Bitcoin will go UP by Falling Wedge & Ascending Triangle(15-Min)Bitcoin managed to form Falling Wedge and Ascending Triangle patterns .
Currently, Bitcoin managed to break the upper line of the Ascending Triangle.
I expect Bitcoin to go up to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴 after breaking the resistance line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Btcanalysis
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) sank to a multi-month low on Tuesday, as markets reacted to the news that Binance has been sued by the SEC.
BTC/USD dropped to a bottom at 25,445.17 earlier in today’s session, a day after trading at a high of 26,810.22.
This decline pushed Bitcoin to its weakest point since March 17, when it was at a low of 24,946.
the drop in price coincided with the 14-day relative strength index (RSI) falling below a floor of 38.00.
the index is tracking at 36.12, its weakest point since mid-March.
Despite a recent upwards crossover of moving averages (MA), the 10-day trendline has now firmly shifted direction.
I have tried to bring the best possible outcome to this chart.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was trading below the 27,000 level on Monday, as crypto market volatility remained high to start the week.
Following a high of 27,407.02 on Sunday, BTC/USD slipped to an intraday low of 26,712.73 earlier in today’s session.
the relative strength index (RSI) fell below a recent support point at the 47.00 level.
The index is now tracking at 44.43, which is marginally above an upcoming floor at the 43.00 mark.
Should bears retreat to this point, there is a strong possibility that BTC could collide with a floor of its own at 26,300.
there is still some optimism from bulls that a recent upwards cross of moving averages could point to an upcoming shift in momentum.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC retesting the resistance and May go deeper (25000$- 24000$)BINGX:BTCUSDT.PS
BTC almost retest the resistance and there is two possible scenario:
1- Best case:
Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$)
2- Worst case:
Will dump straight to test the fibonacci level 0.618 and center of pitchfan at the same time (near 23900$)
BTCUSD 4June2023BTC medium term looks bullish. currently it could still be in the wave 2 period. although last week BTC managed to get out of the sideway area, but the range for prices to make corrections is still very wide.
looking at the fibo retracement area, there is a SnD area right at the 0.236 level (the price has dropped 76% from the last bullish swing) in my opinion this area is quite dominant, although in the medium term BTC looks bullish but it is likely that wave 2 is still not complete and it could be that the price is heading towards the SnD area.
Does Gold Price Return Does Gold Price Compete With BTC Returns?Today, I want to discuss something that’s been on everyone’s mind lately: does Gold Price Return compete with BTC returns?
As you may know, Bitcoin has been the talk of the town for quite some time now, with its unprecedented returns and high volatility. However, many traders still prefer to invest in Gold, a traditional safe-haven asset that has been around for centuries.
So, the question remains: which one is better? Well, the answer is not that simple. Gold and Bitcoin have unique characteristics and can provide great returns if invested wisely.
However, recent studies have shown that Bitcoin has outperformed Gold regarding returns over the past decade. For example, Bitcoin has provided an average annual return of over 200%, while Gold has only provided an average annual return of around 9%.
But don’t let these numbers discourage you from investing in Gold. Gold is a great asset to diversify your portfolio and protect your wealth from inflation and economic uncertainties.
So, what’s the bottom line? It all comes down to your investment strategy and risk tolerance. If you’re willing to take on high risks for potentially high returns, Bitcoin might be the right choice. But, if you prefer a more stable and conservative approach, then Gold might be the better option.
MY BTC FORCASTBase on the monthly BTC is on a bearish rising wedge, and a has falling from a major POI with a H&S pattern. Knowing that the HTF bias is an uptrend, moving to the lower TF the Daily is on a falling wedge and its descending from a major declining pressure to the trend line below but going to the 1h and 15M TF the price is retracing from a long chain of S&R Zone which has gain back momentum to the up side.
MY PLAY
If we get to the up side trendline i will enter a 50% short after a confirmation because we have not yet hit the BSL and we have a 3% gap to cover so we be entering and if the price grace us with even higher entry we will enter a 100% sell after a confirmation on the Resistance up above the falling wedge showing a breakout and might give us a double top showing a sell pattern to the downside. and my SL above the low that triggered the current fall the 27860 range
Bitcoin 23/5 '23Hello Everyone,
Straigth to the business,
Right now, we in High Uncertainty market conditions,
related to Macro economy optics for Future..
with Several Big events in upcoming day which could provide
more Clarity into where market would like to move
BUT as Right Now..
Price is Lower then it was when Peaked mid March..
In that Time, we was Held in few Week consolidation, before we seen expansion.
Matter of Fact, it Holds Under that Purple line
which can be seen as Bottom of Sidewas range from March.
Because of that and above, I would favourite opening Short in this moment,
and expecting that next Expansion will be on Downside,
with sound Stop Loss above 25-35% of March sideways range.
( around 28k$ - depending on your own Risk Managment)
Having in Mind, that if Price is Able to Break above and Close there for
at least Few Days, it May be very possible to see Highier Price range upcoming Month(s) .
Joe
btc is still bearishHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BTC SETUP"Support levels are indicated in green, from weakest to strongest at the bottom, and resistance levels are also indicated from weakest to strongest. You can enter buy and sell trades based on them."
Please note that support and resistance levels are commonly used in technical analysis to identify potential levels at which the price of a financial instrument may reverse or encounter obstacles. Traders and analysts use these levels to make informed decisions about entering or exiting trades.
Bitcoin growth from bottom of Ascending Channel(short term)🚀Bitcoin is moving near the bottom of the ascending channel in the 15-minute time frame.
I expect Bitcoin to go up to at least the resistance line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Target is 25.1K After Losing Bear Flag.More Sell To ComeBitcoin Exited The Bear Flag and consolidating below its support line. If we lose it there could be a price dump to the range of $23,800 to $25,100.
It could also have a small pull back up to 27.4 before losing the bear flag (jebaiting more long position)
Moved some trendlines and levels.
Thank you all for the support Comments,Follows,Boosts and sharing it with others