BTCUSDT Bitcoin support levels - 18,600 and 18000
Bitcoin resistance - 19,500 and 20,000
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis
Bitcoin forms a Descending triangle which is a Bearish pattern and the price is reached its major Support level which is near 18,900.
If Bitcoin gives a candle closing below this level Bitcoin will Start declining and the next support level is near $18,500.
Bitcoin Dominance is Also increased and reached its important resistance level of 42.18%. Rejection from this level could start downside movement.
Btcusdforecast
BITCOIN: PEOPLE'S NOTION.The expectations are high for BTC and yet this underperformance is killing people's patience. You can say it by viewing all the memes and posts on social media. People are getting restless with this silent move on BTC. They are expecting an explosion but BTC is quiet. This is the basic problem of the herds, they want quick results, and they want everything fast and easy.
Anyways, let's get back to the chart.
Current scenario: BTC is still under the rising wedge pattern and it is close to the support level. Yesterday, we saw BTC getting rejected from the resistance, as shown in the chart and now the price is at the 21 MA support. If we see a bounce and a breakout above the yellow dotted line then we can expect BTC to rally close to $20.5k. If that's not the case then we can expect BTC to drop close to $18.8k. I just hope that this rising wedge won't turn into a falling wedge cause if that happens then it will mess up the entire chart and the market sentiment.
I hope this idea was helpful for you all. Do show your love and support by liking this chart and clicking the follow button. I would love to see you on my team in the upcoming bull run.
Trade safely and happy weekday.
BTC 2022 vs 2014Looking at BTC in the pre 2014 bull run the structure was the same as our pre 2020 bull run. Following that bull run BTC pulled back and touched the previous bull run peak and continued a bit further down to the lower mid cycle peak as depicted in the chart.
In comparing to 2022 we are now in a similar if not near identical structure where BTC has come back down to the previous peak of $20,000 and holding the line so far.
The question is, will #BTC hold this support or will it go down as it did in 2014/2015 and touch the lower peak from 2019?
This remains to be seen, but I thought this was an interesting observation.
I know I didn't capture much in comparing the previous cycle of 2014 vs 2018 structure but I assure you it is extremely similar.
Buying at 20k vs 14k won't matter much once we start the next bull run, just up to you how you want to play it. This is if the bulls even allow BTC to go any lower or will they fight the teen prices.
BTC - Pump & Dump ?Seems like the new trend for BTC is to Pump & Dump into bullish rectangles.
- Analysis done on 4H chart.
- Behavior analysis since the formation of HH on 13 September
- For a more accurate coloration I keep a track on DXY index
- My current short term biased is to short BTC since DXY has bounced from support at 111.783
Let me know what you think?
Bitcoin - reaccumulation.
According to the instrument, we see re-accumulation, which is in the final phase before the start of the movement.
Locally we can see the withdrawal of liquidity, which is above the upper limit of the trading range (creek). After which a test of the buyer's area of interest should follow.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Scalping the LONG SIDE? BTC Buys#btc #bitcoin #btcusd
Since posting this chart some hours ago we had a few DMs asking would we take a buy short term trade here here on Bitcoin.
Well as we mentioned earlier we wouldn't be interested until BTC was above our key level above 20k.
Anyhow with a gun to our head as a very short term idea with risk managed one could enter at market looking for 4:1 reward to risk and still be within the current BTCUSD liquidity range.
But like we always say in our lessons we rather be in late but with a smaller stop loss in any trade and so we only see that senario playing out for us once BTCUSDT is above 20k again.
Have a great day all!
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Two positive scenarios of Bitcoin price move by the end of 2022Looking at what is happening on the BTCUSDT chart, only one thing can be said with certainty - a protracted consolidation continues.
Consolidation is a hard battle of attrition between buyers and sellers. The winner of this battle will organize a very strong impulse price movement.
The victory of the sellers is the consolidation of the BTCUSD price below $18000 - a critical point (now buyers are trying hard to prevent this). In this case, a rapid drop in the price of BTC to $14k-12k-10k is possible, well, in principle, as most authors on Tradingview expect . But we are well aware that the majority can not earn the market, hence we get the following option
The victory of the buyers is a much more difficult scenario, because they need to break the annual downward trend, so it will most likely occur in several stages.
1. Globally on chart, from June to now, buyers are trying to draw a reversal pattern "Double bottom" - the target of this pattern is +/- $34500
2. The first stage is the breakout and consolidation of the Bitcoin price above $20400
3. The second stage is to break the stops of shorts above $22800. And a lot will depend on how many stops are hidden there. If not many, then sellers will intensify sales and lower the price at the red scenario.
4. The third stage - the most important and difficult for buyers - is the breaking of stops in the $24700-25200 zone. This trading zone is the last bastion of protection for short sellers. And above it is emptiness and the possibility of unhindered growth to $28000-$28500
Well, the possible scenarios of the movement are described in detail, now we need to closely monitor their implementation.
P.S:
Also, we remind you that historically, October-November were usually "green" months in the cryptocurrency market.
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BTCUSD SHORTBTCUSD is has recently turned bearish on the higher time frames. We are seeing price behaving in a manner last seen in December 2018.
We can also see changes in market structure from bulling to bearish with several price action patterns which further supports our bearish
bias as per on the chart. As a result, we are expecting one of two things to happen, firstly we might see a repeat of what happened in 2018
which resulted in BTC creating and all time high reaching our target of around 100 000USD per BTC or we might see a huge correction which
could potentially send BTC falling to around 3000USD per BTC.
BITCOIN Bitcoin support levels -19,000 and 18,600
Bitcoin resistance - 19,400 and 20,000
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Analysis
Bitcoin price strong resistance around the $19,400 mark. Once Bitcoin price touches the $20,000 level, the bulls could help BTC rally further.
Other hand, support for BTC was at $18,000 and a fall from that would push the coin to $17,400.
Tomorrow is the weeky candle closing and if bitcoin closed below $19,100 then we will see the candle closing in the red.
BITCOIN: UPDATE.Hello traders, I hope you guys are doing great. Here's an update on BTC in a lower timeframe.
Timeframe: 4 hours.
Update: BTC is still maintaining the support level of $18.7k which so far looks good. Yes, there was a so-called 'panic situation' last week where people started assuming that BTC will drop and bleed badly but it managed to deny further rejection and got back into the trendline within no time. We saw a nice jump in BTC but soon it got rejected as well, a pure case of pump and dump.
The current price is hovering around the $19.1k range which creates a dilemma between a higher rally and rejection. If we see another rejection on BTC then it may possibly drop down to the support level. To see a good bullish rally, BTC must break out above the 21 MA ($19.3k). It will be wise to wait for a confirmation and then make your move.
I have closed my previous leverage positions and now holding the spot one. Also, I have opened a new leverage position and will accumulate the bottom if BTC drops down.
That's it for now. Thank you for your support and likes. It means a lot to me.
Trade safely.
BTC weekend UpdateBTC got rejection from 19800$ level, price saw a good spike in price but it did not able to sustain it. Next support 18600$ to 18400$.. For a good upside move it need to close above 19600$👆 to march upward...
H1 Resistance level is marked at 41.92% to 41.86% level from where the price action got rejected and and went down As the volume decrease in bitcoin which is why the decrease in the price we are seeing
However, The price action is still consolidating in Daily Horizontal Resistance zone on Daily timeframe
main resistance area $20500 to $20850
main support area $18500 to $19360
DYOR and As always, stay safe
BTC Weekend UpdateBTC got rejection from 19500$ level, price saw a good spike in price but it did not able to sustain it. Next support 18500$ to 18300$.. For a good upside move it need to close above 19500$👆 to march upward...
H1 Resistance level is marked at 41.92% to 41.86% level from where the price action got rejected and and went down As the volume decrease in bitcoin which is why the decrease in the price we are seeing
However, The price action is still consolidating in Daily Horizontal Resistance zone on Daily timeframe
main resistance area $20400 to $20750
main support area $18250 to $19300
DYOR and As always, stay safe
BITCOIN: A QUICK COMEBACK.Hello traders, I hope you all are doing good. There's a lot happening in the market today. In a lower timeframe, the market is completely messed up but in a higher timeframe, you can see a crystal clear scenario.
Timeframe: 12 hours.
Update: After the daily close, we saw a sudden drop of -5.45% ($19174 to $18131), and right after the drop, a quick comeback of 6% ($18131 to $19225). The drop helped some wise traders to get into BTC at around $18k. For quite some time, BTC has been following both the support and resistance trendline in a disciplined manner. We can expect BTC to reverse the trend but only if we see a breakout above the upper trendline i.e., at $20.2k.
BTC still looks under control in this 12 hours chart and until & unless it is above the support level, we are good to go.
Note: The 12 hours chart is completely different from the 3 hours or 4 hours chart.
I hope this idea is helpful to you all. Trade safely.
BTC 4H analysisSince after the CPI index, the American inflation rate was in favor of the dollar and all the markets reacted to this inflation rate, I promise my dear friends that the trend of Bitcoin will rise and soon we will see that the trend of Bitcoin will be Sharpy. The coin is bullish, so wait for this trend and the range of 17900 to 18400 is the best place to buy bitcoin and take long.
BTC 4H TF (short term analysis)BTC / USDT
In 4H TF chart :
BTC is forming ascending triangle pattern
Price is testing resistance for the 5TH time which make short term bullish scenario is in high probability (after breakout)
Invalidation of of this structure : breakdown yellow trend-line in my chart and we might make a new lower low before new uptrend
Forming a bottom is taking time. never lose your patience
Long term analysis is coming soon so stay tuned
What do you think about BTC in short term and long term ?
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Bitcoin: 50% Correction Ahead?Hey guys,
BTC is currently descending, and a decision will be made here shortly, that can lead to a huge correction down.
=> We will look at specific areas for the correction, where one could buy lower.
We're also gonna talk about the major macro picture with the stock market, since crypto highly correlates with it.
Have fun watching! ;)