BTC Desparity Support about to breakAs highlighted, Bitcoin is being saved every time it starts to dive sub-20k and is desperate to keep above it. Once it fully breaks, I believe it will be hard to bring BTC back up before bears feast on the market. While I don't think its going to break out as soon as I predicted on the graph, I think it will greatly resemble it (with the current pattern of starting the dive, BTC rescued, repeat).
Btcbearish
BTC 19k! Just for fun! I was looking for a pattern of percentages, drops, or increases. So now, according to the chart, BTC drops to 19k. If it wasn’t that precise, I would not post it. We have two drops of 50% below the green line of the indicator. We reached a 32% drop from the same indicator line on the third one. I would be inquisitive if this will get to 50%, which is19K. Of course, this is just for fun. I don’t take it seriously, but I hope it serves a good purpose.
Why Bitcoin Drops?Well, probably some of u have been wondering why that bitcoin declining sharply. From the technical perspective, we can see that in weekly timeframe bitcoin had a big head and shoulder pattern since july 2021 till january 2022. In this pattern, it has resistance from the head and shoulder pattern around 40-44k that been tested and rejected. So, with that pattern the bitcoin will be targeted at 16.4k and currently the bitcoin also hit the major support at 18.8k. But there's still no reversal sign in the weekly time frame. In my opinion, it's best for us to wait and see in this moment.
BTC ! Bitcoin has bottomed today / BTC bottom is in. I have been watching monthly, weekly , daily and lower timeframe charts of BTC past 10 days. Regardless of bearish analysis and all warning shots I posted and notices recently. I'm sure BTC has already bottomed or the bottom would be between 14-16K))): $BTC bottom won't be bellow 14K.
BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As its evident from the above mentioned chart that bears took charge and BTC fallen down from the 0.618 fib level after printing a bearish flag.
BTC dumped almost 14% from the breakdown level of a bearish flag.
If we consider HTF then BTC is continually falling downside after recording a new ATH of 68K.
Now, as we all know BTC never retested its previous ATH ever, but this time BTC printing a different scenario.
This time BTC heading towards its previous ATH which is $19k.
BTC have also a support rage of $18k - $19k, and we can see a bounce from that level in upcoming days.
Candle close below the support zone will lead BTC more downside towards $12k price level.
Let's see how BTC performes in upcoming days.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, community members welcome to another USDT DOMINANCE chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section
As we can see in the above-mentioned chart USDT DOMINANCE broke the crucial resistance level and moved upside by 6.8%.
Now it's heading towards the upper resistance level from USDT DOMINANCE needs to get rejection to see some recovery in ALT COINs.
Break above the upper resistance will end up things for bulls and it will move up to its highest % levels.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC $32K This Weekend?BTC looks primed for a move down to $32K over the next 2-3 days. That price level may provide a temporary relief bounce, but even then price action could just continue down. This would be a last chance price level before continuing down to my $18K-$20k near term bottom.
Watch for a break of this bear flag on the lower time frames, which is just a smaller flag inside of a much larger bear flag that has already confirmed a break down.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
░₿░ BTC | PANIC AT THE DISCO ░₿░INDEX:BTCUSD
We are reaching crucial Fib Points. If we continue past this Purple Fibonacci Channel then we are approaching Bear Territory. Past the Yellow Fib Channel $27K then we are officially in a Bear Market.
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".)
CRYPTIK-ONE: I wanted to talk to you about Bitcoin for our tradingview.com profile. Bitcoin is ready to see a bear market.
EVE: I told you last time.
CRYPTIK-ONE: What?
EVE: Bitcoin is ready to see an increase in value.
CRYPTIK-ONE: Right now we are pivotal areas in the daily/weekly fibonacci channels.
EVE: No no no, I want to talk seriously. Here.
CRYPTIK-ONE: We are reaching crucial Fib Points. If we continue past this Purple Fibonacci Channel then we are approaching Bear Territory. Past the Yellow Fib Channel $27K then we are officially in a Bear Market.
EVE: This is serious.
CRYPTIK-ONE: Yep. We will see. Markets are bleeding across the board right now. We might see 47%+ drops.
EVE: I can't breathe.
CRYPTIK-ONE: lol. Yeah, I am trying to trade back losses and keep jumping onto a sinking ship.
EVE: What do you mean.
CRYPTIK-ONE: I trade into a position and the a$$ falls out of support.
EVE: Woah. That sounds crazy.
CRYPTIK-ONE: Yep. All support levels blown through multiple times.
EVE: Are you going to stay in the market?
CRYPTIK-ONE: I have bought some positions but baby sitting the trades. Diligently nursing them so we can capture our stacks back.
EVE: Are you sure?
CRYPTIK-ONE: It's 50/50 at this point.
EVE: Why don't you just FOMO into the market like everyone else?
CRYPTIK-ONE: lol more like Panic selling into the market like everyone else. The idea is to go against the masses my dear.
EVE: But...
CRYPTIK-ONE: I think I buy the bottom and the bottom falls out. S1, S2, and S3 fall through like trap doors.
EVE: Is this a bad time to invest in Bitcoin?
CRYPTIK-ONE: Good buying opportunity. However we may see another 8-12% drops.
EVE: Are we going to see a Bull Market soon?
CRYPTIK-ONE: Time will tell my dear. Anything to say to our friends/followers before we go?
EVE: I love you all.
CRYPTIK-ONE: Thanks Eve. Peace out Girl Scout.
EVE: ♥♥♥
Was Bitcoin’s Dip Below $40,000 The Ultimate Bear Trap?Bitcoin's (BTC) price had a sudden break below the $40,000 significant psychological level, but the sell-off was short-lived, and the decline was quickly reversed. Investors are now asking whether the dip below the round number was the ultimate bear trap.
Bitcoin Bear Trap?
In technical analysis, the bear trap occurs when the market sells-off traps traders in believing that the uptrend is over and a possible reversal is underway. In a bear trap scenario, the price often breaks below a support level or a key technical point.
The bears got the break below the $40,000 critical level, but so far, they definitely got burned by betting on the Bitcoin price crash.
The technical landscape can give us more clues about whether BTC can hold above $40,000.
Stochastic Oversold
First, the stochastic oscillator bounced from oversold reading, and it expanded higher along with the price. Secondly, we have a hidden bullish divergence between the stochastic oscillator and the price. The hidden bullish divergence is a bullish reversal signal that occurs when the price makes a higher low while the indicator makes a lower low.
Should BTC's price continue to rally out of its low, the following essential resistance level lies closer to March's high of $48,240, followed by the $50,000, the next significant milestone.
$BTC Price Prediction April ForecastI believe $BTC could range anywhere from 37k to 40k by the end of April to early May. We could see Bitcoin retrace back down to between the 0.618 and 0.65 Fibonacci level, aka the golden pocket. Another potential area Bitcoin can come down to is the 0.786 fib channel level as $BTC has rejected the 0.5 fib channel and is now testing the 0.618 fib channel level. I am currently 65% bearish and 35% bullish for bitcoin this month, however, in regards to other altcoins and eth, we could see a rally in the larger cap alt market. I am still long-term bullish for BTC regardless of its upcoming price action in the upcoming months.
BTCUSDT BearishCurrently bearish on BTC on the 4hr chart. We can see the upper Bollinger band has broken, combined with a slightly overbought RSI. This is a strong bearish signal. However, there is a resistance zone defined, we recommend to take the short position from this resistance.
Trade setup:
entry: 43800
target 37732
Not financial advice.
Bearish continuation?Bitcoin has been in consolidating for nearly 2 months. Expect an explosive move once we break out one way or another.
It looks like a continuation pattern for Bitcoin. RSI making higher highs as price action making lower highs. If so then I expect a continuation of the larger trend to continue. The larger trend being down.
BITCOIN Potential Double Top!Good evening everyone! 😃
This is way too early to call obviously, but there is definitely potential that this double top comes in as the bulls are running out of steam here after getting rejected just below 39k a couple of times over a period of four days.
Everything you need to know is in this 4h BTCUSDT chart, and some larger time frames you can find here below👇 in my latest video🎬:
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advice.
Thanks for stopping by, I hope you liked my post, and if you did, please drop a like or comment, it helps me to
improve my ideas and puts a smile on my face! 😃🙏
Happy trading! ✌📈
BTCUSDT (W,M,D) Update on previous TA. Short to $29k ??Hi everyone!
Monthly Weekly Daily all looking still looking red " BTCUSDT still showing a strong Short move
As mention on my previous Ta BTC has gone down to my support to the support level mentioned. Earlier than expected, now possible moving side ways or falling even lover in the next few days.
Looking very bearish currently battling to stay up from this support level $33K , If failing to hold this support we might see it going back down to $29k $25K or even lower. All depends many things, some like the Feds news expected in the week ahead, also the news on Russia proposing to ban crypto mining has also added to this blood red weekend.
Unfortunately, most of the indicators showing red flags with bearish trends and from my personal point of view " Any open long positions should stay on hold until we see a potential for a trend reversal sign. Re-evaluated and a stop loss most be in place, if you are a HOLDLER better keep riding the wave and wait for the reversal to happen" to add more on to your positions.
Honestly all markets are red a the minute Not just crypto.
Also the most the big commodities are facing heavy pressure with the omicron variant.
Look at this way if the market wouldn't correct, there would not be a gap/space for investors to increase positions. All I can say is that is also healthy to see corrections and what goes down must come back up at some point. Who sold the top will want to buy the bottom so Don't worry!
"CCI+MACD still far from reaching bottom, meaning that we could keep going in a down in the short and medium term.
Not to mention the Double top pattern formed on the Weekly C
ALWAYS look for extra confirmation before making any trade.
Happy trading people,
Give as a like-follow-share if you like my idea.
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
BTC OUTLOOK STILL BEARISHi think BTC still bearish, as we know the price still under the kumo cloud, and i think it will retest to area 45 - 46 (as shown at chart)
then, if it success retest, i think the target price is on area (35,9 - 34,2) or for the worst case (29-26).
i didn't mean to share FUD but it's only my personal analysis, not financial advice!
Squeeze Momentum Indicator The momentum indicator shows the speed of motion of the symbol as it goes bull (positive) or bear (negative).
When the candle closes dark green on the momentum indicator on the weekly, the momentum turns bearish, and the price action doesn't turn around until it's dark red, which is when the bottom is in and it's good to start looking to accumulate for long term holds.
Very accurate at spotting when it's really a crash and not a dip . Will be looking at this at the end of this week.
This momentum indicator was made by @LazyBear .