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.
Btusd
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??
🔥BTC may drops to 28K!!! Everything you need to know 👇Hey everyone
At the picture you can see the descending channel of BTC that I'm sure it's accurate. We got many of supports but most of them are not as strong as we need. So we got three support key here which one of them is a very strong static support at 38K and two of them are fan fibonachi level. So the first support that BTC may come back from there is 44K second one that it's very possible for BTC to come back there is a strong resistance and a key level on 38K, but if BTC breaks this level too and keep dropping next key support will be on 28K
Don't use leverage put stop loss and BE CAREFULL about bullish traps
What will happen to bitcoin? 🚨🚨🚨As you see bitcoin is moving inside an ascending triangle. If BTUSDT chart can break top of the tringle the price may go up to 52_54000$ and if the price break the bottom of tringle it may drop to 46_42000$ so got an eye on the chart and sell/buy at good prices
Good luck
BTC/USD - 9% drop: buy opportunity or worse to come?BTC dropped 9% scaring bulls for a second, but really, this was a reminder that the market goes both ways and the greed we have seen lately had to be punished.
However, should we be concerned? Not at the moment. We have quickly found support at $44k and now we are bouncing off this support line. You should become concerned if we fall under 44k, don't recover and break the yellow parabola. That may indicate the Elon Musk pump was hot air and we go back to $40k.
On 4h I do not like the indicators as MACD did a bearish cross on the negative side, which seems to suggest, even in the most bullish scenario, we will range here for a while before the up-trend resumes.
However, on daily, the indicators are still very bullish so this may be just a temporary correction before we can go higher. The bears had to punish the bulls as most exchanges were over-leveraged on longs with funding rates on futures reaching 2% a day! Imagine losing 2% a day to stay long... Greedy no?
In such cases, just use spot markets and avoid this madness.
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