Nice bounce on support, now BTC is about to have another go at the key resistance. If successful, we may get some nice fireworks. But let's not get ahead of ourselves, a clean break is needed and price should strive to go above the 200 week Moving Average (in blue). We have 5 days left to do so. If not, closing another week under this key MA would be quite bad....
---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- BTC/USDT: Waiting for Bullish reversal confirmation Context - The Global Crypto market leads by BTC and ETH were evolving within a bearish market configuration. There is now some signs of exhaustion after having bouncing off yearly key support at 18800 BTC in...
---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- BTC/USDT: Last drop to 22900 before recovery expected Context The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. There is some signs of exhaustion approaching the key support area at 22900 leaning towards a last...
The current move looks very similar to the May22-June22 move that BTCUSD have made. At the end of which, it took a step down to below 19k. I think BTCUSD needs to move above 23k and stay above this line and consolidate before a move back higher. Until then 18-22k range bound, it seems. Good luck.
SHORT BTC USDT target 1: 21160 target 2: 19740 target 3: 19150 BINANCE:BTCUSDTPERP BINANCE:BTCUSDTPERP
#BTC ▪️Bitcoin may form an ascending wedge with working down. I advise you to recruit a position from $21,500 and above. 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.
#ETH ▪️Ethereum has formed a falling wedge. In the near future I expect to see it at a price of $ 1050-1100. 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.
#BTC ▪️A descending channel has formed, you can try to trade from the channel lines. In the near future I expect a stop at $ 20,000 + - 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.
Bitcoin is looking still for a bigger correction imo. Let’s see if it plays out. Good luck
Bitcoin price analysis is bearish today as we have seen a failure to continue higher after a short push above the $21,500 previous major resistance. Since BTC/USD has already moved lower and set a lower local high, we expect another drop to follow. The next target should be the $20,000 previous support. The market has traded in the red over the last 24 hours....
No comment :D 3rd wave target 11,850$ 5rd wave target 3333$ * None of what i write here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose your money.
After hitting a low near 17 500 USD and reversing back above 21 000 USD, Bitcoin has been trading mostly sideways. So far, it has failed to move above the 22 000 USD price tag, which hints at a loss of momentum within the bear market rally. Despite that, we remain neutral and abstain from setting a price target for BTCUSD. However, we are growing inclined toward...
Between H3 and L3 would be ranging price action. could take shorts on H3 or long on L3 with stops on corresponding sides H4 or L4. breaking H4 or L4 with candle close under could lead to breakout levels 5 and 6.
Bitcoin bottom is either already in or coming very soon and won't go down much further than 17k. BTC volatility index is very good at calling either the exact or general area of tops and bottoms. In my opinion, 64k BTC of April 2021 was the cycle top, not the Nov 2021 68k top, which is the price top and more likely an overextended correction. I believe this detail...
This week will likely decide where the market goes next. Bitcoin needs to break above the 200 week Moving Average, otherwise we may end up with a boring flat price action. Or worse, we revisit goblin town. 👺 Don't gamble here. Wait.
The 200 DMA is a very important level for Bitcoin. BTC under 200 DMA = bearish Let's look at the past: Late March 2014 - Late June 2015 = BTC was below 200 DMA, Bear market, roughly 16 months of bear market. MAJOR BEAR MARKET March 2018 - April 2019 = BTC below 200 DMA, Bear market, roughly 14 months of bear market. MAJOR BEAR MARKET September 2019 - April 2020 =...
▪️The $21500 range has not been passed, we go down to $20000, then a small consolidation will follow, I will continue to update the idea, I will start buying below $20000. 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.
▪️BTC failed to pass the $21,500 level, the price is being reversed, the first stop will be at $20,000. The second stop will be in the $17700 range. 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.