After getting rejected by the inverse H&S neckline, BTC started dropping in a move below the right shoulder low, confirming the pattern failure. Simultaneously it lost a few more key levels. There are high odds in favor of a continued descent into the low $30k level.
$20,000 Support zone is a strong zone and is located near last wave's fibo 78%, Trend can be changed and this hard correction can be ended here. If not, we can see a move up to this historical support zone. Personally I think that BTC does not drop bellow $12,000 zone.
In the last 24 hours, we have seen a 9% drop in bitcoin in the market. According to yesterday's analysis, the price of Bitcoin could fall again after reacting in the range of $ 22,800 to $ 23,100. This happened with the savings of short-term buyers. The selling pressure on the support level of $ 22,350 to $ 19488 is still high. If bitcoin fails to clear the...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! If you want to...
Hello, everyone! Yesterday we considered the Bitcoin analysis using the trading chaos approach. We are in the global wave 5 and the bottom is close to the current prices. But today the market gave us the information how the bottom could form. On the 4h timeframe on the BTCUSDT chart of the Kucoin exchange we can see the subwaves of the wave 5. The last subwave...
Hi All, See a macro perspective on BTC - 16k to 160k Yes we are in a bear market (in Sep 2021 I called this as happening mid 2022 spot on, proposing 20k, feel free to check my historical posts linked below) At the end of the day, the macro cycle is king - no use trying to guess specific prices or time as these are really hard to guess and likely you will fail...
Shifted it a little bit, bottom projected around July Fed meeting (27th), which makes sense. Really no point in buying cryptos until the Fed signals that they're done raising rates, or at least gives some timeline. Playing the dips on something you can only hold for a few hours really makes no sense, plus it;s not oversold anymore so things can go downhill quick.
I did this chart to show how people react to the market. It shows little interest with a prolonged slow rise then more interest and more interest etc until the FOMO blowoff hits. This increase in angle of uptrend plays out in every timeframe and in almost every chart. I think the crypto market is just getting warmed up. We're about to go parabolic in my opinion....
The road ahead remains bumpy for Bitcoin as the benchmark cryptocurrency continues to flirt with the $20K region. At this point, the technicals appear to have taken the passenger seat in the price development around BTC, as macroeconomic factors take control of market dynamics. Regardless, the $20K level remains a critical blockade against further price...
#Bitcoin Technical Long View :- $BTC currently trading at $21000 And Went down to $20,000 As per chart 200 Days Moving Average is around $22358 As per Previous History 200 Days Moving average in Monthly chart is Very Important. $BTC never Trade below in Line Chart. Currently trading below 200 Days Moving Average. So There are Two Scenarios:- 1st:- Price may...
BTC USD BITCOIN I was just playing around with some of the historical dates and price action with Bitcoin trying to figure out where we go from here. Let me know what you think. This is not financial advice. Thank you
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I just started a new series where I will analyze Bitcoin in 1 minute for 500 Days! Let me know if you like the idea. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
In trading, the most difficult thing is to know where an asset will stop falling or will stop rising, but there are tools and techniques that can help us find it, I mapped support zones, fibos and mirrored channels. We have a support zone that starts in the region of 20k dollars to the region of 17k that should hold the fall in the short term, but it is worth...
The NAS 100 seems to be rolling over again at this point we might see it go to pre covid levels . If the NAS did drop 13% down to this level then Bitcoin could go as low as 13.5k. This lines up with the 0.618 Fib and also there is major confluence at this level , it is possible that a wick down to this area could happen. Chainlink would then come down to as...
As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
Whats your thoughts on Bitcoin traders? Comment below ⬇️
man oh man. happy strawberry super full moon 🥂 let's talk about all this stuff. 🍓 You see this volume!? indicative of some serious buying pressure; we're nearing a significant bottom. 🍓 Open interest is still fairly high. I need it to come down a bit more before I can confidently say we've found a bottom. leveraged longs are opening positions into...