Double Top to form Inverse H&S 🚀Hi traders!,
I hope your stop losses are placed! BTC seems to have hit a resistance @ 43.5k. Bearish double top has formed with a bearish RSI div and we have no confirmations if the upward trend will continue. We may also see it form another bullish inverse head and shoulder once it hits the bottom rising wedge trendline. Somewhere around 42.2k
Set your S/L once again if you have not. :)
Btusd
#BTCUSD it's possible to sell#BTCUSD Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it:
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
34648
Next Zone area & horizontal swing Low support
1st Resistance
45099
Zone area & horizontal swing high resistance
BTC/USDT 1 HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous BTC chart that BTC will bounce from the $36500 support level and it bounced.
now, we are having $38000 and this blue line as resistance.
The first scenario- If BTC break and close outside this upper resistance of this bullish expanding Triangle then we can accept A bounce up to 40k.
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTCUSDT: Elliot Harmonic AnalysisIf you followed my bitcoin analysis string, I marked this point to start a correction and it achieved its goal correctly, and now we will have a correctional trend of this bearish wave, which will be a three-wave "abc". Therefore, it can be said that the wave "a" can be up to 48,500 and at the end the wave "c" can be up to 56,600. And then we will continue to reform.
BTC 42k target reached, clear skies ahead!As mentioned before, Im just a day trader sharing my ideas, please DO NOT take them as financial advice, always do your own research.
As seen in my previous ideas, BTC was stuck in a range (46k-48k) for over a month, and it failed to breach the 48k resistance multiple times.
The 200ema (In the 1hr chart) was pushing its celing lower and lower and it slowly started ranging in lower values.
The 47k support finally flipped into resistance and today, the pair formed a descending channel, followed by a descending triangle right at the edge of support (46k), which was a VERY bearish sign.
As expected, this turned into a sharp fall to 42k followed by a quick recovery to 43.5k (At the time of writing).
This is EXACTLY what we were waiting for. BTC finally re-tested its lowest low and is gathering momentum to move up.
We'll see how the next few days play out for the pair, and the direction the Asian trading session takes (Starting at 00:00 UTC) is something we have to play VERY close attention to.
I hope you guys could take some profits and enter in some strong LONG positions.
Cheers!
BTC maybe forming a cup and handle.We finally breakout the downtrend and now we are clearly in an uptrend but are we going to create a handle here to form a cup and handle pattern? or are we going to retest the broken trend before continue in an upside direction?
anything could happen but for sure we are in a clear uptrend now.
Elliott Wave count for BitcoinHello everyone, Here's the update for Bitcoin in H1 timeframe, You can see the details in the chart, If you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates.
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BTC is bullish in long termHello To All (traders & investors)
we can see that BTC has failed in 1st attempt to break the trend line up
but it gone a test it again, if it can't break it above (possibility 25%)
it might go dawn to nearest support (which is about 60k) for a while before continue going up
There is no certainly in trading ,only probabilities
TRADE SAFE
RSI bearish divergence spottedHello To Every One
As we can see there is a bearish divergence in RSI and we got lack of volume too
also Moving Average Cross Happened and we see MACD lines cross too
no one can sure of what's BTC next move is
but i think BTC more likely goes dawn before touch 50k
Nice Trade to all
btc price ranges are obviously biggerHello Friends
Since one bitcoin is worth more than 40 thousand dollars, the price ranges are obviously bigger.
For other smaller coins you know when it's the best support zone and trade with more confidence.
But here we are looking at coin with a support range of 14 thousand dollars.
Now daily traders know what they're doing but those who want to buy and hold always think if this is the best time to buy or not.
What do you think the best time is?
I think since we're looking at a manipulated market, any price inside that green price range is a good one because too many companies are involved in the cryptocurrency right now and we can wait that much for the price to reach the bottom.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $46487
Good Luck
& be careful about your assets.
BTC Next Moves $33,000Hi
BTC is in a downward channel as it kept rejecting the Demand zone and major resistane level at 40k
Now it will likely be down to 33k and test this key support level again, the 1 hour is looking bullish so BTC would go backup to test 40k before possibly turning bullish
However there is the possibility that the 1 hour could turn bearish and BTC could reject the 33k suport and break this level down to 27k
This would mean BTC next level would be potentially as low as 10k...
Im still Bullish on BTC and see it testing the 40k demand zone once again since the whole market including BTC is in a Sideways trend right now, with the exception of Oil prices which have extremely spiked.
Disclaimer:*Not a financial advisor. Please inform your own decisions off of your own analysis.
Thanks
Marlene
Bitcoin Entry for bulls !! to the gap !!Hello,
1. Elliot wave retracement for wave 2 is at the green pocket at previous resistance which will be tested as support.
2. CME GAP AT 60K levels.
3. same fractals from historical price movement.
4. Harmonic Cypher pattern will throw the price to 60k levels back again.
5. Volume is missing on this breakout. possibly bulls waiting for a retest,
6. RSI Is overbought.
Cheers.
💎BTC: Things are Getting Ugly on Bitcoin !!Hello Dear Traders,
In last Post i discussed about triangle breakout upside bt triangle broke downside and we seen massive sell off. when the news came tht ,"US President Joe Biden said to propose almost doubling the capital gains tax for the wealthy".
this news triggered panic selling on U.S Stock market as well as crypto market.
BTC tested 48500$ area, which is good support area bt i m expecting btc will test 44-45k area which strong weekly demand zone. yesterday with this sell off, btc broke last weekly low which is very concerning thing for existing of bull run.
In 2 days we will see weekly candle and in 7 days monthly candle closing, we have to see where we get monthly and weekly closings. which will define Bull market over or not??