$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 holding as expected, $26,650 test likely. Last 4H followed thru to bearish pin bar close. Bearish engulfing forming on current 1D. $26,333-$26,650 support to watch
Btcforecast
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.
💥 BTCUSD 4H-TIMEFRAME ANALYSIS💥 BTCUSD 4H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥 Bitcoin
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
💥 BTCUSD 1D-TIMEFRAME ANALYSIS💥 BTCUSD 1D-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥 Bitcoin
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
💥 BTCUSD 1H-TIMEFRAME ANALYSIS💥 BTCUSD 1H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥 Bitcoin
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 resisted, $26,963 support in effect. Last 1D closed bearish. $26,650-$26,963 current support range. $28,298 required as support to avoid fakeout at $27,994.
BTC FALL BASED ON GAP AND H&S AND TRENDLINE.The good thing that is happening is that the head and shoulders pattern has been confirmed and the acceptance of the fall of Bitcoin has become accepted in the society and the fall will definitely continue until the trend line.
TP1@25381
TP2@20486
1. H&S CONFIRMED.
2. TRENDLINE CONFIRMED.
3.MARKET READY AND ACCEPT FALLING.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:28 ,298 support in effect, HKEX:28 ,781 resisting as expected. Last 4H closed bearish. HKEX:29 ,199 support must be regained, Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Dived to HKEX:28 ,298 breaking HKEX:29 ,199 support. Should be able to hold HKEX:28 ,298 support. Today's daily candle following up gravestone doji from last 1D close. Initial resistance HKEX:28 ,781.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Not looking good on current 4H, HKEX:29 ,483 resisting, Current support at HKEX:28 ,781. Saved on last 1D close. HKEX:29 ,483 support needed to retest HKEX:30 ,002.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:27 ,994 resisting as of now, support at HKEX:27 ,478. Bullish engulfing on last 4H close, current 4H looks fine with 28 mins left to close, HKEX:26 ,650- HKEX:26 ,333 test possible if breaks HKEX:26 ,963. HKEX:28 ,298- HKEX:28 ,590 next resistance area to watch
In my opinion, the next ascending peak will be around 36142$.I haven't learned Elliot Wave Counting, but I think Bitcoin's movements are in the third wave. The recent down move is definitely a correction and it will be at least 50% Fibo bearish until the price of 24755 as it should reach the trend line. Even if you check the Ichimoku on a daily basis, you can see that the price has to reach the first Tenkensen, but if 24755 is the last point of decline, which I think, then the uptrend will start at 24755 and the next bullish peak will be. It will be equal to and about 36142. So we will have an ABCD pattern.
Good luck
$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:28 ,298 resisting, on HKEX:27 ,994 support. Daily closed following up to bearish engulfing from Wednesday, Must regain HKEX:29 ,199 as support to resume previous climb.
BTC bearish scenario
BTC has broken the rising wedge and also made a bearish divergence in RSI - Your views, please?
TheKing Ways Up- Some Traders are still waiting for lower prices.
- But to go lower BTC must first go higher.
- TheKing is in transition phase : " Bearish to Bullish ".
- Some retracements have to happen on the way up.
- Some Fuds have to happen on the way up to create those retracements.
- Today CPI results could impact a bit the trend ( Stocks + Cryptos ).
- Notice on the Graph MA50/MA20 (4D) will cross up soon
- Those MAs will create some new support zones.
- This Graph is just based on comparison between 2018-2020 // 2020-2022 and an eventual " Story Repeat ".
- Covid19 Black Swan included.
- Just follow the Circles and keep it simple.
Happy Tr4Ding !
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Regained from HKEX:29 ,199 support helping most alts to gain key support. Current 4H struggling to follow thru bullish engulfing from last 4H close, 1D closed good with bullish engulfing, time to see if it will follow up. HKEX:30 ,623 resistance holding.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last daily closed bearish, current 4H looking very good with bullish pin bar has 5 mins to close. HKEX:29 ,199 support in effect as of now, HKEX:29 ,483 initial resistance, HKEX:29 ,742 support needed to reattempt at HKEX:31 ,010.
In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market.
The weekly candle turned green for the first time in 60 weeks.
The last time this happened was in may 2019, kicking off the bull market of 2019-2021.
Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks.
Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
BTC Short from 29200 BTC is gonna dump hard from the 29200 area. BTC is making a rising wedge and now testing its lower line of it. It can dump hard from this area I believe
