BTC records further declinesHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 38,133, if the support breaks down, the next is $ 36,917 and $ 35,340 and $ 33,268.
Now let's move from the resistance line, as you can see, the first resistance is $ 41,152, if you can break it, the next resistance will be $ 43,179 and $ 44,891 plus $ 46,558.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy was used for the downward move, but there is still a lot of energy that can be used in the near future, please be careful.
Btcusdtshort
BTC 12 HOURS 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 making this big symmetrical triangle pattern and currently, it breaks this lower support level we need to close the 12 hours candle close above this lower support.
RSI showing some bullish divergence
If it does not close the 12 hours candle above this support then the cart will be invalidated.
Let's see how the daily candle closes.
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BTC 6 HOURS UPDTE 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 in my previous BTC chart that BTC is making this big symmetrical triangle pattern, currently BTC is making this falling wedge pattern inside the symmetrical triangle pattern or we are losing the 40k support.
Here we have two scenarios
First scenario: As we can see BTC is Losing the 40k support but if this 6-hour candle closes above this 40k support then we can accept A Bounce from there.
The second scenario: here if BTC is not able to close the 6-hour candle above the 40k level then we can accept a drop up to 38750k support to make the triple bottom.
Let's see how the 6 hours candle closes
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BTCUSDTwe have to scenario
1 - start bullish impulse wave on 37400
2 - start bullish impulse wave on 28855
Scenario 1:
The position is designed to accept that the fourth wave is over, and the second wave runs the fifth major wave, and if the price is maintained between 37,500 and 38,800, the position is activated and moves to the next ascending micro 3 wave.
Scenario 2:
If the price commensurate with the balance of supply and demand gives the sellers power and falls below 34,400, we have a second uptrend scenario in which the price of the 28855 critical line market improves and the fourth wave ends.
We will expect a strong wave of upward motivation
#Bitcoin Prices Boxed in a $3k Range, #BTC Bears in ControlPast Performance of Bitcoin
BTC prices continue to consolidate at spot rates, boxed within the April 11 bear candlestick as cool-off continues. Technically, #Bitcoin bears are under pressure despite the higher highs versus the lower BB. As long as prices are steady above $38k, buyers stand a chance. However, a comprehensive break above April 11 highs would signal a new shift in trend favoring buyers.
Bitcoin Technical Analysis
From the daily chart, sellers appear to be in charge. Ideally, buyers can begin buying the dips if there is a solid, high volume close above $42k and April 11 highs. This breakout will draw more bulls and reverse the bear breakout formation pattern of early April, defining a new price trajectory for the coin. On the flip side, despite the confidence exuded by traders, a dump below $38k may create panic. A sell-off could easily see #BTC fall to $36.5k—a key reaction point in April 2022—and later Q1 2022 lows, in a bear breakout continuation pattern.
What to Expect from Bitcoin?
BTC is consolidating, stuck in a tight trade range defined by the April 11 bear bar. Still, buyers are confident. Nonetheless, this outlook will be squashed if prices melt below $38k.
Resistance level to watch out for: $42k
Support level to watch out for: $38k
Disclaimer: Opinions expressed are not investment advice. Do your research.
BTC: LOOKS GOOD TO GO UPSIDE! ALL WE NEED IS?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE:
Currently, BTC lying on a downer support level of this big ascending channel pattern or as we can see in the chart that In short a time, BTC is making this descending broadening wedge pattern We need a breakout of this broadening wedge pattern and RSI is showing some bullish diverse move.
If it breakout this lower support of this ascending channel then the chart will be invalid.
let's see how the market reacts in a few hours.
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BTCUSDT, The market is moving exactly according to the analysisHello everyone
According to our last previous analysis of Bitcoin that we published we shown on chart that we need a correction then the price is ready to drop more and reach to the new target and exactly this scenario will going to be happening and now we can say the correction was completed and now we are going to reach to and re-test again the sensitive zone that we shown on chart (blue box 32K) and after this event happen we will update chart again.
We predicted that the price of BItcoin should become to reach to the target of 16 17k because of many reason that we shown everytime in every analysis of it, If you wanna know and learn something you can go and check our previouses analysis.
Good Luck
Abtin
Previous analysis :
BTCUSDT - both trades hit SL @ 40600 As expected (but not this quick), we sold off @ 100 EMA around 43000 level (4hr chart we were rejected at the 200 EMA) and that might have caused the strong selloff.
After we were stopped out on our long @ 40600 our short entry @ 39900 also hit SL @ 40600.
We might expect the same whip saw movement over this weekend.
I will sit this out and try to identify a better trade setup.
41600 is till a good entry point for a long position.
38500 will be my short entry point.
Most of the alts that I am following didn't follow the BTC rally to 43000. They usually do, but this time trading was choppy and alts lacked the strength.
If the same conditions persist we might see another rally towards the 43000 level, followed by a correction towards the 41000 level. I expect these moves to exhaust any speculative hands. We will be able to tell better early next week.
BTC recovers energy after yesterday's correction.Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the uptrend channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,334, if the support breaks down, the next one is $ 38,174 and another one at $ 36,982.
Now let's move from the resistance line, as you can see, the first resistance is $ 40,785, if you can break it, the next resistance will be $ 41,429, another resistance at $ 41,945, the next resistance is $ 42,493 and $ 43,202.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy was used for a local correction and now we collect the energy anew.
BTC BREAKOUT!! READY TO PUMP!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE:
In short a time, BTC is making this descending broadening wedge pattern or currently, it is retesting it.
let's see how the market reacts in a few hours.
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BTC UPDATE: LOOKING LIKE BTC IS AT RESISTANCE 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 rejecting from the marked horizontal resistance, where EMA55 and MA100 are also acting as resistance. RSI is showing hidden bearish divergence. MACD crossover is showing bullish momentum. We've to wait for a sustain breakout above the horizontal resistance to confirm it's bullish trend.
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Bitcoin- Still inside a bearish flagIn my last Bitcoin analysis, I draw attention to 40k important support and as we can see, after a short-lived dip under this figure, Bitcoin has rebounded.
However, this rise, in my opinion, should not give high hopes, the overall structure remaining strongly bearish.
I will remain on the sideline for not and wait for more clarification, but my bias for the BTC and the crypto market, in general, remains bearish
BTC WILL BOUNCE OR IT WILL RETEST THE 30K LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC exclusive update:
In 3-Days timeframe, Bitcoin is Moving Above the 39k Crucial Support line & MA200 (39.8k)
RSI is Still Moving below the Trendline Resistance.
If Bulls reclaimed the 45k S/R level, It'll Open the Doors for 51.8k
If Bitcoin lost the 39k Support then Next Stop would be 33k Area.
Let's see how the daily candle closes.
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BTCUSDT - Lets do itmy last idea
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTC DAILY TF UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
Welcome to this BTC /USDT update
As you see in the chart, BTC is trading inside a rising channel and currently sitting at the support of the 100ma. In the past scenarios, we have seen BTC bounce and reject many times after breaking and retesting this 100ma. So I'm expecting a bounce in the market from this Support.
Let’s see how the market react in a few hours.
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