Bitcoin- Is this a genuine reversal?Bitcoin has spent the weekend hovering around 54k recent low, just to spike up a few hours back, in Asian session.
At this moment the price is 57300, well above 55.500 support
Regardless of this 10% rise from the bottom to the top, BtcUsd is still under trendline resistance and the important 60k and the situation is still unclear.
Only a continuation of this rise and a new high above 58.500 would convince me that the correction is over and it is time to buy.
Till then my approach is to wait and see
Btcusdidea
BTC/USDT : Hold the or retest 45K's support ! New ATH is commingBy analyzing the bitcoin on the daily chart...
it seems clear that after the triangle patterns was breached to the top, the ATH was tested twice and failed to continue rising...
after that back to test the moving average 200...
It is expected that the bitcoin will pump to return towards to new ATH to the 72.000 and based on the previous ATH to the 69400 before completing the climb to the historical ATH ... In the event of failure, we will see a visit to the 45800 areas and the launch again
BTC/USDT 6HOUR UPDATEWelcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart .
btc/usdt price is moving in a falling wedge. It needs to breakout the current support and falling wedge for a clear uptrend.
I thing the price cam pump fore here .
if its breaks trade line then the chart will be invalid.
Sorry for my English it is not my native languages.
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thank you ...
Bitcoin- Another break, another low?After reaching a local low of around 53.500, Bitcoin has started to consolidate again in a tight range and 55.500 zone offers resistance now.
I expect a break under this newly formed support sooner rather than later, and a new local low for BtcUsd.
As I said multiple times in the past days, only Btc above 60k can give bulls some hope and my recommendation for speculators is to sell rallies
BTCUSDT , Until now we are in downward trendHello everybody
According to our analysis about btc , with high chance our analysis exactly happen , and now we make new breakwave and we need pullback to have correction this breakwave and recovery the price , but the most important point is , until the price trade in below the trendline the market is bearish and the power of the seller is more than buyer .
After break this zone we can go up until the trendline , until the key point is not broken and close candle above of them and the trend is downward and we should take sell position not ... :D
Previous analysis :
Good Luck
Abtin
BTC signal Based on the technical analysis method of the price support line (Price Action)
BTCUSDT has a downtrend if the end of this week's trading session BTCUSDT closes at 50k, the downtrend will continue next week according to market sentiment.
Expected BTC price to buy in the area of 40,000usd, 30,000usd and 20,000usd
BTC/USDT 4HOUR UPDATEWelcome to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC is trading around $57200 support level 21MA Expecting a bounce.
I thing the price cam pump fore here .
if its breaks 21MA then the chart will be invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you ...
Cation! Potential Fake Out BTCA potential fake out of a symmetrical triangle on the 4 hr. Referring to my previous BTC idea for Nov-Dec, I believe a final shake out to 49,500-51,500 is possible. I am very bullish at this level. BTC has a trend line running up to 50k near end of Nov. supported by the 200 day MA. That region also being massive support. But keep in mind we have a potential W pattern on the 4 hr and a triangle. The break out level for the W pattern is at 57,830 to the up-side.
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Bitcoin may form uptrend up to 73%As can you see in this analysis bitcoin may form a strong uptrend once it hits a major support zone between two green horizontal lines. If a support zone succeeds it can mirror previous wave momentum and it may form same uptrend pattern which could hit up again by 73% with a target price of 88678usd.
BTC Possible Bounce important levelsi) Trend line support
ii) Fibonacci Retracement level
iii) Support on Daily Time frame
by looking at these points a possible bounce is expected from 52600 and 53800 area or from above these, it is very important area for BTC to hold if it doesn't bounce from there it can go further down. On up move BTC needs to break 61000-62000 area to move 66000 for now.
BTC/USDT 4HOUR UPDATE Welcome to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC is trading around $57100 the resistances level is 21ma and support level are $54000 Expecting a bounce.
I thing the price cam pump fore here .
if its breaks the $54000k then the chart will be invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you ...
Will Bitcoin break support?Yesterday was an interesting day for Bitcoin and after making an intraday low at 56.500, the price has recovered quickly and raised to 60k zone.
This zone proved once again to be a strong ceiling and BtcUsd has started to fall after and tested 55700 now support.
I'm strongly bearish as long as the price is under 60k and I expect the newly formed support to fall.
My target remains 52k