Bitcoin | Falling Wedge Formation..!!#BTC (Update)
Falling Wedge Formation in 4h timeframe..
RSI Printing Bullish Divergence..✅
If EMA21 (37k) got Cleared, Expecting Bullish Wave towards the 46k 📈
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Bitcoin Fighting between Bull and bear so what next..?#BTCUSDT TA Update:-
$Bitcoin Currently trading at $37400
And $37000 is good support of 45 minutes chart.
Now...?
Bitcoin trading in small channel so If support 1 hold then we can see upward moments.
Mean Our 1st resistance will be $40000
If $40000 also break upward then ready for $45000
But if $37000 support break down then I am watching $32000-$33000 zone.
So keep an eye on my Levels:-
Support:- $37000/$32000/$26000
Resistance:- $40000/$42111/$45516
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BTC Winter Soldier Edition: Monthly Update.Almost a month since I posted this Winter Soldier Edition (linked at the bottom) I'm going to give you a more specific look at what I believe is going on here long term, including my suspected consolidation zone that I expect to last until mid-to-late 2023.
Someone might say "4 cannot trade into the zone of 1 for correct Elliot Wave" and they would generally be correct, with that said it can and absolutely has previously wicked down into these zones and you should be aware that can happen.
Will it be a straight path to the consolidation zone? absolutely not. Impulse waves will be required to reset RSI levels and it may take many months to reach this zone but the resistance levels are very clearly marked out and you can inter-day trade these targets if you so wish, just be aware as sentiment turns increasingly negative this will become a much more dangerous prospect.
As always, trade however you want to trade, this is just what I'm seeing and what I'm doing in terms of BTC.
Last Month's Winter Soldier Edition:
Bitcoin (BTC) • We might have NOT bottomed at allCurrent correction going on as expected BUT more aggressively than expected.
Chances are now in for a possible retest of 45k and new lows at 25k due to ongoing gaps visible on BAKKT and CME.
The 25k range is also confluent with Monthly average of November and a relative 50% between the high/low during that period of time.
Here's what I think might happen. (but its irrelevant. We should evolve with the market)
More Downside Coming For BitcoinI am expecting further downside in Bitcoin. When looking at the net buying/selling pressure, the current time looks very similar to August 2019. After the current dead cat bounce, we can expect to test 26k support and possibly lower.
The white/grey line represents the net buying/selling pressure on the indicator. You want to look for crosses above and below the midline as well as crosses above 30. A cross above 30 means that the bulls are in control and the price could rise rapidly.
Looks like we are very bearish in the short term.
Bitoin Shock TherapyBitcoin price did a -45% correction, so far price went below DMA200, which is indicator for long term traders/investors and if we will stay below it for reasonable amount of time, that would sinalize further dump.
IF price will manage break upside above DMA200 and stay above it, we could be safe in the long-term goals, and see btc floating around 100k by the end of the year.
Stay calm, make sure you running affordable risk.
How to overcome the cognitive barriers? What is cognitive impairment, popular point speaking, each of us are in a well, a little big well, some small point. The wellhead determines our perception of the sky. This well is our obstacle.
Right and wrong, we can not own objective judgment, all from the outside world.
Copernicus said that the Earth was not the center of the universe, but most people could not see it, but this was not the focus, but on who decided on the development of things.
For the speculative market, you do not try to convince anyone, if your judgment, with the trend of the market, you are the winner, on the vice versa, cannon ash.
The market is always ruthless, and the bulls and bears are not completely opposite to the two people. Most people form synergy, or most funds form synergy, and ultimately determine the direction of the market.
As trend deals, all we have to do is follow discipline, that is, cognitive barriers are like the greedy fear of human nature, and you can't get rid
Bitcoin Ready for $50000 or $23000..? very Imp Update#BITCOIN TA Update:-
$BTCUSDT currently trading at $38000 and made low of $36200
This is last support to hold aome Retracement upward side.
If this last support also break down then I am expecting $30500 and $23000
But total -44% down from All time high so Need to some recovery.
Also I can expect Altcoins bounce back from here.
Last support:- $36675
After if break down
Support:- $30533/$23111
Resistance:- $49266/$59339
I am also in big loss in many positions but I am still holding my positions.
Not open any new positions.
Thank you.
Bitcoin (BTC) • The correction Bitcoin was long due for deeper correction and we are finally seeing it unfold possibly for the reasons discussed in my previous video.
Today, I take a look at the trend and some structural technical levels to be paying attention in the near future. Also cover liquidations, funding rates and futures premiums.
A clear wave of five waves ended, and Bitcoin had a short breath Bitcoin has been so weak recently that the total market value has reached 40%, a new low since 2018. The rise of copycat coins and Musk's constant denigration made Bitcoin a little out of reach. But Wang will always be king. Without Bitcoin, I don't know if the digital money market can survive, because 99% of tokens come from Bitcoin. Of course, history will always be subverted, and one day the digital money market will be replaced. But for now, Bitcoin is still the soul of the market. If Bitcoin falls 90 percent, most tokens will return to zero.
Far from it, there are things that require historical falsification, which is not the key for secondary market traders.
We may be more concerned about today or tomorrow's trading points. Back to the chart, here is a clear wave of 5 waves down ,30, about a week. From time to space, there should be a decent rebound here. But from the day line, the long-term box at any time to break, the day line macd short trend has not changed, the average line ma144 lost. Panic index fell below 20, can be said to be embattled in all directions. But I believe that the market has a strong law of its own, we should not use their subjective will to judge the trend of the market. It's a favor.
There must be a 2-hour rebound, the difference is space. If we look at the rebound caused by the two bottom deviations, it should be a challenge in theory ma144, but we can't rule out the possibility of a rebound in time. So this is the principle of trading.
I have always stressed that the right-hand standard, which is not limited to buying, stop loss or stop earnings, is also valuable.
macd+ma operation, in the past period of time has been fully verified. When we fell to about $45000 on May 13, we proposed that this would be a two-hour L chart (about how the L chart works, my history article can search), and we tend to double-dip, forming a bottom deviation and rebounding. But I gave a limit ma36, that's the key to a lot of people who do n' t understand deviations (many question the validity of deviations because they don't add limits to deviations). macd deviation has proved to benefit from it ma36, so we have avoided the technology trap perfectly.
And now, I think, the probability of this secondary deviation is very large, and the probability of rebound is also very large. Similarly, we still have to add a limit to the deviation, ma18. if we break through, in theory we look at two rebound heights, one is D front point, the other is the ma144. point Of course, any analysis is based on the principle of probability, so operational insurance is transaction discipline. When the rebound fails and triggers the stop loss index, remember to leave. (If you expect every judgment to be correct, you might as well expect time back)
This is not the beginning nor the EndIn September 2020, when bitcoin was 10400 I published an analysis with a 100k price target in the next 2 years, why I changed my target and duration of the bullish rally on April 13, 2021, just one day before Coinbase IPO. and on April 29, I updated my target to 42-46k between May 10-20th.
Why did I change my target?
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1-Sep 12, 2020: Bitcoin could technically soar to 100 Thousand, what next?
2- Oct 21, 2020: Do Not Trade Bitcoin, Invest in Bitcoin for The next 2 years!
3-Apr 13: History tends to repeats itself..!
4-Apr 29: An updated target for Bitcoin