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
Bitcointrading
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.
AAVE ANALYSISAAVE is current tradinmg at the resistance box area and close above it might give us long position while chances of pullback are also high here until aave closes above the resistance.
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.
BTC Bitcoin Price Target If you haven`t shorted the Bearish Flag and the regional Double Top formation:
Then you should know that me might see a small bounce here, a bull trap at the beginning of the week, followed by a downward continuation to $15600.
Looking forward to read your opinion about it.
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
BTC If I was manipulating the market, I would sweep the current lows and then liquidate shorts with pump to FVG (Fair Value Gap), then after the liquidation DUMP. I'm pretty sure we see much lower prices than 19k where BTC is at now.
BTCUSD intraday trading & back to the home ⬇︎ 20 SEP 2022BTCUSD intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the home ⬇︎
More info in my profile..
Good luck traders..
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.
btcusdt price needs to come out of the consolidation zone, i.e. above 23000. rsi seems giving prior breakout from the consolidation range . it should come up in next sessions.
however, 18k will work as strong support , if btc goes beyond this level , consider selling
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
Minor setback before Bitcoin try's again?Hi traders. Thanks for tuning in for today's video update. Bitcoin took a tumble overnight, but price continues to hold above its base support for now.
Whether or not you value trendlines, it's funny how they sometimes line up. In today's analysis, there's a perfect touch to the longer-term downtrend that continues to form a descending triangle pattern with a strong support base at 18,600. For us, this base is very important at this point. A break lower, and we could see a new continuation/extension lower. If buyers can continue to hold above and form a new HL and test/break this week's high, this could be a new breakout/continuation higher, maintaining the current up leg.
We are looking for option two to pan out, but that's only if the support base can continue to hold.
We love to hear your feedback, so feel free to drop us a comment with your thoughts on Bitcoin at the moment.
Enjoy your Wednesday, and good trading.
💰BITCOIN analysis in 4-hour time🔥🔰You'll see Bitcoin analysis in a four-hour time frame (BTCUSDT _4H)🔍💣
💥The downtrend line in the four-hour time frame is marked in black🖤. The price is climbing from the demand zone❗🧐If it can break the downtrend line🖤 upwards, it can experience an uptrend to the supply zone❗🔺
but if it can't break the downtrend line🖤 upwards, it's likely to have a falling supply zone❗🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
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BTC forming a bottomThere is a chance that BTC is finally forming a bottom here. We have the characteristics of a double bottom in place here. The volume is expanding on the last move up after a selling climax on the first bottom and selling volume shrinking on the second bottom.
This formation is a textbook Eve and Eve formation. It is the most reliable among the double bottom with very low failure rates.
Traders will need to be patient and buy a valid breakout.
So fasten your seatbelt, because either way it will be a rocky road.
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