$BTC Daily UpdateCRYPTOCAP:BTC struggle gaining $29,199 support, $29,483 resisting, Current support at $28,938. Weak volume, average RSI on 4h and 1d, will continue sideway for short term.
Btcsignals
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $29,742 resistance in effect and testing, $29,483 support yet to be tested. Last 4h closed bearish, Bullish engulfing with bullish hammer on previous 1d close, Follow thru can help take $30,002 support.
Bitcoin the closing monthly options worth 2 billion, July 28I closed a short position on Bitcoin, a high chance of a rebound to 30,500 - 31,000, after which we will continue to decline to the levels of 0.618, I indicated a wide area on the chart. Now the volume indicator indicates strong buyer pressure at all time frames.
$BTC Daily UpdateCRYPTOCAP:BTC Back on $29,199 support with bullish engulfing signaling reversal on 4h Yesterday. Avoided dump following bearish pin bar on 4h, looks good on $29,199 key support area. 1D closed with bearish pin bar, required $29,742 support.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke below $29,199, struggling to regain $29,199, expect resistance here. Put bearish engulfing on 1D as warned yesterday. Current support at $28,938, if continues to drop next key support to watch at $28,590. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $29,742 retested following bearish 4h close as expected, 1D closed with bearish pin bar. Daily volume dropping, RSI looks fine on 4h and 1d, expecting sideways movement little bit more here, $30,282-$29,483 range.
BITCOIN Near the 1D MA50, ready for a pump to $34000Bitcoin (BTCUSD) has been consolidating for nearly a full month (since the June 23rd High) and the 1D MA50 (blue trend-line) is only 1000 points away. Since the bullish break-out exactly at the start of the year, BTC has used the 1D MA50 as the short-term Support and more specifically the bounce level before each Higher High.
As you see on this chart, the movement since the start of 2023 has been fairly Cyclical, a Higher Highs rejection starts a correction, which when the 1D MA50 breaks (1D candle closes below it), extends towards the 1D MA200 (orange trend-line). This sequence current has the last Higher High to give and we expect to start any time. Our target is $34000.
Do you think the 1D MA50 will hold or break? Feel free to let us know in the comments section below!
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC $30,282 resisting, support at $30,002 to be tested, current 4h looking ugly, could put bullish engulfing on 1D if followed thru previous 1d close, $31,010 support is must. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $30,282 support testing, been struggling here for more than 48 hours, $30,002-$30,282 current support range. Previous daily closed neutral, could put bearish or bullish engulfing today, watch given key support areas.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $31,372 support in effect, CRYPTOCAP:XRP news gave the required push thru $31,372 yesterday, $31,861 resistance rejected, doji on last 4H, bullish engulfing 1D close requires follow up today. Next resistance $31,113. Support $31,372 looks fine, $31,010 could be key support.
BTC looks Good For Next MOVE Bullish Rectangle
After an uptrend, the price paused to consolidate for a bit. Can you guess where the price is headed next?
If you answered up, then you’re right! Check out that nice upside breakout right there!
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Nice attempt yesterday to gain $31,010 but failed with rejection, Last 4H closed bearish, current 4h with very low volume. 1D closed bearish, current support $30,282 at risk. $30,623 initial resistance, RSI looks fine on 1D and 4H.
BTClooks like a text book 5 up channel extended wave 3 pattern with the target for wave 3 between the 786% of 2021 highs and as the 1.618 of the wave 1 fib extension.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC resistance at $30,282 as expected, unable to gain support $30,282. Too weak volume, RSI looks fine on 1D and 4H. Avoided follow thru to bearish close from Thursday on 1D.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Back to $29,742 support following $31,372 test rejection. Ugly bearish wick on 4h yesterday with follow thru. $29,742-$31,372 range maintained with $29,742 being key support, 1D closed poorly bearish, expect resistance from $30,282. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Current 4h looking mighty good, approaching $31,010 resistance. Previous 4h closed good, 1D close also looking good. RSI at 54 on 4h, and 64 on 1d. Current 4h with good volume, expecting test. $30,623 awaiting test for support.
BTCUSD AnalysisBitcoin on weekly supply zone resistance, after rejecting from it the first time, obviously bitcoin is at the zone the second time, seeing the momentum weekly candle, Bitcoin might retrace 50% of the momentum candle.
the possibility for bitcoin to take out the weekly supply zone(sell zone) is 50% compare to possibility for Bitcoin to retrace 50% of the momentum candle is 75%.
the best location to trade Bitcoin is at the 50% of the momentum candle to go Bullish in to the weekly supply zone.
Also note that the weekly bias for Bitcoin is bullish (on ascending trend line)
$BTC Daily UpdateMIL:BTC #BTC as warned broke $31,010 support, back on $30,623 support with $31,010 resisting. 1d closed fine avoiding bearish engulfing. 1D and 4H RSI looks good, $31,372 needed as support to avoid fakeout.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC tested $31,372 as expected😎, resistance here is obvious. $31,010 support testing with bearish engulfing forming on current 4h and previous 4h close with bearish pin bar. Support $31,010 remains at risk, 1D followed thru to bullish pin bar from Sunday beautifully!
$BTC Daily UpdateCRYPTOCAP:BTC #Bitcoin looking good on $30,623-$30,282 support area, RSI at 56, 1W closed fine. Daily closed very good, expect $31,372 retest if followed thru today.
BTCUSDT can ascend further!➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern and Pullback is complete it. means price can rice to top of channel.
🌟 Bullish signals in the PRZ area are:
- Dynamic Support
-Broadening Wedge
⭐ Note if the Dynamic Support is broken downwards with the strength of Bearish candles from the bottom , this analysis of ours will be failed.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Hi, I see A very good Swing tradeHi, I see A very good Swing trade opportunity
Risk Reward is very good Risk to reward is almost 7 times
good luck every one
$BTC Daily update#BTC CRYPTOCAP:BTC Bullish engulfing on last 4h close, current 4h attempted to follow up but currently with a wick looking ugly. $31,010 resistance holding, $30,623 support testing. Less than 2h to close current 4h, must close above $31,010 to avoid $30,282 support test.
