Btctechnicalanalysis
Bitcoin wants it higher but bears dontBitcoin\1H consolidating after breaking the down wards parallel channel and making a new extreme to the upside ~23.6.It could go up to ~24.1 where a big liquidity cluster is and come back down after that.
**Next stop for bitcoin could be around 20500 where the CME Gap is**
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We yet have to see a flood down to around 20K or even 19K. With SPX testing the biggest resistant line as a support ,today after a retest it will lose it and flood down thus btc will follow .
Bitcoin Continues Fake Pump Ends SoonBitcoin/1H afer it did a stop loss hunt at 22.7 it found support and came back to 23K where it did a break of structure and exited our down side parallel channel (two purple lines) resulting in a leg to the upside.
Its Planning to do a liquidity grab untill ~24.2 with a possible wick up to 24.6 depending on the momentun and the volume for the rest of this ride
after that it will not only retrace back but further down maybe even filling 20K gap on CME.
Chance of a great short from 24172 to 24.6
BITCOIN ABOUT TO BREKOUT OR FAKE OUT!- As we can see whenever BTC broke the trend line to the upside a BULLRUN started!
- The same could happen again, let's wait and see.
- How-ever with everything going I believe that it could breakout touch ATH again and then crash again causing HUGE FEAR into the market to FUD out all retail investors to sell to the elites at a discounted price and then once BTC reaches the peak AMATUER AND EMOTIONAL RETAIL INVETORS will buy at the top!
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARCH - ONLY INVEST WHAT YOU'RE WILLING TO LOSE!
Making a million - stage 2!To make sure the project has order, it would be wise to dedicate a page for each stage of the project. Stage 2 is now in action: trading within a range of 600-1,500 USD. Accordingly, I will provide my TA on this page with entry and exit points until I move to the next stage. Let's start!
BTC Short Trade Update - Is the Dump over!? Relief incoming?BYBIT:BTCUSD CRYPTOCAP:BTC BINANCE:BTCUSDT COINBASE:BTCUSD
BTC Short Update - Is the Dump over!? Are we about to have a relief Rally?
I go through why I took a short trade before the dump and why I stayed in the trade. See one of the reasons for the trade here:
Also look at a possible reversal area and the scenarios that could play out.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
BTC/USDTInverse Head and Shoulders Chart Pattern
Inverse head and shoulders is a trend reversal chart pattern and are the opposite of the Head and Shoulders one. Theoretically, the height of the two shoulders must be the same, and the neckline – be horizontal.
However, the shoulders are often not of the same height, or the neckline ascends or descends. The price objective of this pattern is equal to the height between the top of the head and the neckline.
BTC/USDT(Rising Wedge Pattern)
The rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish
What's around the corner for BTC from Elliott & Wyckoff on 1D?!My TA on 1D is based on Elliott and Wyckoff pattern.
I did not include any indicators for this TA as at this time they do not show any confirmation for the price reversal. This may take a few days given today's drop. Therefore, there is no need to disregard a possibility of a price falling further down to around 40,300 USD or even to 33,500 USD. It may happen!
However, currently the price is bouncing off the local descending trend line in black colour and also off the blue colour line. The vertical volume shows divergence against price for the last 5 days (see the last 5 red candles). Along with its yesterday's longest red candle such action indicates a price reversal.
I will update this TA as price action moves along, so keep track of it!
BTCUSD Technical Analysis 20/7/22Previous trade played out beautifully, We broke out of downward MM channel, my hypothesis is that 16k was the bottom as seen by the bounce off ob and previous bull high. We should likely see a retest/momentum reset before a HUGE bart up signifying a brand new bullish cycle. Cam't wait for this and as always, safe trading muh hombres ~Cas
BTC/USDTDescending Broadening Wedge
Descending broadening wedge is a type of wedge pattern. A wedge is a structure or pattern with one thick end and one thin end.
In the case of descending broadening wedge, the starting point will be a narrow end, and the ending point will be a thick end because it shows the expansion of the price wave.
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chart that BTC is trading sideways currently and stuck between the price level of $29k - $31.5.
Currently, BTC trading on a local support level which is $30455, and a moron green candle are likely toward the upper resistance level.
If we consider the whole structure, Cleary observed that until BTC breaks this pattern towards any side up or down, the next move can’t be predicted.
In the short term, BTC will move upside towards the red resistance zone now.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC TO $100K by JAN 2023 ?- How I see BTC playing out is it goes up reaches its all time high, breaks above and closes, retests the resistance which now becomes your support and then btc goes higher.
- I still own 0 BTC as the ROI is shite, I am fully invest in XRP, XLM, XDC, QNT, AGIX & CASPER.
- NOT FINANCIAL ADVICE!
#BTC/USDT 1HR CHART UPDATE !!Hello, traders welcome to another BTC/USDT chart update.
As we can observe from the above-mentioned chart that BTC is trading inside the triangle pattern on a green support zone or the lower trend line support in this hourly chart.
Here RSI moving upside and MACD already printed bullish cross over.
25min remains for a candle close, here BTC needs a candle close above the red dotted resistance level and needs a break above this triangle pattern.
Break above and retest to this triangle pattern will lead BTC to gain some green candle towards the upper resistance level at the price level of $30600.
A candle that closes below the lower green support zone will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTCUSDT : IS THE STORM OVER ??Hello !!
Welcome to the quick update of BTCUSDT. As of now, we saw that BTC pumped until 30600 all the way from 26700 thereby pumping the altcoins.
In my opinion, we are still very uncertain as this might end up being a trap for everyone. I suggest everyone wait until it breaks 32000 and then we might see some bullish momentum. As of now, 32000 seems to be the first resistance. We also need to wait for the weekly close as I discussed in my last chart as that will decide if we can go further down or stay above 32000.
There might be one scenario of BTC retesting the 32000 and again taking a dump until 29000 or the other scenario might be it crosses the 32000 mark and touch the 33700 level. The various scenarios are shown in the chart.
The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations.
As of now, please do not take any trades else you might end up losing your capital.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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BTC Short PostionBTC is Still in DownTrend. And Till Now We dont see any Trend Reversel Confirmation. Based on That Here is My Idea on BTC.
After My Study here is The Price Levels on 3 TimeFrames Analysis. And all The Target What can Touch BTC Before Reverse The Trend.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
Not A Financial Advice
27500 Coming ? BTC UPDATE 💎 BTC/USD 💎
BTC update :
1h time frame !
27500 once again ?! We Will see ..
what do you think ?
BTCUSDT DUMPS : ALTCOINS BLEED BY MORE THAN 50 PERCENTHELLO !!
Welcome to the quick update of BTCUSDT. in the last few days, we saw BTC dumped badly after it broke the immediate support of 33000 and 31000. As of now, it is trading at around 27600 and is down by almost 19% from last week. As of now, it needs to push the price above 29200 in order to move up in the weekly timeframe.
If the weekly close is below 29200, we may see BTC dump more until 19200 and then take a U-turn. As of now, everything is uncertain, Altcoins are also taking a major hit and are down by almost 50%.
As of now, I would suggest everyone stay calm and be a spectator in the market, let the market make the move and when the time is right, we may take entries but it is better we wait now and have patience and save our capital.
As of now, please do not take any trades else you might end up losing your capital.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
BTC Bounce Or die .. here we have two possible scenario ,
i don't want to change your opinion but you have to know that when and where to buy ...
i want to use this off !
we have strong support here in this zone ( 28 k - 30 k ) so we have to hold it and if its the case , we will see new cycle (new bullish cycle) . but if this support break , price can hit 20 k ...
so its your choice , be careful and don't panic ! and know that who will gain profits when you are selling at these levels ...
BTC Daily Analysis! Bullish Triangletoday we are looking at BTC on the daily chart and we see a bullish triangle we ae currently breaking out of and we are trading still within this sideways box. We have a ton of open money sitting in multiple spots above and below the current price action. On the top and bottom sides of the bullish triangle we have money building up on both sides and we are currently breaking to the upside. My thoughts on this particular pattern is that it could quite possibly be a retail trader trap. We have lots of downside liquidity waiting to be taken out and what we could see here is a fakeout to the upside like we may be seeing right now before shooting down taking out bottom side liqudity before bouncing back to the upside and going for all of that liquidity. The reason why i favour this scenario is because it would cause max pain for retail traders and paper hand investors, another fast spike down would wipe out money and also strike massive fear into the eyes of investors. We have a red box drawn that shows a major level of resistance, we have the 236. FIB level we have the Pivot point and the R1 resistance, we do also have multiple EMA's in that zone aswell but i don't want to clutter the chart. On the upside we have a clear Imbalance shown by the green box that at some point will need to be filled. Finally a good target will be around 47.7K at the top of our box, we have been stuck within here and a break and close above that level will likely give us some major momentum to continue moving up! Not financial advice just my opinion!
BTC bullish divergence Looking at Bitcoin on the daily timeframe we notice what we have been talking about the past 2 weeks is continuing too play out beautifully! We are respecting our uptrending line very well! We had a slight wick underneath but just like before we have held on perfectly with 0 closes underneath this level! something I noticed on the daily chart here with the RSI was a crystal clear bullish divergence! we had a higher low on the RSI and a lower "high" on price action, either the candle i have marked or our current daily candle could count, the only way for the current daily candle too invalidate the bull divergence would be by creating a higher high from the first point which is very unlikely too happen before our daily close! Now lets look back in time a little bit, if you guys noticed i have the exact same thing drawn out from FEB 19 to FEB 26th, we had a fall down too our trendline, held it, and then went on too create a bullish divergence that looks the exact same when we were in the accumulation phase! Lower high on PA and a higher high on the RSI. Now what happened following that bull divergence!? we flew up with a big institutional candle pushing us up for another leg! Now i am looking for something similar too happen here, we have held our uptrend line and retested mutliple times, we have created a bullish divergence! Now its time too play the waiting game! Not financial advice just my opinion!! PS. Everyone viewing my stuff on tradingview apologies for the lack of content i have been focusing on trading and putting content out for "friends" can't say much or ill get a strike on tradingview lol message me if you want too talk about that further, have a great night! talk soon!
BTCUSD Update! Breakout!!Leave a like/comment if you enjoyed! Update from the previous charts posted for BTCUSD Daily timeframe! Have a great night everyone!
