Bitcoin CorectionHello Dear Guys
So in Weekly Chart bitcoin is on bearish which the corection will happend before halving so dont go allin into investing because we highly got a corection chance to see the RSI is high same on MSI etc etc..
its not a financial advice just be safe thats all i want for you guys thanks
Btcudst
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W
Rising wedge
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Entrance 31745
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Exit 18475
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
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At negative mood of trendsetters
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No nearby reports, speeches
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Bearish chart and candlestick patterns
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A pool of indicators signalling a downtrend
#DYOR
BTC/USDT BinanceBTC/USDT Binance
1H Hollow Candlesticks
Since the price broke the parallel ascending channel, we saw a rise of around 40%.
Currently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement and the Resistance level is at 38K.
Also, an ascending triangle has been formed, where the rule says that since the price entered from below, at the end of the triangle, the price will move up.
From an imprint of a previous movement (Bar Pattern / Fractal) we can theoretically assume a future movement that the price of Bitcoin will follow.
Market Cap: $1.42T +0.70%
24h Vol: $57.41B -27.66%
Dominance: BTC: 51.0%
ETH: 17.5%
Good Luck
CryptoHellas Team
BTC rising wedgeBTC UPDATE: BTC is currently forming rising wedge on 4hrs TF which is bullish channel and still in uptrend on 4hrs TF in as much we are holding 35.6k 4hrs bullish OB strongly…..
In as much BTC holding the support at 35.6k strongly on 4hrs TF we are good but any break of the bullish channel and break of previous lower low at 34458 will trigger the price to daily support at 31857.8 where the imbalance is so be careful and watch the BTC PA here…..
Expected price if 31.8k can’t hold after break of the bullish channel will be 28.8k, 26.4k and 25k but if we bounce with good volume from 31.8k means 40-45k should be expected…
Stay safe and watch the PA before making new move
Follow for more market update
BTC overview and ask for your altcoins BTC / USDT
BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest
what does that mean ?
– The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region !
– NOTE :
The price has filled the CME GAP at 35k
There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k
Summary:
My current bias now is bullish as long as we close weekly above 30k
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Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can
BITCOIN: IN HOURLY TIMEFRAME. BTC Update:
The daily close on BTC was below $30k which created a doubtful situation to re-analyze the chart. This time, let us analyze the BTC chart in an hourly timeframe to get a short-term view.
In this chart, we can clearly notice that BTC is following the rising wedge pattern. If BTC has to drop then we can expect it to reach the pocket support (shown in the chart). In a worst-case scenario, BTC breaking down below the pocket support will surely invalidate the chart and the price might reach as close as $28.7k.
Bounce back levels: $29.5k / $28.7k.
P.S. ~ A move toward $32k to BER:33K is still valid.
What's your take on this? Let me know on the comments.
Thank you for reading and trade safely.
Regards,
Team Dexter.
Bitcoin is trying to climb⚫️ We should always look for reversal patterns at the bottom and ceiling of ascending or descending trends.
Here, Bitcoin failed to form a lower bottom, on the other hand, there is a possibility of forming a twin bottom pattern.
🔴 It is too early to comment on this pattern, but the possibility of a one percent growth for Bitcoin is not far from expected, and after that we have to wait for the stabilization of the failure at the price of 27,000. has it .
On a platform...flying or falling??As you can see, an important break has been made, so there is a possibility of a pullback for a further drop.
It is possible that Polback to
🔵 An important area that
🔴 is a static resistance and also to the 4 hour channel floor and also to
Have an hourly channel midline
And the two moves ahead
🔵 growth up to 5%
Drop up to 5%
May happen.....
But which one is stronger?
There is definitely a stronger chance of falling, but let's not forget that
Today we have important news
We are still moving
and the possibility of accumulation of losses
They may cause growth.
Therefore, it is better to watch than to see the reaction
BTC - 12/10/23Bitcoin looks lost in this area with nothing much other than a tap of the $25600 FVG looks likely, we might push up to the $26930 area first to tap into that FVG left from the fall yesterday but other than some good news the CPI and FED announcement could send this down fast if bad news is posted!
Bitcoin and the possibility of falling more to a conditionToday's news is very important, this news can cause more growth of Bitcoin, so if the news is positive, this analysis will be invalidated.
But according to the technical analysis, there is a possibility of more return and fall for Bitcoin.
This return may happen in the 4-hour time frame, but there is still hope for a return in the daily time frame because the downtrend has broken and the 200-day moving has not been established yet.
In general, if we want to ignore the news, we can have more possibility of fall for Bitcoin
$BTC Had a Strong Rejection from Yesterday's $28k Price TargetYesterday I discussed $28k being a resistance target on this move up, and today BTC had a strong rejection at this price level. I think BTC is currently forming a dead cat bounce, and I see the price trending down lower. I see the light blue trend line as a price target, but there will likely be bounces at the white support zone before dropping lower.
Will this bird learn to fly?Yesterday's analysis remains valid.
In today's analysis, which you can see in the hourly time, the possibility of growth is stronger.
On the other hand, three support ranges have been identified, the most important of which is 27,200.
Let's not forget that in an upward trend we are not always with the upward trend.
Therefore, the possibility of the price falling to the bottom of the ascending channel is not far from expected.
This means we should place the stop loss below the channel at a static support.
Because the pollback has not been completed in the daily time.
If you want to introduce your currencies so that I can analyze them for you, I will be happy to share my opinion about your currencies and exchange ideas.
Also, I will be happy if you follow me and I will get energy to continue.
Bitcoin and a hard decision...Is this a growth and failure fic?
Has Bitcoin entered an uptrend?
So far, the analysis that we presented 11 days ago has been implemented exactly.
But the failure of this downward trend has not yet been established, so there is still a possibility of falling. The stabilization of this failure should happen after the green range, so it is better not to rush.
If this green range is broken, there is a possibility of a sharp growth for Bitcoin up to 29,000 and also 30,000.
BITCOIN correction to the downside ❌🧨Hello 🐋
based on the chart, the price is close to channel resistance ✔️📚
main target is
more correction to the downside, at least close to 24k is our main target ❌🧨
and
range candlesticks to the upside and downside before any other sharp movement is logical 📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Falling again..??Bitcoin is close to its ceiling in the daily time, there is still a possibility of a 3-5% growth for Bitcoin, but in the 4 hours time, we have a corner pattern that coincides with the ceiling of the channel in the daily time.
Of course, there are still no signs of falling, but according to the aforementioned analysis, the possibility of falling for Bitcoin is not far from expected
We have to wait to see how Bitcoin reacts to the support area with the yellow box
Bitcoin on a downward slopeAccording to the analysis of Bitcoin, we are witnessing the decline of this digital currency.
After breaking our support range, as we said, we are now facing Polk to this range, this growth can signal a sharper fall.
Support and resistance ranges are examined in this analysis.
The possibility of a crash for BitcoinDivergence can be seen in Bitcoin, this means waiting for a drop, but nothing is certain in this market, these are just more possibilities.
Reaching the ceiling of the channel, reaching static resistance, and negative divergence indicate a fall, but when will this fall stabilize? And on the other hand, is it possible to grow more?
In this technical analysis of the digital currency leader, Bitcoin, we examined this currency.