Xbt
Bitcoin 37% up from My Fractals Analysis#Bitcoin TA Update:-
$BTC currently trading at $47500
As I told you $Bitcoin bottom was $32900
Now hope you happy with my analysis.
I explained everything that time when all global market were panicked.
Now 37% up bitcoin from my levels.
And same fractals worked.
Still my Target is $52800 and $69000
Very Important point = $69500
If this level $69500 break then ready to see Bitcoin price around $150k
Now $44600 strong resistance because strong support.
Support:- $44600/$38000
Resistance:- $52800/$69500
Ascending Triangle Setup on BTC, Target at 60,000Chart Pattern/Trend Analysis
The main view of this trade idea is on the Daily Chart.
The largest of the cryptocurrencies, Bitcoin (BTC), appears to be in an Ascending Triangle chart pattern setup. The Resistance Line for the setup is observed around the 45,000 price level while the support trend line can be constructed from the higher lows of 32,933 and 37,560 respectively. If BTC breaks out from the Resistance line of the setup, expectations are for a continued rally towards 60,000. This view would be altered if BTC declines below the 37,425 price level.
Technical Indicators
The technical indicators support the bullish nature of the chart pattern setup. BTC crossed above its 100-SMA on the Daily chart. This was followed by an upward move from 43,180, taking the Supertrend indicator to Buy mode. At the time of publishing, the cryptocurrency is approaching the 45,000 Resistance line. The Awesome Oscillator is above 0 and green while the RSI is above the bullish 50 level.
The intra-day trend following indicators of BTC also display uptrends in the 15-Min, 2-Hour and 4-Hour time frames. Support for the cryptocurrency is seen around the 40,600 to 42,000 price range.
Recommendation
The recommendation will be to go long at market, with a stop loss at 37,425 and a target of 60,000. This produces a risk/reward ratio of 2.05.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing, I have exposure to BTC.
Bitcoin hit our Target and Now ready for Big Bull#BTC/USDT TA Update:-
$BTC currently trading at $44000
#Bitcoin hit our Resistance level.
Hope you enjoyed my analysis.
Now..?
$44600 is Strong resistance level.
If break this resistance then We can see $52800
$44600 This is very Important point so Keep an eye on this level.
What Will happened if Rejected from $44600 resistance level..?
If rejected then $38800 is very strong support.
Which must be hold.
Support:- $38800
Resistance:- $44600/$52800
BTC Moving Average SimilarityHello, the daily chart shows similarities of Bitcoin moving average price lines. In this case, I think we will enter a bull trend just like at the end of July. The only difference between July and the current situation is that the Stoch RSI lines are not exactly similar.(NOT INVESTMENT ADVICE)
Revisiting BTCTime to start dusting down our BTC charts...
It's been a few since we've looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in
From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs.
XBTUSD directional bias also has very important characteristics and implications for a retreat in US hegemony with further instability across democracies expected until we (the people) decisively level up our technologies, voting systems etc.
Eyeballing momentum for later this year as we advance into this new world via CBDCs. Grab what you can. Preemptive positioning and loading at current levels is the name of the game.
Bitcoin | Accumulation Phase Continues..!!
Accumulation Phase for $BTC Continues..!!
Bitcoin has been Consolidating Between 35-45k Range from last 2-Months.
If Bulls Cleared the 45k Resistance, According to Market Phases, Next Will be Mark Up/Uptrend Phase..!!
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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Thanks for Your Love & Support..!!
Bitcoin Pumped and 11% up from our entry#BTC/USDT TA Update:-
Entry:- $37500-$38000 filled ✅
11% up from our entry.
Now..?
$41800 is strong resistance.
If it will break then we can see $44600 and 52800
But if Rejected then again we can see $37000 level.
Very Strong barrier = $44600
Support:- $39000/$37000
Resistance:- $41800/$44600
Bitcoin BTC: Precise date and top calculation for this cycleSo I was thinking again, and it might be that my last idea here () was too simplified.
It seems the cycles are getting overproportionally longer.
Also, it seems that the tops are diminishing more than previously thought.
I take all cycles exactly from the previous halving days, except the very first cycle, starting day there is of course when BTC started trading on Mt.Gox in 2010.
I overlay exactly with the halving date 11th of May 2020.
We then calculate the ratios of the cycle lengths, and continue the trend. We thus get 956 days of length for this cycle, which would put the top to December 23rd, 2022. 1 year away.
We can do the same for the top ratios and find that if this trend was to continue, we would get 228k USD as the top.
So, I repeat: 228k on December 23rd 2022.
This is another possibility, a more conservative one than my last simpler one, where I arrived at around 300k by June 2022.
Maybe also, it will be somewhere in between, so 250k in October 2022 or something like that. I see both these scenarios as the boundaries of an interval range where it could end up being.
If the cycle will still be one year more to go, then it is possible that we could get a shakeout scenario as drawn in the red line, people should be prepared for such an event, it is entirely
possible because a lot can happen in one year. We remember that BTC dropped in early 2020 from 10500 to 3900 and then went into a rally to over 60k. Ok, this was a black swan event,
but we should be prepared that something similar might happen, because BTC likes shaking out people.
That is now my current picture. Should it change, I will post.
Bitcoin Head & Shoulder Pattern update#Bitcoin Exclusive Technical Analysis:-
#Bitcoin is currently in a Rance of $35000 to $39000 due to global geo Political Circumstances.
As I predicted Bitcoin Hit Our Right Shoulder Resistance $39300
And Dumped from Resistance As I mentioned.
Now..?
$35500-$36000 is key level Support ( Neck Line Support)
If hold this than we can see upward rally.
Otherwise if break down $35000-$36000 level
Then we can see $29700 level.
Which is High Demand zone.
Support:- $35500
Resistance:- $39500
Bitcoin Exclusive Head & Shoulder So Reversal Expecting Bitcoin Exclusive Technical and Fundamental Analysis:-
#Bitcoin is currently in a range of $36,000 to $37,000 due to global geo political circumstances.
and
right now the best this is it is fully respecting the major strong support of $36,000 that is also Daily Demand zone.
We have witnessed a sharp fall and correction in last couple of weeks.
BTC 12-Hour Chart perfectly forming Head & Shoulder pattern,
and
completed Left Shoulder part made high of $39,285 and Head Made high of $45,850.
Now if it follows perfectly we can expect BTC to make high of around $39,500 in right shoulder with a crucial Neck Line Support of $36,000 which hold is a must to full fill the pattern to work.
So let’s wait for BTC confirmation.
Long Term Trend Line already broke out and $36,000 range is perfect for Retest level.
It’s not a financial advice just a research, Do your own research before opening any position.
Thank you
With Love,
CryptoPatel
Bitcoin to Move Lower to 30KTrend Analysis
The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Bitcoin (BTC) is in a descending triangle setup with the resistance trendline observed around the lower highs of 70K and 59.2K and the support trend line is seen around 40K. Initial breakdown from 40K will take BTC towards 30K. A negation of this view will occur if BTC crosses above 60K.
The longer termed Daily Chart shows a similar move lower for the cryptocurrency. BTC is currently in sell mode with support observed at the 40K and 30K price levels.
Technical Indicators
There has been negative crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The cryptocurrency BTC is currently trading below the respective moving averages (Mas). The RSI is below 50 and is re-testing oversold levels. The KST is also in a sell mode.
Recommendation
The recommendation will be to go short at market, with a stop loss at 60K and a target of 30K. This produces a risk/reward ratio of 1.39.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to BTC.
Bitcoin | Descending Channel Retesting in Process..!!
#BTC (Update)
In Daily timeframe Chart, Descending Channel Upside Breakout has Already Confirmed, Retesting in Process..
In Case of Successful Retest, Expecting a Bullish Wave towards the 51k..
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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..!!
Bitcoin Dumping every time what next update..?#BITCOIN
#BTC trading around $37700
Support TL :- $39400 broke ✅
Minor support:- 38700 broke ✅
Major support:- $36400 still holding
Resistance R1:- $41800
Resistance R2:- $44500
Break > R2 = $51000
Break < S1 = already hit S2
Now keep watching Live Updates by CryptoPatel.
Support:- $36400
Bitcoin Bullish Invese H&S Pattern Target is $58000#BITCOIN Inverse H&S Pattern:-
#BTC/USDT currently trading at $42200
As Per chart I am expecting some more Downtrend till $39000-$40000
Perfect Right Shoulder bottom could be $40700
But If any Daily Candle close below $40000 then IMO Exit will be good decision.
Inverse H&S pattern also Forming at Bottom so High Probably to breakout Upward sideZ
If break Yellow Neck Line resistance that mena Bullish Toward $58000
Never Do gambling with High Leverage.
Support:- $40000
Resistance:- $44500/$51000/$58000