bitcoin update btchello traders bitcoin will probably drop 25 k they left the liquidity we specially determine the week movement after the Sunday candle open there is fvg and a liqudity short term sell is possible if you cant enter now we will find scalp entry just follow but over all we are buy setup but there is daily pullback to reach into previous weekly high
25K
gbpjpy analysis - 27 mar 2023okay so on GJ it's a bit of a tricky one but i'll try put it into words...
- firstly i identified the overall trend to be bearish on the daily and weekly as well
- down to the H4 market has been bullish since friday morning but then it turned bullish after creating a lower low, so right now it could be going up to form a new lower high but we will see
- so i'm currently waiting for market to get to my 161.599 zone and see what it does when it gets there but i will be anticipating a bearish move once it gets there
- or waiting for a breakout of the zone on the H1 to go short as well
but we sit and wait to see what happens
We have hit our target of 25k consistently for last few days. Well, as any other person, I would also like to take a time to give a pat on back since we have hit our targets in BTC. 25K is done.
Now what to expect?
While there is increased trading activity due to some events, its still not looking overlay positive for BTC in long run. I expect it to face resistance here and fall back to see if there are whales willing to push further - I doubt there are.
This will be a strong long term resistance and we will see price bouncing between this and about 18k regularly.
At least for few weeks.
Lets see what BTC holds for us, personally we are closing all the longs. Not entering shorts just yet though, as system hasn't given a short signal yet.
Lets wait and watch.
20/02/23 Weekly outlookLast weeks high: $25301.6
Last weeks low: $23314.8
Midpoint: $21328
BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower?
As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.
BitCoin Can not going upper than 25k $BINANCE:BTCUSDT
In the chart You can see Bitcoin has e 3Drive, and RSI Oscillator has a Up-trend line that near breaks to down.
Unfortunately Bitcoin couldn't achieve thar upper line of the channel. These facts seems that Bitcoin price couldnt go upper than 25k $ Level in August.
11 Year Support Level (BTC 25k)Seeing how this weekly just closed, I think the chances now are very high the next week or two will be big red bringing us down to the 25k area which would be our 11 year support levels.
I'm going to be building up a low leverage long position the next while, making sure my liquidation level remains well below the 11 year support level to stay safe.
₿Itcoin $27,000 plus by January 1st (₿Itcoin New Years Party)This is not a call or idea, BUT
If you follow me on twitter you know I like to celebrate ₿Itcoin milestones, I believe we will look back at this time in wonder on why we were so stressed, just posting this to say I am already planning my $25,000 per ₿Itcoin celebration for new years. :) I like to enjoy this life so I suggest you do to.