BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC breakout this symmetrical triangle pattern now it will come back to retest the upper resistance of this symmetrical triangle which is around 42k.
so, let's see how the market reacts in a few hours
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BTC/USDT Break above 40k! what's next?Welcome to this quick update, everyone.
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As per my second scenario, BTC went up. Now it is around $43200 it is having $40 - $40.5 level as resistance.
First scenario: we may re-test 42k and then we are expecting a Bounce up to $48k but we have some local resistance as $46k.
Second scenario: If we do not go for a retest at the 42k level and break the 44k direct then it can Bounce up to local resistance.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
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BTC/USDT 2 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC fell yesterday because of Putin's tweet. now it is having $38800 as a resistance.
First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
here we have 100 ma as a local resistance.
Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.
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BTC 3 DAY Technical AnalysisWelcome to this quick update, everyone.
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Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly, as well as 3-day candle closing above $38k things, will get better in the short term.
Still, It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios, there are some confirmations for which we will wait and I will keep you posted.
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NEXT TARGET 44K LEVELWelcome to this quick update, everyone.
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BTC break this 38900 resistance level and close above it now it is being retested. expected a bounce from here up to 44k level but we have some local resistance as 39800 and 100 ma let's see we can break this may or not.
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BTC/USDT ANALYSIS 4H TodayBTC/USDT ANALYSIS 4H
BTC several times reject after hit resistance on $39.5 - $40k.
Rsi bearish divergence 1H timeframe
possibility BTC make inverted head and shoulder pattern if can't sustain support trend line
We've wait confirmation BTC breakout from key resistance or retest for make inverted head and shoulders
IHNS fail if BTC can break and sustain $40k zone area
BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC IS STEAL GOING AS MY SECOND SCENARIO
BTC breaks out this bullish expanding triangle now it is retesting. But there is a local resistance of 50 ma which is at around $39,800 level. Let's see the price can break this ma or not.
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BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
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BTC IS GOING AS MY SECOND SCENARIO
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
EXPECT A BUNCE FROM 34500K LEVEL.
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BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
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As I mentioned in my previous BTC chart that BTC will bounce from the $36500 support level and it bounced.
now, we are having $38000 and this blue line as resistance.
The first scenario- If BTC break and close outside this upper resistance of this bullish expanding Triangle then we can accept A bounce up to 40k.
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
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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 ($43.1k). Sooner or later, we'll ascertain the next possible move with the help of the lower time frames but for now, bitcoin is absolutely bearish.
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BTC/USDT 1 HOUR ANALYSISWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
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I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous BTC chart that BTC is forming this bullish expanding Triangle as I said that BTC can drop up to 36500$ 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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I have tried my best to bring the best possible outcome in this chart.
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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