#BTC is forming this ascending triangle 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 is making this ascending triangle pattern currently it is at the upper resistance of this pattern IMO we may drop one more time to the lower support of this pattern and then we can expect some good bounce.
We do confirm this pattern we need a conform breakout and retest of this pattern then we can expect a 12% bounce according to the pattern.
Stay tuned and don’t forget to like this chart.
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Btcusdtrading
#BTC UPDATE 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 is on the verge of a long-descending trendline. MACD crossover appears to be bullish. RSI is indicating bullish divergence. 2017 bull run high is acting as key support. October is generally a bullish month, yet the most significant is an effective breakout to look for the bullish affirmation.
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BTC Market Analysis 29/09/2022BTCUSDT pumped after the breakout of its symmetrical triangle but later it got rejected from the horizontal resistance which was also the main target of this symmetrical triangle. Currently $BTC is now trading above its key support levels which are marked in the chart i drew above.
If we see some Bullish Momentum here then there will be a bullish sign for BTCUSDT and overall ALT markets, on the contrary if there is a succesful breakdown below the current demand zone, it will then confirm a bearish move in the BTCUSDT and overall cryptomarket.
Let me know what you think!
MetaFutures.
#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 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.
I would also love to know your charts and views in the comment section.
Thank you
#BTC: What will the next move?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 making a descending triangle pattern which is a bearish pattern but we have these two important support 18.8k and 17.8k. If it can hold this support then we can expect a bounce back soon.
If BTC breaks down and closes below this support level then the descending triangle will play its part.
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#BTC AND USDT DOMINANCE COMPARISON!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction.
Tether Dominance
- Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different.
- It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time.
- Since Tether (USDT) is a stablecoin that tracks the USD, an increase in Tether's dominance suggests a pullback or correction in cryptocurrencies.
- A simple way to understand it is to think of USD flowing in and out of the market.
- On the other hand, if Tether's dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market.
- If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black).
- Key support and resistance zones for Tether dominance are marked as well.
- As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards.
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#BTC SHORT TERM UPDATE 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, BTC broke this bearish flag pattern in the daily time frame currently, it looks like retests of this pattern which is not suitable for the whole market, according to the pattern it can drop up to 42%.
In a shorter time frame it lying on this local support and it is making this expanding triangle pattern we expect son pule back from here.
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BTC: retesting this flag pattern! which does not look goodHi 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.
currently, it looks like retests of this pattern which is not good for the whole market, 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 is at resistance, 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)
if we look at the daily time frame BTC is at the resistance of $21500
As I always say to wait for confirmation so this time too we have to wait for a conform breakout but in case it got rejected then it will drop up to the lower support which is 18500k
we need a breakout of this big descending channel if in case of big really
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#BITCOIN Bulls Have been Defending the Crucial Support..!!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 still trading inside this bullish falling wedge pattern if it breakout this pattern with confirmation then according to the pattern it can pump up to 17%.
RSI is making this bullish divergence move
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#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 6-hour 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 17
%.
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: 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.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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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.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#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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#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.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#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.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#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.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#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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#BTC breakout this Descending Broadening Wedge!!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 Wedge in 2hr timeframe.
We can expect a good rally from here but IMO never trust BTC in case of a breakout it’s always surprised us.
The majority of Traders/Influencers were Talking about 10k-12k-14k in case BTC did fake out this breakout.
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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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BITCOIN CONSOLIDATING & PREPARING FOR UPSIDE.BITCOIN CONSOLIDATION & PREPARATION FOR A MILD BOUNCE FROM THE ASCENDING TRENDLINE.
Bitcoin has been consolidating on the ascending trendline which had been established over the past 2 months since its price bottomed in mid-June. The move looks to have been completed & relief on CAPITALCOM:BTCUSD price seems to be in the works.
RSI
The RSI on the 1H is at 30 (barely oversold), RSI on the 4H is at about 26 at the point of writing, and on the 15M, we can see RSI at the mid-range of 50. On the macro time frames the signal would be that after the latest capitulation move CAPITALCOM:BTCUSD is ready for relief & we should be eyeing a move to the ~61.80% level to the ~38.20% Fibonacci levels.
BB%B
The BB%B indicator with a longer period of 75 shows that there has been a double bottom of price action, which is also reflected on the chart at the support levels of $20,800 where the price has already bounced twice. We can expect to see a strong expansion or oscillation of the indicator to the upside above 1.0 readings over the next 36 hours from the writing of this post.
Targets
Based on the cyclical timeframe measurement, we should be able to expect the price to hit targets of $21,550 within the next 24 hours of the time of writing.
The secondary target for the relief bounce of price would be $21,795 within 48 hours of the time of writing based on the cyclical timeframe measurements.
If you managed to fill your entries around the $28,000 levels, you could expect a 3.18% move to the upside at target 1 ($21,550) & a 4.56% move to the upside at target 2 ($21,795).
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As usual, this piece of analysis is simply my perspective & due diligence is imperative when you are entering your trades.
Leave a like or comment if this piece of analysis helped.
Good luck trading.
NOIV