bitcoin is moving on opposite side after breaking flag patternBTC is moving on opposite side after breaking flag pattern. We can see the unusual ups and downs from 4-5 days which are unexpected.
That's why it is confusing. So it's better to avoid from trading.. because BTC is not crossing resistance as well as support zone properly.
If you take any trade use low fund margin.
Best of luck to all🥰
Btcusdforecast
BTCUSDT Bullish Short TermBTCUSDT has successfully bounced off the bottom Bollinger Band and after a short struggle, overcome the Point of Control on the Fixed Range Volume (indicator) which now acts as support along with the three uptrend lines. The uptrends with a smaller gradient are more secure and thus will be respected for longer whilst the high gradient ones will be respected for a shorter time period. Moving Average Convergence Divergence indicator (MACD) has also formed a golden cross and is now appearing bullish again. The Relative Strength Index (RSI) has been in an uptrend as well since 11th April 20:00 whilst price of BTC has been stagnant and even a little bearish therefore this conveys that although price is falling, market sentiment is risign and gaining strength. The RSI is forming a rising wedge pattern which will mostly likely break below thus illustrating the price to be underbought. The price will most likely correlate with the RSI and thus I have indicated the timeframes and the approximate price at which the price of BTC will fall (after having risen some) (blue box with text), or there can also be a divergence in the price of BTC and its RSI in which case this will be a RSI Divergence and depict a weakening in the momentum of the uptrend, however price will take some time to fall back down instead of falling rapdily like the former scenario.
BTC: STILL UNDER THE RADAR.Welcome guys to my BTC update. I am using the same chart and the same timeframe for today's update.
BTC may not have rallied as expected but it is still under the support zone. $37.7k is good support for BTC. The RSI shows a bullish divergence which is still valid. According to the analysis, I feel like there's a major rally duly awaits in the market. If the rally comes in then I am expecting BTC to reach almost $48k to $50k.
Looking into the negative side, if BTC fails to rally higher and drops below the $37.7k support level then things may take a sharp turn in the market. Once it closes below the support level then all the bullish divergence, the rally, will get invalidated and we can expect BTC to drop close to $33k.
I am already long on BTC at around $38k and I have my stop loss kept ready at $35.9k. Let's see what comes next.
What strategy are you planning? Are you bullish on BTC or still skeptical about the market?
Let me know if you guys have doubts.
Do like and comment.
Thank you.
Bitcoin- 30k is my target for nowOn Monday I said that "Bitcoin is drawing a nasty picture" and after a short-lived recovery above 40k figure, yesterday the price has dropped hard to the 38k zone, putting a bearish engulfing on our daily chart, which for me is a clear indication for downwards continuation.
At this moment the bearish flag that I've spoken above last week is broken to the downside and we can expect continuation.
My target for short trades is 30k and only BTCUSD back above 43k would change my perspective.
BTCUSD | New perspective | Follow-up detailsIn this video, I have explained why I still hold the opinion that bullish momentum is evolving for Bitcoin... With a demand zone coupled with a key level identified at 39,500/40,000 area; I am looking to buy the Bitcoin above this zone in the coming week. Let's see how the price reacts in the coming week and I shall keep you updated in the comment section on my tradingview account
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BTC possible scenariosThe second support hit was successful and the orders at 38,500 were swept away by momentum. Waiting for the final with a trip to 36,500.
Perhaps it will be through a local rebound, let's see, now there is too little positive in the markets.
Judging strictly by the charts, almost all indices except the dollar index now have "problems".
For example, the S&P 500 has corrected decently and is trying to show growth, but if there is another wave down with new lows, then the bulls will be cooled down for the next month or even more.
Bitcoin is drawing a nasty pictureIf you've read my analyzes in the past months, you know that I'm bearish Bitcoin and the Crypto market in general and although I've had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term.
In my previous post, I draw attention to a large bearish flag visible on our daily chart.
Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag.
That being said, I expect a continuation to the downside with a 30k target.
Also, shorter-term traders can look at 34k previous low for their target
BTC: A SECOND CHANCE TO BUY BACK BEFORE THE RALLY OR A BIG DUMP?Hey guys, I hope you all are doing great. Here's a quick update on BTC and the market.
BTC is back in the support level after getting rejected from resistance level 1. Can we consider this as a second chance to buy BTC at the bottom before the higher rally? Well, for this we need to look for confirmation and that would be a bounce back from the current support level.
I am accumulating BTC at this level and will accumulate up to $37.7k. If BTC breaks down and closes below that level then I will exit all my positions. Looks like this coming week will be good for BTC and other altcoins. The only level we need to keep an eye on will be the present support level at $39k.
BTCUSD- Moving down hillHello Traders,
There is support on 39500 level. If current candle will be close above or bellow this level, we will have movements of the price. But likely price will continue to drop. For more precise entry change TF to lose one. Upper side is “protected” with trend line - breaking trough the TL will be the signal to open long position. Vertical line indicates change direction of the momentum.
Cheers,
Jim
#BTCUSDT Possible area for Bounce...BTC managed to pump towards the $43k level but could't sustain the growth.
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
$38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!
Invalidation:- Close below the red line ($36,629)
Let me know what you think.
If my charts help you in any way please do hit the like button and share your views in the comment section.
Thank you
#PEACE
Wen Green, Buy BTC$BTCUSD BTC chart with alternating repeating channel widths. I've used this for many years and figured I'd finally share the love. It's weird you know, it's almost like a bunch of math nerds designed the mean long-term behavior patterns of the chart, almost looks protocoled. Must be a coincidence.
@RCD
Wen Green Range?$BTCUSD BTC chart with alternating and repeating channel widths on log scale. I've used this for many years, with buy zones whenever price enters green price channel or green RSI area. Figured I'd finally share the love.
It's weird you know, it's almost like a bunch of math nerds DESIGNED the long-term behavior patterns of the price chart...almost looks protocoled. Must be a coincidence.
@RadCryptoDoc