Bitcoin BtcCrypto market update
Pakistan Time: 5:47 AM
Bitcoin support levels - 20,000 USD and 19,500 USD strong Support (it means buyers)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC support is at 20,000 and resistance is at 20,500.
Looking at the four-hour timeframe, BTC has made two green candles with the current candle also being green. BTC is potentially heading towards the 20500 resistance level, do note BTC has got rejected from this level multiple times so be careful. Watch volume, if BTC manages to break this level with high buying volume the next major resistance will be at 21500. Trade carefully and manage risk between support and resistance levels.
BTC closed its daily candle red, opening at 20337, making low at 1973, high at 20365, and closing at 20158.
Bitcointrading
bitcoin btc Crypto market update
Bitcoin support levels - 18,800 and 17,500 to 17,000 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 19,600 and 20,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
Bitcoin remained in a range and stayed above the $19,000 support zone. Bitcoin weekly candle closed in Green
If the next weekly candle closed above the 19,500 then it's a Bullish sign for Bitcoin.
Avoid high leverages Btc need to close above 19,500 for good movement in Alts
Bitcoin Intraweek Technical Analysis:Apparently the Bitcoin has found support at 18500. The leading cryptocurrency is hovering around the same levels for more than two weeks now, we are looking at an increase of significant volumes gradually. Long term weekly or fortnightly entries can be made at 18500 for intraweek with target price of 20000.in coming week I am expecting the bitcoin to test the support of 19000 and then make a rally towards 20000. My strategy in coming week is to focus on long positions of bitcoin below 19000 levels.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Bitcoin BTC Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Bitcoin BTC is one of the cryptocurrencies that have a lot of potential for a bull run.
BTC/USDT
Entry Range: $19000 - 19550
Price Target 1: $20600
Price Target 2: $21880
Price Target 3: $24000
Stop Loss: $17900
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading in ascending triangle and has been able to hold the trend line support,keep eyes on the trend line as if it loses trend line support we might again see a pullback
Bitcoin trading idea On 15min tf we a rejection from 20,000 and 20200 around lvl
After that the price is consolidating at the down side of rejection which indicates price forming a structure to break
Projecting from rejection to structure the down projection can be expected around 19000 lvls
Go short below 19600 stop loss 19900 target 19000
BTC ANALYSIS#BTC UPDATE.
#BTC is still trading with same resistance and same major support on macro level,while on the micro level the red line emerging as the strong support on 4H and btc has been able to trade above this support since 24hours now.
👉🏻For me a close below the red line support on 4H will again be a bearish sign.
BTC Monthly Chart: The Bottom PriceToday you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price has been forming a bear flag pattern with the break down around $18.3K - $18.5K. If the price breaks below that range, expect the bear flag target of $3.5K - $3.6K. This will not be a quick move as this is a monthly chart.
I am more concerned than before about this target move as the RSI, Stochastic RSI and MACD all provide a bearish outlook as shown in the chart. Also the measured move target falls in line with a descending wedge pattern which BTC has been inside since the all time high. Lastly, the $3.5K-$3.6K range is about 95% from the all time high which is common during a bear cycle of BTC.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Bitcoin ANALYSIS#bitcoinupdate
Bitcoin is struggling at the resistance around 19.5 k level and any long entry from here could be risky until btc closes above current resistance box area ,do not enter into longs without confirmation as the market is pretty shaky and pullback can happen.
BITCOIN -- FINDING BOTTOMBitcoin is a premier coin in cryptocurrency which is considered a benchmark index for most. Since Nov'21 BTC has been in a bearish trend and is unable to provide any relief bounce for the investors.
Let's analyze BTC and try to find its bottom.
Will it hold the 17000 level? Or We may find it near 13K or 10K
1. Let's check the seasonality of Bitcoin where we will see the TOP to BOTTOM
BTC made the top at 16976 on Dec'17 and defined bottom at 3394 in Dec'18
This takes 357 days and 79% Drop
BTC made the top at 11143 in Jun'19 and defined bottom at 8000 in Mar'20
This takes 259 days and 74% Drop
BTC made the top at 61300 in Apr'21 and defined bottom at 33333 in Jun'21
This takes 70 days and 57% Drop
BTC made the top at 69000 in Nov'21 and yet to defined bottom
But as per its seasonality,
a) 75% Drop comes at 17000 which is holding currently.
b) 360 days come at 7th Nov'22
So this means the price need to sustain above 17000 till Nov'22
2. Chart Patterns and BTC
Bitcoins follows flag pattern very often and in the past, we have seen the formation of pattern and completion of the pattern.
Currently, BTC is trading in a bearish Flag pattern which is made around 39K and the target of a pole comes at 3000 which is also monthly support.
So either 17000 or 3000. November is the date to watch.
Let me know what do you think of the idea.
Trade your levels accordingly.
Bitcoin BTC Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
BTC/USDT short
Entry Range: $18800 - 19900
Price Target 1: $18200
Price Target 2: $17800
Price Target 3: $17300
Stop Loss: $22100
BTC Monthly Chart (Update from June 22)Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin ( BTCUSD ).
Bitcoin price on a monthly chart show resistance ahead with support below. I posted this chart in June 2022 when BTC was above $30K. I hope you listened! RSI is below a major Support and Resistance line as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin forecast and idea 🧐Hi traders,
⭐ After the price hits the resistance line and a view of the fall of Ethereum, we will most likely see a fall in Bitcoin price.
Probably a short-term fall and the reach $17,500 price for a little time
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
BTC Bitcoin Bearish Pennant Price Target If you haven`t shorted the Bearish Flag and regional Double Top Chart Pattern:
Then you should know that if we follow the breakdown path of the last Bearish Pennant, of 32%, we have a Price Target of $15600 for BTC Bitcoin.
Looking forward to read your opinion about it.
Bitcoin to $30,000 or $10,000Here we have Bitcoin on the weekly chart. As price makes its way up and down the chart it stops at $30000, $20,000, & $10,000.
Bitcoin is also in what looks like a premature bearish pattern. There are multiple trend lines that point to the same price point giving it some extra strength.
If price breaks pattern soon then we could see $30,000.
If not, then we could see $10,000.
Bitcoin waiting for a big breakoutAfter a few days of consolidation with low volume, Bitcoin is ahead of the next big move. Quite scary bearish target of 12000$, but I still think that we must have some shorts liquidated first and the move to 27000$ will give this to us. After that we can decide - reclaim it as support or new lows. Technically we have a potential hidden bearish divergence on the daily for Bitcoin so be very careful. Wait for a retest of the breakout and don't use more than x5 if you like leverage trading. Fake breakout is also very possible at these market conditions - don't forget that DXY has already made the breakout and is in full bullish mode.
Bitcoin Forecast & Idea Update 🧐⭐⭐ After the announcement of the US Consumer Price Index rate and the strengthening of the US dollar, the decline in the price of Bitcoin is expected to continue until the end of the week.
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🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
------------------------------
🌸 Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention