Bitcoinidea
BTC wants to DUMP more!!Crash still to come!!Bitcoin exited the rising broadening wedge or the parallel channel but the wedge is more valid.
With the drop in price that happen yesterday , today it could continues and make a new extreme or just retrace it backup to the origin of the dump and consolidates there which could be a sign of bullish (0.09%)
H&S still in play that I mentionedin previous video,Still room to dump to create the shoulder of the right side (~24.4)
Liquidity obviously more to the downside but there is (~1600M) around 27.6 due to degen high leverage traders
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Bitcoin BTC Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My BTC Bitcoin Price Targets:
BTC /USDT short
Entry Range: $27100 - $27200
Price Target 1: $25000
Price Target 2: $23600
Price Target 3: $21600
Stop Loss: $29500
#Bitcoin - thoughts out loud #06Good evening, we are from Ukraine!
Extension of the agreement. The action plan remains unchanged. A mistake made by UT without confirmation.
Restart. The targets are unchanged.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
BITCOIN - Diamond Pattern 💎Hello Traders !
The Bitcoin Price Broke The Daily Resistance Level !
The Broken Resistance Becomes New Support Level ✔
Currently, The BTC Price is in Diamond Pattern 💎
Now! we have 2 scenarios:
1- if the lower support will be broken, we will see a bearish move to 25300🎯
2- if the upper resistance will be broken, then we will see a huge bullish move to 29800🎯
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Simplicity is the key (winning trades)A very good winning trade with precise entry, using the order flow and simple logic.
BTC Bitcoin Fibonacci Retracement Price TargetAfter this chart pattern was completed:
Now I am considering a BTC Bitcoin retracement to the Fibonacci 0.618 level of $22685.
Looking forward to read your opinion about it.
BTC is going to make a big move!BYBIT:BTCUSDT.P
1h time frame
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Bitcoin is generating a symmetrical triangle.
After directing uptoward or downtward, it will make a huge volatilty.
I tend to see a dump to hit 25k.
It will be a good opportunity to long.
#BTC Inside Rising ChannelBitcoin In Hourly timeframe is moving inside the rising channel (Bearish Pattern)
If we look in the past a lot of volume where between $29K - $31K that can react like strong resistance at this point!
Im expecting price to break channel down after touching Resistance and retest the support zone
BTCUSDT:25/03/2023:🔴Important levels and possible scenarios🔴
As you can see, I see this chart as bearish.
In that case, the price can start correction from here or try 30K till important supply zone, and then the price drop to the demand zone or even more.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️25/03/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Bitcoin Retraced Backup - Signaling The Next Move - Up Or Down ?Bitcoin/1H Doing a pennant
The pennant after a upside move indicates a bullish pattern that could go to 30K but dont forget the ascending triangle it formed before crashed down. so this could be a jebait too. Ive talked about this in details in video
Liquidation wise we have some around 27.3 (1000M) and some high leverage around 28800.
Some indicators are bearish which I mentioned in Video
Thank for watching and for you support
BTC Fib range BTC currently trading within this fib range, highlighted in the box . Break above the 61.8 can send it to 35-36k +
btcusdt 4h uptade btc almost three time failed to break its resistance area at 28500$.
MACD & RSI indicators almost look bearish on 4h tf.
there is a two possible next move...
1st = downtrend correction expected from current price.
2nd = downtrend correction expected from its resistance area... 28500$-29000$.
local support area 26500$
strong support area 25000$.
follow me for more updates.
BITCOIN:Crypto Market Dips After Fed's Interest Rate HikeBitcoin and other cryptocurrencies experienced a decline on Thursday after a selloff on Wednesday, following the Federal Reserve's latest interest-rate hike. Despite the setback, cryptocurrency traders predict that the digital asset rally will continue, albeit with a temporary pause.
Over the past 24 hours, the price of Bitcoin has fallen by 1.5%, reaching $27,700, dropping from the high point of $28,500 on Wednesday. However, the digital asset rebounded from the trough below $27,000 immediately after the Fed raised interest rates by a quarter of a percentage point. Wednesday's peak marked the highest level for Bitcoin since the crypto bear market accelerated last June. Prices for the largest digital asset are still up by more than two-thirds in 2023 in a rally that has spurred calls for a new bull market.
Sam Yilmaz, co-founder of venture fund Bloccelerate, said, "Bitcoin's rally ahead of the Fed set us up for disappointment, and sure enough, we saw Bitcoin retreat from just shy of $29,000 after Powell's press conference. A cooling off period is overdue and allows Bitcoin and crypto to settle. I still believe Bitcoin could go to $35,000 in a matter of weeks because, put simply, price action breeds price action in crypto."
Cryptocurrencies fell in line with the stock market after the Fed hiked rates. This return to Bitcoin's correlation with equities comes after weeks of outperformance. While the rate hike of 25 basis points was expected, digital assets dropped in step with the Dow Jones Industrial Average and S&P 500 as investors worried about how tightening financial conditions would continue to pressure the banking system.
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market.
The weekly candle turned green for the first time in 60 weeks.
The last time this happened was in may 2019, kicking off the bull market of 2019-2021.
Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks.
Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
