Bitcoin Support Turned ResistanceA key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance, which is the case for Bitcoin right now.
59100 is the new resistance and we also have a strong support now at 54300.
I think the price will bounce in this area for the next days, until we see a decisive move.
Looking forward to read your opinion about it.
Bitcoinusdt
bitcoin bearish or bullish ? 1H TIMEFRAME :
BINANCE:BTCUSDT
As you can see in the chart, we have a descending wedge.
Basically, the descending wedge breaks from the ceiling. If we succeed from the ceiling, we can expect the market to be a bit balanced. It is too early to take a bullish view.
we Can Pullback to Breakout Event . But we must also consider the sales pressure that may cause us to continue to decline
The Bullish Divergence Should Support Bitcoin.Bitcoin has formed a clear bullish divergence on the daily chart, which suggests a correction to the upside.
The 4h forecast seems to be forming a descending triangle with bias to break to the downside, however recently many bearish formations broke to the upside so I would rather stick with the divergence.
Break of pivotal level of $57820 will invalid this forecast.
Bitcoin – correction is almost over!Hello, everyone!
Last time I did the article about Bitcoin analysis, I told that the bearish movement was anticipated, when the price was $65000. If you executed short trade you are in profit now. Today I want to warn you that the bearish move is almost finished. now it’s time to find the entry point for long positions.
Please, read carefully the articles in the links under this article to make the chronology of the BTC analysis clear!
Approximately one month ago I did the analysis, where said that the impulse Wave 3 was finished an the Wave 4 is anticipated. I calculated the target price and even time when the Wave 4 ends before the new impulse wave to the upside. Now the price is approaching this area!
In another article I supposed that Wave 4 is going to be A-B-C-D-E triangle correction, but made a mistake. The Wave 4 is forming as incorrect A-B-C correction. Wave C is almost finished, the end of this wave is the best place for long trades. In 1-2 weeks we will see the last Wave 5 of this Elliott cycle. Be patient!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Bitcoin- Yesterday's price action provides a lot of cluesIn my previous 3 or 4 analyzes I said that in order to maintain its bullish trajectory, Bitcoin not only needs to stay above 63-63.5k zone but also needs to decisively break above 66k. Both of these have failed yesterday.
BtcUsd has started the week in a bullish tone, and after reversing from 63k, tried to reconquer 66k, and, as we all saw, failed and dropped to 63k support. This support is also broken now and the outlook for Btc is bearish at this moment.
From a technical point of view, 66k is now strong resistance and 69 ATH is a major top in my opinion.
I expect a drop of at least 15-20% for this crypto and a visit to 52k support in the medium term.
I will look to sell rallies against 66k
BTC Likely to Find Support at $62kAs mentioned in previous chart, Bitcoin is likely to find support around $62k, but a lower test could be potentially possible in the short term as Bitcoin has fallen out of the trading corridor, just to return to it. I personally believe this is a buy opportunity.
Trade at your own risk.
BTCUSDT , Will come in buy zone because ...Hello everybody
We come back with another analysis of Bitcoin , and last analysis about Bitcoin exactly done and reach to our 1st TP
And in here at this time after fall down the price , the traders will have nothing to do because there is no sign for where we wanna go , and some traders that take long position before or after falling they put their stop loss at the bottom of the long shadow we shown on chart , and with high chance the price can come to our buy zone area because of to liquid the long position and to stop huntering the orders
You can take long position in future after the candle with long shadow make and the orders liquid and stop hunter is activate and after that take long position and put stop loss because there is market and verything can happen it .
Its not suggestion to buy or sell it is just analysis from different view and ... you should analysis and take position with your own strategy
This is the analysis from technical view and psychological analysis view
Previous analysis :
DONT FORGET USE STOP LOSS AND ATTENTION TO MONEY MANAGEMENT
Good Luck
Abtin
Bitcoin; a very bullish perspectiveZooming out is sometimes the best way to take away fear and doubt. Even a 52k Bitcoin in the first week of December wouldn't invalidate an uptrend. At the moment the 60 - 62k is acting as a strong support area. BTC is still above the middle band of the boillinger bands, and the RSI above 50 indicates Bitcoin is still in a strong uptrend. Let the short term noise doesnt fear you, long term still verry bullish!
BTC Sell a break setup.Bitcoin - Intraday - We look to Sell a break of 63987 (stop at 64818)
Short term bullish momentum has stalled.
A break of bespoke support at 64000, and the move lower is already underway.
There is no clear indication that the downward move is coming to an end.
50 4hour EMA is at 64400.
Our profit targets will be 61505 and 60505
Resistance: 65000 / 66000 / 67000
Support: 64000 / 63000 / 62000
Bitcoin just flash the strongest bearish signal!Hello, everyone!
We should pay attention to the bearish signal which was generated on the yesterday daily candle close. As you know the daily signals are very strong. This signal is true bearish divergence with MACD. We can see that the price reached the first top 20-th October 2021 and the second top was formed 2 days ago. The MACD histogram has the higher value for the first and lower value for the second top. The histogram entered in the negative territory between these two points. This is TRUE BEARISH DIVERGENCE!
We usually see the correction or crash after this. I don’t think that the major crash is the case, but the correction is anticipated. The signal became even stronger because of divergence between the price and MACD lines also. Be very careful with marginal long positions.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Bitcoin Retesting Support Corridor The last time Bitcoin tested this support line was around October 22nd. Now we'll see if it will find support above and truly BOOM to new ATH trajectories, or fall back down to spend more time gaining strength for the longer road ahead to $120k. What do you think is Bitcoin's trajectory this month?
BTCUSDT , We need pullback because of ...Hello everybody
We backed with another analysis of Bitcoin
In some different view of technical we should have pullback to have a strenght to go up and continue the trend :
1st : From the elliotwave view we were made 12345 wave to made breakwave and at this time we should have abc for correction
2nd : In price action view , we made this breakwave with powerful candles without any correction and in this time the wave like this have correction suddenly without any alert
3rd : In different view of price action , thre trendline was broken and it reinforce that we should have pullback
Previous analysis :
Be conscious guys and dont trade with your emotional without any strategy
Do it correct and go to GOD
Good Luck
Abtin
BTC Buy the previous support.Bitcoin - Intraday - We look to Buy at 64202 (stop at 63346)
Daily signals are bullish.
Prices have reacted from 60100.
Short term bias is bullish.
Previous resistance at 64000 now becomes support.
We look for a temporary move lower.
We look to buy dips.
Our profit targets will be 66628 and 67528
Resistance: 66500 / 67000 / 68000
Support: 65000 / 64000 / 63000