BTC ANALYSIS#BTC UPDATE.
#BTC is currenty trading in ascending triangle on 1H TF and close below to the purple line would agin bring btc to test the 16krange .
👉🏼There are high chances that we are going to see yet another sharp move on 1H TF so be prepared for that also as there could be a flash btc move that could liquidate the positions.
Btc_usd
Simple but great bullish pattern This is simply AB=CD bullish pattern
The target for this is 1.272 fibonacci level
Happy trade for you
BTC - Bitcoin #BTC #Bitcoin $BTC #Harmonic
-Deep Crab 🦀
- The Descending Triangle
- Demand Zone
= Easy money ⏳
BTC ANALYSIS#BTC DAILY UPDATE.
#BTc has broken below to the pink box support on daily and has become the resistance for btc on daily,if btc not able to close above the pink box area n daily we will mostly likely to see that btc will test the blue box support area on daily.
BTC ANALYSIS#BTC UPDATE.
#BTC has broken below to the pink resistance box and is likely to test the blue box support area,however in case btc closes above the black trend line then we do have chance to see btc back to the upside move.
BTC ANALYSIS#BTC UPDATE.
#BTC has now lost the trend line support and the trend line is acting as the resistance now,the pink area support is crucial as it the double bottom for btc and any move below this pink box area would lead into some more pullback .
The next move will be updated on our website so please do visit.
BTC ANALYSIS#BTC UPDATE.
#BTC has now broken below to the pink support area and is now acting as the resistance for btc .As told you in the last btc update if btc loses the black trend line support then we might see btc testing the blue box support area and there could be a high volatile move as well at the trend line support.Enter into any positions after the confirmation.
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the pink box support area and any close below to the pink box could result in more pullback from here .Keep eyes on the support line as well as if btc loses and close below to the trend line support btc might look to test the blue box support area around 16k level
Double bull divergence on 1D + pushing against local resistance.If breakout, expect to attempt on 200 DMA which is around 20-21k.
BITCOIN: A DECISION TO MAKE.Hello traders, welcome to today's BTC update in a daily timeframe.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
BTCUSD - Holding mid rangehi everyone, we see from the Bitcoin chart that it has bounced perfectly off the current mid range, this makes me think that there will probably be another push up to the high range. Thank you all!
BTC ANALYSIS#BTC UPDATE.
#BTC has bounced back from the lower band which is support for BTC on 4H TF and currently btc is trading on the daily resistance .On closing above the daily resistance the long might open but we will have to wait for the daily close.
BTC ANALYSISBTC has not been able to close above the green box resistance which is the daily resistance and now it looks like that btc might test the yellow box support area as we have already seen so many rejections from the resistance.In case btc break below the rising wedge yellow box area would be the 1st support where btc might hold .Keep eyes as the btc move will be sharp and there could be flash crash as well.
BTC ANALYSISBTC is currently trading in a rising wedge on 4H TF and is looking for a break down.If btc could not hold the lower band then we might see pullback to the next support level which is the yellow and the blue support level.However upside move is possible if btc bounces back from the yellow support level.
BITCOIN / TETHERUSBITCOIN / TETHERUS
Strong and good landing of bitcoin and likely to continue the drop to the lowest points, the most important of which is the historic demand area. We can also see the drop and the re-climb and build a new path
BTC ANALYSIS
#BTC UPDATE.
#BTC has been rejected again from the red box area which is the resistance on daily,until btc closes above this resistance we might see a pullback as this is the 7th rejection from the same leve
BTCUSD Falling Wedge ElaborationEach touch along the bottom line of the falling wedge has led to bullish results (green circles, vertical lines)
This is shown with the bars pattern tool
Falling Wedges are classified as bullish patterns due to their ability to break out bullishly once reaching a critical point, I have also shown this with a bars pattern in green
This is good for Bitcoin and an elaboration on my previous BTC falling wedge post
Below
Daily BTCUSD ThoughtsIdea for BTCUSD
Showing two circles along bear trends, both with compatible double tops
What im waiting for is the move out of this slump we are in, it will be a sharp one (in green circle). As was the move back up to the trend line in the first circle.
A larger channel can be drawn in pale white.
Daily thoughts
BTC ANALYSIS#BTC UPDATE.
#BTC has been rejected yet another time from the same resistance on daily ad is now looking to test the previous support level on daily.
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the red box resistance on daily with bearish RSI on 4H TF,if RSI comes into play we will see pullback from here until the previous support level.
BTCUSD Simple MA AnalysisThe 50MA on Monthly timeframe is a significant area that extends back to 2015
This MA Provides nice support and should be considered a buy at this level
