Xbt
#BTC, Looking closely to the trendline linking all the LL#BTC
Looking closely to the trendline linking all the LL over the last Month
Current retest & so far rejection is allowing for some traders to speculate over a potential short
If brakes to the upside, it would be the 1st HH since May & bulls may retake control toward 42k🤞
$BTC
Bitcoin Trade Setup - Swing Trading Shorting OpportunityBitcoin Trade Setup - Swing Trading Shorting Opportunity
Bitcoin looks weak but that doesn't mean you short it right now. It is forming a triangle pattern and so let it breaks the downside.
You can short Bitcoin once it breaks the red supporting zone.
If you're a conservative trader, then wait for a break from the red zone and retest the red zone again.
If you get any rejection at this key area of value, then you're good to go for short.
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Bitcoin | Falling Wedge Formation..!!#BTC (Update)
Bitcoin is turning Bullish & Again Getting Ready for Bullish Wave 📈
Falling Wedge Formation in 12hr Chart + RSI is Printing Bullish Divergence..
In Case of Upside Breakout, Bitcoin Might Retest the 45k Area.
At the Moment, 30k Acting Strong Support & 40k Acting As Major Resistance..!!
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BTC An Experimental AnalysisThis price target is calculated with an experimental method. (Its similar to wedges but the purpose is to predict an even more accurate number more consistent then drawing measured moves) I am looking to potentially long 31900 however as more structure reveals its self the price target with this method is consistently changing unfortunately. Mostly posting this for entertainment purposes but it is a clear probability in my eyes at the moment.
Bears in Full Control But Still Bitcoin can Bounce Back..!!#BTC (Update)
Bitcoin has been Moving Below the Trendline Since 10th May 2021 📉
Bitcoin Bulls lost the 34k Horizontal Support Area & At the Moment, Bears in Full Control..
As Bitcoin Looking Bearish & Might Retest the 30k area, If Bulls Held the 30k PYCHOLOGICAL Support & Bounce Back, Expecting Bullish Wave towards the 40k in Mid June 🔜
In Another Chart, in 4h Timeframe Chart, Bearish Pennant Broken Downside 📉
At the Moment, Bitcoin Bears in Full Control & If Bitcoin lost the 33.3k Horizontal Support Area (GREEN), Next Stop would be 28k Area..
If Bitcoin Remains Above the 33.3k Support Area, Bitcoin Might Bounce Back towards the 38k (Resistance)
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Bitcoin Daily AnalysisOn the 1 day chart, Bitcoin is now below the 200 and the 233 EMA . (yellow and orange)
The 20 SMA (pink) has met the consolidation triangle at the top of the current candle. Usually the price of bitcoin follows the 20 SMA closely if you look at the past price action.
Yesterday we had a bearish engulfing candle.
With the combination of these things, I would expect continuation to the downside today.