Bitcoin - No change in technicals or fundamentalsOver the weekend, Bitcoin stayed primarily flat, trading near the 20 000 USD price tag. Volume levels continued to hover around monthly lows, and the projection of the downward-sloping channel became even more distorted, ruling out its existence.
Regardless, we have no reason to change our bearish bias. Fundamental factors and technical factors still continue to support our bearish view. Accordingly, we stick to our price targets for BTCUSD, which are at 17 500 USD and 15 000 USD.
Illustration 1.01
The picture above shows simple support and resistance levels for BTCUSD. The breakout below the immediate support will further bolster the bearish case for Bitcoin.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Btcusdtoday
BTC: DO OR DIE SITUATION!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC is forming this expanding triangle pattern in the daily time frame.
currently, at the lower support of this pattern, we can expect a bounce from here according to the pattern but In case a daily candle closes below this lower support of this pattern will invalidate this pattern.
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This chart is likely to help you make better trade decisions if it does consider upvoting it.
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#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is moving sideways in a range, in between the marked horizontal support and resistance zones. It broke out descending trendline resistance in the recent bullish move and currently retesting it, a successful retest will result in a bullish move, while further consolidation can be expected until we see a sustained breakout or breakdown.
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BTCUSD (High Probability BUY Setup Soon)Here we can clearly the next move for BTCUSD, baring in mind we in a very strong Bearish (SELL) Mode, hence this is a Scalping Sell Setup we’re having here, we’ve got our EP (blue line) & our TP (golden line), keep a close eye on your trading setup, happy PIP hunting trader.
#BTC is forming this bullish falling wedge pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
If we look at the 4hour timeframe BTC is making this falling wedge pattern if it breakout this pattern with confirmation then according to the pattern it can pump up to 16%.
RSI is making this bullish divergence move
In case this pattern will invalid then it can drop up to the 18k as I mentioned in the last update.
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#BTC MUST BOUNCE FROM HERE, IF NOT THEN BE READY FOR A DUMP!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
If we look at the 4hour timeframe BTC is making this falling wedge pattern if it breakout this pattern with confirmation then according to the pattern it can pump up to 15%.
RSI is making this bullish divergence move
In case this pattern will invalid then it can drop up to the 18k as I mentioned in the last update.
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WIL BTC BE ABLE TO HOLD THIS SUPPORT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame.
if it retests this pattern successfully then according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC is consolidating in an ascending triangle. As we are seeing strength from both bulls and bears and currently BTC is also trading above the point of control level.
This is a very crucial level and we've to wait for a breakout with a retest to confirm a bullish move, while a sustained breakdown of the POC level would target the horizontal support.
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WIL BTC BE ABLE TO HOLD THIS SUPPORT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
One more daily candle closes below the lower trendline.
The Bulls seem to be losing momentum but still, BTC is holding above the trendline as support.
A liquidity grab might be a possible scenario, while a solid breakdown would be a bearish sign for BTC to move towards $19K support.
Stay tuned
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BTC: ANOTHER BEARISH SCENARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
The process has started for #bitcoin. Recovery is now very difficult.
The flag down a break that I shared yesterday has also arrived. I think we are now in a new and hopefully recent downtrend.
what's your opinion? Will the sharp decline continues for #btc or will there be a recovery?
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BTC BEAKDOWN THIS BEARISH FLAG PATTERN!! WHAT's NEXT?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame and currently retesting it.
if it retests this pattern successfully then according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
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BTC: BREAKS DOWN THIS RISING WEDGE PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this rising wedge pattern in a 4hours timeframe.
we have 22750$, 21600,19k as support.
According to this pattern, BTC will drop up to the lower support which is around 19k.
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BTCUSDT ! Key level is broken, Very bullish candlesticks Last 1 month Bitcoin was wrestling with the key level; $24,500. But it broken through on Aug 12th. The resistance level tested three times before gravestone doji candlestick formed which indicates the resistance line had broken and it became support line. As once was the strong resistance line becomes support line, it gives traders confidence to take long position.
BTC/USDT UPDATEHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
After the breakdown of the $28.8K level, we have seen a fast down move and BTC bounced hard with an extreme volume from $17.6K level bulls continuously defend that level by creating each higher low in ascending order.
Currently, it has done a breakout of ascending triangles and trying to give a close above the previous higher high. The retest above the last high would be a sign of a fast bullish move as from the area where price comes down fast, it goes up fast.
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#BTC(Update)
one again BTC is trying to break this ascending triangle pattern 4hours candle closes in 47min let's see if it will be able to close above this upper resistance of this pattern.
or it will be a fake-out again
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WILL BTC BE ADLE TO BREAK THE LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
one again BTC is trying to break this ascending triangle pattern 4hours candle closes in 47min let's see if it will be able to close above this upper resistance of this pattern.
or it will be a fake-out again
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BTC: ANOTHER BULLISH SCHNARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this Descending Broadening channel in 1day timeframe.
We can expect a good rally from here but IMO never trust BTC in case of a breakout it’s always surprised us.
BTC breakout this 137 days resistance so most probably it will bounce
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BTC: BREKOUT THIS ASSCENDING TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
BTC breakout this ascending triangle and is currently holding this horizontal support. It has created a fake-out in the previous higher high move, so this is an important situation that it may do this time too.
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BTC: TRADINGNG INSIDE THE TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is moving in an ascending triangle and is currently rejected from the horizontal resistance. It has created a fake-out in the previous higher high move, so this is an important resistance to observing a breakout with a successful retest for the confirmation of a bullish trend. At the same time, a sustained breakdown of the ascending triangle would be a bearish sign for it.
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USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop according to the pattern.
If it breaks this red line resistance the chart will be invalided.
stay tuned
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BTC: breakout this bullish flag pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC breakout this bullish flag pattern in the 2-hours timeframe.
According to the pattern we will see really towards the $25500 so we can go for a long.
SL WILL BE SIMPLE SHORT IF ANY CANDLE IS CLOSE BELOW THE UPPER SUPPORT OF THIS PATTERN AND IT WILL ALSO INVALIDED THIS PATTERN.
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#BTC UPADTE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
As I mentioned in my previous update that BTC is forming this falling wedge pattern in a 1hour time frame and according to the pattern we can expect a 10% rally from here.
As expected BTC breakout, this wedge pattern and bounce and currently lying on the support of this 100ma RSI are showing some bullish diverse moves.
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