BTCUSDTBitcoin is in its own four-hour ascending channel and is on its one-hour support, moving to its own trend to confirm the candle and touching its first target, which is 31300.
Bitusdt
BIT BitDAO Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for BIT BitDAO is $0.32.
Looking forward to read your opinion about it.
BitDAO (BIT)BitDAO, like many crypto projects, went into a downward path from the beginning, a long one. After BIT broke the major downtrend line, an impulse upward wave started. Then the corrective wave followed in the shape of a minor descending channel. Now it seems BIT broke this descending channel and is going up. Let's see how up BIT can go.
Bitdao creating a Huge Head and Shoulders!3Day time frame
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Bitdao takes almost 1year to create a potential inversed head and shoulders.
Trade with the downtrend getting breakout, and targets as marked.
Final target is 1.0350
Bitcoin Weekly BIG momoent comingBULLISH
Bitcoin Weekly candle closed above the 200EMA for the 1st time in a Long time
Mayer Multiple Still above MA
RSI up high
Sentiment Strong
PA currently getting rejected off the 1.618 - look back along this fib line, STRONG support once crossed, bounced to ATH each time previously
THIS is the hurdle Bitcoin needs to cross now. Once over, apart from what is mentioned above, this is the line that Bitcoin PA would likely hve remained on if the space had not suffered to much at the hands of unproffesional traders and Managers of projects
This line is HUGELY important fr PA t Cross, come bck to retest and then progress on.
The divergence between this currency and Bitcoin The divergence between this currency and Bitcoin has small signs and I can see a drop in the next few days until the next resistance level of Bitcoin. BYBIT:BITUSDT.P BYBIT:BTCUSDT.P
BIT - Buying StrategyBYBIT:BITUSDT.P
4H time frame
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According to Elliot impulse wave, BIT is on the path of 5th wave.
Take entry from 0.47~0.48
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TP: 0.61
SL can be triggered if uptrend is broken.
Bitcoin's current trend could befulIf Bitcoin cannot cross the resistance of $19,000, the situation will be very difficult, and it seems that now is a good opportunity to sell whales, be very careful with long transactions so that the position of the market is determined.
BITUSDT Analysis (Local Setup)Hello friends.
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Everything on the chart.
i expect fall from current price or through ~0.46 coz we have strong divergence almost on all TF from 1H to 12H.
Entry: market and higher
Target: 0.37 - 0.35 - 0.33
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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Open to any questions and suggestions.
✴️ BitDAO Moves Ahead | Why This Is Good News!BitDAO (BITUSDT) has the same chart as other altcoins and is also following the same patterns...
A low hit late December, a strong crash in early November, relief rally in August, etc.
Now, BitDAO is moving ahead.
It is already trading above EMA50 and even EMA100...
Since the altcoins move together...
Since BitDAO is going through the same pattern as other altcoins...
We can take this one as a signal as to what is coming to the rest of the markets.
Expect our altcoins that we are tracking to break first above EMA50 with minor retrace and then continue straight up above EMA100 and more... Just as you see here.
Of course, you can expect some retrace for BITUSDT followed by additional growth.
Namaste.
BITUSDT 📉Considering the bearish bias of the whole crypto market, I am still bearish on BIT, especially while it has shown bearish divergences and it seems that there was a buying pressure during the last few days due to the launchpad of a new token. Therefore, I expect a drawdown when the launchpad ends. My final target is 0.470📉.
BTCUSDT$10,000-$12,000 price floor for Bitcoin
In case of passing through the range channel, the next channels and resistances have been determined.
Loss limit $18,900
Bit USDt strong down trend 📉Bit USDT Strong down trend start please don't sell with loss
Bit strong spot 0.39/and
0.30
Last spot 0.05 please don't sell with loss
Short Bitcoin Short Bitcoin
Next Possible Target
T1: 14000
T2:10000
T3:5000-6000
This is only Educational Purpose only.
BIT/USDT STRONG LONG ~0.569ByBit RU-positive CryptoExchange ZZZZZZZZZZ Bit to the moon VVVVVVVVVV Best choice
How is it going with BTC !We have a relatively strong support at this area. If the price lose that support, it will decrease between 30000 to 32000 USDT. Be rich...
BIT - Great buying timing here!BYBIT:BITUSDT
4H trend chart
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BIT is breaking out the long-term downtrend line, also overcoming the neckline of double bottom.
So we can buy it here with trading strategy as below.
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Profit Targets:
a) 1.262~1.280-----Fib(1.272~1.382)
b) 1307-----Fib(1.618)
c) 1.350-----Fib(2)
Stop losses:
a) 1.153-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
$BIT #BITUSD Another incoming leg down.Bit seems like wants to repeat the pattern which it did last 3 times , with breaking the raising support line.
On Average after we break this key area , we got a 25-30% move to the downside.
From moving average perspective BIT was rejected by EMA 55 once again.
On the daily RSI we can see that Hidden Bearish Diverge is forming once again.
On the daily MACD we can see a crossover to the downside will occur as soon as today.
I can offer very little hopium as it will be if we reclaim the 1.40$ thus making a new higher high.
Interested to see your toughs and opinions in the comment section, thanks.
Price always repeat itself!Price always repeats itself and this is no zone to short but a accumulate.
The same pattern has been forming in January and June 2021 and guess what is is going to happen!!
War is used for the next massive wave of inflation and it has already started with bank bailout and massive money flowing to military companies like lockheed Martin and Northrop Grumman.
i believe that btc next leg up should take us above 80K!
bitusdt......W= Analysis on a weekly frame, which is based on harmonic models
= The shape of the cypher model currently has descending to complete the cypher model and then back up to achieve the goal of the cypher model
Bitcoin Shoulder-Head-ShoulderHello trader!
In this analysis I will show that Bitcoin is in the process of completing a shoulder-head-shoulder formation. We see the first shoulder on August 06, the head on November 09, and now we are at the last shoulder . The last shoulder will hit the previous resistance level at 52075.01 and complete a shoulder-head-shoulder formation at target 52075.01 .
