BTC Support off 60K? : 62250 Confirmation needed30 Min Supertrend / Ehlers VIDYA Stragety.
Significant touch back to 60K price level.
BTC failed to make a NEW all time high after the 73.6k new all time high was achieved.
Upon failure, new lows have continued to 60k.
30m Stragety signal shows support @ 60k touch.
Stragety signal and NEW UPtrend will confirm the 60k BASE, with a Heikinashi close @ or above the trailing cloud line (Ehlers VIDYA) - currently at the inception of the signal at 62250.
62250 confirms 60k BASE.
Btcsupport
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.
BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC /USDT
TREND ANALYSIS
We have 1 Downtrend in red color .
We have 1 Uptrend in Green color .
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Not Financial Advice
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BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
$BTC Bullish after potential breakout and re-testBTC Successfully retested its previously broken trendline on the 12H timeframe. I expect BTC to try for 52K to 55K within a matter of weeks. Powerful reversal bar touching the now broken trendline is bullish IMO.
Both RSI and CM William Vix indicate potential reversals in the market near support zones serving as a signal for potential predicting a market continuation or reversal
*Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.
BTC still making higher highs and higher lows.BTC trying to find support here on the confluence of horizontal level and long-term bull trendline, on massive fear.
It's interesting how they produce so much fear near support levels.
The bigger picture: Trend still bull, BTC Still the following fractal that pointing to the much higher prices.
BTC Super Strong Support ZoneAs you can see 41k is the confluence zone between 4h uptrend line(green line), broken daily downtrend line(blue line) and one of major resistances of BTC(gray line).
Probably this is the zone that a lot of traders going to buy bitcoin. Also the return to this zone can interpret as a pullback to the broken daily downtrend line.
BTC Inverse Head and ShouldersHello!
I think Bitcoin is now head and shoulders pattern inverse. And now waiting for pump if bitcoin go up! We will see another shoulder.
We will go strong up trend.
1. Go to 60k Bitcoin!
2. Go to Support range.
BTC About To Make New Highs?Cryptohopper Newsletter
Market Analysis
Bitcoin is, for the third time attempting to break the resistance between $10,000-$10,500.
Breaking this resistance will mean making a new high for BTC this year.
Based off of the previous bull run, we could expect the next resistance to be at $12,000.
Should this resistance hold, we could see the price dropping to $8,500 and then even further to $7,500.
We have slightly adjusted our uptrending channel from our last analysis. If the price respects this channel, BTC should break above $10,500 no later than the 22nd of June . BTC could, however, break this resistance even faster.
Make Or Break [ | Support Above 9.1k or 8.3k is Inevitable | ]As you can see, we are bouncing off of our major fib. The two most vital levels, for this to not dump sooner than later, are above the fib (red line) and above 9090 which has acted as great support in the last weeks - and most recently, has been a huge resistance that we have not been able to get past. The next major support if we can't hold here, is just above 8.3k. I expect the dump to be quick and without much warning. If you're holding bitcoin or trading, these are the time you need to be monitering your charts!
Deal Breaker ZonePurple line and white line are being respected as great res and supports. made some great profits off using these two alone. To remain bullish, I would like to see us continue to use these lines as support and not just that, but get enough momentum off of them to get past and find new supports above 7k.
BTCUSD Bitcoin Break Out!Bitcoin USD has broken out of this bearish pattern of the lower highs and lower lows, support has been established at 9507 this is where a bottom has been set on the 4 Hour chart where we had the breakout. And on the daily we have also broken out with a green candle on the daily.