Btcusdlong
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is falling wedge pattern
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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Fly BTC! My body is ready!I excluded a lot of details on this BTC chart to get back to basics and drew only long-term trendline.
There are a lot of other signs of BTC bottoming or very close:
1. BULL DIV RSI
2. BULL DIVS MACD
3. FEAR INDEX - EXTREME FEAR LAST WEEK
4. WHOLE MARKET UBER BEARSIH
5. PITCHFORK 2 EXTENSION SUPPORT
6. BTC CREATED A HIGHER HIGH ON A SMALLER TIME FRAMES.
7. DAILY ICHIMOKU ABOVE THE CLOUD
8. ...
BTC BETWEEN THE RED AND GREEN LINE : 18K THE KEY LEVELBTC did know better times than this, and with the last time's trend, it was able to enter a new uptrend market.
The market was looking great, and FTX news did change all where the markets did break down, but what next?
BTC is at this moment still positive for a low time frame as long it hit not the red line.
The red line means the first confirmation of a downtrend where BTC should not go below 14K, If BTC hit 14K it could break down much more.
For now, there is no reason for this breakdown as the price of BTC is above the red zone.
Price action to 18K would mean there will be more volume into BTC which could bring BTC back to 22K
Until now the trend seems stable and goes between the 2 zones.
I call it positive as it has a good chance to return.
The study shows as long as the price action is 14k+ means a good chance for a return.
BTC/USD 1M CHART
This week Might be the Final week of the bear market 📉.BTC may consolidate at 14k. As I already said altcoins will dump badly and you all will hear BTC and crypto gonna die but it will never happen.
As BTC touches its bottom I inform you All.
That will guys it’s not a bottom. So keep your portfolio in USDT.
In the coming days, you may hear that BTC or Crypto is gonna die or something like this.
So don’t respond to such kind of news.
The real bottom will be 14k Wick may go down.
Also, Don’t take entry in Altcoin at this price.
Alt will dump so badly.
I will recommend some altcoins soon.
But Now take a side and just observe how they behave with retailers.
Patience is the Main key in Trading.
So take Care of yourself and Know the value of Your Money.
Best of luck 🤞. be the time for entry If you miss this opportunity you will miss everything.
Le taux de change du Bitcoin fin 2022.The crypto-currency Bitcoin takes the 1st place in the ranking by capitalisation. The price off BTC has decreased by 76.20 % in relation to maximum value from 10th November 2021 .
Graphical analisis :
In the graphical opposite we can see BOS ( Break of Structure ) bearish, and the HL ( Higher Low) lower and lower who forms a downtrend. Market is also to be Bullish .
Light bullish RSI detect
The BTC is located between the Equilibrium (= 50% Fair Market Value) and the Discount ( Discount zone = are cheap prices), ( fibas are BELOW 50% fib) in Daily, week and month
2 possible solution
1) Rebound on the further down support 15 632.
2) Broken the further down support 15 632 to get around the support of 12 000.
Despite the recent new further down, the situation stay the same. The level at 19 000 $ will be very important, because it has not been tested as a resistance for the moment. If the course is rejected at this level, the course could down until the next support at 12 000.
On the oder hand , if the buyers arrive to recover the area at 19 000 $ and go beyond the trendline bearish, the course coulde find the colors. Also the institutional bias (EMA 9/EMA 18) is bearishand could an other time acting as a dynamic resistance in the next day. For the moment, the course of Bitcoin (BTC) is bearish.
The momentum is very solid. The stochastic continue evolving above the last further down of june, while the course, him, has done a new further down. The actual movement may be only a deviation. To confirm, in this case, it will be necessary to resume the 19 000 $ as a support. Since mid-October, the whales have strongly pulled the trigger. These players had been distributing since the beginning of 2021, they have started to change their behavior since May 2022. This does not mean that the price will go back up quickly, but it is interesting to study the behavior of large portfolios.
At the same time, whales with more than 10,000 BTC in their portfolio seem to want to accumulate. Beware, these are players who are aiming for the long term, but it shows that they are interested in the current levels.