Fib retracement of 0.5 looks like it’s failing to reach above so I’ve taken a short position for the moment targeting lower Fibonacci levels. Could change by tomorrow. Volatile the market be. Let me know what you think in the comments!!! *Buy Dips and Eat Chips
We just spiked up to grab stops on shorts, trap late longs, lots of liquidity, now we fueled larger short orders ready today to fuel next leg down
In my previous weekly analysis on the BTC weekly chart, i discussed about the importance of 33.5k region and if we loose that area, we are very much likely to be visiting 25.5k area. In the current scenario, on daily chart, it seems like our wave 4 of retracement was finished recently which was forming a bearish flag as seen in the hart below. That was soon...
Still inside the green wedge lots of other valid trendline currently in play too. Normally on these ideas I would delete all but one or 2 patterns trendline so you can see it clearly. This idea here is just mainly being posted so later when I click play on it I can see how many of these trendline s came into play. This is really just an idea posted for me to...
Looking at the BTC chart in 12H time frame, the price seems to take a reaction from what I see as a strong buy zone. Bullish Bat Pattern targets, formed by this movement, appear as $39500 and $41500. An Order Block around $40000 may slow down the price from exceeding that level, but I think the price wants to fill the FVG formed between $40900 - $42900. This area...
Bitcoin is back above our very significant black trend line. And that is bullish!
We had an inefficient pump due to short squeeze and can easily gap down just as hard. 1hr bear div let’s go. I’m short
There is a downtrend breakout on BTC/USDT pair. But volumes at the breakout not close to average volume. It can be a possible bull trap needs to be careful to open position. Key Areas; Support: 26.203 - 34.382 - 33.697 Resistance: 39.137 - 39.513 - 41.131
There will be 3 kind of mode for BTC movement in near future: In order of power: Mode 1 Mode 2 Mode 3 I think BTC rich 40,000 resistance and fall to support 1. that's the Mode 1 analyze.
Bitcoin was supported about 35K area and it can be move up to 50-51K. I think its formin head and shoulder pattern and if it return to 36500 area slowly and observe reversal candel, long position can be actived with 35K SL and 50500 last target. Other resistances can impress the price, so suggest you to save your profit step by step. ⚠️ This Analysis will be...
For BTC it's time to visit the upper trading range as momentum shift toward risk-on assets.
BTC looking to have another crack at the resistance on the hourly chart, interesting to see this attempt.
Second scenario from a bullish prospective is that it has closed above the resistance trend line so could be a bullish signal of breakout of falling wedge with retest and would mean the high volume would continue and we would get a big bounce of this trend line, being the weekend, typically being not great for bullish runs with BTC but if so, this could be the reason.
I just shared a chart for the US Dollar Index (DXY) which is super bullish. Everything is pointing up. If you've been reading my Bitcoin analysis for the past 10 days, you can tell we are bearish, everything is pointing down. DXY vs Bitcoin We have the DXY coming out of a bottom pattern/formation, breaking resistance aiming upwards. We have BTC hitting...
BTC has made it's decision to test the lows. We will see fear and panic in the market. The fake Russian invasion into Ukraine plus the FED emergency meeting on Monday is more than enough to do this in the coming days. The hot inflation numbers caused an initial dump in btc and then a suprisingly fast, spring like recovery that soon after faded. That fade was...
We may see a rise in BTC towards the areas of $ 45,000
A small analysis on btc log chart The zone I placed the star in contains relevant support lines intersections, we could see a reversal around that level Disclaimers: !! This is not an investment advice and you shouldn't follow this setup !! !! Never invest/trade with more money than you can afford to loose...
BTC is still holding support well. Though market conditions are really bad but irrespective of that I took a small risk here and opened the long. Hopefully Russia-Ukraine things will settle down and market will reverse.