Bitcoin Fake Pump Before Major CrashAs Ive said in previous video (link to related ideas) we were jebating longs before going into a crash . we pumped to 25K to retest that price which is eight month high and the origin of previous downtrend.we now formed a double top on high time frames (3h 4h Daily)
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We pumped 13% in one day and dumped 8% the day after showing sign of heavy rejection and more yet to come.
since we consolidated at most levels from 20K to 25K , a capitulation candle downwards ( at least 13%) could happen any time but personally I think S&P500 must be ~3800 and DXY ~104 for that to happen
maybe a retest around ~24400 then come back down to 22800 and if that support didnt hold ~20500
More details and liquidation clusters in video
Thanks for watching
Bitcoinanalysis
#Bitcoin Trading At A 6-Month High As Buyers Aim For $28.5kPast Performance of Bitcoin
Bitcoin prices are ripping higher, recently printing new Q1 2023 highs, per the formation in the daily chart. After fears that the coin has peaked in mid-February, the resurgence of the past two days has lighted up demand, rejuvenating buyers. As long as prices are trading above $23.5k, the uptrend is valid, and traders may look for entries on dips.
#Bitcoin Technical Analysis
The path of least resistance is northwards, and BTC is retesting August 2022 highs. As it is, buyers can ramp up on every dip above $23.5k, expecting further gains toward critical reaction zones of 2022. Notice that, on February 16, prices retraced. However, since BTC is within the February 15 range of Wednesday, the trend is up and buyers are in a controlling position. At this pace, BTC may soar to May 2022 lows at around $28.5k.
What to Expect From #BTC?
Bulls are in control, and the trend has shifted back to green after the blip of February 14. As BTC bottoms up from the pits of 2022, the coin will likely continue to tear higher as long as prices are above $23.5k and February 2023 highs.
Resistance level to watch out for: $28.5k
Support level to watch out for: $23.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
BTC Bulls Are Back or liquidity grab ?BTC/45M
Before the pump yesterday, WE formed a pennant (two purple lines bottom left) then we legged up insanely to ~24900 but did not touch the origin point of resistance ~25212.
now we are forming the same pattern (two red line top right).so this could go up to ~28600 with this momentum that its showing. Green drawing shows the wave of the pennant which both have the same wave.
pennants usually are sign of continuation and if they fail it could be a jebait or a complete retracement.
My personnal bias is down side due to market and world economy situation.
Also made a video today which unfortunately is in DXY category in link to related ideas
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Bitcoin Bull Market Back Or Fake Pump?BTC/3H Back to the rising broadening wedge
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Yesterday we were inside a rising wedge but we Also were forming a pennant at the top of the wedge which was a sign of continuation to the upside.
we exited the wedge and we went to ~24900 (Touching the top of our rising broadening wedge). there is a resistant ~25214 which it jebaited it and not reached it YET , we could legup and liquidate all the high leverage shorters or crash back down
we could also go higher and touch ~28K then start forming a new range between 28k and 25k which is less likely to happen.
More liquidity to the downside than upside and that is the reason why we go up with less volueme than we go down.
Thanks for watching!
#Bitcoin Emphatically Reverses Losses, BTC Roar Above $24kPast Performance of Bitcoin
Bitcoin prices are up 16 percent from last week's lows, reversing losses of February 9, and, most importantly, trending in a new Q1 2023 high. Based on this formation, it is clear that the trend has shifted and buyers have the upper hand. With the coin above $24k and roaring with expanding volumes, traders can look to double down, targeting $25k or better in the days ahead.
#Bitcoin Technical Analysis
Following gains on February 15, building on the rally registered early this month; Bitcoin bulls are firm and in control. Notably, the reversal of February 9 is a net positive for buyers. Since BTC is above $24k, it is clear that buyers are back in trend, moving in motion and syncing with buyers from mid-January 2023. This preview is valid from an effort versus result perspective, an endorsement of buyers who emphatically reversed losses of February 9. As it is, conservative traders can load the dips after yesterday's decisive break above the consolidation of early February at $24k.
What to Expect from #BTC?
Prices are back to green after the breakout above consolidation. Notably, the push above $24k and February highs was with high participation levels signaling interest across the board, a net positive.
Resistance level to watch out for: $25k
Support level to watch out for: $23k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Financial Wave. BTCWe have adjusted our priority scenario in Bitcoin. But we still believe that the fall is not over and, most likely, the price of BTC will begin to decline in wave c in the near future. Once we see the first down waves, we can set short-term downside targets. If the price of Bitcoin rises above $22649, our forecast will change.
#Bitcoin Recovers, Trend Remains Bearish With Support at $22.5kPast Performance of Bitcoin
Bitcoin is firm when writing, springing higher from the $22.5k support line. BTC is up two percent in the last 24 hours, steady, and likely to build on yesterday's gains. Even though prices are inside the bear bar of February 9, gains are with rising volumes, pointing to participation, a net positive. As we advance, traders can search to fade the primary bearish trend, especially if today closes as a solid bar.
#Bitcoin Technical Analysis
BTC is inching higher. Volumes are relatively firm, considering the lull of the past few trading days. However, volumes are comparatively lower than those of February 9. In the days ahead, conservative traders can wait for a clean break above $23k, reversing the losses of the mid-last week. Notice that bears are still in control from an effort versus result perspective, especially considering buyers have yet to recover losses. February 9 will define the short-term going forward. Losses below $22.5k with rising volumes mirroring last week may trigger a sell-off towards $18k in a bear continuation formation.
What to Expect from #BTC?
Considering the trend of the past few months, buyers may have the lead. Prices are moving inside the bull range from November lows to February highs. Nonetheless, BTC remains in a bearish breakout formation with caps at $23. Bears have the upper hand if buyers break above this line, reversing losses.
Resistance level to watch out for: $23k
Support level to watch out for: $22.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Bitcoin under Pressure, BTC May Drop To As Low as $18kPast Performance of Bitcoin
The bitcoin price is lower at spot rates, down five percent in the last trading week. From the daily chart, BTC remains within a bearish breakout formation, below the bull flag. On February 13, prices edged lower as the bar aligned with the lower BB, signaling broader weakness across the board. Presently, sellers remain in control, a preview that is valid as long as BTC is trading below $22.5k.
#Bitcoin Technical Analysis
Sellers are in control as per the current price action. As aforementioned, traders can search for entries as long as prices are below $22.5k. The immediate support line lies at $21.5k and last week's lows. There will be more opportunities for traders should BTC prices slip below this line. In that eventuality, traders can double down, aligning with the bear bar of February 9 as they target $20k and $18k in the days ahead.
What to Expect from #BTC?
The path of least resistance is southwards. This development is primarily because of the deteriorating macro factors. Any dip below $21.5k may fast-track the sell-off that may see BTC dip to as low as $18k, the 78.6 percent Fibonacci retracement line of the November to February trade range.
Resistance level to watch out for: $22.5k
Support level to watch out for: $21.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Bitcoin Sideways Movement, BTC Is Bearish Below $22.5kPast Performance of Bitcoin
Bitcoin is down from recent highs and steady when writing. From the daily chart, prices remain in a tight consolidation, marking the general state of affairs over the weekend. As it is, the failure of buyers to reverse losses and push higher indicates that bears are still in control. Most importantly for traders, the February 9 bear breakout bar validates the short-term trend.
#Bitcoin Technical Analysis
BTC is within a bear breakout formation following last week's slip below the bull flag and support line, now resistance, at $22.5k. Though there are higher highs relative to the lower BB, the February 9 bearish engulfing bar sets the pace. From an effort versus result perspective, traders can still find shorting opportunities below the resistance line at $22.5k. However, losses below last week's lows at around $21.5k may see BTC drop toward $20k in a bear-trend continuation formation.
What to Expect from #BTC?
Traders remain confident from a top-down preview. In the near term, how prices react at $22.5k on the upper end and $21.5k would shape BTC going forward. Technically, Bitcoin sellers are in a commanding position, and prices may drop to new February lows in sessions ahead.
Resistance level to watch out for: $22.5k
Support level to watch out for: $21.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Bitcoin Breaks Out Below the Bull Flag, Back to $21.5k?Past Performance of Bitcoin
Bitcoin prices fell on February 9, candlestick arrangement reveals. The coin is down three percent in the last trading day and eight percent in the previous week. The trend is shifting, favoring sellers after a strong performance from mid-December 2022.
#Bitcoin Technical Analysis
Bitcoin prices fell yesterday, dropping below the middle BB and the support line of the bull flag. Since the breakout is with rising trading volumes, traders might find entries to short the emerging trend. Every high towards the former support line at $22.5k presents trading opportunities for traders to short. The first bear target, emerging from this formation, will be previous resistance, now support at $21.5k. Further losses may see BTC slip to the 50 percent Fibonacci retracement level of the December to February peaks trade range at $20k.
What to Expect from #BTC?
The cool-off was expected after the past few weeks' surge. The path of least resistance, following the breakout, is southwards. Unless otherwise there is a strong surge, reversing yesterday's losses, traders can set their targets at $1.5k in the near term.
Resistance level to watch out for: $22.5k
Support level to watch out for: $21.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈
Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''.
We notice in the picture a difference between the price on the chart and the '' RSI '' indicator,
So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉
Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️
⚠ You must wait for a signal or entry sign in order to buy bitcoins.
BTC major move to the downside imminent In this video I've analysed BTC and its price action then I analysed liquidation cluster of bitocin and where the liquidity is after that I analysed SPX since its connedted to btc and at the end short DXY review
IMO btc will go up around 23600 or 23200 before going downwards and a slow bleed has been started , there is a head and shoulder play that Ive discussed in the video
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Also is video better or picture ?
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#Bitcoin Consolidates inside a $1.5k Range, Bulls Retain ControlPast Performance of Bitcoin
Bitcoin prices are volatile at spot rates, reading from the performance in the daily chart. Prices edged lower yesterday, only for bullish pressure to develop during the New York session. Overall, buyers stand a chance, provided prices are inside the bull flag. In the days ahead, traders can watch how prices react either above$24k or below $22.5k support.
#Bitcoin Technical Analysis
As mentioned earlier, BTC prices have support at around $22.5k. This is a critical level, also flashing with the base of the flag. As prices consolidate between $24k and the support, swing traders might take their profits on every attempt higher. Meanwhile, conservative traders might wait for entries on breakout in either direction. Any surge above $24k may trigger demand, lifting the coin towards $25k or better. Conversely, losses may see BTC slip to $21.5k in a retest. Ideally, any breakout must be with rising trading volumes above the recent averages.
What to Expect from #BTC?
Bulls are in control despite the recent lower lows from the upper BB. This indicates that upside momentum is waning. Nonetheless, buyers remain in control unless there is a definitive close in either direction.
Resistance level to watch out for: $24k
Support level to watch out for: $22.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.