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Bitcoinanalysis

#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
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) Please Follow,Comment,Boost (if you agree) it REALLY motivates me to do more. 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
BINANCE:BTCUSD.PShort
by pcmonk
#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.
Long
by Bitcoin_Analyzer
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 Please Comment,Boost,Follow if you find this interesting
BINANCE:BTCUSD.P
by pcmonk
Bitcoin Bull Market Back Or Fake Pump?BTC/3H Back to the rising broadening wedge Please Boost,Follow,Comment it MOTIVATES me to do more for real!! 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!
TVC:DXYShort
by pcmonk