Bitcoinusd
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction.
note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions.
the first spot for great support is 19K to 20K. use less short positions as you get closer to this area.
please feel free to leave comments and questions below.
several hard weeks for BITCOINthis is a speculation of what we might see in future behavior of market.
there are two not-that-powerful anchors for btc to pullback, with sharp and shadowy movements in a way that many people again forget about the bearish momentum.
so be careful about your positions.
for the next drop or jump, we should follow and trace this neutral movement ahead.
leave comments please
BITCOIN - Perfect Key Levels 🟢As we talked in the previous analysis, the btcusd price touched the daily Resistance Level and he is going in bearish move !
Currently, we have 3 Strong Support Levels Ahead !
let's see when the price will Reject !📈
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Bitcoin price buy zone and an "events" calendar until April 2023For the past two weeks, we have been warning about a possible fall in the crypto market in our ideas. Congratulations to those of you who were not lazy and have been reading our ideas!
In particular, at the beginning of the week, we wrote about the potential for a drop in BTC price and altcoins prices. By the way, USDT.D still has at least 7-8% growth potential
We will not repeat ourselves, but we will fulfill what we promised at the beginning of the week.
So, here is the calendar of events in the financial world, which will greatly increase volatility in the crypto market on important days:
today, 10/03/23 - unemployment figures in the US
14/03/23 - announcement of the US CPI (inflation). If the figure is higher than expected, the markets will be pushed even lower.
17/03/23 - quarterly expiration of derivatives - after that, there may be the first fresh resources to buy back the markets, in particular the SP500 and, accordingly, the crypto markets after it.
22/03/23 - announcement of the new FED rate. The size of the rate hike will directly depend on the announced unemployment and inflation figures. If a month ago, 90% of respondents were confident in a +0.25% rate hike, as of now, the votes are divided: 56% for +0.5% and only 44% for +0.25%.
The rate is approaching the levels of 2007, before the global crisis - we are not scaring you, just stating the fact.
30/03/23 - US GDP data will be announced
31/03/23 - expiration of a large batch of BTC and ETH options
As you can see, the next 20 days promise to be very busy, and accordingly, the volatility in the market will be greatly increased. + FUD is being thrown into the crypto market.
Our tips for the coming weeks:
completely eliminate leveraged trading, because increased volatility = a high probability of deposit liquidation
place orders to buy BTC or altcoins you like below current prices and put them by the grid to get a tasty average price.
For example, the range for buying BTCUSDT is a wide liquidity zone of $18000-19800
and of course: like the idea, write a comment and subscribe to P_S_trade to be informed about new cryptocurrency ideas in time
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/10/2023)!!!Bitcoin is running near important downtrend line (Weekly TF) and 200 day Simple Moving Average {200_SMA200(Daily).
Also, Bitcoin was able to make and Expanding Ending Diagonal.
I expect Bitcoin will go up at least to 🔴resistance zone($20500-$20390)🔴.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC IS LIKELY TO GO DOWN A LITTLE WITH FIB38.2 FOCUS My thought for BTC is evident on my chart. I am working the double top pattern on the chart
I am looking at BTC losing some more dollars to fall to FIB38.2 zone which happened to be the $21,400 area...
share your thoughts and opinion on what you are expecting BTC to do
kindly, follow, like, comment and share
Can Descending🥟Scallop🥟Deliver Bitcoin to Support zone❗️❓Bitcoin has been moving in a descending channel for several days.
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the 🟢support zone($21600-$20940)🟢 and the lower line of the descending channel after breaking the neckline.
❗️Note❗️: We must wait to break the neckline to verify the descending scallop pattern.
🔔Descending Scallop🔔: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Bitcoin short-term update 🐻🐂👀Bitcoin short-term update
(a) BTC just reached my bearish target of ~$21,913👀
(b) next bearish target at $21,595 🐻
(c) next bullish target still FIB golden pocket at $22,750🐂
How was your day dear Crypto Nation?😎
Comments💭Likes & Follow🔗appreciated🤗
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Can Bitcoin Break the Support Line❗️❓🧐Bitcoin seems moving in a descending channel and is currently near the support line.
I expect the support line to be broken and Bitcoin to reach the 🟢support zone($21600-$20940)🟢, the lower line of descending channel, and start to grow from the TRZ (at least to the support line is broken).
You may ask why I say that Bitcoin can break the support line❗️❓
🔆Because of the sell signal created by EMA50 and SMA50.
If the daily candle closes below the SMA50, the probability of the support line being broken by the next day's candle is very high.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Is the bottom actually in? #BITCOIN 🧐I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts
- There's Bearish FVG that will need to be filled eventually which is above 25k.
- Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled .....
- #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k.
- If we reject again off of the strong high, we could see price action test that low at 15k.
200 MA is key which aligns with the 25k area ‼ If we convingly lose it the bottom is in.
- With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again.
This area 25 is gonna tell us everything.
There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time.
Ended up being a fakeout & the bottom wasn't in.
So Food for thought, this could very well be one of those times, again.
Pray that 7k-8k holds the line.This is my thesis.
The current "crypto industry" resembles more the mechanics of a Ponzi scheme than anything else, even some of the most leading figures of the "industry" have spoken out about this publicly (Google "Sam Bankman-Fried reveals how DeFi works like Ponzi scheme").
Most participants in this whole thing are only interested in "number go up" this ethos has led the whole industry to be blinded from the original ethos of Bitcoin (See genesis Block). Whoever Nakamoto was, he obviously created Bitcoin because he knew that the current monetary system is flawed, furthermore he knew that it is corrupted by a small set of entities that control the money supply according to their whims, and it would be impossible to be fixed as it is, so a new one, permissionless was needed to be created.
Look how ironic, and comically it all has become, if you now open any crypto news media you'll see news about bailouts and crypto companies imploding by doing the same practices that bankers were doing back in '08, the same things that Bitcoin was standing against since its inception. The modern version of "Chancellor on brink of second bailout" is "FTX on the brink of a second bailout"
Participants of this whole sham called altcoins have corrupted and created a cloud of confusion of what this whole industry should have been about, and i get it, most people get into crypto because they're looking to make a quick buck, even the long term holders or should i say HODLers, are seeking the same thing (sell high) they seem to have forgotten or misunderstood the original mission that Bitcoin was setting out to achieve which is "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" irrespective of its price, the whole point was to use a mechanism to avoid being at the mercy of anybody at anytime.
When was the last time you transferred any amount of Bitcoin to another one without using any central entities in the middle?
We are due for a long and tiring market of sideways that will purge and hopefully eliminate all the excess of cryptocurrencies, that were created during the last years of get rich quick intoxication, insert your preferred alt here. Everyone who participated was responsible for and most who are unaware think that the worst is over with a Bitcoin price at 20k, they haven't looked at Bitcoin domination stat and see that it clearly shows everyone is still in a state of denial, even smart folks are wishing for another round of FED goes brrrrr just so that it helps their bags, regardless of what it will do long term to the health of their country. (Weimar 2.0)
Be realistic and honest with yourself, What will Solana cellphone do, that another high-end Android cellphone won't be able to do?
Yet Solana is still pumping against Bitcoin on such a horrid announcement.
This is why Bitcoin may go below 10k once again, the reckoning is coming and soon most participants will understand that their beloved shitcoins are just that, shit.
Red wiggly line on chart is the best case scenario imho, below 6k is worse, and we will experience our first crypto price reset ever.
Good luck and be safe.
BTCUSDT 3HR REVERSAL TIME SOON.Currently forming a falling wedge which is a bullish sign, meanwhile if we check on the last 3 days we could notice that we have been forming a one time-framing low on the Volume Profile so we might need to retest down a little bit more. We believe that 21770 - 21555 Would be a good entry for bitcoin longs, it will be the area where we "Might" break above the falling wedge.
BTC: Short at high levels and long at low levels
Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting at high levels is still the main strategy.
The trading strategy is to short at 23600, with a stop loss at 24200, and a target of 21500 to 21400. Alternatively, if it falls to 21400, go long with a stop loss at 20900 and a target of 23600.
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