BTC bearish wave is over (must read)BTC / USDT
On 3D chart BTC just retest of major downtrend and nicely bounce from my first support mentioned in last analysis (check attachment below)
So is the bearish wave over ?
1- Simply we can say that in high time frames charts bulls still in control with that bullish retest and massive green engulfing candle (not closed yet)
2- In lower time frames , BTC is retesting lower resistance of The broken channel ..if btc will break the resistance and back into range …it will confirm the bullish wave is still intact in LTF but until that happens please trade wisely and dont fomo
Sometimes being simple is best thing you can do
Let me know your thoughts and questions in comment section below ⬇️
Bitcoinidea
BITCOIN DIFFERENT SCENARIOSFxShzd team here again with another analysis:
What we see on BTC, a bit complicated with just relying on technical analysis, as you may know, we are facing economic recession in first world countries,
BTC gets in power long term by any circumstances that cause to economic recession, I am telling maybe you see short term we have drop but in reality it is not like that
Just keep this scenarios for now, any rate that is related to inflation or economic effects BTC, for us is more important longtermly than a short specially in Crypto.
For now lets see if price can get lower, to give oppurtunity to more buyers to jump in, I expect to drop to a certain level just to help market to rise with more power
Becareful on BTC personally I am a holder on crypto
Lets see how price goes,
Any question do not hesitate write me bellow,
@FxShzd
Oldest Trendline brokenTotal Oldest trendline (From 2015) Has just broken and nobody cares about it, Is this an small thing that we should ignor it?
Come on, let's forget the 3 year Strong horizontal resistance. Let's buy bitcoin because Tim Draper for the 100th times, say's that bitcoin will go to 250K, So ignore all the chart resistance and just buy the dip
BTC 1W "Plankton VS Whale"BTC 1W
...we have managed to break down the price wall from 25 to 26k.
but now look at the whole... the pattern of IHNS has been born, and is preparing to fight against major HNS. This is the beginning, all this time we rise for a start.
Note:
above the current price there is a gap of around 28-29, it must be closed.
the current resistance zone is considered weak, where at the first time a big dump occurred, there was no resistance from buyers until there was a reaction again at a price of 17k.
today the price must hold and close 1D at 26.3 to continue to 28k-30k. If below that, price reduction is still possible. Maybe the gap below area 21 should be covered as well.
For this idea, there is a maximum target from IHNS with area X which can expedite the process, the target will be faced with a large resistance rejection zone from the HNS pattern. I thought there was going to be a dead cat bounce? it could happen if the gap in area 21 has not been closed then there will be a big short when the ihns target is reached.
Let see..
Monday 9 May 2022 - Monday 9 May 2023
Bitcoin recovered My last post discussed the final stages of the Bitcoin correction. In that analysis I was expecting the end stage of the correction of Bitcoin, mainly because it had served its days of the 65-daily cycle. Never did i expect the following events though.
The course I expected was failry simple:
- Bitcoin will find support on the horizontal line, and go sideways from there.
- Once out of the channel, we would shoot up again.
What actually happened was:
- Bitcoin broke support
- Crashed down to our last resort support
- Came back up as if the crash never happened
The current state at the end of the day is:
- Bitcoin is following our plan, but more explosive than expected.
- Bitcoin is back in the red resistance zone. Breaking this one would give us a target of 28k.
- I'm bullish!
BTC potential next movementsBTC /USDT
BTC has completed the 5 impulse waves and now in corrections waves
In the chart what i think the most potential reversal levels for BTC
1st Support : is very close (20.3k - 19.8k)
And its support of the falling wedge too
Breakout the falling wedge resistance to confirm the bullish reversal of this one
2nd support : deep correction around (18.5k - 17.5k)
I recommended to wait the reaction at these levels before any new trade/ investing
Any thoughts or questions share with me in comment section below ⬇️
Bitcoin fake move up then crashThere is a pretty good chance to visit the 10k level;
On the chart, you can see the most likely scenario for Bitcoin . Let me know in the comment section: what is your plan? I want to know your opinion, and I will answer your comment!
The price action on Bitcoin is very well readable. The structure is well-made at this point. Make sure you also have a bearish and a bullish scenario on the table.
BTC Bitcoin Stress Test Next Week !!!After the last BTC Bitcoin chart pattern was perfectly validated:
Now that the second largest bank serving digital assets companies, SI Silvergate, announced that it would wind down its operations on March 8 and SBNY Signature Bank continues its ‘orderly crypto unwind’ as crypto currency retreat continues, Bitcoin is a bout to face one of the most difficult weeks!
My short term price target for Bitcoin BTC is $19100 and a Double Bottom by mid 2023.
Looking forward to read your opinion about it.
Will Bitcoin continue to fall?BTC: Judging from the daily chart, the market was super negative yesterday, which seems to mean that its direction is chosen. Even if there is a rebound trend after the plunge, both in terms of the strength of the rebound and the time of the rebound, the bulls are basically defenseless at present, and as the rebound trend gradually consumes the rebound momentum, the height of the rebound will also decrease.
On the 4-hour chart, the market has returned to the structure of the third wave again, and the decline has been strengthened and confirmed. Now that the third wave is not in place, the probability of continuing to fall is relatively high.
And on the fundamentals, the risks still tend to be downside due to the ongoing concerns about the ongoing cryptocurrency crackdown by US regulators.
Therefore, in terms of operating ideas, it is mainly based on rebound shorting, and the height of the rebound can be appropriately reduced, so don't easily try to make a profit from the rebound.
BTC: 20800-20900 short, target 20100-20000
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BTCUSDT - the two most likely scenariosHello! The downward movement I predicted one month ago () has taken place. Then I expect one of two scenarios: Fast scenario (A): long-term positions will be formed over the next weeks - two months in the range of 17,200 - 19,700 and a new upward movement will begin in April-May of this year. Scenario (B) is longer and deeper. Long-term positions will form in the range of 15,000 - 18,300 and a new uptrend will begin in the second half of summer - early autumn of this year. There are other scenarios, the probability of which I consider lower than these two. What are your thoughts?
BTC Bitcoin Bearish Chart PatternsAs you can see in the previews chart, BTC price movement went exactly as predicted:
Now Bitcoin has a double bearish divergence on the RSI and i don`t know why it is trading so high right now.
According to the Fibonacci retracement tool, the price target level for BTC should be in the 0.618 area, respectively $19650, which coincides with a strong support.
Looking forward to read your opinion about it.
Bitcoin -> Bullrun Already Over?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin is now actually breaking below the previous support zone, creating bearish market structure, so at least for the short-term, everything seems quite bearish.
However you can also see that Bitcoin had a quite massive pump recently, the emas also shifted towards the upside, so I just expect a short term correction to the next support zone and then the longer term continuation towards the upside.
On the daily timeframe you can see that the market is basically in free-fall mode, so I am now just waiting for a retest of the next support zone at the $18500 and if we then have some bullish confirmation, I do expect the next impulse towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: