On the chart we can see a symmetrical triangle pattern, which is a neutral pattern meaning that it can breakout either to the upside or to the downside. Enter the trade once the price breaks out of the triangle. Look at the volume surge in order to avoid the false breakout. Targets for long and for short are shown on the chart.
I've made several analyses on BTC's bear flag pattern (purple) already, so we won't go into that. However, in blue you can see that BTC is on the verge of losing the daily uptrend of higher lows and higher highs. Today and tomorrow is going to be crucial for the short-term trend. Especially today CPI will determine the trading direction for the coming 1-2 weeks.
I've made several analyses on BTC's bear flag pattern (purple) already, so we won't go into that. However, in blue you can see that BTC is on the verge of losing the daily uptrend of higher lows and higher highs. Yesterday we closed the day around $24k, which is the same resistance we faced in the last days of July (yellow). If we won't get above $24k very soon,...
In our last Bitcoin analysis, we were waiting for the 4th wave to appear which we now have. We are on the final legs of the ABC and we have a solid level to look for price to stay above, which is above 19.5K. The bullish reversal can come in anywhere above that price. It will be more clear once we get the final leg down. We can see that there's bullish divergence...
BTC has been through a lot! Through out the Years, It has Seen a lot of Dumps and Pumps, But It never faded away! People Stole Some of it, Some wanted to Take it Down,but It prevailed! SO right now everyone is Mad About The Recent Dump and We all Know That This is not Of Course The First Time and will not be the Last time which this Would Happen. So If we Expand...
#BTC (Update) Bitcoin has been forming Lower Lows & Lower Highs since 29th March High. According to Descending Channel Pattern, Expecting Another Lower High (38k) Massive Bullish Divergence still in Play..!!
Decrease of sellers volume , i expect the price to rest after a long accumulation
Given the many requests for bitcoin analysis, it should be noted that the previous analysis available on the channel is completely valid We will always be by your side and will update the new analysis immediately if necessary Bitcoin is currently fluctuating exactly between the marked blue and red stick rollers in the past day and 12 hours, and nothing new has...
A classic bear formation... Let's see next few days/week? IF RED ZONE BROKEN THEN I EXPECT A BULLISH TREND
119th Day of Bitcoin Correction..!! If You're Still Surviving the Bear Market then You Deserve the Bull Run..🐂 Keep in Mind, Bitcoin has had +150% yearly return for Last Six Years. Trust the Process & Just #HODL Bitcoin..✍️
For More Daily Detailed Analysis, Go ahead and Click the Follow Button. As we reach some previous price action zones and strong resistance on a bullish upmove we can start to get short. Current Market sentiment has driven BTC up with a harsh movement.. This means we can await sellers moving into the market and take gains. Trade lightly with HVA's like this. Disclaimer
\Despite the bearish sentiment we now have broken our down trend resist, much to my surprise. We still have some very significant levels to overcome so stop losses should still be essential. the 44k level and 50k level will prove tough so be cautious at those levels if we get there. Right now, I'd like to see a pullback to test previous resistance as support to...
Bitcoin tried multiple times to go above the resistance of the $39,400 area but was unable to give a candle close above it. BTC is taking support at $38,200 and needs to hold this level otherwise we see more dump. A candle close above $39,400 will open gates for $41,000 levels. Stop loss is must as we may see big moves on both sides.
Hello my friends I'm YAZID and I came up with another analysis of bitcoin Bitcoin is currently trading at $ 38,800 and the news of the war did not have much effect on the price of bitcoin and we moved up again. We currently have 2 price scenarios Scenario 1: Bitcoin breaks $ 40 ,000 resistance upwards and after pullback and 4-hour candle stabilization you can...
As seen on the chart above, Bitcoin saw a Death Cross in 2021 that caused a month-long bearish period. It took a couple of months before the 50-day SMA crossed the 200-day SMA again. Fast forward to 2022, and we see a similar pattern. If the market experiences sustained FUD in the next few weeks, Bitcoin price may not be able to escape from bear territory anytime...
till Moving inside the Descending Channel, retrcemnt of 61.8 and dowtrend respect still bellow 361 ema
ALL THE CONFIRMATION ON THE SHORT TREND IS YOUR FRIEND CALLED IT 1 WEEK A GO PLAYED NICELY THATS MY NEW KEY LEVELS WATCH!! waiting for a bearsh monthly candle