BTC 4HR Analysis - Short Opportunity Right Around the CornerBTC has failed three times in its attempt to ascend to the top of the bull channel with three-pin bar bear candles closing on or near their lows. It's been a slow bleed to the downside ever since last Friday. We are nearing the 200EMA on the 4HR and should expect some support here. A good short entry may be at the end of the next bull bar or two if you're not already in a short.
We should be looking for a breakout of the channel bottom with a bear bar closing on or near its low, followed by a retest of the channel resistance, and a confirmation bar to the downside. Such price action calls for a short back down to the bottom of this trading range we've been in since March of this year, which sets a target price of $25,000.
Trade wisely and let us know what you think in the comment section below!
BTCUSDBEARISH
BTC Will Bring it Down!BTCUSD is making its way downtrend as it shows a sign of strength as it breaks the 30740 area of weekly support that has been respected multiple times. However, this bearish strength will want the sellers have the power to pull it more as it breaks the weekly support. A retracement along 23975 will be possible and will wait as it make a decision along that area of support. #tyor #dyor
BTCUSD One final dump then the rocket is ready to Launch! BTCUSD Bullish Scenario
30,399.92 is my strongest support
since January2021, It has been touch multiple
in just a month before bursting up.
28,798.34 level is my next support,
its the lowest wick of January 2021 before bursting up
27,737.88 is my final target before this
BULLISH SCENARIO HAPPEN
my target would be 42,243.87 For this month
Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
SUPPORT & RESISTANCE
S1
28880
S2
24217
S3
19846
R1
42000
R2
50000
R3
60000
Strong
Moderate
Weak
Up
Neutral
Down
PIVOT POINTS
P
35170
S3
34088.4
S2
34629.2
S1
34883.9
R1
35424.7
R2
35710.8
R3
36251.6
BTCUSD POTENTIAL NECKLINE RETESTPOTENTIAL NECKLINE RETEST ON BTCUSD.
BULL AND BEAR SCENARIOS
IF BTCUSD RETRACES TOWARDS RESISTANCE AND QUICKLY BOUNCES BACK DOWN, THERE IS MORE DOWNSIDE TO COME IN NEAR TERM.
IF BTCUSD BREAKS FIRST RESISTANCE ZONE, WILL RETEST NECKLINE RESISTANCE, 1ST RESISTANCE ZONE BECOMES SUPPORT FOR THE BULLS.
ALTERNATIVELY, IF BTCUSD FINDS A LARGE AMOUNT OF SELLERS AT NECKLINE, SUPPORT MAY NOT HOLD.
IF BTCUSD CONTINUES TO DROP WITHOUT RETESTING, LOOK FOR BUYERS AT 35K THEN 30K FOR A BOUNCE.
Bitcoin, Are you still Bullish ? Then wait to see BTCUSD is inside a Rising Wedge.
Currently the price is near the 200 MA in H6 chart, this may definitely resist Bitcoin and push back the price. Also Bitcoin moved up to 61.80% fib retracement. So niw this is the most important level for bitcoin to watch now.
If bitcoin breaks the lower trendline it will confirm the break of rising wedge and bearish reversal of Bitcoin
Stay Tuned, 👍
BITCOIN to $8400 |BEARISH SCENARIO| Other Targets?hey guys what is up??? hope you're having a fantastic day please feel free to go through my analysis above it is very easy to understand and I am sure it makes perfect sense. that is my bearish scenario and for the bullish scenario please go feel free to read my previous post.
let me know if you have any questions also feel free to share your opinion based on your analysis in the comments section below.
peace out!
BTCUSD : OVOHi traders,
Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject.
As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater drop that what we are witnessing now. If we are having the same type of movement that we just had, this would drop down the price to around 8K.
We seem to have a good support at those levels. Its either an amazing opportunity to go LONG.. or the last stop before a full retracement of the UP move of 2017.
I know Bitcoins are the new thing and its getting mainstream as hell at the moment. However, I can still compare it to gold.
Gold had the same thing where it traded for quite some time at a very low volume and very low price. Suddenly, when it broke its first resistance and went on with that crazy bull run to 1900$/oz.
We just might be on the edge of a big correction. Let's just see how this plays out.
BTCUSD SHORT:
ENTRY : 9838.20
SL : 10111.55
TP : 8051.25
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade