BTC Update ✔Hello Traders. Hope you are doing well. Last time BTC formed a QM pattern which is a reversal pattern that I published in my analyses. Now it has formed a triangle as well as you can see on the chart. On the daily you can see a huge divergence on RSI too which suggests that BTC is going into the correction. The trigger that shows us that BTC is certainly going to go down is if price breaks the triangle to the downwards.
What do you think guys?
Comment your thoughts on what is going to happen. ❤
BTCUSD1W
BTC shakeout or trend reversal?BTC / USDT
After 5% pump from golden level in LTF (hits 24k) … it came down again to the second support which I mentioned before 22200$
–The question now is the bearish wave over and we ready to go up or still not ?
=BTC printed rising wedge Its still forming higher lows.. The level of 21500$(HL) must hold to keep BTC pushing up from this point
If not then be ready for a deeper correction (the lower levels in my chart to be tested ) before we go up again
Always save some stablecoins for something like that… If we go there it will be the second opportunity to fill your bag
Any thoughts or questions share with me below in comments section ⬇️
Bitcoin Bullas wants to push it higher on Monthly Close!BTC/1H `at the bottom of rising broadening wedge Forming another pennant `
After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge
The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again
Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish
Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7
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Thanks for watching
Critical Channel With High DemandThe breakout (on a weekly basis) for Bitcoin to reach $27894.21 is actually at $25059.88 and $25199.99.
The death cross, that is: crossing the EMA200 with the EMA50; It was executed exactly the last week of January with a weekly closing on January 30.
If there was a channel opening at that death crossing, that is, an accumulation channel between the prices of $24,788.24 and well above $25,001.94, Bitcoin could reach the next level and very close to $27,894.85; with resistance at the Bolliger upper band crossing at $27,992.48 and the EMA100 at $27,795.11.
It is a critical period, where the intelligent observe the upcoming closures; but mitigating that with the great accumulation of demand exposed by the Ichimoku cloud cumulus, a bullfight can be unleashed in a public square and with a tendency to liquidate blindly.
BTC …ready for breakout ?BTC / USDT
Hello everyone
The chart tells everything
at the end of every bear markets i found this pattern is repeating:
First is Accumulation then spring or you can call it deviation or stoploss hunt or whatever you want …then massive pump … will history repeat itself ?
This is the third attempt at 25k and to be a valid breakout we should have a strong big green weekly candle to break all resistance … please be ready for volatility
Appreciate your support by likes and follow for more analysis
just a bitcoin chart I think we see 28-32k bitcoin swiftly before it cools off for the rest of the year, i dont think a push to target zone 2 is out of the question this year as we approach the halvening. i would be incredibly surprised if if bitcoin went sub 20k again for any decent amount of time. my bags are PACKED
BTC The most important level for bulls in 2023#BTC / USD
Bulls did great work since starting of 2023
By pumping BTC from 16k to 25k (more then 50% gains)
Now we are reached the most challenging level for bulls in 2023 which its 25k in weekly chart
In the chart you can see :
1– it was the level of last Higher low
2– Convergence of 50w ema and 200w ema first time in history
3– Horizontal resistance which rejected price twice before (Bullish rejection in may 2022 and bearish rejection in august 2022)
the most important level is 25k everything else is just noise . I want to see massive candle in weekly chart above this level to end the bearish structure as it would be the first higher high after the top in November 2021
Appreciate any support by likes and follow for more analysis
BITCOIN Even Stronger Level Below 20kHi Traders, Investors & Gamblers 😃
I hope everyone is doing great this wednesday morning!
A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin .
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Daily Chart:
Support & Resistance Levels
We have now reached a very strong support area for BTC coming from the range that Bitcoin has beentrading in in Winter 2020.
I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Chart:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support and 200w SMA
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
Bitcoin turned against the tide | LONG SCENARIO 🔔BTC is holding at $38K for the second day in a row, remaining 12% below the levels it reached a week earlier. Ethereum lost 1.3% over the past day, other leading altcoins from the top ten are moving in the range between +1% (BNB) to -4% (XRP).
According to CoinMarketCap, the total capitalization of the crypto market decreased by 0.2% over the day, to $1.71 trillion. The Bitcoin Dominance Index added 0.1% to 42.4%.
The Fear and Greed Cryptocurrency Index lost 2 points to 21 in a day and remains in a state of “extreme fear”.
Bitcoin has started this week with a drawdown along with a decline in all risky assets on reports of intensified hostilities in Ukraine. In the middle of the day, BTC managed to turn against the tide, winning back the initial failure, despite the decline in stock indices.
US discussed the possibility of a ban on Russian oil imports, which could lead to a jump in energy prices and slow economic growth.
Big players are piling up USDT during the decline of bitcoin in order to probably buy the first cryptocurrency at a lower price, according to Sentiment. Including, according to Whale Alert, a wallet with 407 BTC “woke up”, which has not been active since 2013. It may well expect big deals from him in the near future.
One of the founders of Apple, Steve Wozniak, said that most crypto assets are robbery and fraud. However, he has always admired bitcoin and called it in 2020 a “unique mathematical marvel”, but specified that he wasn't planning to invest in BTC.
My next BTC Target Is 127k Dollars My next target is 127k. I drew 2 parabolic lines because BTC might go down more from here. So I estimated one parabolic line as BTC can stay above 46k and the other one 40k in daily candle. You can think of these 46k and 40k prices as 29k and 23k prices as I mentioned in the previous idea. I don't think BTC will close the daily candle below 40k dollars. If it closes below that price, I will re-analyze it but I honestly think it wont close it for sure. These prices are the daily supports so we might not even test the 40k support Honestly, I was going to go all in at 23k but Elon Musk didn't let us :) I'm accumulating BTC at these supports. I will even try to catch some spikes below 40k until 38k. 1.9 trillion stimulus package is on the table. So we will pump it up when Biden accepts the 1.9 trillion stimulus package. One of the reasons I don't think BTC will close below 40k is because CZ might have cut a deal with some big whales so he wont let BTC to stay below 40k dollars in a daily candle. He needs us. He might intimidates us with a spike below 40k :) but it'd be a opportunity to buy indeed :) Mark my words!
BTC/SZNbtcseason.exe
save sat; bits
What a time to be alive
Dream > Never Sell
hyperinflation is inevitable ?
May be you will do something good with this sats one day ?
if We go higher we will see in the future more btcbank
in bluelines : if not, we May be see one ALT of all this shitty coin can win sometimes ...
Richest people balance sheet in BTC will be made
BITCOIN BULL RUN,I PREDICTED THIS MOVE IN MAY!!!Whats up guys i hope you are all GOOD. So i stand by my prediction in MAY, that BITCOIN is about to takeoff like never before. And guess what? we were right!
Please check out my recent BTCUSD posts for more intricate detail. Bitcoin supported itself above the 8000 level even whilst under the pressure of the halving and the WHALE BTCUSD SELLS. This was a huge RED ALERT for me, indicating that bulls have gained a-lot of power.
Anyway, HOLD HOLD HOLD BITCOIN. Please don't miss this opportunity, as a-lot of you didn't enter way back in MAY.
Next TARGET is @13720
BTC/USD - bear wedgeThere is also a kind of bearish wedge on the chart, which can be traded after a breakage of its support. Stop-losses for $9766 or $9666. Profits are marked with green zones on the chart.
These two ideas are not an opportunity for the authors of the channel to "retrain" on the move, but just a view of the chart, to which the input can be bound.
- price exit from the bullish wedge - came in the first target, but bounced off the dynamic resistance (probably will form an amplifying signal for a breakout);
- blue zone - horizontal support level, yellow - local resistance.
Who's in position:
Stop Loss can be dragged under $9028 or after the dynamic resistance (white line) break-down/retest under $9356.
Who is without position:
It is more dangerous to enter now, but if you want to enter, you can try after the red zone breakage/test or after the same dynamic resistance. Stop-loss at $9356. Profits are the top two red zones.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!