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BITCOIN what is the next target? 📖💡📖Hello 🐋 based on the chart, the price is in range zone and possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖 so range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 beside brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view before huge gain ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
9
BTC Swing Long After 85% Bear MarketBTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has us dropping into the depths for a real capitulation, shaking out all of the weak hands and making everyone lose hope before finally putting in a bottom right before the BTC halving. We should see a real bottom in December of 2023 if this is the case.
INDEX:BTCUSD
by DigiLex_LLC
BTCUSDT Analysis for taking Positionsi did BTCUSDT Analysis on 1D 4H and 1H TF! i have clearly mentioned the exact Entry and Exit positions for Long and Short. Do watch for volume and i don't believe in indicators only price action & volume is the key! These both positions are strong to enter and take profits. BTCUSDT Analysis on 1D 4H & 1H time frame ⏰. The blue line is 24H TF TRENDLINE! STOPLOSS IS MUST! THIS IS NOT A FINANCIAL ADVICE. JUST SHARING MY IDEA WITH YOU GUYS. Trade safe. :)
by malikhaseeb7
BITCOIN stoploss hunting and again more correction 💡Hello 🐋 based on the chart, the price has chosen to fall again and break out of the parallel channel has been completed 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
9
BITCOIN needs more correction for further gain ❌🧨Hello 🐋 based on the chart, the price has chosen to fall again and break out of the parallel channel has been completed 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
10
BITCOIN needs more correction for future gain ❌🧨Hello 🐋 based on the chart, the price is close to the channel resistance, resistance area 📖💡 for any other huge pump, we need more correction to the downside 💡📖 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
14
#BTC will break this resistance or we will see a pullback?#BTC UPDATE On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge. A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support. Let's understand deeply Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023 Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network. The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings. Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability. In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
8
BITCOIN gain after correction to the downside ❌🧨Hello 🐋 based on the chart, the price is close to the descending channel resistance, resistance area and breakout of support to the downside completed 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
16
BITCOIN range market and with potential of correction ❌🧨Hello 🐋 based on the chart, the price stick in the range market cycle and it is temporary 💡📖 beside it is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
20