TWO POSSIBLE OUTCOMES FOR BTCDespite all the FUD and Index on Fear and Greed, many are still hopeful that Market Makers are willing to let Bitcoin start Mooning and set the stage for another possible upside fakeout. I have illustrated the two possibilities for this trend moving forward next week. Or Sooner.
The weekend is when big players like to stop loss hunt retail investors….it can be argued that we are in a NO TRADE zone….In my opinion BTC can break up through resistance due to the double bottoms pattern and touching rising support line. Other scenario BTC will reject current resistance and confirm the head and shoulders pattern, leading us to collect the MASSIVE amounts of liquidity in the lower price levels.
Based on the research and knowledge on-chain data suggests best time to buy BTC is anywhere below $38K…..Whales buy there and you bet they are gonna want to buy in cheap one last time….Will we see wyckoff distribution pattern play out as we are in the Shakeout phase? Will the news and war turn positive anytime soon?
Best advice, dollar cost averaging and HODL was the #1 proven strategy backtested by AI trading bots that beat every other strategy. When BTC dips, we have more opportunity.
Godspeed Traders - Remember taking no position is sometimes the most profitable at times.
Btc-analysis
Chart Analysis W/C 07 March 2022W/C = Week Commencing.
This analysis is for personal development with the aim to look back to this chart Sunday 13th March 2022 and see how price action has reacted to these levels.
Please feel free to copy the shared chart www.tradingview.com
The chart analysis started with:
1 - Technical Time Analysis - Look back at past price action
Pertinent times where price has moved:
a. 0200 UTC
b. 1015 UTC
c. 1400 UTC
d. 1830 UTC
This is just as reminders that past large price movements have occurred during these times and have seemed to have repeated again and again.
2 - Sessions High and Lows - Look back a Tokyo and New York Sessions Highs and Lows for past confluence areas
a. Several areas have been marked out, the low that occurred today at 11:15 was within a area of 6 previous Session Hs/Ls.
3 - High Volume Recovery Areas - Look back at what areas of high recovery are left behind and their percentage (strength)
4 - Other Key Levels for note - Pivots / VWAPs / Opens / Highs / Lows
Golden Pocket Confirmed - BTC - Time to go UP?We have entered the Fibonacci support levels and are in. Downtrend. Incredibly, that last divergence before the dip did a perfect mock up of the previous LOW point. Although this time she decided to go down. Best of luck traders!
What do you think will be the next target for Bitcoin?
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BTC - #BTC &BTC (New Update in Daily Timeframe)Dear Friends
This is a new update in the daily timeframe.
If it can break out this descending trend line then we could expect to go up.
If the volume will be low and not enough to bullish movement then must expect back to support to lowest targets at least 39500 zones.
Fortescue Metals: as long as 18.17 is support look for 21.54Alternative scenario: the downside breakout of 18.17 would call for 17.2 and 16.29.
My pivot point stands at 18.17.
My preference: as long as 18.17 is support look for 21.54.
Comment:
The RSI is above its neutrality area at 50.
The MACD is positive and below its signal line.
The stock could retrace in the short term.
Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 18.88 and 16.89).
Trade Safe -
Jimster45
Bitcoin Analysis | Bitcoin Prediction | Latest Updates#bitcoin #crypto #btcusd #bitcoinprediction #bitcoinnews
Hello guys, this video is only for educational purposes only do your own analysis before you take trades.
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BTC/USDTBtc is standing on daily strong support if he breaks this support high probibility that Btc will come to 40k to 39k and after seller stophunt complete and Btc will go up
Because we actually see the very huge Tp of sellers so if Btc will trigger it Btc will goup without any tension so wait please for a reversal on D1 support
Happy trading
Trend Analysis based off prior weekly candles BTC The past three weekly candles have shown an unprecedented amount of stability. Weekly open and closes have all been within roughly 1.2% of each other. Some may say that such indecision suggests a reversal is on the horizon but I would like to take another look. Here is the BTC all time price history and I highlighted a few examples of prior 3-weekly candle patterns that are very similar to now. The main characteristic of all highlighted candles is an extremely, almost doji-like body. What you'll notice is that after every 3-week period of such low volatility there is an extremely violent move on the fourth week.
The explosive moves vary in direction; however, when taking another look you will notice that the volatility always continues in the trend of the overall market.
What I am suggesting is that after this weekly close (if the current candle closes within the range) we will see volatility return to the market. I believe the price will see a dramatic increase over the next week; however I would not rule out a fake out to the downside before continuing higher.
Head and Shoulder Pattern BTC retesting the inverse head and shoulder which had mentioned earlier👆.
Coreection is very healthy for a market to move upward🙌
BTC after restesing it will march forward👆.62300$ giving a good support for now.
The next suppoort we have is 6100$ to 60000$.👆✅
Market should bounce from here