#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
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As we can see in the above-mentioned chart that BTC broke the channel pattern after a sweet break and retest of an inverse HEAD & SHOULDER pattern.
After brake out BTC bounced almost 6% from the neckline of the inverse HEAD & SHOULDER pattern c currently BTC is trading above the blue MA and also a s support of the upper trend line.
Now, BTC needs to hold this upper trend line support to move upside. But candle close below will again lead BTC towards the lowest price levels.
IMO, the market is still not stable and is way too volatile, be cautious to preserve your funds which is our main duty of ourselves in these uncertain market conditions, and keep your stop loss tight if you are holding any position.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Btcusdtidea
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chart that BTC is on the way to printing its other low.
Bitcoin has Been Consolidating in Descending channel pattern for the last 244 days.
if BTC is able to sustain and holds this lower trend line again then we can see a fast recovery towards the price level of $34k which is the price zone at the upper trend line resistance.
The candle close below will lead BTC to print another low which can be $12k - $18k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As I mentioned in my previous chart BTC moved downside by 23%.
Now BTC heading towards the lower support level of $18k-$19k which is also a previous ATH.
Now BTC is almost 19% above the crucial support level.
Many things have been changed now, BTC never retested its previous ATH now it's almost there to retest its previous high.
BTC also following the lower trend line support and which is also
Connecting at the price range between $18k - $19k.
A quick bounce is likely in the upcoming days after a sharp wick-off at the price level of $18k.
A bounce from the support level can lead BTC again to print a new high, a candle close below the lower support will drop down BTC to a price level of $12k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Bitcoin is under pressure.The Bitcoin exchange rate (BTCUSDT) is at the lower limit of the long-term horizontal range, which took shape after reaching a minimum of 26700 on 12.05.2022.
On the H4 chart, the consolidation figure after the downward impulse is most clearly visible. The figure resembles a triangle, which from the point of view of classical technical analysis is a continuation figure of the previous momentum. Our trading strategy signals confirm it, pointing to the current bears superiority.
We expect the bitcoins decline to the new minimum and the formation of a bullish divergence on the MACD indicator. After that, growth is possible.
How to trade.
Sell BTCUSDT (open short) with the first target of 26700. The goal of working out the triangle is around 26500.
What happen to BTC now?! Urgent analysis!Bitcoin greatly decreases due to United States Federal Bank policies and war and so on..
Now Bitcoin price has formed a double top pattern, So I think it will continue down maybe until 19-20K or further down if these policies continue.
It may seem we are entering the winter season!
Take care of your asset
Goodluck!
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that till now BTC recoverd well and bounce almost 4.5% from the support level after printing a low of $26800.
Currently BTC is trading below the resistance level 2hrs left for a candle close.
Candle close above will be great for bulls and it can rally towards the price level of $29k.
Rejection from this level will lead BTC to its lower levels which are $22k to $19k.
Let’s see how BTC performs in upcoming hours and will it be able to recover more or will get rejection.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTCUSDT Channel AnalysisNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
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Channel Analysis
Beat is currently testing its four-hour pay channel, breaking down
If I succeed in the test, I will go down further, and if I fail, I will go back into the channel and try to go up again.
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that BTC just broke its crucial support level and now heading towards its lowest price level $26700 since last 31 days.
Here bulls need to take charge and show some recovery in BTC other wise loosing the $26700 will end up things and lead BTC towards its lowest price level which is $19k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC AT IT'S CRUCIAL SUPPORT, WHAT'S NEXT?Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we are again witnessing the uncertain dump in BTC, it is again unable to sustain the price level of $31500 and losses almost 11%.
BTS is currently trading on a green support zone, here green zone and the lower trend line are the crucial support range for BTC.
If BTC can hold the support range and prints any bullish divergence, BTC will recover soon, but a candle close below will lead BTC to its lower levels which are $25500 - $26500.
Let’s see how BTC prints the upcoming candles and how ALTCOINS reacts.
If BTC holds this level then an interesting week ahead to watch.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 4HR CHART UPDATE !!
Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that BTC again dropped down at the support lower support level and bounced.
Here if we consider the previous scenario BTC should gain more % from the current level towards the the upper resistance level which is the price level of 32k.
Candle close below the support zone will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC/USDT 1hr CHART UPDATE!!
Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that BTC printed a sharp dump candle of 2.5% and wickoff from the support level.
Do not panic here, it will recover soon.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 1HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can observe from the above-mentioned chart that BTC in LTF trading inside a channel pattern and touched the lower support zone again and bounced.
Although HTF BTC is at the accumulation phase, BTC will again gain some % to rally upside towards the upper resistance zone or trend line.
Here nothing much to tell in this chart until BTC is able to brake the upper resistance trend line.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 4HR CHART UPDATE !!
Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As my previous chart got invalidated because BTC again failed to sustain a price level of $31600.
BTC was again rejected for the 5th time from the red resistance zone and dropdown almost 7.5% from the resistance zone.
Currently, BTC is trading at the price level of $29300 and still an hour left for a candle close.
Below BTC has two support levels one is local trend line support and another one is the most crucial support zone for BTC.
Here BTC needs to hold this local support and close above otherwise green support zone is the crucial support to hold.
Let's see how BTC performs in the upcoming hours.
A candle closes below the green support zone will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 2HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the above-mentioned chart that 2 different color markings have been plated to showcase the scenario study in BTC in 2hr time frame chart.
It is Cleary can observe that BTC till now followed the previous scenario where at the bottom support level BTC consolidated by moving upside and pumped almost 6% and again printed a big green towards the upper resistance zone after another consolidation which is denoted with a yellow circle.
In the current scenario, BTC is again in consolidation face so here we can expect a bounce from here at any time towards the upper resistance level.
As result, BTC needs to break above the local resistance level to rally towards the price level of $33k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTCUSDT Analysis (2 possible options)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
two possible options on the chart,
for me the priority is upward movement in 34-37k zone,
but if we get a local update of the low, then after the correction we will go down to 24-25k
The choice is yours.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT will create the bottom then fly!Hello, everyone!
As you know, bitcoin is now in bearish range, need to pullback. I’m not waiting the huge crash from this range! In technical view BTC try to double bottom in $25.7K range. And then fly to $37K! So ready for ride!
Remember, there is no place for luck in trading - only strategy!
For best result in trading follow these rules for best result!
1. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
2. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
3. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
5. AND MUST CHECK THE DIVERGENCE.
💥Bitcoin 2022 Roadmap to $19k & $16k#Bitcoin Update🔥
Technically, we are repeating the same movement as in 2017.
Bitcoin dropped by -84% from all time high from $19,799 to $3,159.
As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017.
This same setup is repeating itself. The current bear cycle started in November 2021 . So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000.
Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Two Paths to follow (BTC)BINANCE:BTCUSDT
Bitcoin long term analysis:
According to recent events on a macroeconomic perspective and TA on the weekly chart I conclude on two different paths Bitcoin can take.
The positive side:
analyzing with diagonal resistances one is be able to notice that Bitcoin's support is around the 34700 mark. From this point, if the price action were to close above this trendline and hold support this would be the bullish scenario (ABC Correction after the bearish Elliot Wave from ATH). It is hard to consider a new ATH is possible because of all the macroeconomic narrative. Bitcoin is highly dependent on NDX,SPX and DJI. Don't forget it is also highly dependent on the DXY which is facing strong resistance which is bullish for bitcoin if it is unable to surpass this resistance (103-104 level). If the DXY index declines and the other three main indexes continue the uptrend Bitcoin will be able to reverse the bear trend we are currently on the weekly chart. I modelled it with a bearish Elliot wave which in my hypothesis ends exactly on the 34400 support and then I would expect a bounce to the upside from this point forward.
The negative side:
I consider this side to be the most realistic one. At the time of publishing the DXY is very close to close above the 103.878 price and yet we have two more days to finish this candle. If it closes above and current resistance turns into support with a bounce, probably BTC and other stocks are doomed to continue on downtrend. The 2021-2022 bull run would be over on my opinion and I would expect a bear market lasting for over a year until the next halving for Bitcoin. The MACD indicator shows a possible bearish cross which could be a leading indicator of bearish continuity.
This is what I see, hence I wanted to share.
Happy Weekend and remember to trade safe.
BTCUSDT Elliot Waves (GLOBAL VISION)Hello friends.
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Everything on the chart.(update)
(sorry for dirt,working chart)
the triangle is canceled, so I switched to the the ending diagonal as a main
Target zone: 90-140k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Elliot Waves (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
(sorry for dirt,working chart)
two options:
white - if we have a running triangle,
blue - if the ending diagonal.
Cancellation of triangle - decline under 33k
regardless of what will be formed in the medium term, I am waiting for an upward movement and a new ATH.
Target zone: 90-140k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.