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Bicoinusd

BTC Expects a Tiny FUDThe pressure of the SEC on Binance and Coinbase was not only badly received in the markets, but also stopped my bull analysis and we had to close the position at a loss. The first thing I saw when I looked at the chart from afar before opening a new position was that Bitcoin was on the eve of creating a second shark pattern. Bitcoin, which repeats the pattern it made in August 2021, can move towards the $18400 target if this upward trend is broken. Even though I see no reason not to make this move when an extraordinary FUD is swirling in the markets and fear prevails, I still keep my positive mindset and will start sharing pessimistic scenarios only if it retests after breaking the resistance. Even if uptrend continues, this risk seems to continue as long as the $30700 level is not exceeded.
INDEX:BTCUSD
by YavuzAkbay
Summer BTC Movement Scenarios (End of Summer Rally ?)Hello everyone, I would like to share with the community my first analysis ever. First thing first I am in the process of learning, so all the feedbacks are more than welcome. --------------------- Let's start, I have been watching BTC movement very closely more than ever this bear cycle. Even more so as we are more likely to enter a recession cycle within the next 12 months. Not to mention the disastrous world economic situation resulting in the spiking inflation rates, the devaluation of USD and the worst of all: Oil crisis. ------------------- July 13 After BTC started its rally to "summer moon," a sudden reversal in trend formed a wedge on the Jul 20 by a reversal in trend caused by Elon Musk's BTC announcement (short). ------------------- Jul 22 BTC price started to show premature signs of what seemed to be a regular range movement upward to retest the wedge resistance (yellow) in a natural accumulation pattern to break upward (as the wedge initially formed in an already developed up trend). But things didn't not go as expected. The first red flag was that when retesting the support, the price started consolidating longer than usual near the support area then quickly rested the closest resistance before reversion as quickly downward to retest the same support again. In other words, the consolidation happened suddenly for an unusual length of time (breaking the ranging pattern). All this, oddly near the support area. It seems to me like a failed bull trap (as buyers did not bite in) - Let me know what you guys think ? Next thing you know the BIG DUMP (breakdown) that we all witnessed a few hours ago. --------------------- To conclude this mini crash broke this short term rally as you can see on the chart I shared. Will it rally ? Will it pull back and bring us to the price levels before July 13th ? All in all, The next days will tell us for sure. The 2 decisive Macro factors will be: 1) Retail sentiment / Adaptation to this breakdown or upcoming breakdowns if there will be. 2) Big NEWS / Breaking News. Bullish or Bearish. As per my TA: I foresee that we will be pulling back one way of another towards the 21.6K in the short-term. Retesting the 19K resistance in the mid-term. Thank you for your time. Please leave a comment, any kind of support will be appreciated ! Your Truly :) --------------------- DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE. These are just my own analysis and ideas about the current market. I am not a professional financial advisor. ----------------------
Editors' picks
Short
by Tradamus
63
#BICO/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BICO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello members welcome to BICO/USDT update by CRYPROSANDERS As we can see from the above-mentioned chart that BICO/USDT created an inverse head and shoulder pattern and broke the neckline and currently retesting. So here we are expecting that BICO can rally for 12% - 15%. Here we can take entry to the green zone. If it retests then the green zone will be the zone to go long for the long term at spot or low leverage. entry:-CMP and ADD MORE AT $1.64 target:-10% to 15% stop-loss:-$1.55 Sorry for my English it is not my native language. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
TheKing New Year AnalysisEverything is annotated in the graph and simple, so nothing much to say. - TheKing is growing in a Big Triangle (Green triangle Zone). - Attempted 2 times to break 70k$ Zones. - We are making HH and LL in this Triangle. - This triangle is starting to be tinner and tinner with time (retracements have been smaller). - Looks like we are building a New support zone around 45k$. - Biggest support area still 30k$. - Unless we brutally break down this big Triangle, imho we are still in BullRun Mod. - Bitcoin was always Violent and Brutal in both movements sides (Down and Up) to rekt people's using leverages, so try to always be carefull, don't leverage too much.., don't go all in, manage yourself. - Targets are unchanged (see my last analysis in comments). Happy Tr4Ding and Happy New Year to Everyone 🚀🌕🎁 !!!
Editors' picks
Long
by thecryer
141
BTC Headed To $39k - $40k This WeekLooks like Scenario #3 is playing out here as Bitcoin struggles to hold $42,500, an important support & resistance level from earlier this year and recently on the way back up to to $50k, triggering a pullback to it's rising 21 day EMA. From here, I expect BTC and the Altcoins will bleed further lower, with BTC bottoming between $39k and $40k before rebounding sharply, possibly as early as Friday. The weekly and monthly RSI have also rejected at key resistance levels, indicating further downside in the short term. If we close at or near the weekly lows, we could see further downside from there but this market feels like it wants to go higher. For that to happen, we would need to see a bounce off the weekly lows to have a bullish candle print on the weekly chart, and some indication the US stock market will bounce in the short term.
Short
by BrettFogle