Btc-short
The next 12h will decide shortterm trend of BTC!Hello guys,
Yesterday FTX filed bankruptcy and destabilized the crypto market, BTC fell rapidly after the announcement was made.
Right now we can see that BTC is making a direction decision right now.
A wedge formed that will influence the future trend for the next days.
A breakdown would bring BTC to around 14200 dollars and a break to the upside to around 19800 dollars.
The chance of a breakdown from the wedge has a slightly higher technical probability and a fundamentally higher probability to happen.
Good luck trading!
BTC decided the new midterm direction!Hello guys,
Like I said in my last post on August 12 BTC could and porbably will retest 17k, we did and even more than that...
BTC has a 24h low of 15.5K which is showing us a new direction after a long consolidation phase.
We got extreme high selling volume which confirms the start of a new bearish trend.
Just now the US market pumped and BTC also had a good amount of increase in price, but we saw these kinds of patterns in the past.
BTC is just as I writing this post, retesting resistance and probably getting rejected, which would lead to a retest of our next support zone, which
you can see at around 14k.
You can definitely say that after retesting this support, the BTC bear market could end and a new upwards trend could begin.
Also a falling broadening wedge formed, which has a target of exactly 14k.
Good luck trading, Henrik
BTC 12K IS COMING BY THE EOY 2022btc has formed a huge descending triangle which isn't good for bitcoin price.
alot of things happened this year. Luna crash Celsius network and then FTX. a bad year for bulls indeed.
the final move is yet to be done. which is scary. a flash crash at this point is inevitable due to fear in the market.
it's going to be very good opportunity to buy bitcoin under 15k.
BTC Short 4 to 14% down move 11 8 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
Analysis:
This analysis is incomplete because it is backed by another setup that is private and not available to the public. Ultimately, the Yellow moving average crossing the upper dotted white fib line on the 3min BTC chart and 3min ETH Chart is the best indicator that BTC is overbought.
ideal entry range was between $20,200 and $20,500. An estimated 4% to 14% downward movement is anticipated from this move.
TP1: 4%
TP2: 7%
TP3: 13%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
BTC warning from last post for bullsAs I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed.
The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump.
I still contend that the price should be expected to reach the MA 200 on the 4 hr prior to heading back up .
BTCUSDT price action idea for sells.BTCUSD is going down right now. It doesn't really show any real signs for a reversal yet.
I know usd might have a chance of being inverted, because of Russia and china's plan to create a new currency. It hasn't happened yet, so until then, I will just continue to trade with the trend.
BTC Short 10 17 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
Analysis:
On the 3 min charts, BTCDown 3 candle confirmation occurred at around $1.144. This implies a current oversold condition for BTCDown. For safekeeping this time around, I waited for a 2-candle confirmation on the 5 minutes chart above the yellow moving average and a 1-3-candle confirmation above the lower white dotted fib line on the 3 min chart. This will be the safest oversold position for BTCDown.
based on this analysis, we should expect around 0.8% to 1.5% downward movement for BTC from this point. if you are really bearish, a 1.75% bearish move is within the realm of possibility between today.
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.