Alternative Scenario for BTC (Still Uptrend)Bitcoin “spoofing” sees price support disintegrate
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped below $98,000.
The move came amid macro reactions to US Job Openings and Labor Turnover Survey (JOLTS) data, which showed a hiring surge in a boost to the labor market.
“Market catalyzed lower on JOLTS rising, however without initial jobless claims going up a rising JOLTS means one thing - JOB CREATION,” popular trader and YouTube channel host Matt Cowart responded in a post on X.
“Excited to let the market fall today and back into longs tomorrow.”
Fully reversing snap gains from the day prior, Bitcoin was at the mercy of large-volume traders as recently placed support disappeared.
BTCUSTSHORTS
#BTC SHORT TERM 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.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#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.
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 SHORT AND SIMPLE 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.
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 in this chart, Do not consider it as FINANCIAL ADVICE.
BTC UPDATE
BTC is forming this bullish falling wedge pattern in daily time frame currently it is on-resistance of 32k we are expecting a rejection from here and expect a drop up to 28.4K to 29k level.
In that place, we can buy BTC with an SL of 27k.
Let's see how the daily candle closes.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you