BTC (Bottom Of Next Bullrun ?)BTC / USDT
Hello all
Its a nice and strong bullish reaction from bulls
Congratulations if you are on this wave from the start with me
Is this the bottom of next bullrun ?
We have very high chance to be in the bottom of the next bullrun (or even a mid-cycle bullrun i dont care)
And heres what i see in the chart :
1- Biggest green weekly candle since early 2021 (not closed yet)
2- Strong bounce at multi years trendline support(blue)
3- Breakout of 21 weeks moving average
4- Breakout of falling wedge pattern
5- RSI index is bottomed out
Just compare these informations with bottom of 2019 and bottom of 2020 you will see we have big similarities
If you haven't seen my analysis since june 2022, where I told you bitcoin was going to hit massive historical support and bottom is close please check the attachments below
Note : For those who didn’t catch the wave from first dont fomo …always calculate your risk before reward
There always be a new opportunities
For more ideas / analysis hit like and follow
happy day for everyone
Btc_usd
BITCOIN SURPASS THE RESISTANCE.Hello traders, here's a quick update on BTC in 8 hours timeframe.
BTC surpassed the resistance trendline in this 8-hour TF. This recent rally fulfilled our initial target of $19k. The breakout above the resistance trendline looks pretty good but we can't avoid the RSI level. The RSI is highly overbought and anytime soon it may drop. Things look pretty interesting but better be careful cause in the higher timeframe if BTC doesn't break above $19k then we may witness one last drop in BTC and then the actual rally.
What is your opinion on the recent BTC rally? Let me know in the comments below.
Thank you for reading.
Trade safely.
BTC ANALYSIS#BTC UPDATE.
#BTC is has now close above the red box daily resistance area and the red box is currently acting as the strong support.For now it is important for btc to closer above the blue box resistance as well in order to continue upside move ,however,we are still in bear trend as we do not have any reversal signal yet.Trade safe and do not use high leverages.
BTC ANALYSIS#BTC UPDATE.
#BTC is still trading in the green box accumulation range and is holding the purple box support area .If btc loses the current support it is most likely that we see btc testing the next support at the blue box area around 15.87k range.Flash moves expected on testing break below to the purple box area,keep eyes guys.
BTC ANALYSIS#BTC UPDATE.
#BTC is still trading in the green box area with same red box resistance.Its been over 10 days now and btc not showing any kind of move here.This current range is not good to trade anyhow .Therefore,We will have to wait more until btc make any significant move as the chance of move could be either direction ,Will update if btc makes any moves to above or below the support levels.
👉🏼Stay tuned ,do not forget to turn on notification bell..
BTC ANALYSIS#BTC UPDATE.
#There is nothing new about btc move ,btc is still facing the red box area resistance and not been able to close above the red box resistance area.With addition of the BB indicating some sharp move ahead in either direction,the direction would clear on the breakout but you need to prepare for both sides move.I would suggest not to trade in the green box area until some confirmation.
BTC USD TRADE ANALYSIS FOR FIRST QUARTER OF 2023BTCUSD 4 HOUR AND 1 HOUR Trade analysis.
It's going to drop first, Then SHOOT UPTO the 20,880 LEVEL.
To grab unfilled orders.
Educational Analysis says BTCUSD may go SHORT THEN GO LONG. According to my technical.
This is not an entry signal
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
THANK YOU FOR CONSIDERING MY TRADE ANALYSIS.
BTC - 2022 bear market monthly buy zone?Hi there, here are my thoughts on two possible scenarios which both spell opportunities.
A) Bitcoin has seen a massive sell off these past couple months but it has seem to reach what is likely to be the bottom of a very strong support zone at the 50 EMA in the monthly chart, which currently sits at around 26013. Historically the 50 EMA on the monthly chart has shown to be a good buying opportunity as we have seen in 2014, 2018, 2021. Wave one for this Elliot wave count starts from the Covid crash of 2021 which cleared the way for a new bull market phase and eventually ended around November 1st 2021. Recently BTC has done it's full 0.618 retracement confluent with the 50 EMA. Currently most indicators point to 25370 level as a possible bottom and the new accumulation phase has now started.
B) If a bigger capitulation scenario plays out, expect to target the 50 MA area on the monthly chart which currently sits around 21312 this would most likely be the final stop. Eventually bringing the Ultimate Oscillator further below 45 creating a massively undervalued buy zone for BTC. In the unlikely event another black swan capitulation brings us way below 20k, there is a high likelihood that this too would be short lived as we have seen in the past.
Expected risk to reward ratio is set to 7.17 and above. Thanks for reading and good luck out there.
BTC ANALYSIS#BTC UPDATE.
#BTC is still facing the red area as the resistance and not been able to close above on 4H TF.If btc close above the red box area there must be some recovery in the btc price but still need a close above the resistance for that.
BTC ANALYSIS#BTC UPATE.
#BTC is now trading in accumulation range where red box then the black line is the resistance.Since we got rejection from the red box area on daily is is most likely that we might see pullback again in btc ,however if btc closes above the red box resistance we are likely to see some upside move from here.
BTC ANALYSIS#BTC UPDATE.
#BTC is facing resistance at the 20 SMA on BB band ,if btc closes above the 20SMA the black line is the next major resistance for with blue box as the support on daily.We still do not have a clear btc move ahead as btc seems to be trading in accumulation range but the chances of the flash move are still high.
BTC ANALYSIS#BTC UPDATE.
#BTC has been able to hold the blue box support on 4H TF and as soon as btc loses this support we are likely to see btc testing the purple box area .There is some bulish divergence on 4H Tf but since the market is so fishy we can not trust any kind of signals right now however if divergence comes into play we will see some pump in btc price.