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Bitcoin (BTC) Cup and Handle Formation Targeting $35k - AwaitingHelloooo BloodGang! 📈 Chart Analysis: Cup and Handle Formation: Bitcoin has been forming a classic cup and handle pattern, which is a bullish continuation signal. This is a large pattern , and it's still playing out. If the pattern completes as expected, we could see a potential target of around $35k for Bitcoin. Pennant Formation: Currently, a pennant pattern is forming just above the breakout level of the cup and handle. This is a short-term pattern, and we expect a breakout within the next 3 days. A successful breakout to the upside would confirm the bullish bias and support the $35k target. Alternate Scenarios: If the pennant fails to break out within the next 3 days, we might see the development of a larger pattern or a drop down to the Anchored VWAP (AVWAP) level, as mentioned in previous analyses. 🎯 Entry, Stop Loss, and Take Profit Targets: Entry Point: Consider entering a long position upon a confirmed breakout of the pennant pattern. Stop Loss: Place a stop loss below the recent swing low within the pennant. Take Profit: Set a take profit target around $35k, which is the projected target of the cup and handle formation. 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favour. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. 👉 Follow & Connect: Do give me a follow so you get these updates in real time all the links you need will be found on my TradingView profile :) Happy trading!
BITSTAMP:BTCUSD
by mammamia2
BTC Pattern shows Pullback to 27.1K! Could it be worse?Signs and patterns are VERY bearish pointing towards 25K -Bitcoin Pattern (Parallel channel) extending as expected and volume is going lower -some other indicators showing sign of bearish momentum and even a bear flag has been formed on btc (details on video) -SPX signaling for a pullback as well thus downside could be ugly if happens. -The H&S is still in play but we are wating for the right shoulder to form (needs a dump) I encourage you to watch this until the end if you wanna protect your assets Please support the channel by boost,comment,follow and Sharing -Really motivates me **Disclaimer - No Financial Advice **
Short
by pcmonk
BTC Pattern Continues To Playout! Strong Bearish Signs Are There*Disclaimer - Not Financial Advice* Bitcoin Has been consolidating below a huge HORIZONTAL resistant for a while now And The pattern that we have been talking for the past 3 videos playing out On top of that there are Quadruple Bearish Divergence on RSI and Bear Flag and couple of more SELL signals that I mentioned in the video Lots of STRONG Sell Signals so I would say 25K first before 30K(if it wants to happen) I strongly recommend to watch this untill the end Please Consider supporting the channel by boosting , sharing , Commentng - warms my heart-
Short
by pcmonk
The Bitcoin Crash Pattern Still In Play!!! Will We See 25K TodayBitcoin bleeding down slowly with divergence forming on RSI and a daily Bearish divergence on StochRSI SPX trying to catchup to BTC with its rally. SPX filled both gaps and ready to come back down while DXY trying to regain 103.if DXY starts to recover BTC and SPX will both come back down There is some High leverage around 28.7 which could make btc come back and consolidate for another day or start bleeding down 25K is possible today BUT we could bounce up from that to 30, 31K. The Big H&S that I mentioned in two previous videos still in play Thanks for watching and all your support
Short
by pcmonk
$BTC update along with a couple of altcoin set ups as a bonus :)Yo BloodGang! Thank you for joining me again today, this video should give you an idea of where we are at and what we are to expect covering all cases regarding $BTC. I did also add a couple of altcoins that i am looking at right now for possible entries as a little bonus, please note i do not own these just yet so take your time if they are of interest to you also :) As always check out my previous videos, please keep the support going strong as it is highly appreciated on all platforms and don't forget to follow me so you do not miss out on future updates :) Big love Mr Evans/TheRealSlmTrady likes, follows, fire emojis ,rockets etc all make me very happy.... feed me ;)
BITSTAMP:BTCUSD
by mammamia2
BTC Ready To Dump Fast And Hard-Crash Is ImminentBTC/1H Still in that Parallel Upwards channel *I FORGOT to mention there is a ascending triangle pattern on btc which I think its jebaiting the longers* Today is FOMC day where rate hike will be announced and will have huge impact on whole market , not only traditional but crypto as well. We usually get a move to both side around (%3) liquidating all the high leverages which we call ( sweeping the highs and lows) after than the move will come IMO its a capitulation candle downwards around 23K. could be worse . Thanks you for watching- Please support the channel by Follow,Boost,Comment and Sharing
BINANCE:BTCUSD.PShort
by pcmonk
Bitcoin -> To The MoooonHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Bitcoin is currently having an extremely important bullish breakout above the long term weekly resistance zone at $25.000. You can also see that the next previous support zone which is now turned resistance is sitting exactly at $32.000, so I am now just waiting for a short term pullback but then I definitely do expect more continuation towards the upside. On the daily timeframe you can see that we are a little bit overextended towards the upside, so I am now just waiting for a retest of the previous resistance at $25.000 which is now turned strong support and from there I do expect the next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BINANCE:BTCUSDLong
by basictradingtv
27
Can Bitcoin Fill The 28K Gap ?Signs are there!Bitcoin reaching the origin of the 30K slowly while having a gap from 27500 to 28400 to fill. Bitcoin can fill this before crashing but its another 17% up move. or this could be a jebait and the crash will happen today after a small retracement to the upside to liq all the high leverage shorters BTC consolidating and holding the support (symmetrical triangle) could wick up before it wicks down Some Crypto Banks Collapsed in the past days thus people cant convert their USDT to USD , what they do instead ? They buy BTC. That is why btc pumped. will it go higher ? it might but at the end if you cannot convert ur crypto asset to fiat whats it good for ? Thank you for all the support,commend,like,boost,follow
BINANCE:BTCUSD.PShort
by pcmonk
Bitcoin -> The Final ShakeoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . From a weekly timeframe Bitcoin just recently perfectly retested and also rejected an obvious previous resistance area which was turned strong resistance again. However if you look at the overall picture, we have a bullish ema-cross, bullish market structure and Bitcoin is also approaching a previous weekly support zone so I am now just waiting for another retest of this area and then the continuation towards the upside. On the daily timeframe I am also just waiting for another retest of the previous daily support area and if we then have some bullish confirmation it is quite likely that we will actually see the continuation towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
22
Bitcoin Still Wants That 24.6 - Fighting between Bears and BullsBitcoin\1H Holding the bottom of the rising broadening wedge Yesterday we dumped and then we pumped back up BUT Bears pushed it back down. this down move tells me MMers trying to buildup more shorts before they push it higher It also indicates Bearish momentum is getting stronger and Bulls having problem pushing it up Please Boost,Follow,Comment if you find this informative Expectation is we either hit AROUND 24.6 and come back down. or the retest and liq grab of 24.6 wont happen and we break the bottom of the rising broadening wedge for good. Ive talked about BTC Correlation to SPX. SPX did bounce up a little bit yesterday but then it came back down,holdin the low showing weakness. Detailed TA on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin -> I Told You...Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Bitcoin just broke out of a quite obvious falling wedge formation and since then already had a quite nice pump of about 45% towards the upside. We also just retested a strong previous weekly resistance, now turned support and as I mentioned in my last analysis I did expect the continuation towards the upside which is exactly what happened. From a daily timeframe I am now just waiting for the market to break above the next resistance zone and then after a retest provide the continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
17