So this is something concerning we do have two possible scenarios in front of us let's see how it is going to playout. 22,655 is our major support level right now. All eyes are on this specific patter
Bitcoin Update Timeframe 4H Bitcoin is making a rounding top formation which is a bearish pattern breaking below the neckline could be the opportunity to put a short position, Technical target is 17,970..
Bitcoin is forming a rising wedge on the daily timeframe failure to hold support could lead bitcoin 26,411 which is a technical target.
Bitcoin has formed a rising wedge on 15 and 30 minutes timeframe the target could lead BTC to 30,300 straight. Let's see how it plays out..
3D death cross has occurred exactly as told you guys in the mid of may we can see some volatility now so wait for the 28k support to break, So far it is holding pretty good but tapping so much on to the support makes it weak higher chance of breaking down from the support, if this happens we see some more downside as we have showed the potential target for the...
Bitcoin is having a bullish divergence on 1H timeframe in which we see the prices are going down while the RSI is heading up, Also a potential descending broadening wedge formation is there too, Let's see how this plays out.
Bitcoin Massive bear flag is in play right now, Currently if we see it already broken down from it's support so now what to expect is the question? and to answer that we do have a target of roughly 19k per bitcoin although we have a support at 21k from 200MA on 3D.
Bitcoin has formed a bull flag scenario on a 2H timeframe breaking to the upside might take it to 42,000 however we do have some massive resistance below at 40,800 also after breaking this 40.8 we can see this level.
Bitcoin has been broken out from the falling wedge now the technical target is around 40,800 where we do have a massive resistance failing to breakthrough might result another dip to the downside.
Bitcoin Dominance has formed a rounding bottom formation which is a bullish pattern how ever there are two things which needs to be consider here, 1. If this shoots up then alts and Bitcoin will fall. 2. We can see a relief rally if it goes down a bit and in this case we can see a pattern formation called CUP n handle which is also a bullish pattern. So only...
Bitcoin has formed a diamond pattern on 4H timeframe now there are two possibilities what we see right now is bitcoin is breaking inside of this pattern again so eventually is this played out and broke to the upside we can see the price of 42,000 according to the pattern.
DXY is looking bullish again gaining more upside momentum broken the multiyear resistance line however if this closes above then we might see more rise in the dollar index which effect bitcoin to move to the downside.
Matic has formed descending triangle pattern on a Daily timeframe which is a bearish pattern however the crucial support is 1.1314 if this breaks below then we might see MATIC under a dollar and that might be the opportunity to fill up more.
BTC/USDT (timeframe 4H) There's a breakout occured from the descending broadening wedge or descending trend line in which it is most likely for bitcoin to move to the upside probably would be expecting this type of.move as drawn in the chart. See for yourself. Failing attempt might cause harsh dump, but recently in our YTB we showed some bullish signs according...
Another bearish pattern is in the charts right now which already broken down and currently retesting it so it does make a confluence that we might see some more downside action in the price of Bitcoin, however recently the onchain data shows that 2billion dollars worth of BTC just took off from exchanges, So for that reason it does seems like we might see a relief...
Bitcoin is forming Head n shoulder pattern on 4H timeframe currently the price action is looking week so it might play out, If tit breaks the neckline the target for this pattern is $37,896.
Bitcoin is respecting this bullish pattern on the 4H timeframe however, We are seeing some bearish momentum taking place again right now. In order to gain more bullish momentum BTC needs to close above 40,800$ resistance. However we are seeing the dollar price index (DXY) is rising and poking on to the multiyear resistance of 100.683 if it goes above that level...