Btcusdidea
Bearish Bat on 4H chart of BTCWe have a bearish bat pattern and this is a worrying factor, Invalidation of this pattern will be $47,348. If you look at geopolitical issues, They seem to be escalating rather de-escalating so this can certainly effect the global financial markets. We do have news that in Russia people are buying BTC by paying premium of over $20k which is a bullish factor whereas recent remarks of FED chair Powell regarding crypto were not good plus he's inclined to impose 0.25% interest rate hike in March so these factors can have a negative impact on crypto. We are bullish on BTC at invalidation point of bat
BTC Descending Broadening Wedge BULLISHBTC is making a descending broadening wedge, We might see some retracement within the wedge if $39.5k level is not reclaimed. Technical target of the wedge is $51.2k. We do have a :bat: pattern in play on a daily chart and TP3 of that pattern is $42k plus on 12H chart MACD has turned bullish so its suffice to say that all of these indicators are in confluence with current analysis.
THIS IS WHAT I WAS TALKING ABOUT!!!Welcome beautiful people to my BTC update.
BTC went straight up as expected. It bounced right from the entry-level I mentioned in my previous update. I got personal DMs from some of you telling me how you made profits out of this BTC trade setup. I can't explain how immense joy it gave me when I saw you guys making profits and keeping yourself aware of the market with my updates. It makes me happy to help you guys.
Coming back to the chart, BTC has gained almost 20% after the bounce and it is likely to touch the upper trendline (resistance) soon. The RSI is in the overbought zone which means, a retest is around the corner. The current price of BTC is $43k will be a safe exit. I am personally exiting my BTC trades here booking some good profits. I will leave 25% of my holdings for any further rally with SL at $42k.
You can use the same strategy or use your own if you have a better one.
Share your BTC updates with me. I will be more than happy to understand your ideas.
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Thank you.
Bitcoin- Genuine reversal or bull trap?Yesterday was a crazy day for BTC, with the price rising strongly about 15% (also stopping me out from my short trade) and now the big question is: Is this a genuine resumption to the long-term uptrend or just a bull trap.
Looking at the chart we can see that 35k is marked by 2 long-tailed daily candles indicating buying power and also there is the possibility of a double bottom. On the other hand, 45k is very strong resistance with price reversing from there from the beginning of the year.
Although I don't rule out a reversal, what I would like to see is a higher low around 40k and a break above 45k for confirmation.
Till then, I sit on the bench and wait for further price development.
BTC POSSIBLE SCHENARIO on 1 hr ChartBTC take a bounce from 34200 level and now creating a bearish expanding triangle on 1 hr chart.. also 50DMA now acting as a resistance . Also the there are a resistance trendline which you can see into the chart. Now BTC can take correction till 36300 then we may see small bounce towards 39100 then it will go towards 33600. another 2 possible scenario you can see into the chart.
THE FUTURE OF BITCOIN!Bitcoin - USDT | 4H
*** Rejected at 50MA
*** Trading above 20MA
@CryptonKidd Chart TA :
$BTC bounced off the HL Trend line, good sight to behold according to my chart outlook
Now bitcoin is currently trading above the Weak Trend
A break above the Strong Trend will be a great statement by the Bulls in this war and hope of winning it
I remain neutral at this time, until I see a convincing move above my "STRONG Trend" line
This technical trade analysis is still valid and very much in play. More updates to follow as we move on given the current situations all around the world.
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This is an update on the previous in-picture analysis done for $BTC . Find the link HERE:
BTC still in bear trend!Hello, back with an idea on BTCUSDT 4h time frame. Things seem interesting today as BTC has been quite volatile either side. However, I see a bearish pattern forming, which could lead the price lower. If 41k is broken, we enter a triangle pattern. However either way is still bearish. 45k needs to be broken to change the trend. Good luck with your trades and be careful.