MORE FALL IN THE SHORT TO MIDDLE TERMWe can se now that Bitcoin failed to recover from the accumulation zone it was before, and the market decided to continue dropping to lower levels.
In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the MACD indicator (as in the daily temporality points out a death cross).
Always trade with an optimum risk management strategy, see you later Tradingview community, have a good day...
Btcusdtshort
BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
BTCUSDT ShortTime Frame: 30M
Symbol: BTCUSDT
Entry: 23588.35
TP: 22145.06
SL: 24922.72
Bias: Short
The price level of this instrument will slide down to a new level because of the current market instability. Actually the analysts do not see any future for BTC now and it has to succumb to a strong rejection by traders and the outcome will be a stronger down trend.
BTC : A good shortHave been following and updating this chart since 2017. It has been playing out nice which is the reason i thought of sharing it with the community.
Here we can clearly see BTC going down in a step by step fashion.
There is no doubt that 42k will be tested again and if it break 36k is on the horizon.
My entry targets for this short would be in 47-49400 zone .
Sl at 53k
Profit taking zone - 42k, 36k & 31404
Good luck!
Bitcoin is under pressure.The Bitcoin exchange rate (BTCUSDT) is at the lower limit of the long-term horizontal range, which took shape after reaching a minimum of 26700 on 12.05.2022.
On the H4 chart, the consolidation figure after the downward impulse is most clearly visible. The figure resembles a triangle, which from the point of view of classical technical analysis is a continuation figure of the previous momentum. Our trading strategy signals confirm it, pointing to the current bears superiority.
We expect the bitcoins decline to the new minimum and the formation of a bullish divergence on the MACD indicator. After that, growth is possible.
How to trade.
Sell BTCUSDT (open short) with the first target of 26700. The goal of working out the triangle is around 26500.
ARE WE REALLY IN A BEAR MARKET ?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC WEEKLY UPDATE
BTC is forming this ascending channel pattern currently, it is breaking the support of this dotted line BTC need to make a shadow and go above the trend line to be bullish if it breaks then we will see a drop up to the lower support which is around 20k.
RSI is in the oversold range so we may expect a bounce.
let's see how the weekly candle closes
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EMA 50/200 on 3D chart.It's not a fun situation.
You know how rare these signals are, right?
Yes, there will be some jump price within the limits of retest of red diagonal from which bitcoin fell not so long ago...
But with death cross on this 3D chart there will be a rejection (most likely from EMA200 line here).
I'll consider opening a short.
BTCUSDT Channel AnalysisNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
----------------------------------------------------------------------------------------------------------------------
Channel Analysis
Beat is currently testing its four-hour pay channel, breaking down
If I succeed in the test, I will go down further, and if I fail, I will go back into the channel and try to go up again.
BITCOIN QUO VADIS ? TO 12,000 !You are probably wandering HOW FAR WILL BTC FALL ?? WHERE WILL IT STOP ?
Or as the name of a classic HISTORICAL movie "QUO VADIS ?"
There's some HISTORICAL FACT to give us the answer.
The previous bottom was at about 3500 $ while the MAXIMUM stood at 19,197 $.
Thus THE RATIO of
MAXIMUM / MINIMUM = 5.485
As the present MAXIMUM was 66,000 $ dividing it by the above RATIO gives the
PROJECTED MINIMUM = 12,033 $
This is again a conservative estimate, that UNDERESTIMATES the DELEVERAGING of the MARKET.
As we all know the post-corona economy has received HUGE STIMULUS resulting now in strong DELEVERAGING, and RETURN TO BASE.
As to historical analysis - Remember, those that don't learn from HISTORY are bound to repeat it.
#CTSI/USDT TRADE SETUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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CTSI/USDT TRADE SETUP:- CTSI is Breaking out from the triangle and currently retesting it. Long now and add more in the dip.
Entry range:- $0.23-$0.235
Target:- 15-20%
SL:- $0.2232
Lev:- 10x-20x
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#BTC 4 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is currently consolidating in symmetrical triangle and still holding above it's horizontal support of rectangular chart pattern. Breakout of triangle will confirm a short term bullish move towards the horizontal resistance, while a sustain breakdown will confirm further drop in it.
Stay tuned
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#BTC ACCUMULATION PHASE!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
Here we need to breakout this Treandling then we can expect 30% to 40% bounce in the coming days.
If it breakdown the 28k support then the chart will be invalidated.
Stay tuned
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Seems like we are having a Fractal xDHello Trades,
BTC just swinging nowadays, but now it went to 98.7 on cluster algorithm indicator, with a RSI bearish divergence.
I guess we will have a run to the down soon.
Also! I found a fractal that have the same run then a break, then we get a pullback downside
I know it seems crazy but lets see what happen
- This is not a technical analysis I use to go for a trade for sure
i see some thing in charti was in hope the real bulls wake up and fight with bears
but i dont know why they are not wake up
where are they?
we know The most limited assets in the world is bitcoin
why they like buy btc in 70k$
but now they forget what is bitcoin
you think bitcoin is only a simple coin?
Nope bitcoin is Decentralized future - Inflation killer
so i think we have two Scenario
Is this bottom or will it drop more?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
In a daily timeframe , BTC bounce on support of the lower level of this triangle pattern we can expect a bounce from here but if it breaks this level then we can drop up to the 21k level.
Stay tuned
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BTC time Cycle Anylsis. Here is The Time Cycle of BTC. And According to my my New Study on Time Cycle BTC Respect Perfectly Time Cycle.
It Means If We Have Confirmed the Lower High.(There are 4 Candels after LH). Then now We Are Going To Print On Chart Lower Low Or Higher Low. In Simple Words IF we Stay down From 32405 next Days. And The Next Date When We have The Next LL or LH. Is Between 06.06.2022 and 08.06.2022. And Just after that we can See The Movement to up Side.
So if BTC dont Cross 32405 up. Then New Lower High Can make Above 25420. And If It Cross down Then the Next Level is 18270 according to Last Move. And If BTC cross Next Week 32405 up side. Then this Scenario will Be Invalidate. And We Go To Make an Higher High. And That will Be On The Fibbonacci Level 38. Lets See…..
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
Not A Financial Advice
#BTC FORMING BEARISH PENNANT PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
In shorter time frame BTC breakout this bearish parent pattern bulls need to move BTC over this trend line but according to the pattern, we may drop up to 4% from here.
Let's see how the market reacts in a few hours.
Stay tuned
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