BEARUSD trade ideas
Bitcoin BEARISH 4 Hour Chart - Trend Line Support BrokeBitcoin has broke down through an important trend line support level on the 4 hour chart. It is currently in the process of re-testing the line before a continuation down again. It's possible that Bitcoin may gain short-term up to around $100000 before the re-testing is complete. Or it may just start falling like a rock before then.
The trend line was tested multiple times and is a reliable signal of what is to come. This also agrees with my analysis on the weekly chart too. Both charts indicate a potential drop for Bitcoin to around $75000.
Please note: this is a crazy world and anything could happen, but this is my analysis based solely on the chart. I would say the same if it were corn, copper, or whatever else. Be cautious buying Bitcoin anytime soon based solely on hype! As I said above, it could gain short term to re-test the line which is now resistance, but it will probably be short-lived.
Bitcoin's Next Big Move: My Take on the Market TrendsHey everyone!
Lately, Bitcoin has been keeping us all on our toes, and I wanted to share my latest thoughts on where BTC/USD might be heading. The current price action shows some interesting developments, with a descending channel taking shape and key levels like $72,561.89 and $66,763.00 in the spotlight. Indicators like RSI and MACD are hinting at a potential shift in momentum—could we be gearing up for a bullish reversal?
In the broader market, experts have been weighing in with mixed opinions. Some foresee a corrective dip toward $62,075, while others emphasize Bitcoin's resilience as "digital gold," holding strong despite broader market pressures. At around $83,000, BTC/USD seems to be at a critical point, balancing between bearish pressures and bullish opportunities.
I've outlined my analysis on the chart, highlighting potential breakout zones and targets. Let me know what you think—are we about to see a breakout, or is more consolidation on the cards? The crypto market is never dull, and the next chapter in Bitcoin's journey promises to be just as exciting.
Stay tuned!
BTCUSD ChatGPT: This chart shows Bitcoin (BTC/USD) on a 4-hour timeframe with key price levels, trends, and targets identified. Let's break down the analysis and potential scenarios for the future price movement:
Key Observations:
1. Price Action & Trend:
- The price of Bitcoin has been in a downward trend, forming a descending channel (shown with blue trendlines). The price has been making lower highs and lower lows, indicating bearish market conditions.
- Recently, Bitcoin tested the resistance zone around 84,067, and after multiple rejections at this level, the price has started to decline.
2. Resistance Zone:
- The resistance zone is marked at 84,067, a key price point where Bitcoin has faced multiple rejections. This level represents a supply zone, and traders …
ChatGPT: 4. Bearish Price Action:
- The chart shows a sharp bearish drop after hitting the resistance zone, suggesting that the market is currently in a correction phase. The price has fallen from higher levels toward the support zone and is likely to experience further downside pressure.
5. Target Level:
- The target for the ongoing bearish move is marked as 78,885, which lies just above the support level at 77,082. This target indicates a potential continuation of the decline towards this support level, and if this support holds, it could be a buying opportunity for a bounce.
Potential Scenarios:
1. Bearish Continuation:
- If the price continues its decline and breaks below 77,082, it would suggest a bearish breakout, with the next target around 78,885 or eve…
ChatGPT: - If the price approaches the 77,082 support level and shows signs of rejection (such as forming a bullish engulfing candle or double bottom pattern), there could be a reversal towards the resistance level at 84,067. In this case, traders may look for a long position, targeting the resistance zone for profit-taking.
3. Consolidation and Range-Bound Behavior:
- There is also a possibility that the price could start consolidating between the resistance and support levels, moving in a sideways pattern. If the price repeatedly tests these boundaries without breaking through, traders can look for range-bound trading strategies with buy orders at support and sell orders at resistance.
4. Breakout Above Resistance:
- If the price breaks above the resistance zone…
ChatGPT: The current chart suggests that Bitcoin is in a downtrend, facing resistance at 84,067 and heading towards the support zone at 77,082. Traders should monitor price action at this support level for potential bounces or breakdowns. If the price rebounds at 77,082, it could move back to test the resistance at 84,067. Conversely, if the price breaks below the support, further downside movement may occur with a target around 78,885 or lower. The descending channel provides a structured view of the market, and a breakout could lead to a bullish reversal or continuation of the bearish trend.
BTC is still bullish!!!🚨 CRYPTOCAP:BTC is dipping hard! 🚨
📍 All eyes on $72,000 — this could be the ultimate buy zone:
🔽 Why this level matters:
1️⃣ Bottom of the blue wedge
2️⃣ Flipped resistance → support
3️⃣ Major demand zone
4️⃣ Classic -34% pullback move
📊 This could be a textbook entry point.
Are you ready to catch the bounce?
Bitcoin If you missed the rally do not top blast. Do not fomo. Do not trade with emotions.
If you bought the rally, congrats. Pay yourself. Do not get blinded by greed. Do not roundtrip
Back in 2022 most where celebrating there unrealized gains, and got liquidated when the market corrected. Every asset in the world follows one simple rule, nothing goes up forever.
The is no more liquidity on the up-side, we will go down. Gather liquidity for the next rally and bounce, just like 2022.
Bitcoin will be the most important asset you can have, but it has to follow the basic rules and will not go up forever.
#BTCUSDT.. single supporting area, holds or not ??#BTCUSDT. perfect move as per our last couple of ideas regarding #btcusdt
Now market have current supporting area that is around 82300
Keep close that level because if market clear that level then we can expect a further drop towards downside next areas.
Good luck
Trade wisely
BTC Setting Up for One More Drop? Eyes on 72K SweepBitcoin is moving in line with its projected bearish trend. We’re likely to see more short-side movement with imbalance being cleared toward the 72K zone. Watch how price behaves around 66.5K–68K for any reaction — but for now, momentum favors the bears. follow for more insights , comment , and boost idea
BTC HTF ThoughtsChart from end of Dec/early Jan. Idea back then was that the top is in, and we'll revisit at least 51.5 levels. IMO low will be between 41.5-32.5, with potential to reach 23s.
However, it won't happen in one day and it's finally at prices i want to scale in and hold for the next weeks/months incase i'm wrong with the macro idea.
I'm a buyer between 74-62, levels in between are 72, 69, 65 and 62.
Bitcoin is at a decision point.I would not be surprised if Bitcoin started correction waves from the Fibonacci 1.618 point.
RSI also looks weak.
Less likely, correction waves may begin after Fibonacci rises to 2.618 levels.
Harmonic patterns often target Fibonacci 1.618 levels.
Trump has had a major impact on the world economy and politics recently. This impact has also affected the crypto markets. Therefore, it makes sense to revise our analysis.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Zone for a possible bounce from bitcoinProviding we get bullish divergences on the daily, 4 hr, 1 hr, and 30m RSI, we will be looking at this green box for a possible bounce. This looks like the bottom of a market maker cycle, looking for the price to come into the box forming the Peak formation low of the new cycle, recovering the imbalance from November, tapping into the Golden Pocket retracement from the previous range low to the all time high, and the bear market low to all time high .382 retracement.
$BTC Inverse Head and Shoulders Finally FormedAnd just like that, the Death Cross has formed the right shoulder for the Inverse H & S idea I formed on March 14th
We may sit a bit more downside to retest the 50WMA at $76k for confirmation
If we get a V-shaped recovery tomorrow, this very well could be the bottom for CRYPTOCAP:BTC