Btcusdidea
BTC is making bullish DEEP CRAB!!!BTC is in the process of developing bullish deep crab harmonic on hourly. This is somehow in confluence to bullish butterfly harmonic from yesterday which completes at $35,707. So we can possibly see some bearish price action before a leg up. We have weekly closure in 12hours from now so further development in price action will be shared upon closing of candle.
BITCOIN UPDATE: EXPECTING A RALLY HERE.Welcome folks to my new update on BTC.
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BTC reached exactly at the support level of $38.2k as I mentioned in my previous update and now I am expecting a rally towards $46k from here.
Entry-level will be between $38.3k to $39.7k. For better confirmation, you can wait for BTC to break above the dotted trendline or the 21 MA.
Stop Loss: $36.8k
Target: 10% to 15%.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
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Thank you.
Bitcoin- Strongly bearish under 42kIn my previous analysis, I said that is imperative for bulls to keep 40k intact, this didn't happen...
At this moment BtcUsd is trading around 38.500 and things are pretty clear from my point of view, Bitcoin has resumed its down move.
My strategy is to sell rallies around 40k with a target at 30k zone support and only BtcUsd above 42k would make me change my bearish opinion
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.