BTC Still bullishIn addition to the fact that this trend is still up, in my opinion, because the trend line has been broken, but it has not reached the last bottom yet, so the trend should be changed and become downward.
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But it may happen from those fake breaks or fraudulent support and manipulation in the market that is only in crypto.
Btcanalysis
STILL A POSSIBILITY??We are back in the triangle "on-chart".
Support on 4-Hr, after tested severally got broken to downside
Daily: RSI looks lot more room to down side.
RUMOR: ETF approval usually precede down-move
KEY Pattern: Double-Top formed clearly on the chart. It is all there is to see.
Additionally what some people called M formation
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
BTCUSD H4 is going after the Liquidity and KEY Resistance!📉Hello Traders!
This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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$BTC Daily UpdateCRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing
$BTC Daily UpdateCRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
$BTC Daily updateCRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
$BTCUSD History Repeats itself - LONGIn continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions.
Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential to note that the historical data, when viewed through the lens of 'relativity,' provides invaluable insights. As time elapses and market volume evolves, price action exhibits variations. This relativity facilitates a meaningful comparison between the present asset conditions and historical benchmarks.
Currently , a robust Fibonacci retracement analysis reveals a noteworthy gap of +33.381% spanning from the support zone to a key resistance level at 47,214. Upon confirmation, an anticipated swift retracement is projected, targeting approximately -41.38% at ±28.316. This critical juncture is anticipated to mark the commencement of Phase 2 within the Bull Cycle, propelling BTC price action to unprecedented heights.
BTC overviewRead the text carefully:
First of all, note that this is an overview.
Our view for Bitcoin is a large degree triangle, which we are now completing wave D of this triangle.
When we move down, from the range of 34K-32K, we can return to the side of 42K-46K and then the intended drop will take place, so be careful when returning to 34K-32K.
The completion of wave E and this triangle will take place in the next 360 days.