btc to 45?But just a brief guess from the trend of something like this yellow move that, as we see, when #BitcoinTime suffers down or Polbeck hits broken supports, the bitcoins are pumped and then dropped by bitcoin modification and rebuilt and cover that drop. .
But I still haven't lost 46k and my only analysis is that it is more likely to break, but the low green range (40 to 42) is a strong support that I do not expect to break easily.
Bitcoinusdt
BTC - End Of The Bullrun? Hi, this is my new update for BTC. Since BTC has a big role on how the altcoins play, we are focusing on BTC chart now. We got a bad news from Elon Musk 2 days ago and that led to a 20% drop on BTC all the way to the support level $47500 and unfortunately we made a lower low. If we compare the top of the 2021 with 2017, we are going to find something very interesting and that is we got the same retracement level 70.2% like 2017 and we got a big pullback and that was the end of the bullrun in 2017. So I expect the bullrun in Bitcoin is done if we break the support level $47500 (the last chance). The other bad news is that in the 2017 bullrun, we never broke the SMA100 and when we did it, it was the end of the bullrun in BTC. 3 days ago we broke SMA100.
If you want to trade, the support level $39000-40500 is good idea.
ONE OF THE MOST USED BEARISH PATTERNS: DESCENDING SCALLOPOne of The Most Used Bearish Patterns: Descending Scallop
· The descending scallop is a bearish reversal pattern.
· Descending scallops are common topping chart patterns.
· This is a downward trending char pattern.
· You can support me with your likes.
· Also you can share your opinion with me in comments.
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BTC SMALL TRIANGLE BREAKEDI shared an analysis that I thought would break the shrinking triangle graph that I shared before,
BTC / USDT has made a big break than I expected, and this shows us the analysis of sudden big rises in the long term.
Let's not forget that the trend direction is still bullish.
According to this analysis, it seems that a major correction can be made in the 70,000-75,000 Range.
* BTC EFT confirmation can trigger these massive spikes.
Not Investment Advice.
💡Don't miss the great buy opportunity in BTCUSDjust now
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (55962.75).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 59314.30
TP2= @ 62033.55
TP3= @ 64871.92
TP4= @ 70000.00
TP5= @ 75000.00
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSDjust now
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (55962.75).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 59314.30
TP2= @ 62033.55
TP3= @ 64871.92
TP4= @ 70000.00
TP5= @ 75000.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bitcoin BTC Bart Simpson Wyckoff to 20kIm starting to see Bart Simpson all over the place.. let me know what you think is the comment section... Maybe you know about Wyckoff Phases.. one of my member bring this back today, Bart Simpson is Richard Demille Wyckoff :-)
Do you think this scenario is possible?
As a trader, we should be familiar with some of the leading theories concerning market structure and cycles. Some of the more popular ones include the Elliott Wave Principle and the Dow Theory.
If this plays out 20k ? Last 2017 Bullrun !!Top
BTCUSDTBe so careful about your positions. We are going to see another fairly sharp fall in Bitcoin. The price it is likely to fall down to is shown between the two horizontal lines.
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BTC Looking For A Recovery??!We've have been seeing a healthy correction over the past 2 weeks and i think we could see BTC start to recover a little bit soon. We have been riding the bottom bollinger band for the last 5 days or so and we could see a break of that after our daily close tonight! Looking for a break and hold of the 0.3 FIB level or aprx. 50.8K$. The Zero Lag MACD is showing a possible reverse with us getting a buy signal aswell as a strong reversal of the red MA. Our blue and orange look like they are about to swap and turn bullish! It is possible we get rejected at the 0.3 FIB and we very well could see a stronger pullbck i would say at the most bringing us to low 40s to 45k. We are still seeing money flowing out looking at the Chaiken Money Flow, we are starting to come back up hoping to see a nice curved bottom and some money flowing into BTC and the market. Not financial advice just my opinion! rarible.com check out my first NFT! leave some feedback and there is more in the makes right now!
The correction wave of the Bitcoin cycleAccording to the references, the third wave of the cycle, if it is elongated, then one should expect the correction of the cycle to be in the range of the fourth wave of the microwave. I predict this range will be up to the area and from 25,000 to 30,000 dollars.