Bitcoin price analysis is bearish today as we have seen a failure to continue higher after a short push above the $21,500 previous major resistance. Since BTC/USD has already moved lower and set a lower local high, we expect another drop to follow. The next target should be the $20,000 previous support. The market has traded in the red over the last 24 hours....
According to market signs, buyers are still reluctant to buy at this price, and today could be an opportunity for the bulls to try to push the price above $23,000, but I do not think sellers will allow this price to pass. Start buying from below $16,000 to $9,000, increase the purchase amount at each stage of the fall.
Any ascending trendline should be broken one day and usually in the third encounter from below and the weakness of the trend above the price will face a sharp decline. I do not think that Bitcoin will reach $0.01 overnight, but in the long run the chart trend after the break of $ 18,600 could be down And this new trend could indicate weaker bull runs. 18600$ is a...
This trend break flagged for me, I think we might be looking at 25k heading into the next holiday (4th of July).
We have a breakdown from the trendline . it can drop fast. Entry : {30,040} Targets : {28,490} to {28,270} Stop : above {30,700} ❤ Thanks for your attention ❤
It looks pretty plausible. I expect a drop closer to the fall around October-November.
When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The...
Bitcoin is rejected from the supply zone. After a breakdown from the bottom line of the rising wedge pattern it can drop to the demand zone or even lower.
After the recent drop, the price has returned to the 0.5 Fibonacci level. The sideways and weak price movement may indicate that market participants have accepted the current price or even are preparing for the next drop. The chart suggests increase in bearish momentum.
The majority of the holes are filled. So why not these ? Gogo !
The scenary the most optimist now is this chart, without to break the lower June.
Metahash supports are broken and going down to 0.0025. The big support was 39. This is not investment advice.
The correcture we saw in the last weeks, has continued. Many people thought we reached the bottom (based on trading volume and big wales buying), but the correcture is continuing. The inflation is making pressure on BTC, which is only fear, because BTC is deflationary. For the longterm I think, investors will buy again and understand that BTC is a good save...
Nice expanding cone to the downside. Will likely crash through the week into the FOMC meeting.
Basic Chart Details: - Use the 50 MA - Use the 200 MA - Use 3 Day Chart BTC - Fibs are confirmation of bearish trend hitting targets. Theory - This is a bold call. I predict the collapse of the market coming once the 3 day MA's get closer. - Exact same scenrio happend in 2018. I hope to wrong. - Counter arguement would be that we go on rally from this point and...
Hi guys According to the price pattern And market price trends are likely Will experience an 18% drop