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Bitcoinanalysis

Bitcoin Still Wants That 24.6 - Fighting between Bears and BullsBitcoin\1H Holding the bottom of the rising broadening wedge Yesterday we dumped and then we pumped back up BUT Bears pushed it back down. this down move tells me MMers trying to buildup more shorts before they push it higher It also indicates Bearish momentum is getting stronger and Bulls having problem pushing it up Please Boost,Follow,Comment if you find this informative Expectation is we either hit AROUND 24.6 and come back down. or the retest and liq grab of 24.6 wont happen and we break the bottom of the rising broadening wedge for good. Ive talked about BTC Correlation to SPX. SPX did bounce up a little bit yesterday but then it came back down,holdin the low showing weakness. Detailed TA on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin Preparation OutlookPrice of bitcoin is ranging in a bear flag. Zig zagging between 18500 and 22500. I believe we will see some zig zagging before we have another wave down. If price reclaims 22500 and we can clearly see it became support then we can have a bias towards a target of 25-26k and that would still not be enough to get bitcoin to start any real uptrend..... If we do not do break 22500, then I expect it to roll over and go to 15-17k price or lower. I think any of these options are plausible but I am leaning more towards shorting based on what I see price doing... There is not much telling us that price will go up... If the Yellow Support breaks that will be break the small trend we have and create lower low giving us reason to become more bearish towards 16k and 12k areas. This is a general guide not a full out plan... Be wise and use proper risk management. See my other post to see why I have 12k range as a target. It is part of a bigger head and shoulder pattern that has a completion area of 12k areas.
Short
by ELVTV
Bitcoin in a Trade Range, BTC Upsides Limited at $24.1kPast Performance of Bitcoin Bitcoin remains in an uptrend in the medium term but is in a consolidation in the immediate term. Even though there were gains on March 1, bulls didn’t push higher to break above $24.1k. From the daily chart, prices are still within the bear bar of February 24 and bearish in the short term. Unless there is a convincing breakout, there is a high chance of more losses in the coming days. #Bitcoin Technical Analysis BTC remains in a consolidation with caps at $24.1k and around $22.8k. The defining bar is the February bearish engulfing candlestick. Therefore, from an effort-versus-result perspective, bulls will only take charge, resuming the primary trend should there be a high-volume close above $24.1k. In that case, BTC may float to $25k, mirroring gains of February 15. Conversely, conservative traders can wait for a dump below $22.8k before selling on every attempt higher, targeting $21.5k in a cool-off after surges from mid-December to February 2023. What to Expect from #BTC? Buyers are confident, but price action ticks to favor sellers in the short term. Unless there are welcomed expansions above $24.1k, as mentioned above, reversing losses of February 24, sellers have the upper hand. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin exit of wedge and can continue move upHello traders, I want share with you my opinion about Bitcoin. Watching in the chart, we can see how Bitcoin the exit of downward wedge, and started moving up. Subsequently, the price decreased and retested the buyer zone, from which bounced back and begin to rise. Currently, the price is above the buyer zone and may continue move up. Bitcoin can continue to grow and reach the resistance area. Based on this analysis, I decided to set two targets at 24,300 and resistance area 24930-25250. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
#Bitcoin In a Bearish Range, Will BTC Break Above $24k?Past Performance of Bitcoin Bitcoin remains under pressure at spot rates, looking at the performance in the daily chart. Despite gains today, sellers were still in control since prices were still within the bear bar of February 24, a sign of weakness. Until prices break above $24.1k, the coin risks dropping in the short term. #Bitcoin Technical Analysis BTC is consolidating inside the bear bar of February 24, a sign of weakness from an effort versus result perspective. Support lies at around $22.8k. The only way to define the immediate trend is a breakout in either direction. Sellers will flow back if BTC losses $22.8k with rising volumes, confirming the bears of February 24. In that case, aggressive traders may sell on every attempt towards $23k, targeting $21.5k in a retracement. Conversely, if there is expansion with bulls lifting the coin above $24.1k, on the back of rising participation, the odds of BTC retesting $25k would be high. What to Expect from #BTC? Traders are buoyant. However, there must be confirmation. For this reason, conservative traders can wait for a clear trend definition above or below the current consolidation. Overall, prices might recover in the medium term from a top-down preview. However, there are hints of weakness for now, and bears are pressing on as the coin is capped inside the February 24 bear bar. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Bullas wants to push it higher on Monthly Close!BTC/1H `at the bottom of rising broadening wedge Forming another pennant ` After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7 Please Boost,Follow,Comment if you find it informative Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Is Weak, Could Slide Below $22.5k As Bears Press OnPast Performance of Bitcoin Bitcoin prices remain in a tight trade range, around the $23.5k support line. There are signs of weakness, but that needs to be confirmed with a sharp drop below $23k and even $22.5k with rising volumes. From the daily chart, buyers are in control. However, for buy trend continuation, there must be gains in line with February 26 gains, affirming strength. #Bitcoin Technical Analysis From the daily chart, buyers are in control from a top-down preview. All the same, after an impressive performance in the past few weeks, the uptrend is fizzling. As prices oscillate inside the $23.5k and $24k zone, buyers must push prices higher and confirm the strength posted over the weekend. If not, any slip below $23k would signal weakness, an opportunity for traders to find entries on every attempt higher, selling with targets at $21.5k. This preview will only change if there are gains above $25k with rising volumes, invalidating the bearish attempt of the last week of February. What to Expect from #BTC? Traders can wait on the sidelines until there is a clear trend definition. The immediate resistance is around $25k, while support is at $23.5k. Any drop below $22.5k and last week's lows may trigger a sell-off, pushing the coin lower. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin wants it higher but bears dontBitcoin\1H consolidating after breaking the down wards parallel channel and making a new extreme to the upside ~23.6.It could go up to ~24.1 where a big liquidity cluster is and come back down after that. **Next stop for bitcoin could be around 20500 where the CME Gap is** Please Boost,Follow,Comment if you find this video informative. We yet have to see a flood down to around 20K or even 19K. With SPX testing the biggest resistant line as a support ,today after a retest it will lose it and flood down thus btc will follow .
BINANCE:BTCUSD.PShort
by pcmonk
2
#Bitcoin Recovers But Will Buyers Break $25k?Past Performance of Bitcoin Bitcoin prices are volatile. After losses from Friday, February 25, BTC prices recovered yesterday but remain within a bearish formation, a discouraging move. Notably, from the daily chart, BTC is trading at around $23.5k, a critical support level. Should prices contract from this line, this could swing price action to favor sellers in the short term, possibly canceling out the bulls from mid-January 2023. #Bitcoin Technical Analysis The path of least resistance is overly northwards. However, there are hints of weakness, reading from the performance in the daily chart. For buyers to take charge, there must be gains above $25k with expanding volumes. Presently, losses, especially of February 25, may weaken the uptrend, allowing sellers to flow back and swing price action southwards. Because of yesterday's gains, traders can wait for a follow-through. However, if prices fail to edge higher and close below $23.5k, mirroring those of the bearish engulfing bar of last week, BTC may drop to $21.5k. What to Expect from #BTC? Buyers are in control from a top-down preview. Nonetheless, losses below $23.5k, confirming the end of last week's sell-off, may trigger a dump that may see BTC retest at $20k or lower. Conversely, reversals pushing BTC above $25k may anchor the next leg up. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Consolidating to go Lower AGAINBitcoin/1H Doing another Pennant We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move. Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it. We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just starting and we yet have to see bigger red candles ~13% Please Follow,Comment,Boost if you find it informative. Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
Correction Bitcoin Is Going According To PlanIn my previous analysis, I stated that it is likely to see a correction for Bitcoin because of two main reasons: - We're experiencing heavy horizontal resistance near 25k - The 200 weekly ma is at 25k, giving us confluence (double resistance in this case) Now that the correction has arrived, everything is going as planned. As you can see on the hourly chart, Bitcoin was making lower highs as soon as the price got rejected at the resistance for the 3rd time. Finally, the lower resistance line of the resistance zone got rejected and kicked off Bitcoins fall to our support level at 23k. Now that we're in our support zone, I expect at least a small bounce or some sideways action before we see our next move. Depending on how bullish Bitcoin is, this is either going to be the bottom, or we're going lower to 21k
COINBASE:BTCUSDShort
by FetchTeam
Bitcoin Bleeding Started!More Pain To Come!Bitcoin/1H doing a pennant that is a sign of continuation ( maybe with a small up move ~24.2) Please Follow,Boost,Commet it really motivates me to do more. REALLY DOES!!!!! Bitcoin has been going down for couple of days , Bulls getting demolished on every RIP they push it. meaning smaller upsides bigger downside and with the pennant its doing it could come down to ~22.8 and hold this range for weekends.OR hit ~21.7 (over 4M liq cluster there) and then bounce back to ~22.8 holding that range again for weekends. CVD is negative and Open Interest is going down indicates more sell pressure Detailed Explanation on the video - Also the new mic is comin today Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
2
#Bitcoin Traders Appear Undecided As Prices Trickle LowerPast Performance of Bitcoin Bitcoin is weaker when writing, trading in a tight trade range, tethered around the $24k level. Even though the primary trend is northwards, there are concerns that the coin may drop if it loses support at $23.5k and the middle BB. On the flip side, a close above $25k and the present consolidation will solidify the bullish outlook, allowing traders to double down on dips. #Bitcoin Technical Analysis Presently, the BTC uptrend is weak. Traders are undecided, resulting in an accumulation. Still, for a clear trend, prices must either reverse losses and surge above $25k or drop below $23.5k and the middle BB. Because BTC prices are inside the bullish engulfing bar of February 15, buyers appear to have the upper hand. Even so, this will quickly change should there be a high volume contraction below $23.5k. In that case, BTC may retest $21.5k, an opportunity for aggressive traders to load on every attempt higher. What to Expect from #BTC? Prices are lower, but the uptrend remains. Traders can wait until there is a definitive close either above or below the current limits. Any breakout above $25k will confirm buyers of February 15, validating the recent uptrend and setting the pace for the next leg up towards $28.5k or better. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Bitcoin’s Upside Momentum Fades, Will BTC Crash Below $23.5k?Past Performance of Bitcoin Bitcoin is trading lower at spot rates, shrinking by four percent from recent highs. Technically, buyers are in charge, but the failure of prices to edge above $25k is a concern. As it is, traders can watch out for how prices react at support, aware that any dip below $23.5k will cancel out the bullish outlook in the short term. #Bitcoin Technical Analysis BTC prices are trading above $24k as sellers pressed on. From the daily chart, traders can look to sync with the primary trend, selling on dips with targets at $21.5k in the short term. Presently, BTC is below $25k but is encouragingly inside the bull bar of February 15. This bullish engulfing bar anchors the short-term trend from an effort versus result perspective. Any loss below $23.5k and the middle BB would cancel the bullish preview, strike out buyers of February 15, and set the next leg down toward $21.5k in a correction. What to Expect from #BTC? Overall, Bitcoin bulls are upbeat. However, this could change, especially if today closes as bearish below $23.5k. In the near term, the zone between $21.5k and $25k is critical and would shape the coin going forward. Resistance level to watch out for: $25k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Wants To Dump Further After a RetracementBTC/1H after breaking the downwards parallel channel , we bounced back at ~23.7 (blue up trend line) and started to goin up for a liquidity grab ( might touch the white horizontal line or pink trendline) After that it will continue back down to 21.7 or even ~20500. Dont foget bitcoin pumped when NY stock market was consolidating so we have lots of fake pump to remove detailed explanation on Ive decided not to record videos due to low mic quality. new mic will arrive friday night. Please Follow,Comment,Boost if you find this video informative.
Short
by pcmonk
Bitcoin Catastrophic Move On FOMC DayBTC/1H forming a parallel downwards channel After 3rd touch at 25.2 and jebating everyone with that Ascending Triangle. bitcoin invalidated the triangle and started bleed down slowly to ~24K showing Bears are comin into the market again and bulls are running out of fuel. Please Boost,Comment,Follow if you find this video informative!Really motivates me to do more. There are some buy pressure still which I think bulls can try to push the price back to 24.8 for the last time before a catastrophic move to the downside ~22.4 or even a capitulation candle to 21.1 Detailed explanation with lot more to covered on video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
3
Bitcoin Drops 4% From Resistance, Will BTC Hold Above $23.5k?Past Performance of Bitcoin Bitcoin is roughly down five percent from this week’s highs, below $25k, and weaker than last week’s performance. Although the trend remains bullish, how prices will react in the coming few days is yet to be seen. Even so, as long as prices are above $23.5k and the $24k support zone, buyers stand a chance. Bitcoin Technical Analysis The path of least resistance is northwards. Prices have been consolidating in the past few days, trending within the $23.5k and $25k zone. Technically, traders can wait for gains above $25k to load the breakout, targeting $28.5k. Before then, the contraction of prices to spot rates and the failure of bulls to push prices above the immediate resistance level is a concern. Considering the state of affairs, swing traders may take their profits and wait for the reaction at $23.5k. Losses below this support with rising volumes will swing to favor sellers targeting $21.5k in the short term. What to Expect from BTC? Traders are upbeat at spot rates. After a solid performance, the cool-off was expected. How prices react at $25k and $23.5k will shape the short-term price trajectory of the coin. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Uptrend Valid, Liquidation Line at $25kPast Performance of Bitcoin Bitcoin prices are holding on, firm, and near last week's highs when writing. There must be a sharp close above $25k for the uptrend to be sustained. On the lower end, support lies at $23.5k. As it is, traders can search for longs on pullback above immediate support lines. More gains above last week's highs would reassure buyers, possibly building the base for the next leg up. #Bitcoin Technical Analysis BTC is in consolidation. The surge of February 20 reversed losses, reassuring bulls that the uptrend is valid. Even so, there could be more opportunities above $25k. If the breakout above the immediate liquidation level is with rising volumes, BTC may float to $28.5k in continuation of February 15 gains. On a more cautious outlook, any slip below the $24k and $23.5k support level will disqualify the bullish preview, especially if the dump is with expanding volumes. What to Expect from #BTC? The trend is bullish, which will remain as long as BTC is inside the bull bar of February 15. Technically, traders can look to double down on dips, syncing with the primary trend as they expect more gains in the sessions ahead. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin Consolidates Near Q1 2023 Highs, Resistance $25kPast Performance of Bitcoin Bitcoin is within a bullish breakout formation as long as the coin is above the $23.5k and $24k support. There is accumulation at present, and the coin may push higher, provided prices are within the February 15 bull bar. Bitcoin Technical Analysis Since BTC prices are within the February 15 bull bar, the upside will be confirmed should the coin surge above $25k. Support is at $23.5k and the 20-day moving average. From the effort versus result setup, buyers are in control. However, considering the present consolidation and tight trade range over the weekend, prices must break out in either direction. Gains above $25k could see BTC spring to $28.5k in a bullish continuation. What to Expect from BTC? Traders are upbeat, per the performance in the daily chart. In the short term, prices are consolidating but could tear higher if there are gains above $25k, as mentioned above. Still, traders should watch how prices react at $23.5k if there is a cool-off from spot rates. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer