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Btcusdtoday

BITCOIN TO 54K OR 44KBtc followed the last analysis i published and its currently trading at the previous high ($50.5k), chart indicates a strong resistance zone that'd make it vulnerable to a huge fall to 44k in the event it fails to break. Double top pattern also seems feasible as the uptrend was effected by a double bottom which is basically how a double top evolves. Before taking a new long position wait for a close above the previous high with a valid retest. All other vital have neen provided on chart. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
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by Pearl-A
BTCUSDT ASCENDING CHANNEL -$51K OR $42KBTC/USDT - The start to the current position of bitcoin in the rising channel indicates the price action with bullish patterns formation. Most of these listed patterns that have played out are double bottom and bullish divergence. Presently, the two patterns are in play but the second bottom got rejected at its first trial to break the resistance level($48.1k - $48.5k). Bitcoin seems to be making a pullback to $46.8k(support level), if support fails to hold price is plausible to fall drastically to the indicated spots on chart and if support holds, it's likely we see an uptrend reversal for another trial to break above the resistance level. All info on patterns, price targets and all have been provided on chart so observe well before taking any position. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
2
BITCOIN: Bull run, or no...?Are we just going to high five each other as this thing goes on its bullish trek? Or .... Are we going to recognize the huge bearish divergence that has developed? Are we going to ignore the D1 bearish order block price is swimming in right now? What about that retracement right to a fib golden zone level? Is this the time now for more buys?? Or... Should we consider TP if in longs? Taking partials, perhaps? Maybe even taking short term sells?? Hmm.....
BITSTAMP:BTCUSD
by RT_Money
11
BTC DESCENDING CHANNEL - 19K or NEW ATHThis analysis has been listed on my published post since june and its currently in play. The chart shows a vivid price movement of btc since the onset of the last ath and presently we are close to the lower high of the channel where btc could possibly get rejected or breakout. Price is at a strong resistance zone ($45.5k), failure to break could take price down to 42.5K and a reversal to the lower high of the channel is highly expected. The pattern implies a price trend to 50K - 51K then to a new ATH or back down to 19k which is a essential demand zone for btc to retest. All vital info have been provided on chart, take your time to delve. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
5
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. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
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. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
by Pearl-A
2
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. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
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by Pearl-A
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. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
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by Pearl-A
2
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.
by Pearl-A
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.
by Pearl-A