Btcusdlong
BTCUSDT warning!In February 2020, Bitcoin experienced a falling wedge pattern and subsequently experienced a 60% increase from it's low. However, it encountered resistance at the $10,000 level and subsequently experienced a 61% decrease. Currently, a similar pattern is emerging, with Bitcoin experiencing a 60% increase from its current low. If it again encounters resistance at the $25,000 level, it is possible that it may repeat the same pattern as in February 2020. Therefore, it is important for Bitcoin to breach the $25,000 level to invalidate this fractal. What is your opinion on this matter?
BTCUSD More Bearish Than Previously Thought? This is an inverted chart for BTCUSD
A falling wedge can be drawn between tops and strong trend line, which suggests price is breaking out to the downside (upside on this inverted chart)
A shift in sentiment between BTC and altcoins may be in play. With altcoins rising in interest while BTC slows down a lot.
BTC/USDT :: Will the price be returned ?BTC/USDT :::
Will the price return to the support lines and rise again ?
Or without returning to the support lines, it continues its path towards the resistances !!!https://www.tradingview.com/chart/BTCUSDT/VSzFWqjy-BTC-USDT-We-are-not-going-to-trade-all-the-time
<<<< Analyze simply with The_Best_Trader_1991 >>>>
It has begunThe BTC reversal has begun. This is the beginning of one of the greatest bull runs in recent history. All the macro factors indicate that traditional markets will fall - unbeknownst to many, BTC and crypto will actually decouple and remain a hedge against the entire economic collapse, becoming the new asset class that everyone will run to.
Enjoy the gains, the fun has just begun...
BTCUSDT Potential Long setupMONTHLY- 8 Days left, before the close of the candle which most likely become a strong engulfing candlestick pattern
- There's also a retest on previous high in monthly structure
WEEKLY- Weekly became uptrend after breaking the 21460 high
DAILY/4H -also currently
What I'm waiting for right now is
1. the retracement on 21460 or 21500 high of the week and 4H market structural zone. Fibonacci retracement 61.8% is also lining up with the zones.
2. When the price reached to the 21500 zone, wait for at least 30M Engulfing or Strong rejections before opening a buy position
Take Profit Targets ; 22750 and 24500
Bitcoin bull scenarioBitcoin may be showing signs of strong support by pulling out of the nose dive, falling wedge it is in..
I had a max potential low of 10k, as many did. Because of this, I’m expecting the unexpected.
Could this wave simply be corrective? Is this breakout legit? No one knows. But here’s the fib scenario of if Bitcoin stayed in the
parallel channel that it is in. Typical fib resistance (marked on chart), and the fib extension above.