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
Xbt
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..
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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
Bitcoin LTF breakout and Target could be $46000#BITCOIN
$BTC currently trading at $44100
Breaking out Resistance in 1H time frame.
Above Yellow TL bullish toward $46000
$44300 is also Resistance in LTF
Bullish above $44300
1H candle also closed above Yellow TL
Let’s see $44300 resistance break or not.
Keep an eye on this level.
Support:- $43300
Resistance:- $44300
Bitcoin 1 Week V/s 2 Week chart Analysis Update#Bitcoin Normal Overview:-
#BTCUSDT 2 Week chart :-
As Per 2 Week chart 50 EMA working Strong support level.
#BTCUSDT 1 Week Chart :-
As Per 1 Week Chart 50 EMA Working as Resistance.
If 2 Week candle close above $44000 then Good For More Upside move.
Next Weekly candle close in 5 Day 16 hours.
Otherwise we can see $41500 level.
2 Week 50 EMA Support = $35629
1 Week 50 EMA resistance = $44167
Bitcoin 25% up from our entry and Still Target is $70k#BITCOIN
= $BTCUSDT trading at $44200
= Daily Already closed $41500 as I mentioned.
= Big Bearish Sentiment is Now over.
= You can Book profit or Move Stop Loss at $40840
= Target Still $70000
= Time Frame for Target could be $end of April/May
= Already did 25% from entry and 35% from Bottom.
= Keep an eye on $41500 Support level because Strong Resistance Became now Strong Support level.
Support:- $41500/$38700
Resistance:- $44600/$51000/$61000
Press Like On Tradingview and Twitter.
❤️❤️❤️
Bitcoin | Channel Breakout & MACD Bullish Cross..!!
#Bitcoin (Update)
3-days Candle Closed Above the 41k Crucial S/R Level..✅
Descending Channel Upside Breakout Confirmed..✅
MACD Bullish Cross has Also Confirmed.. ✅
Send it Back to $70,000 🏄♂️
In Weekly timeframe, RSI is Printing Massive Hidden Bullish Divergence..
Bitcoin Bulls Defended the Weekly EMA100 (35.7k) & Now, Need to Reclaim the EMA50 (44,140) for Further Bullish Wave..!!
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Bitcoin Re-Distribution in Progress what Next..?Hey folks,
Everyone is posting their view through an idea then I thought I should also post my idea( bias) for you guys.
Lol, sorry! that's not the truth. Let's read...
Sharing my perspective on the recent rally like what things am personally looking and considering right now to reach a final conclusion in trading.
After the huge dump or we can call it correction not sure about these phrases, the market created supply on the upside in HTF as well as LTF.
After forming a bottom at near 33k, the price showed some strength. Some up-downs and currently at the time writing this price is in the weekly supply as well as in the multi-timeframe supply zones.
So what am saying is, we are not sure if this rally is to just fill some supply sitting on the upside or price is going in discovery mode again while continuing its bull run.
The fact is am not mentioning any ultra hyped view for both sides in this idea because we are focusing more on the current situation like where we are at currently and what gonna be next for the upcoming days.
what you can do is, instead of believing in any biased target, watch yourself and trade accordingly.
Sharing the two high probable scenarios of the current market while considering many factors about the market.
Yeah! I guess that's enough, haha.
Like and share with your mates.
Love From #CryptoPatel
Bitcoin Breakout Resistance now Ready to $51000#BITCOIN
$BTCUSDT trading at $41400
Daily closed above $41500
But Still waiting for More confirmations which will clear above $42500
But Keep an mind $38700 and $36900 level for Retest.
BTW already Broke out Big Resistance mean Bearish Sentiment is Now over.
Move Stop Loss $36200
Now Target is $70000
Imo Time frame will be end of April/May
Support:- $38700/$36900
Resistance:- $41500/$51000
Bitcoin | Rising Wedge Formation & EMA100 Resistance..!!
#BTC (update)
Rising Wedge Formation in 4h timeframe Chart.
Bitcoin Bulls have been Struggling to Regain the EMA100 Resistance (38,7k)
Volume has been Continuously Decreasing from last 12 Days.
If Wedge Broken Downside, Bitcoin Might Retest the 35,600 Support Area.
In Bullish Case, If 4h Candle Closed Above the 39k, Expecting Bullish Wave towards the $44,000 📈
Bulls Need Strength to Clear the 39k Resistance Area..!!
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Bitcoin | Descending Channel Consolidation Continues..!!
#BTC (Update)
Descending Channel Consolidation Continues..
EMA30 (40.8k) Acting as Key Resistance since 16th November.
RSI is Breaking the Multi-Month Bearish trend..
If Daily Candle Closed Above the 41k, Expecting +30% Bullish Wave in February, Buckle Up Bulls..
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40ozgood afternoon,
btc is currently in a pretty tight squeeze
the order books are packed out with large buy \ sell orders in this local range.
one side is going to lose, and a big move is going to take place.
my bias is a move up to 40~40.5k
might stay in this squeeze until tonight before it pops.
----
it could very well break down as well, so a tight stop is in place near the bottom of yesterdays daily low.
ps. if you have followed along for awhile, you'll know what the hammers on my chart indicate.
🔨🔨🔨🔨
#BTC, Weekly closing today and not looking bad#BTC
Weekly closing today & not looking bad
Potential SFP while have been trying to go for the weekly high over the last 24hs (🤞)
On the daily, still looking for a test of the ~40k region
Reaction from that area will give a better idea if this was or not the "bottom"
#BTC
Bitcoin (BTC) • Macdonals Applications are OpenWe just hit another major support level. Those doing "buy the dip" kind of strategies this seems great opportunity to add to the stack for the long term. I'm certainly buying here.
Can we go lower? absolutely. The break of the 40k came faster than expected and open the door for other lower technical levels as we continuously don't see strong fear or bearish sentiment in the market.
Volumes on the Weekly and Monthly charts remain unimpressive they don't scream "the bottom" but one important note is that the books on the sell side are extremely thin and this could equally shoot up and leaving everyone behind.
Futures are starting showing signs of bullishness but not fully there yet wee need more consolidation and keep sweeing swaps trading bellow spot more aggressively to affect funding rates favourably to longs.
We also still missing bullish divergences in most timeframes as well as breaking some structural trendlines on top of price or even the RSI.
A reminder that my views are just hypothesis and they are obviously subjective so take everything I say with grain of salt.
If you interested in getting access to same scripts I use myself use the link down bellow in the signature for exclusivity and paid access OR alternatively check my published script library where you will find plenty of free scripts.
Bitcoin Short Term update#BITCOIN
-$BTCUSDT trading at $37000
-Not Bullish until cross $41500
-If breal $41500 then Most Probably it will hit $70k
-But If any Long Positions then Stop Loss is $32900
-If break $32900 then we can see New Low.
-If Break $32900 thej High Probably $BTC can touch $29000
-But Now range bound.
Support:- $35000
Resistance:- $41500
We call this Max Pain First we pump to damn near previous ATH.
Retail who is currently panic selling and shitting their pants are in disbelief, they FOMO in and provide us with exit liquidity.
We proceed to print a nasty head and shoulders on the weekly and then its goblin town.
The past, the present and the future occur simultaneously.
Everything that is always has been and always will be.
As always, my memories are from the future.
We'll talk again when time catches up.