BTC EMERGENCY !!!After the postponement of Bitcoin tradable funds, we saw the market fall to the $34,800 area, which is currently correcting its previous wave.
Apart from the fact that this news had a negative impact on the market and some people started giving bearish strategy ideas, but the mood of the majority of people is positive for the growth of Bitcoin.
As I explained in one of the previous analysis, the reason for the fall of Bitcoin if it happens, I decided to do another bearish analysis, which I hope will fail like last time.
If Bitcoin can recover the level of $38,000, there is a possibility of growth and failure of the analysis.
But if Bitcoin loses the level of $36,000 and the weekly candle stabilizes below this price in 2 days and 7 hours, we will see the nature of the market change to a bearish one.
Btcsell
BTC will continue to rise next weekBitcoin (BTC) is up over 120% since the beginning of the year, showing that sentiment towards the crypto asset has improved significantly. Due to the large volume of purchases, the number of wallet addresses holding more than $1 million in Bitcoin this year has jumped from 23,795 on January 1 to 81,925 now, according to data from BitInfoCharts.
After a significant price rally, Bitcoin could face headwinds in the short term as investors digest macroeconomic data and events taking place this week. The Consumer Price Index will be released on November 14th, followed by the Producer Price Index on November 15th, which could lead to short-term fluctuations.
Short-term retracements are healthy for long-term market trends.
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉
And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven".
🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come.
Given that today the price has returned to the ascending D1 Channel, several scenarios are possible:
🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity.
🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity.
In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰
The market is always unpredictable. 🔥
And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility.
CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
Bitcoin | Fundamental and technical analysis for July.Hello;
1. There is a negative divergence on the RSI on the Bitcoin weekly chart.
2. There is a bearish shark harmonic pattern on the Bitcoin daily chart.
3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall.
4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one.
5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this.
6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart.
7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment.
8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart.
Good luck everyone.
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.
BTC Short Idea, ABC, Head and Shoulder and Double Top.What do you need more to go down :))))
This could be a nice example: OKX:BTCUSDT.P
BTC Short Scalp
EP : Limit Order - 27700
TP: 25200 ,
SL : 27850
If you are interested to start leveraged trading, why not practise your trading strategies on TradingView. So what are you waiting for Trade like a pro on OKI and connect with TradingView. ;)
BTCUSDT Price PredictionAs we can see on the 4h chart a down spike that overshot the upper bollinger band has been followed by a deep correction which failed to reach the upper bollinger band.
A second sell off is expected to test the low of the spike and/or the lower bollinger band.
A conservative and safe target could be the level of structure along the way which has been shown by the yellow rectangle.
BTC Price Action and Behaviour Analysis (Multi timeframes)First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel.
One thing to notice here is that Price did a fake-out on 10 March by making a LL and then continuing in the previous direction. It was to liquidate the retailers.
Now let's talk about the retracement levels of the BTC. The first bull rally was till 24k and then we saw a retracement to 0.68 fib level. Then we observed the second bull rally up to 25. The time period from one HH to the next HH was 22 days.
After that, we saw the LH which goes to 1.41 fib level. Then the next HH took 32 days to reach the 32k level.
Now the BTC is in a small distribution phase before jumping into the next HH.
1H Analysis and Bisa
Price is testing the parallel ascending channel's support and RSI is around 38. Now the most likely scenario is that it will test 28665 in a day or two. So one can go long from here.
One the bigger picture, the price can go up to 30k than 31k and 32k respectively.
Will overbought Bitcoin breakdown?Bitcoin - 24h expiry - We look to Sell a break of 27098 (stop at 27981)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Trading within a Bullish Channel formation.
A break of the recent low at 27206 should result in a further move lower.
A higher correction is expected.
Our profit targets will be 24925 and 24525
Resistance: 28200 / 28500 / 28900
Support: 27600 / 27200 / 26800
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BTCUSDT Are You rdy for SELLHello to all my dear friends, I have done a bitcoin analysis for you.
In this analysis, we want to take the sell of bitcoin, and our entry point will be $16,712, as well as the desired targets, $16,472, $16,097, and $15,591, the loss limit that we have determined. It is 16,788 dollars.
Also, we will enter into this transaction with 50% of the original capital.
Good luck, dear Manouchehr Azar.
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
BTC 18K Broke As Expected...! Next Stop 12K ???As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as that is where the bullish leg up started.
I will be looking for BUY signals at this area we could even get a flash drop too this area as there will be demand at 12k and below
As in most things in life and in the universe the higher governs the lower trading is no different, the major moves and most volitilty is on the bigger charts, prices on the lower timesframes simply ebb and flow to meet higher timeframe targets. You should always know what is happening in the bigger picture charts as it's alot easier to spot where smart money targets will be.
Read my related post on what I wrote.