BITCOIN - Price can bounce up to $72500, exiting from wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to rising channel, where it at once fell to support line, breaking $57900 level.
Then price in a short time ros to this level, broke it again, and made retest, after which continued to move up.
Later BTC rose to $65900 level, turned around, and declined lower support line, thereby exiting from rising channel.
After this, price continued to move up inside wedge, where it bounced from support line and rose to $65900 level.
Soon, price broke this level, and rose to resistance line, after which made a correction and now continues to grow.
In my mind, BTC can bounce up from support line to $72500, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bctusdt
#BITCOIN DAILY UPDATE.#BTC daily candle closed at $66452 which is bullish in the short term.
It is likely to hit the $68K level. Once that target is reached, the price could push for a new all-time high. However, there’s also a chance of a quick retest at the $61K level—potentially forming a long wick followed by a sharp bounce.
Keep this scenario in mind and remember, Bitcoin is still trading below resistance.
Trade carefully.
Cheers!
Do hit that like button if you like it and share your views in the comment section.
Thank you
#PEACE
BTCUSDT: $57000 TO $66000 Targeting Small Move Dear Traders,
We have a good opportunity on btc to target a small buy correction move, it is not an swing trade. However, we cannot be certain of swing move yet on crypto market that is why we have decided to share you an intraday move. Please do your own research too before entering or taking any positions.
#BTC QUICK UPDATE: Support Zone In Focus!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis.
BTC is currently testing support around the $66,500 level. This area coincides with the 100-day moving average (100MA), which can act as a support or resistance level.
Two potential scenarios emerge:
Scenario 1: Support Holds: If the price finds support at the current level and bounces back above the 100MA, we could see a move towards $68,000-$70,000 in the near future.
Scenario 2: Support Breaks: If the price breaks below the $66,500 level and closes decisively under the 100MA, further downside towards $64,000 becomes more likely.
Important to Remember:
What are your thoughts?
Share your analysis and any questions you have in the comments below!
BITCOIN - After impulse up, BTC can correct and continue rise Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.
BTC made strong correction movement to $38500 points, breaking $42500 level with support area.
After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.
In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.
Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.
Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin can start to move up and then try to exit from pennantHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago price traded near the support level, which coincided with the buyer zone, and in a short time it finally broke this level. After this, BTC made a correction to the buyer zone and then made impulse up to the 41500 resistance level, and also broke it soon too. Then price started to rise inside the upward channel, where it some time declined to the resistance area, but last time price rebounded from this zone and made a strong upward impulse to the resistance line of the pennant, thereby breaking the 45900 level, which coincided with seller zone and exiting from channel too. But a not long time ago, BTC rebounded from this line and made a strong downward impulse to support line of the pennant, which is located in the resistance zone, breaking the 45900 level again. After this movement, the price tried to rise but failed and declined lower than the 41500 current resistance level, where at the moment it continues to trades near. In my mind, Bitcoin can decline to the support line and then rebound up to the resistance level, thereby exiting from the pennant. Then, I think, the price can try to break this level, and if it does this, BTC can make a retest and continue to move up. So, I set my target at the 43500 level. Please share this idea with your friends and click Boost 🚀
BTC ANALYSIS#BTC UPDATE.
#There is nothing new about btc move ,btc is still facing the red box area resistance and not been able to close above the red box resistance area.With addition of the BB indicating some sharp move ahead in either direction,the direction would clear on the breakout but you need to prepare for both sides move.I would suggest not to trade in the green box area until some confirmation.
According to the scenario maybe this will be the last dip!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
In the daily time frame, BTC is forming this falling wedge pattern.
Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
BTC drops after the FOMC meeting as expected, according to the pattern we are expecting some more drops up to 15k and then we can expect a bounce.
But as we all know to confirm this pattern, we need a breakout.
Stay tuned I will keep updating BTC in every timeframe below the chat.
So read the full chart carefully
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
BTC ANALYSIS
Analysing the current BTC move..
#BTC has again come to retest the resistance level but we have decrease in the voule as btc approaches the resistance level.Since this has been the Strongest resistance since past few days it wont be easy for btc to close above it.
Will still wait for the daily close as reversal is also possible from here.
USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop according to the pattern.
If it breaks this red line resistance the chart will be invalided.
stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#BTC: FALLING WEDGE PATTERN FORMATIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
BTC UPDATE
BTC is forming this bullish falling wedge pattern in a daily time frame currently it is on the lower support of this pattern we expect a bounce from there.
we can buy BTC with an SL of 27k.
Let's see how the daily candle closes.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
Thank you
BTC: SHORT TERM PLAN!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is bouncing off nicely from the $30k level so far and holding above $31k very well.
BTC is forming a descending channel like pattern in the 4hr time frame where breakout of this channel is still pending. Once BTC breaks this channel we can expect a good bounce. BTC has a resistance at $37.5k so in the short term we might see a pump up to $37.5k after breaking out from the channel.
For successfully playing out this scenario BTC needs to stay above $30k. If any 4hr candle close below $30k will invalidate this pattern.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC: STILL IN UPTREND IF HOLD THIS LEVEL!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. In my previous BTC update, I told you that if BTC does not hold 100D MA ($42k) then be ready for $38k-$39k so everything goes as planned so far.
So what I'm expecting now?
As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel. So I'm expecting a bounce in the market from this level and making another Higher low.
If any daily candle closes below this channel then this scenario becomes invalidated.
Let's see if BTC holds the $39k level or not.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#BTC/USDT ANALYSIS
It is currently above this support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
CAN BTC BREAK 45k LEVELHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#BTC update: Once Again, Price got Rejected by the 45k Resistance level
As I already said in my previous chart BTC Might Retest the upper Trend Line of this bullish expanding Triangle Before the Next Bullish Wave.
so, let's see how the market reacts in a few hours
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
BTC 3 DAY Technical AnalysisWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly, as well as 3-day candle closing above $38k things, will get better in the short term.
Still, It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios, there are some confirmations for which we will wait and I will keep you posted.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE