BTCUSD is forming ascending triangle.BTCUSD should wait for potential breakout to continue its rally at 31200 USD.
BTC is forming ascending triangle pattern after bullish primary movement.
We should wait BTC to break the resistance at 28.888 USD and expect to continue move higher with target price 31.200 USD.
Btcusdtlong
SasanSeifi 💁♂️BTC/1W ⏭ $30.000 / $32.000⬆HI Everyone✌As you can see, after being rejected from the important $24250 range, BTC faced buying pressure by filling the FVG range and was able to grow to the $29000 range.
Currently, the price is trading in the range of $27500. Considering the failure of the important resistance of $25,250, we can expect the price in the long-term time frame, after a slight correction from the range of $25,300 / $24,600 / $22,900, to continue to grow up to the desired targets of $30,600 / $32,400.We have to see how the price will react to the support ranges. Otherwise,If the price penetrates below the $22,900 range, the possibility of further correction can be considered.
Keep in mind that for the $36,300 target, it is important to stabilize above the $32,000 range.
❎ (DYOR)...⚠⚜
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BITCOIN 1h Flag!BINANCE:BTCUSDT
Bitcoin sitting in a Bullish Flag.
Possible retest of 50MA providing re-entry ideas for further upside.
1h is quite low time frame so decision making is more rapid but have Plan A, Plan B scenarios.
Possible Short to support 28.8k zone on bearish retest of flag breakdown.
Possible Long once flag breaks for continued upside - for target ideas, please see yesterdays post: BITCOIN Massive Move!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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BITCOIN Massive Move!BYBIT:BTCUSDT.P
BTC has been consolidating for almost 3 weeks in a possible ascending triangle.
On the breakdown of the ascending triangle look for Long entries at the 25200 zone as a textbook pullback.
Many buyers will be lurking here, but wait for the confirmation of buyers stepping in via a bullish trigger - hammer candlestick or engulfing or combination.
On breakout of ascending triangle one could possibly look to go long with upside targets marked to $38k zone.
Set your alerts and don't predict but be prepared for the move once Bitcoin shows it's hand.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTCUSDT 4H tf UPDATE & NEXT EXPECTED MOVEbtc currently trade at 29900$.
overall we are waiting for cpi date results.
if cpi date come positive then possible we btc price at 32000$-35000$ in comming days.
so if cpi data come positive and bitcoin touch its local support area 28500$ before cpi data then we open position in longs... and our sell targets we set around 30k$-32k$.
if cpi date come negative then possible we see btc price at 26500$ in comming daye.
on 4h tf indicators : rsi & macd looks bearish but on daily tf btc still looks strong.
follow me for more updates.
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BTCUSD | Market outlookThe positive dynamics are constrained by two main factors: a decrease in the risks of a banking crisis and increased pressure from American regulators on the activities of cryptocurrency platforms. Thus, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the largest exchange Binance and its head Changpeng Zhao, accusing them offering derivatives to American clients, helping to bypass the control program, and conducting insider trading. The situation can lead not only to significant penalties but also to a complete ban on the company's work in the country. Later, the Securities and Exchange Commission (SEC) accused the Beaxy trading platform of illegally distributing the BXY token, which is a security, in the amount of 8.0M dollars. The agency is already suing Ripple, Genesis, and Gemini, continuing to put pressure on the digital sector. At the same time, lawyers note that US officials still cannot agree on how to classify cryptocurrencies: for example, they are designated as goods in the CFTC lawsuit, and as securities in the SEC lawsuit. The lack of clear regulatory rules is already making many representatives of the cryptocurrency community think about moving business from the United States to other regions, primarily to Asia, where digital assets are treated much more loyally.
BUY Bitcoin This time Bears might finally give up on 28800...!BUY BUY BUY
Bitcoin is making higher highs higher lows on 1H time frame
It's at the very edge of valid trendline shown in the chart so if bitcoin takes support at this trendline We may enter a mega bull run in recent times .
My view is bullish hope this time Bitcoin breaks 28800 ....Happpy trading
BTCUSDT may head to daily support before bounceThe price is moving in the south direction and probably aiming for the daily support. Currently at a light support around 27675 but probably not gonna hold. This support is a wide range and likely to provide a good bounce. That would make a long favorable from that level. However, in order to minimize the risk a conservative entry from the lower side of the support zone should be favored.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
I think that locally, the last upward movement to the 29-30k zone is missing,
then I expect a smooth decline on bitcoin to the 25-26k area and the fall of its dominance.
After that, the final movement to the area of 31-35k where I will close the position that I gained on 18k.
Good luck everyone!
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BTC/USDT MID-TERM BTC/USDT
The average check of Americans came out 0.1% lower than expected, which means that even the core inflation is decreasing faster than forecasts.
This means that the Federal Reserve may not raise rates at all at the next meeting (at least, the probability of this event is definitely increasing now).
And if the rates are not raised, then there will be less pressure on liquidity in the financial system, which means there will be more money left for risk assets (like cryptocurrencies).
Bitcoin is once again testing the upper boundary of the sideways range. If there is a successful consolidation above the TP1, a direct path to the targets shown on the screen will open.
Moreover, there is a feeling that in this scenario, these targets will be reached quite quickly , as a very large volume of liquidity has been traded over two weeks in a limited range. \
NB! Retrace from 30k (psychological level) could happen till 25k to liquidate bulls before huge move.