Btcusdtrade
BTCUSDT HARMONIC PATTERNS - RISE TO $53K OR BREAKDOWN TO &31KHiii Cohorts!! Trust y'all are doing great? It's been a long time i made TAs on cryptocurrency though it's bad meeting btc at the edge of a cliff. Well, this was very much expected because of the price action of btc completely corresponds with the technical analysis. At the moment, btc has formed a bullish inverse and head and shoulder pattern after an voluminous dip from $69k but now starting to get futile due to the triple rejections at the weekly resistance level ($45.7k). Now, bitcoin is probable to follow the harmonic pattern in the descending channel if it fails to close above the weekly resistance ($43.1k) which will ratify a possible era of a new bull season. The harmonic patterns have been playing out consistently since the second time bitcoin survived ($30k support level) in july 2021 which is now regarded to as a major support level for bitcoin. The current state of the crypto market is still bearish until we see a reverse above the weekly resistance ($43.1k). Sooner or later, we'll ascertain the next possible move with the help of the lower time frames but for now, bitcoin is absolutely bearish.
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BTC/USDT 1 HOUR ANALYSISWelcome to this quick update, everyone.
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As I mentioned in my previous BTC chart that BTC is forming this bullish expanding Triangle as I said that BTC can drop up to 36500$ now it is lying on the support of 36500$ we are expecting A Bounce up to the upper resistance of the expanding triangle.
If BTC breaks this 36500$ support then we have local support, of 35500$ and a very important support level is 34500$.
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BTCUSDT DAILY Short position indicators explained in short formReferring to below chart on daily BTC USDT , indicators are leaning short .
4 EMA aligned to bear side
55 MA and 200 MA aligned with possible convergence to death crossover bear version expected in next days .
AO in red and negative space below zero
MACD crossing down through zero level towards negative space
Money flow pointed downwards
RSI STOCH apparently overbought however to be observed carefully as this is NOT a lagging indicator and can switch quickly to remain at high levels . To be determined.
BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
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In a shorter time frame BTC break out upside this bullish falling wedge pattern and will come to retest the 39800k support level we are expecting a bounce from there up to 40k.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC breaker the 39k support but Candle is not closed yet! now we have a 38800k level as support let's see how the 4-hour candle closes.
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BTC/USDT 6 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart In a shorter timeframe BTC is making this ascending triangle pattern we are expecting a bounce from this 39800$ support level so let's see how it's going.
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BTC/USDT 1 DAY UPDATEWelcome to this quick update, everyone.
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My previous BTC chart has been invalided so now As we can see in the chart that BTC is having 39400 and 38800 as a support level so we are expecting a bounce from this level but for confirmation let's see how the daily candle closes.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart BTC is lying on the support of this ascending channel pattern and 21MA also we expect a bounce from here to 46k level resistance let's see how daily candles close.
RESISTANCE LEVELS are 44800k and 46k level.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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As we can see in the chart BTC is lying on the support of 43900k we expect a bounce from here to 46k level resistance let's see how 4 hours candles close
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BTC BREAK OUT 43K WHAT's NOW?Welcome to this quick update, everyone.
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BTC is going as my first scenario it broke and closed upside the 43k resistance level now it has the support of 50 ma and 43k level.
Expected a bounce from support levels up to 46k level.
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BTC/USDT 4 HOURS UPDATE Welcome to this quick update, everyone.
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As I mentioned in my higher time frame chart that if BTC Breaks and closes downside the 42k level then it will drop up to 40k-39k support level. Now broken down is done we have to just wait for 4 -hour candle closing.
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BTC/USDT 6 HOUR ANALYSISWelcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous BTC chart that it will come back to the retest 43k level and it retested successfully now expected a drop up to 40k level and if BTC retests to 40k level then we will make the bullish head and shoulder pattern.
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BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous chart that if BTC broke and closes downside at the 43k level then expect a drop up to 40k now it is broken.
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WIL BTC GO TO RETEST 40K?Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see BTC is moving between support and resistance for 4 days now it is again at the support of 43k level expecting a bounce from here but if BTC broke and closes downside at the 43k level then expect a drop up to 40k.
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