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BTCUSD local Head & Shoulders is forming near resistance zone Short-Term Analysis This analysis is for short-term traders and we are looking for a deep fall in the next hours only if neckline breaks and we receive that confirmation of fall. Targets and supports ahead: A. 47000 B. 45000 C. 41000 Notice: if this pattern doesn't complete then take look at what we said in the previous analysis linked below(daily chart also). DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
33
A Possible Path based on "Divergence Chain" for BitcoinINDEX:BTCUSD #BITCOIN broke the uptrend line (green line) in the late June 2021 and these days it's pullbacking to it. A divergence (blue line) can be seen in the last days move which could lead to a divergence chain; so, a possible path for Bitcoin could be a sideways trend together with a divergence chain, like the one happened from late Feb to early May 2021; then, a decline at least to 38,000 USD. Invalidation conditions : Either breaking the downtrend in RSI (blue line) or rebreaking the uptrend (green line) in the price chart and go beyond that. DISCLAIMER : This analysis is not a financial advice.
INDEX:BTCUSD
by mehdi-rad
55
BTCUSD heavy fall is ahead from fiboancci resistance zonesthe fall and correction already started and the reasons mentioned in previous analysis a lot (like 0.5% of Fibonacci retracement level) now we have three possible scenarios that all are Bearish: First: continuation of fall from this area and reaching targets like 42K--40K Second: again price start to show some strength then we consider right shoulder for this rise and creation of Head & Shoulder and then again deep fall. Third: if and only if the price was strong enough to break 0.5% of Fibonacci level then 0.61% as the main resistance zone will dump price. DISCLAIMER: ((trade based on your own decision )) <>
BYBIT:BTCUSD.PShort
by MMBTtrader
122
BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead. price need to retest Fibonacci levels and at least 0.38%. Targets and supports ahead : A. 42500 B. 40000 C. 37300 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
48
BTCUSD again touch strong resistance of trendline and is fallingAs we said before, there are two main resistances here after this 60% pump: First: 200 MA resistance of daily timeframe that we had analysis about it linked below. Second: New trendline that formed in lower timeframes like 4H and we can see it in the chart. So we need correction here technically and we are looking for targets like: A. 41600(50 MA support) B. 38000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
12
BTCUSD 200MA & resistance zone can dump price or more pump?200MA is a strong resistance zone here for bitcoin and it can dump price soon, price break it once around 20-22 May, and retest near 26 May. But now bitcoin again reaches this resistance zone after 55% pump and without any heavy correction as we can see on the chart. so we may have some local range or correction here maybe retest 0.38% and 0.5% of Fibonacci levels and then the continuation of pump. Targets and strong supports ahead: A. 42000 B. 39000 C. 37000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
46