and Huobi. Here's a reference. The CME exchange is closed from Saturday to Sunday, so when it opens on Monday, the movement of the CME's bitcoin contracts will have a big impact on the currency market. So far, the CME's bitcoin contract has left two jumps open at $54,400 and $59,400. According to the logic of gap covering, CME's bitcoin contract will cover the following two gaps. Now there's a problem. If the price of bitcoin is above $54,400 before the market opens on Monday, it means that the impact of long positions being unwound when the CME opens will directly drive the price down. In other words, the higher the rally now, the more bearish it will be Monday morning. So let's hope the bouncers here are cautious enough. Stop being cannon fodder for the dealer.
CME:BTC1!
by peter-l
3
Bitcoin Ready for $37000 guys or still you think toward $75000#BTCUSDT TA Update: $BTCUSDT currently trading at $59700 I know many people now panic from BTC dumped. What will do now...? BTC now Trading at Very strong level. As I always post this support level in my BTC updates. There are 2 scenarios. Scenario 1:- Now BTC still bullish above $57436 Why..? Because last support is to hold BTC 59300 But If wick down then last support is $57436 So Personally I am bullish above $57400 Scenario 2:- If hold this level then again btc ready for new All time high. But if bounce back from here then my first target will be $66500 Support:- $59300/$57400 Resistance:- $66500 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
14
Bitcoin: Are the buyers about to regain full control?Bitcoin recently took out its 62,000$ Resistance creating a new all time high, and right now from a Technical Analysis standpoint we are coming to a crucial point. On the Chart, even the price has already broken out two times downwards from this Upwards Sloped Channel, I think it is still quite important. --------------------------------------------------------------------------------------------------------- Parallel Channels Parallel Channels are quite common in Cryptocurrency aswell as other financial markets. In this pattern the price moves upwards or downwards zig zagging between a slopped parallel channel. This signifies a battle between the buyers and sellers until eventually we see a breakout above or below the "trendlines" which are the lines formed when the price makes 2 obvious "swings" or touches on each side of the pattern, forming the sloped structure. When price finally "breaks out" of the structure, below or above; we can see a continuation in that said direction, unless the price quickly moves back inside the pattern, in which then traders who were looking to capitalize on the breakout are quickly taken out of their trade as the price reverses the other direction inside the pattern again, a successfull breakout is usually marked with a retest, which is a confirmation of the change of trend after breakout of the pattern. Parallel Channels are made up of these key characteristics: -Minimum 2 Touches on Each Side with obvious swing points -Should form Straight Edges -Upwards sloping channel shows a Bullish Trend until broken -Downwards sloping channel shows a Bearish Trend until broken --------------------------------------------------------------------------------------------------------- Market Trend The dictionary definition of trend: a general development or change in a situation or in the way that people are behaving. In financial markets the direction the price of a asset is moving is referred to as the trend. Markets are made up of several different kinds of trends, and it is the recognition of these trends that will largely determine the success or failure of your long and short-term investing. There are 3 key trends in a Markets: 1. Bullish (upwards, buyers in control) (higher lows, higher highs (HL, HH) The Mark Up phase is an uptrend or bullish trend. 2. Bearish (downwards, sellers in control) (lower highs, lower lows (LH, LL) The Mark Down phase is an downtrend or bearish trend. 3. Consolidation /Sideways (sideways, direction & control undecided temporarily) Re accumulation & Re distrubution phases are consolidation phases or "pauses" in the market before continuation of trend. This upwards slanting Parallel Channel is a great example of a Bullish Market Trend, in a Bull Market the characteristics of the trend usually show obvious Higher Lows and Higher Highs consecutively, showing us that Bitcoin is still in a strong upwards trend as long as we keep printing the HL, HH (Higher Lows & Higher Highs). --------------------------------------------------------------------------------------------------------- Conclusion To put it simply, if the price can Find Support (Stay Above and Bounce Off) the 61200-61900 area we may see the price confirm that it is back inside the upwards sloped channel, if this occurs many buyers may flock in for a speculated push to the $70,000-$80,000 region or higher, if we were to lose this area though Bitcoins fast paced upwards movement may be cut short as the Upwards Channel breaks down. Thank You, I hope you found the analysis informative, feel free to leave your comments.
Long
by Worth_The_Ri5k
Bitcoin Is ready for $75000 or $42000 what is next move..?#BTCUSDT TA Update:- $Bitcoin Currently trading at $61100 And this is very good support so I can expect bounce back from here. Now...? I personally can expect Upward move from here and Target is $70k-80k But If break down $59000 then I will Very bearish. Support:- $59000/$42800 Resistance:- $65000/ Moon 🚀 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto reap time updates. Thank you.
Long
by CryptoPatel
19
Bitcoin Exclusive Update and Target is $75000#BTCUSDT TA Update:- #BTCUSDT currently trading at $61200 And Our last #Bitcoin Update was when BTC price $54500 Hope you still holding with huge Profit. But now...? Keep in mind My 2 support level. Support 1 & Support 2 If both support break down then Ready for $42000 But Now #Bitcoin is Supper bullish above $58000 Now Targets:- $65000/$68000/$75000 🚨 I strictly Recommend if BTC price below $54500 then Exit and convert in USDT. I also if this happened. ( not Financial advice ) Support:- $58000/$54500 Resistance:- 61500 / Moon 🚀 Please click LIKE button and Appreciate my Hard-work. Must follow me for latest crypto real time updates. Thank you.
Long
by CryptoPatel
6
Bitcoin | Ascending Triangle Formation..!!#BTC (Update) In Daily timeframe Chart, Bitcoin is Moving in Ascending Triangle Pattern.. At the Moment, Bulls Are Struggling to Clear the 61.2k Horizontal Resistance, Bulls Need More Volume for Upside Breakout. If Daily candle Closed/Opened Above Horizontal Resistance (61.2k), Expecting +20-25% Bullish Wave. In Worst Case, If Daily Candle Closed Below the 58k Trendline Support then Bitcoin might Retest the 44k Support Area. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik