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Btcdump

Bitcoin at strong Resistence zone with FiboBINANCE:BTCUSDT.P BINANCE:BTCUSDT KUCOIN:BTCUSDT BYBIT:BTCUSDT Bitcoin Technical Analysis Update The recent weeks have seen a remarkable performance in Bitcoin, driving significant attention and speculation about its next movements. However, as with all financial markets, dynamics are subject to change, reflecting the constant ebb and flow inherent to trading environments. Upon reviewing the provided chart, it's evident that Bitcoin has deviated below the ascending parallel channel, typically indicating a potential downturn or market correction phase. This observation aligns with classic technical analysis principles, where such a breakout often signals a reversal of the prevailing trend. Further supporting this perspective is the application of Elliott Wave Theory. The analysis suggests that Bitcoin has completed the 5th wave in its impulse wave pattern. Historically, this phase precedes a corrective stage, often delineated as an ABC correction or a more intricate WXYXZ correction. This theoretical framework offers a structured approach to anticipating market movements based on investor psychology and price action. The chart delineates several key price levels that merit attention. These include significant support and resistance levels, which have been historically proven to influence Bitcoin's price trajectory. Notably, the Fibonacci retracement levels at 0.382 and 0.618 are highlighted as potential areas where the market may pivot or stabilize. These levels are renowned for their reactionary nature in trading, serving as benchmarks for entry or exit points. The current projection suggests a downward trajectory towards the 0.618 Fibonacci level, aligning with the inherent corrective pattern anticipated post an impulse wave completion. This level, coupled with historical support and resistance zones, provides a foundational basis for setting strategic trading parameters. In summary, while Bitcoin has showcased an impressive rally, the underlying technical indicators suggest a forthcoming correction. Traders should closely monitor the identified support and resistance levels, particularly the 0.618 Fibonacci retracement, for potential market responses. As always, it's crucial to approach trading with a balanced perspective, integrating technical analysis with comprehensive market insight.
Short
by YokubjonUmedovich
1
Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video) Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage. There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it Thanks for all your support
BINANCE:BTCUSD.PShort
by pcmonk
BTSUSDT - is btc going to crash again??We can expect dump again on BTC as you can see a Decending Triangle formation on 1D interval. The support zone of this pattern is around at 18200 to 18500. in my POV if btc don't managed to hold this support and unfortunately broked than we can easily expect 12500 levels. Don't jump blindly on this trade wait for breaking of support and after plan your trades accordingly. Note: if BTC managed to hold this support zone of 18200 to 18500 for atleast 14 days than ignore this setup.
BITSTAMP:BTCUSDShort
by Azee321
2
BITCOIN.DOMINANCE 2DAY UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BTC .D UPDATE:-BTC.D bounced from the horizontal support, currently facing local resistance and trying to break it. An upward direction is expected if it successfully breaks out the local resistance. If it happens then we've to be cautious with ALTS. Another possible scenario is a continuous rejection that would lead to the formation of a double top pattern, which would give a relief rally in ALTS. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
CRYPTOCAP:BTC.D
by CryptoSanders9563
2
BTC bearish flag on board #BTC/USDT $BTC broke down from 4h and daily ascending channels. and drop almost as high as the bearish flag pattern. 🐻 as the broke of daily channel has confirmed so daily channel as a bearish flag can drop price toward $10k and $8k. but maybe till the end of this week there will be another sideways move between lower lines of daily and weekly channels. 🐻🐻 close a weekly candle below weekly channel will confirm full control of bears on the market and huge downtrend toward $10k and $8k.
Short
by parissap
12
Btc will dump?Volume like bullish. Because of many touchs to tr lineand fib 0.618 level and many fake break outs from up line when my pale line breaks I gonna open short. And don't forgot to open position you should have your risk table. For example if my line breaks and my rsi bellow midline of bb and line of 50 and tether.d be bullish and don't have any divergence in rsi,I gonna open short with high risk. And if price breaks up dark line I gonna open long with my risk tabe. Thanks for follow,boost and comment
by Farbodkbr
Buy btc?Hello. For open position you should have a personal risk table. For example I open position with 0.5% risk when price breaks any line in first touch and 1% risk when it breaks in twice touch and 2% risk when it breaks in third touch. In position 1 my stop is so much. In position 2 my stop is under the last pivot if it is long. In position 3 my stop is under the candle shadow which broke line.I think best time fir buying btc is when price in 4h could break dark blue line. Thank you for follow,boost and comment.
by Farbodkbr
Btc to the moon?be carefulShort:price should touch line again if after twice touch it breaks you can open position low risk and set your sl back of last pivot. If after third touch price breaks line you can open position with more risk and set your sl back of break candle shadow and your target can be next sr line. Long:price touched line 3time it's good and you can open risky position with low risk after break line but I suggest you open your position in pullback to line or in break last high after price broken sr line.You can set your position in setup 1 back of last pivot and in setup 2 and 3 you can set sl back of shadow of break candle. Don't forgot you can open long setup 1.2 and 3 if rsi breaks dynamic line. And never trade with whale candles Thank you for boost and comment and spending time for read this article.
by Farbodkbr