Bitcoin Approaching $20,000 - Here is What You Need to KnowAs Bitcoin prices continue to surge, you may wonder wonder where the next area of interest will be. According to recent price development, HKEX:20 ,000 is the next target on the radar.
In February, we predicted that shorters would be wiped out and that a HKEX:20 ,000 pullback was likely. The sequence of events has unfolded as expected, with emotions flooding back into the market. Before Bitcoin prices continue to rise, there may be (and will be) a period of decline and volatility.
Despite this, we remain optimistic about the current position of the coin. However, it is important for us to consider the opposing side and to not become complacent during these circumstances. As Bitcoin approaches HKEX:30 ,500, traders should keep this level in mind and stay informed about market changes. Remember: when greed factor is high, it's time to sell :)
Hope you all have an amazing day!
20kbtc
For those with doubts, zoom out (Bull Flag in progress)I think 14k is the intended target of this current correction. That would test the breakout of a major former resistance area. This would also conclude the 80% cycle correction. Not financial advise, but anything around 14 - 22K and you're getting BTC for a steal.
Make or Break for Bitcoin in June. We have been consolidating along super important and critical levels since 9th of May 2022.
These ranges will MAKE or BREAK BTC the coming months...
(June, July, August) Just like last year.
I`m currently super bearish.
US markets look horrible, The FED is destroying their own economy, inflation is through the roof.
NOTHING can save us.
Doomsday is awaiting for the global markets, INCLUDING crypto.
Stay strapped. This ones is going to hurt.
We could be in for a long anticipated RECESSION.
BTC $32K This Weekend?BTC looks primed for a move down to $32K over the next 2-3 days. That price level may provide a temporary relief bounce, but even then price action could just continue down. This would be a last chance price level before continuing down to my $18K-$20k near term bottom.
Watch for a break of this bear flag on the lower time frames, which is just a smaller flag inside of a much larger bear flag that has already confirmed a break down.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
BTC Danger $20KI've been watching the market very closely the past couple of months and this does not look good. What I see is a bear pennant that just broke down. BTC has already had a monthly MacD cross down, broken this bear pennant, and is about to have a bearish 4hr 50/200SMA death cross. All bad news to me. If this does play out with a 50% correction, just imagine what that does to Alts. Tread carefully over the coming days.
BTC: M Pattern & how it can work outHello,
Coming back on my previous post, this is a possible outcome that generally happens when a M pattern is happening. A break through the support of the middle section of the M, with a quick fall+retest of the same support that now becomes a resistance.
As you can see 20k is an ideal bottom and you should join me in doing a big buy here. This support can reach very fast, it is only a timeframe of a couple of weeks. However, we should also open a sell around the 30-31k zone when this happens, to cover for earlier buys around the 30k section this year.
Don't think that we can never reach it.. BTC also did 20k to 4k in 2018. that is 80% dip. compared to ath 65k.. this 20k dip is possible.
However, in the end we can never really 100% know. News also influences crypto alot and that is why I am not going 100% usdt until 20k is reached or whatever other super bearish plan. I am simply accounting for this possible outcome.
BTCUSD D4. A-A or B-B, which scenario will you choose?Please note, this is not a daily chart, 1 bar = 4 days.
Scenario 1. A-A trading range, the previous high (69k) can be seen as an Upthrust and a Signal of Strength. At the moment, we have reached a significant level of POC and there is a possibility (according to the theory of cyclicity) that after the 25th there will be a rebound upwards. Also, the further development of the pattern, can bring us a Spring signal, I mean, dropping below the 30,000 and a quick return to the top.
Scenario 2. Trading range 2-2, there is a possibility that the current movement is a Shakeout with the goal to reach the 20k zone.
Perhaps in this way "they" want to throw all the hamsters off the train, buy BTC at a "cheap" price, and only then go upstairs.
Insane Bar pattern Found. HUGE 911 look asap BITCOIN emergency Watch what MM crypto says. "Technical target of 20k for breakdown of "H&S"
www.youtube.com came out today as of 1/10/22
and what this guy says watch what he says about the h&s youtu.be
Im seeing a pump/bulltrap to 47-52k according to this bars pattern. At this point I would take profits and stay safe in USDT if you are in profits. If you are in losses, even at 47k + then i would consider cutting losses. (NOT FINANCIAL ADVICE) You do you, I'm simply giving you a heads-up that has a huge chance of playing out.
Don't forget, bitcoin for 2021 is in a rising pattern.
Stay Safe.