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Did it Fail?Hello everyone, Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it. The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below. However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in. Please comment if you have any questions.
by yassin_khanji
⚡️ #BTC OUTLOOK - 25/07⚡️⚡️ #BTC OUTLOOK - 25/07⚡️ Looking very bearish short-term with big bounce incoming. Currently in a smaller short-term range heading down back into the longer term range. That is sitting with a low of $20.3k - with a lot of uncertainty of theis weeks meetings and announcements, also earnings reports dropping I don't think it will all be priced in yet, also a lot of arm chairs traders will already be on high alert ready to sell so this will likely tip them over the edge to hit that Market Sell button. This lines up with the previous unfilled weekly pivot too. It is likely we will see a bounce here with a lot refilling their bags at this desirable $20k price point. I feel it will take off from here - even going as far to say that this could be the big turning point. Although breaking through the $20.3k or even $20k this time could spell a serious blood bath with sub 17.5k targets looking very realistic.
by Kryptochristian
BTC - Make or... Break!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis, we were waiting for a break either upward or downward of the range. BTC broke the range upward, NOW WHAT? We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range. If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone. unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
40
BTC ANALYSIS hello traders Let's analyze Bitcoin and see when the next bullish season starts First, an introduction on which I will base my analysis and forecasting Money markets are an endless auction. Price is the marketer, time is the regulator, and liquidity is the fuel that drives price up or down. Let's apply this to Bitcoin Second, the value area, which is the area with the most deals Notice the price movement in this zone, the more the price goes up above the zone, it goes down and back to it, and the more it goes down below it, it goes up and back inside the zone. After that there was a strong movement and the price rose a lot and in record time. As we mentioned that the price is the marketer and the time is the regulator, the rise of Bitcoin in such proportions and in a short period of time is contrary to the nature of the money markets, the price has become unacceptable and exaggerated, and this happened quickly and suddenly, here there is an imbalance between supply and demand In this case, if it is a fake move, the price will return to the value area very quickly And if you are the value of the currency, it will rise, there is a regulation process, which is the price return to the value area gradually, and the rise begins again, and I think this applies to Bitcoin But why does the price have to go back to the value area before rising again? Because as we mentioned that liquidity is the fuel that moves the price and that the top area has the largest amount of trades, and it is the only area that has enough liquidity to support the price to rise strongly again.
by ARABTRADERX45