The best scenario for Bitcoin analysis in the MID termThe best scenario for Bitcoin analysis in the MID term is that the downward trend will continue
But now, if the price support above the $22,000 area and observe pressure from buyers ,
The price has the potential to rise to $25,000 resistance and then fall to new lows
Or if observe seller pressure and the $20,800 support breaks to the down and then we experience a fall to lower levels.
Btcusdtshort
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)
One more daily candle closes below the lower trendline.
The Bulls seem to be losing momentum but still, BTC is holding above the trendline as support.
A liquidity grab might be a possible scenario, while a solid breakdown would be a bearish sign for BTC to move towards $19K support.
Stay tuned
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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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One day. Yeah, we have a wonderful situation.
The candles have fallen below all indicator lines and below the cloud.
The red dot on the volume flow indicator has been there for days.
Now we have a gray cross on the SQZMOM with the indicator being
in its bearish half. At the very least it is a test of the lower boundary of the old downward channel.
And then lower still.
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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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BTC Breaking The Big Ascending ChannelBitcoin/USDT has broken the ascending channel the past day and has broken also the critical support at 22572 USDT (RED LINE), leading the pair to come down and retest some lower prices.
In the main time BTC is standing between the previos broken support level at 22572 USDT that was flipped as a resistance for the pair now, and the next support level to watch at 20800 USDT (GREEN LINE).
If the price keeps going lower, the second level to watch after a breakout and close blow the first support level would be at 18876 USDT, and with that the pair would flip the first support marked by the green line to resistance and move to the next support (BLUE LINE) at 18876 USDT.
A breakout and a close above the current resistance (RED LINE) will invalidate everything.
BTC MUST NEED 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)
BTC is trading under this channel and currently holding above 216500$ support
we have strong support at $21650k and BTC must hold this support line by any means. We can expect a bounce anywhere close to the support range only if BTC manages to stay above the $21k range. Dropping below this range will be critical.
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BTCUSDT: The big collapse began?Hello, everyone.
The cryptocurrency market prices has started to collapse.
BTC price also has all chances to slide into the abyss, if the big 5 wave scenario will be realised in the next few days.
In general, if we talk about the possible end levels of decline, it is worth considering the possibility of panic sales, that may subsequently lead to a decrease in the price of BTC to the flesh of $11,000 and lower.
I do not like that the price did not reach the channel border in wave 4 on the logarithmic scale, so I continue to considers the scenario with the price stopping at $19,500 and a sharp rise above $25,000 too.
In the current situation I recommend to trade very carefully, as it is very difficult to predict the future behavior of the BTC price.
BTC: BREAKS DOWN THIS RISING WEDGE PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this rising wedge pattern in a 4hours timeframe.
we have 22750$, 21600,19k as support.
According to this pattern, BTC will drop up to the lower support which is around 19k.
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BTCUSD: Waves Count UpdateMade adjustments to the count of wave levels for a possible strong impulse movement.
Overall, the situation remains as uncertain as before: my bets on both scenarios are 50/50.
However, I plan to work within a trading plan for the local scenario with the end of the correction in wave 2.
BTCUSDT: WTF?....Hi everyone.
The price of BTC is still in a difficult situation, when the price movement does not meet short-term expectations.
In my opinion, now the situation is 50/50 and no matter what anyone says, the further dynamics will be accompanied by working out of some patterns.
Even now, as well as earlier, I'm still inclined to the formation by the price of the wedge model, which most likely has not come to the end yet.
The bulls' mood is worsening because of geopolitics and the situation with the crypto-giants, which are hanging over the debt abyss to investors and other institutions.
However, market-makers are in no hurry to launch an avalanche of sales yet, which also leads me to certain thoughts about false pressure based on industry news.
All in all, I recommend watching the price closely and being guided by facts and good market models to plan your trades.
Good luck
You better run away now...I believe I've explained everything on this chart, but here's what I think is happening:
BTC is about to drop even more. First supports are ~41k. Then we may fall to sub 40, then 30-28, and the bottom I can't believe may be even below 20k. BTC after every new ATH fell over 80%. That would be ~14k...
You may want to get away now. Just be warned. Death cross is coming.
I can see a little possibility to grow a bit more. We must defend 41k, and then break through many levels, but road to the new ATH ~70-80k would be open. But this is very unlikely ATM IMO.
What is more important now - we've just copied the 2013 scenario.
BTC made the first top in April, dropped, 3x touched EMA 50, and after 230 days made the new ATH. Just like in 2013.
I've marked all the similarities I've noticed, just look.
To understand the situation even more go to the related Idea from 3.12 down below.
We have falling price, falling volume,
H&S pattern and rising wedge - here explained
RSI created a pattern that is also convincing me we're more likely to drop.
What your opinion?
Anyway trade with caution!