Bitcoin (BTC) more downside incoming? The trend is your friend!
Bitcoin looking bearish and I am currently shorting bitcoin miners to get that extra leverage. Bitcoin looks like it wants to go lower to the next zone below which has a range of 30272-33049. If that level breaks, expect Bitcoin and the rest of the crypto market to crash.
A Tiny Head and Shoulder Found inside the Big Head and Shoulder Market Already Bleeding its look like More Blood is Coming . What you Think ?
As shown, we have two scenarios: S1: Rebound from daily time frame support 39300. S2 : Break S1 and rebound from daily time frame support 36100. S3 : Break S1&S2 and rebound from weekly trending time frame support almost at 33900. all three scenarios will lead to that chart trend as shown.
See related ideas for complete descriptions of my the Holy Grail that I dissect & talk about here.
Hello to all traders here Illyrian Trades, we have two charts in comparison to see the situation both from far and close. I don't want to write a book since I write and I'm followed mostly by trading masters. In the weekly strongly bearish sentiment for last week's close with a shooting star candle. Tracing the impulses on the weekly as well, we see an inverted...
Hey traders, we are monitoring BTCUSD for a buying opportunity around 39k zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
When everyone buys you sell, when everyone sells you buy
Urgent technical and onchain analysis First Support is 38K and if it lost we can see 31k Onchain analysis shows that number of holders in 10 , 100 and 1000 bitcoin decreased BUT I personaly think this is the game of governmens like Russia and US and China to buy the dip buy negative news NFA DO NOT open future these days and have a good day
If the daily closes under the L4 I would look to see L5 and/or L6 fufilled by weeks end. Otherwise ranging behavior. wait for confirmation. It is currently in bounce region analysis done on camarilla weekly pivot points
Its a clear area to manage risk from. if price breaks L4 with any significant close I would wait for mid 30s. However if it holds L3 could target H3 for first target and hope for above. If short from H3 could take some profit and move stoo to entry. analysis done on camarilla weeky pivot points
slp in a corrective wave lets see if its make 3-3-5 or 3-3-3-3-3 i think its going to be a flat
Pretty good impulsive structure down. Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately. You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down. A break below...
Bitcoin has lost its uptrend by breaking the trendline today. Not nice, not nice. Now price is on a clear path to test the key support at $40k. Once there, BIG DECISION awaits... why? If BTC falls under $40k... FUD will start and a lot of fear will return to the market. Buyers better step up and give it their best at this support, otherwise, it's going to...
What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Here are my observations of the current state of Bitcoin on the Daily. #1 - We saw RSI and OBV bearish divergences at top of BB. #2 - Currently holding above multiple moving averages #3 - MAs and Horizontal support acting as support atm. Still in chop zone from 41k-46k. Daily close below 41.6 and we will most likely retest local lows. Close above 46k and we...
Looking at BTC, I see a couple of bullish signs on the daily timeframe. 1. We've recently broken out of a downwards channel that lasted a few weeks. 2. It looks like we're about to break through the ichimoku cloud on the daily. 3. BTC has formed an inverted Head and Shoulders pattern. If the inverted H&S is confirmed after a solid breakout, I will be looking at...