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Btcanalyse

BTCUSDT.1DIn this technical analysis of the Bitcoin/USDT daily chart on Binance, we observe a few key indicators and their potential implications for the cryptocurrency's price action. Price Action and Support/Resistance Levels The chart illustrates a period of fluctuation within a defined range, showing strong resistance around $73,777 and multiple support levels marked as S1, S2, and S3, with the current price near $65,463.97. Notably, there is a significant support level at $56,715.39, which could play a crucial role if a downward trend were to resume. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line is not visible, but the histogram below the price chart suggests a potential increase in bearish momentum as it appears to be in the negative territory. This indicates that the market might be gaining downward momentum or that a reversal from recent gains could be imminent. RSI (Relative Strength Index): The RSI, at a value of around 53.87, is near the midpoint of 50, which typically indicates a neutral market condition. This positioning does not strongly support either a bullish or bearish trend in the immediate term, suggesting a possible continuation of the current consolidation phase. RSI-based MA (Moving Average based on RSI): This indicator is also neutral, aligning with the RSI’s implication of ongoing market indecision. Conclusion Considering the current indicators and the price’s position relative to its recent range, Bitcoin seems to be in a consolidation phase with potential tests of both support and resistance levels in the near future. The negative tilt in the MACD histogram and the neutral RSI readings suggest a lack of strong bullish momentum, pointing to possible sideways movement or slight bearish pressure in the short term. Investors and traders should watch for a breakout above the current resistance or a breakdown below support levels to gauge the next significant move in the market. The key will be monitoring these levels and indicators closely for any signs of a definitive trend.
by MarsSignals
Will Bitcoin Crash or Blast Off? Watch This Video to Find Out! Bitcoin is forming a bear flag pattern right now, which indicates a potential continuation of the downtrend. However, there is also a strong support zone at the 25.1 Fibonacci retracement level which can bounce back up If bitcoin can break above the flag resistance, it could rally to the 29K level, where there is a major down trend line that acted only as resistance if bitcoin breaks below the flag support, it could drop to the 24.4 level, From there, it could bounce back to the 25.1 level and retest it as resistance
Short
by pcmonk
Bitcoin Remains Below 30K: Is It a Buying Opportunity or a Trap?Bitcoin trying to breakout of 30K and goes into 31-32K.we could see a decoupling happeing between SPX and BTC. If BTC loses 29K again then loses 26.8K we could say we are not going to 31K if not there is a slight possibility for us to reach there before a major move to the downside. SPX at a key support level as same as NQ1 Please Support Me By Boost,Comment,Follow and sharing the video with others- Thank you for all the support and thanks again for watching.
BINANCE:BTCUSD.PShort
by pcmonk
BTC going down? BTC USDTIs BTC going down? I felt sorry for many people because of this situation. It was really a stock market manipulation. Or so I think. Because big volume single candles can be drawn by a large whale. First of all, I will introduce you the signature of our biggest whale on the chart. Yes it looks like a harmonic pattern. But there are about 70 different patterns that I know about harmonic patterns. This is different from them. This is actually a signature of the rising trend of collecting goods . In harmonic patterns, it enters the decline process after the D leg. Fibonacci levels are traversed in order. 1.27 and 1.618 are good collection points. This process does not happen immediately. It enters a downtrend and moves in steps. But this signature is different from them. Normally, it should break the old support points and go down to the bottom, but this pattern does not give us that. First of all, it gives the impression of falling. Then we try to identify the levels. We know the price will go down here. A measurement like this; It's most likely a shark pattern. Actually no, this is the signature of the whale, which indicates that a new trend will start and wants to collect goods. People open short position believing that prices will fall. Of course, for this, they want to make sure that the prices will drop a little and that the decrease will continue. When they see closes below the support level, they open a short position. People start to sell their goods. Then the whales take the goods that are sold. Crypto markets analyze where short positions will be liquid. And then all the short positions are liquid. Whales are happy with the goods they receive. This time they believe that it will rise and they open a long position. Exchanges again collect statistics and pocket the money. Then analyzes are made. It is thought that the descending triangle and the prices will go down as in the chart below. The wicks of the candles also point downwards. Symmetry down. Investors try to open a short position again. Descending triangle, head and shoulders, harmonic patterns etc. people become convinced of the down trend. Then comes another 13% increase. So what is the situation now? When we look at the A and C legs in the graphic above, it is seen that this is again a shark pattern. The level of the D leg should be 1.618 or 2.24 according to the shark pattern. It is seen that the support levels are also compatible with the Fibonacci levels. accordingly, the prices should drop to 44K. But ; It is also expected to rise according to the same chart. there may be a cup handle pattern with the Inverse Head And Shoulders pattern inside. It can also be a flag pattern. Only one question remains. Which one? Here are the indicator values that will be useful for us When the price is 59700 -56900, the indicator data will say it is available for purchase. When the price comes here, the rsi value will most likely be below 30, at the aroon 20 levels, and other indicators will still be in a suitable position for buying. The bottom of the channel can be thought of as a stop loss., Note: This is not investment advice.
Long
by CryptoBrainn