Hey In the daily Chart we can see the Head And Shoulder Pattern
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Hello, everyone! The falling narrowing wedge not so clearly but was broken to the downside. I did not expect this, but we close our BTC position before this dump as you remember. I am waiting for trend reverse confirmation and it need at least 3 days after this dump I suppose. The market is in extreme fear – Fear & Greed Index = 13! I found the very rare signal...
As we can see we have a downtrend on bitcoin leading us right back to the major support level, we will be looking for bullish confirmation from this level and if not then the level right below for bullish reversals. Remember to always trade with a plan, don't ever risk too much and be patient. As usual, goodluck and happy weekend traders. CJ
• Changing candles material after 0.618 (timeline) is obvious ... • It is just the beginning of second part of bull run which has almost 6 months old ... • 35k expected in this week but long term maybe more than 130k ...
-CURRENT BTC AND MARKET SITUATION- Hello everyone. Hope everyone is doing well. The market is still on a downtrend as expected. Although the previous BTC charts show that a potential drop to $20,000 is still possible, I personally don't think it will go that low as of now. I personally believe BTC will drop just a bit lower before bottoming out and I have for a...
The BTC chart is now at an important inflection point at the 42k level. Only a short while ago this was viewed as the most important support which then broke down opening a descent to ~~ 30k where we bounced and found new highs! So it's important to consider both the bull and bear case from here, wait for a clear direction to form, and trade in the direction of...
Bitcoin is having a correction. There was an area of correction during the summer of 2021 that bitcoin should have met and didn’t, as there was a visceral pump surrounding the “b meeting” Had the correction gone on naturally bitcoin would have had more of a widespread accumulation, and this will happen now.
Hello everyone I know any traders are not be calm and good today because of the condition of market. Guys please do something for yourself, have a plan for your money, have a plan when the market dump when the market pump when and when and when, do not enter money back on back, manage your money Dont think that if you buy in some step you can take profit and the...
Duble Top and Head and Shoulder.Short Time gays! 30 K next buy in my opinion
This Week House committee will take a look at the energy impact blockchain "The University of Cambridge’s Bitcoin Electricity Consumption Index estimates that the Bitcoin network currently uses around 15.7 gigawatts" "And a reminder that this is just bitcoin (BTC). There's several thousand other cryptocurrencies with their own varied energy needs." "Part of...
When times are as unpredictable and erratic as they are today, it is best to erase as much noise as you can and take the most simplistic/reasonable approach. The most important concept an investor must first understand is to follow the trends. Countering a trend or predicting a trend reversal without proper risk management will leave any portfolio blown up. Timing...
Just an observation. Consider it hopium. SPX is yearly, BTC is monthly on this. So not a direct comparison. But i'm sure a double top was called on SPX back in 2007. If it can do it, so can BTC! Granted market conditions are WAY different now, and so many other factors. (shrugs)
$btc #bitcoin my thoughts on the current H4 chart. Still need a H4 close above 44k to clear this trading range. That would allow for a move up to 45.7 area until next major resistance.
Looking at this 4hr chart it's clear to me that Bitcoin is at a critical level. If we have more downside we should find some support around $34,000. If that does not hold then my next level to watch would be just below $30,000. If $30,000 doesn't hold, I would look to around $20,000 next. I remember that there is a CME gap around $9,000, but I've been running...
To be clear, I love crypto and I would like that pattern does not happen but there is few bearish indications: * governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT. * several ETF were rejected by SEC and not looking...
Price got rejected at the resistance (red trendline) and also dropped below the support area (green area). I expect to see a bounce from $37k area. Also OBV is very close to a support trendline. Failure to hold this trendline would result in a test of the red area. If this happens, then the price would drop to $30k area.
Hi folks As always, clean, simple, and easy to understand for everyone. Bitcoin - Pullback into Short ----------------------------- Overview Bitcoin is currently facing a support zone around the 37k ish level. The 40k ish support zone turns now into a resistance. We also have had a generally bearish movement (red Trendline) since 10th November 2021 The...