BTCUSDT correction required!In technical view BTC create very classical head & shoulder pattern with bearish divergence!
And breakout bearish flag!
Btcusdtrend
BTCUSDT ShortBTCUSDT Gonna short!
Here is 2 big confirmation.
1. Create Head & Shoulder
2. Bearish Flag
BTCUSDT create H&SBTCUSDT gonna bearish, Head & Shoulder patterns done!
**Disclaimer** the analysis or idea to change at any time market volatility issues, and its provided for the sole purpose of assisting traders to make independent investment decisions.
BTCUSDT Gonna Bearish For SureBTCUSDT Gonna Bearish, BTC create hidden Bearish Divergence This time!
1st TP: 53360
BTCUSDT Gonna BearishBTCUSDT create double top, Now starting to fall!
**Disclaimer** the analysis or idea to change at any time market volatility issues, and its provided for the sole purpose of assisting traders to make independent investment decisions.
btcusdt THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
BTCUSDTHi To All . My Vison IS Clear In The Chart .
Target IS Around $9400
If You Agree Hit The Like Bottom And Support Me With Following.
The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.
BTC/USDT - Return to your level. I see two scenarios from here.
Scenario One: Break-down the resistance and go up.
Scenario Two: Break-down of the support and move down.
Resistance level is 9950$.
Support level $9450
At 1d timeframe the trend is growing.
At 4h the timeframe trend is growing.
On 1 hour sideways movement
You can see that there are raising lows.
There's a squeeze in the $9950 level.
Waiting for the breakdown scenario.
4H:
1H:
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
BTC Trend Update 24/04Yesterday BTC managed to break the resistance around $7400.
Over the past few weeks it has been fluctuating within a $6500-$7400 range.
A similar range was observed between half November 2019 and January 2020. Following that situation we observed a month-and-a-half-long growth which enabled a 40% increase in BTC value (from $7500 to $10500).
Taking into account the RSI index, it could be identified a consistent trend between these two time intervals.
Could it be a signal for an incoming uptrend?
BTC Trend Update 22/04The support is holding, seemingly unaffected by the oil crash.
The MACD is probably going to cross the 0, however the RSI still looks on the rise.
An interesting thing to observe is that the current support is consistent to the one that BTC found at the end of 2019 and that supported it before the uptrend between January and February.
I think that what we have witnessed over the past month has been a simple reaction to market changes and human activity rather than a proof of any failure in BTC mechanisms or nature.
What puzzles me is the fact that everything has happened so close to the halving, which means that any change that BTC may go through will have to be weighed in the light of recent global changes.
BTC Trend Update 17/04BTC value has managed to keep the support at $6800, could it be a sign for a following uptrend?
After almost a week (10/05 - 15/04) of borderline fluctuations up and under the support, BTC seems to have be able to break out from that band.
Taking into account RSI and MACD indexes' behaviours, there may be a signal predicting a bullish trend.
If this was the case, then the next target resistance to be reached could be around $7800-$8000, considering how BTC has behaved over the past month.
BTC Trend Update 15/04It looks like the support is holding, as BTC's value has been fluctuating in the range $7000-$6600 over the past few days.
Looking at both RSI and MACD indexes, it seems they are showing signs of stability and BTC may be setting up for further growth.
BTC Trend Update 12/04BTC has tested the support around $6800 and it looks like it was able to hold.
Over the past two days, BTC value has been slightly fluctuating around the support without showing massive changes. It may be a settling period before further growth, or it could anticipate a decrease.
Basing on the current market sentiment and on the observation of past trends and indicators, I expect it to get back to its uptrend.
What do you think is going to happen?
BTC Trend Update 02/04BTC managed to break the resistance, but how long will it last?
If it continues to increase in value, or at least stabilize around its current value, it could mean that BTC has found a new support to undertake even greater growth.
Otherwise, we may see further falls in value in the coming weeks.
However, as the halving is approaching and current behavior is uptrending-ish, the near future may be bright.
Let's hope so! :D
BTC USDT, Bearish (Long Scenario)BTC USDT, Bearish Scenario.
Without further manipulation, the scenario indicated by the triangles and historical supports would seem plausible.
