BTC Breaks Downward Resistance from ATHIf we view the all time chart on three separate time frames - Monthly, Daily, 4H, we can see that we have broken ATH all the way up to the 3D chart. Weekly and Monthly confirmations coming soon I suspect. To expect Bitcoin to drop further below from this channel into the "Birth Channel", we could see it in 13k's. This channel has only existed in a period once prior, however - before institutional capital started flowing into Bitcoin. To see BTC price go yet even lower than the "Birth Channel" is to expect Bitcoin to drop to a price channel where the only people using it were supernerds, stoners, and their dealers.
You tell me if that is reasonable or not. In my humble opinion: bottom is in, yall.
This is not financial advice.
Btcusdlong
BITCOIN 1h Update 10 December 2022Good day! Artem here with analysis update on Bitcoin at 1 hour TF. Here are my predictions for the price movement in the following week:
Today, BTCUSD is most likely going to move in a sideways motion about $17000-17140. Expecting an upward breakout on Monday, December 11 with a conservative target near $17400–17500.
Notice my stop loss on the chart. I consider this as a bearish takeover point.
Bitcoin Bounced As Predicted! What's Next?From our previous idea, we can see that Bitcoin played out perfectly :)
BTC bounced off of our upwards channel and continued to the 200 EMA (as we previously predicted). Now I'm watching to see if it can break above that 200 EMA (17,300 level). If not, then I'm looking to retest the bottom of the channel again (16,800).
If Bitcoin does break the 200 EMA then I'm looking for it to touch the 17, 640 level (major resistance).
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BTC ANALYSIS#BTC UPDATE.
#BTC has bounced back from the lower band which is support for BTC on 4H TF and currently btc is trading on the daily resistance .On closing above the daily resistance the long might open but we will have to wait for the daily close.
BTC 1H GOOD Pump RDY ?Yes, we were waiting for this pump. The Bitcoin pump will take the price of Bitcoin to 18166 thousand dollars, dear friends, so please pay attention to this point. If you want to go long, now is the best opportunity and do your shorts in the designated target. Good luck, my friend. You are Manouchehr Azar from Iran
Today's tip in local time will be the meeting about the US inflation rate and unemployment, the result will be in favor of the financial markets and will pump Bitcoin.
BTCUSD breaking out RIGHT NOWBTCUSD seems to be continuing its short-term bullish momentum.
What we can see on 1h time-frame is a breakout of the bull flag formation with a target somewhere between $18000 -$18350 which would be a great area to flip short as well.
As the breakout is just happening now, you still have time to take a long position.
Stop loss: below or at 16850$
Target for longs: between $18000 -$18350
BTC ANALYSISBTC has not been able to close above the green box resistance which is the daily resistance and now it looks like that btc might test the yellow box support area as we have already seen so many rejections from the resistance.In case btc break below the rising wedge yellow box area would be the 1st support where btc might hold .Keep eyes as the btc move will be sharp and there could be flash crash as well.
BTC Bounced Perfectly Off Our Support!Looking at BTC on the 4hr chart, we can see it continues to be in our upwards channel, bouncing PERFECTLY off of the bottom of the channel/horizontal support at $16,750.
Right now I'm expecting it to continue upwards and retest the previous resistance of $17,167 (red line) which also coincides with the 200 EMA a little higher at $17,300. If it breaks both of those levels, we're going to $17,640.
If Bitcoin can't break the $17,167 level, then I'm expecting it to come back down to $16,736 and if that breaks then unfortunately we're going to $15,900 (next major support).
I'm also watching the Wave Fusion indicator for any major signals that coincide with said support/resistance levels.
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BTC ANALYSISBTC is currently trading in a rising wedge on 4H TF and is looking for a break down.If btc could not hold the lower band then we might see pullback to the next support level which is the yellow and the blue support level.However upside move is possible if btc bounces back from the yellow support level.
BItcoin Possibility Bitcoin has been holding above the liquidity zone and also has been following the trend line. It can retest the trend line and then move our if we hear anything terrible from the fed we might retest the 16500 zones. else we already see the gap filled so we might see a move to 16800 and then a move to 18k and then a dip back. Liquidity hunting and Stop loss hunting are now a daily part of manipulation game.
BTCThis is my primary count heading into 2023. Seems like unless we straight nuke to $9,200 then I'd expect this move to play out.
Much more painful on both sides. Finish around the 618% of the covid 2020 crash $11,500 but never reach $10K as many are waiting.
Then B wave up to $34k getting everyone tweeting WGMI and then B wave gets finished and Rug back to finally hit $10K making everyone think Crypto is dead again.
Finally completing this correction & the HTF Wave C and this bear Market.
After that 2024 1/2ing and run it back turbo $200K.