Bitcusd
I was fool to want you!200 FK 0 0 0 $?look at the Bitcoin/usd chart that i have saved it since Jan-May 2021,
after completion to reach 60,000$ as longed 3rd wave,
I confess I was influenced by some bullshit rumors & well known ideas as 5th wave target
and to put it up to 150,000$ !
while I knew that was very improbable!!
Bitcoin- will it become bearish again?After January's low, Bitcoin has started to rise and even has broken above 45k resistance.
However, this break has proven to be a false one and after a few days of consolidation above that level, the price has rolled back down under.
Looking at the daily posted chart we can see that the rise is corrective in nature, lacks impulse, and is drawing a flag.
Now the price is above 43k local resistance and a break here would expose the very important 40k confluence support.
A break under 40k would be very bad for bulls and could signal further losses under the previous recent low and even under 30k.
Only price back above 46k would change this outlook.
Bitcoin At A Critical Level (BTCUSD)Bitcoin is trading to the top of its 3 month balance area. This level has presented as strong overhead resistance this past couple of months.
A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days.
More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say that because ranges are more common than breakouts, and Bitcoin has been rangebound for all of 2022.
The next few hours should reveal either a breakout with immediate follow through, or a test/reject reversal from this level.
Remember, trade what you see, not what you THINK should happen.
A $BTC Trendline Most Aren't Paying Attention ToThere is a descending trendline in my chart that many aren't paying attention to; instead, they focus on the falling wedge pattern. I'm not saying that wedge doesn't matter, it certainly does, but this trendline will keep BTC down or propel it up after it breaks that most charters aren't considering.
#BTCUSD#BTCUSD
Long ago I drawed a parabolic line (in red) that touchs the higher high of #bitcoinprice. Once the price has reached the red curve the price starts a new direction.
If you agree with my idea, please follow me and like this post.
I really apreciate your support and I would like to hear your idea to discuss together!
EUR/CAD : BEARISH BAT IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #EURCAD
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Strategy: Bearish BAT With potential in daily timeframe - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
BTCUSD about to decide if it goes past 10700 towards 11000Granted current uptrend continues and gets past the extended blue parabolic move line and meeting point of the descending line we about roughly 12hours away from a crucial move that may see us move up towards 11000 again. Chances are still there of being met with resistance and rejection that could see us plunge to the 10500-10000 range again.
As always, Trade Safely, Happy Trading.