Btcusdtoday
BTC AT CRUX STATEThe current state of btc is crucial and a lot are probable at the moment. As indicated on chart, btc was rejected twice at 46.5k and ending up with a double top. In the event we see a breakdown in btc, the indicated support line should hold and a bounce back is probable which could give rise to an ascending channel (hidden fact for a continuation pattern to the upside). If current support hold then btc might bounce from here to the moon but the double top is likely to play out. Before taking position, watch out for confirmation of the possible scenarios.
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BTCUSDT UPCELLAR TREND - 50K OR 39KAs illustrated on chart, btc has been following a rising channel with a breakdown along line and back inside the channel in a stair way trajectory. The current position indicates a strong support but could go either way to the specified target if support fails to hold. Btc might be up for a new trend but until then let wait for the next price action.
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BTC DETAILED ANALYSISBtc continues to follow the predictions on my previous chart which insinuates short term bullish and long term bearish. Yesterday, BTC broke out of the descending trendline analysed from the previous ATH and this clearly show sign of bulls in short term to the previous highs. Considering a break from the descending channel, does that insinuate a reversal trend back to bticoin's ATH at $64.5k, well that's probable if only btc can break into the ascending channel formation at the last bull season. My expectation is a kiss at the higher low of the channel then we'll be back to bear season but that'll be sad. You can checkout my full chart analysis of "BTC SHORT TERM BULLISH & LONG TERM BEARISH" in related ideas at the bottom page.
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BTCBUSD HEAD AND SHOULDER PATTERNBtc made it up to 42k but ended up at the lower high of the descending channel and with a double top pattern which is the head of the pending pattern. We saw a reversal pattern to the neckline(lower low of the descending channel) since the new high. Btc is probable to make up the right shoulder and very likely we start to see a new downfall if it fails to breakout of the channel.
All info on prices at support and resistance zones have been provided on chart.The spaced lines indicates support and resistance zones. Observe well before taking position.
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BTCUSDT CRUCIAL ZONEBtcusdt has been trading in a vivid falling wedge for a while but I'm skeptical on why a falling wedge should have a negative dent on cryptocurrencies as a whole. Right inside the wedge , I was able to identify a formation of descending channel leading us straight to the edge of the wedge . We could prolly see a breakout from the wedge or the descending channel could be in as a continuation pattern to retest the previous supports but all the same the rise to 36k or perhaps beyond is still inevitable. I'd be glad to see your reactions to what i conceive. Like my post if its helpful and follow up for more.
BTCUSDT WEEKLY CANDLE CLOSEIn the past seven weeks, all the weekly candles of bitcoin closed above 34.6k while the current week's candle is still trading below 34k. The support has been holding for long and hope it still hold before today runs out. If bitcoin should close below the support zone at 34.6k then it's certain we'd see retest at 32k at the lower low on the descending channel on 1hr tf and in the event, the 32k support doesn't hold too, we might see a retest of the previous supports. The week's candle would close in 4hrs to this time and hope it closes above so we can start to see new uptrends in btc.
BTCUSDT Technical Analysis Update H4
Welcome back Traders, Investors, and Community!
Hi Traders, BTCUSDT on the H4 has broken above 33957.0 and even didn’t retest it before it moves higher and it seems that it has a potential to go to the Major Resistance Zone.
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BTCUSDT Bearish Trendline 100%As per my analysis, BTC going same as I told you. It's time of market correction. And, it is the last stage of this. BTC will go down upto $19k. Next three five days most important because, in this five days BTC drop down up to $31K. After five days, I'll told your further in detail.
These is my last analysis same as I told :
June 12 Analysis (for detail visit profile and see my previous analysis on btc)
June 04 Analysis (for detail visit profile and see my previous analysis on btc)
BTCUSDT Technical Analysis
Here on the 1 hour time frame we see that BTC is in a Bullish channel and has got 3 rejections from the Support line. On the other hand the price is right at the previous Resistance turned into Support which is suggesting the price might go higher from this level. If the Pullback happens it must be around 37978.0
TP1 @ 39690.0
TP2 @ 41078.0
TP3 @ 43748.6
SL @ 37365.0
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BTC FULL ANALYSIS [GYAAN FAN & DESCENDING CHANNEL]Chart shows a descending channel and a gyaan fan comprising the series of candlesticks and patterns since the onset of the last bullrun. Btc still continues to follow the channel with a surprise breakout of the descending triangle,the current move seems to be a retest at 37k zone which was the previous resistance. A successful restest will ratify an uptrend to 42k while the opposite which is a close inside the triangle would signify a fakeout which could take us back to 29-32k support zone, if support is lost then the last bottom (20k) is near. If an uptrend to 42k follows and closes above the descending channel then i'd could say its the end of bear season. My believe and critique clearly insinuates the positive result on btc is guaranteed, it could be the best time to stake your favorite coins because for every rising wedge there'd be a downfall back to the key level(support) where it was being bullish. We have reached the key support level at 29k and its about time we see a new trend. Be advised this is NFA but my what i concieve on btc. I'd appreciate your opinions on my critique and your likes too. Follow me for more helpful contents.