Bitcoin / TetherUSShort
Bticoin 30 minute chart 2 NEW Patterns - Check it out!
Updated
Bticoin 30 minute chart New Patterns - Check it out!
Hello dear friends and traders,
There are some new developments on Bitcoin's 30 minute chart.
Bitcoin has already formed a Bearflag and is moving in this pattern. We also see the formation of a Head shoulder formation.
I expect up to 33700 as the highest point for the right shoulder, After breaking through the neckline we see the following targets:
31400
30500
29400
My previous analyses with several larger head shoulder formations are all still valid!
No long term prediction but trade what you see that is easy on your mind and gives no conflicts!
Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart.
I wish you all good luck with trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Hello dear friends and traders,
There are some new developments on Bitcoin's 30 minute chart.
Bitcoin has already formed a Bearflag and is moving in this pattern. We also see the formation of a Head shoulder formation.
I expect up to 33700 as the highest point for the right shoulder, After breaking through the neckline we see the following targets:
31400
30500
29400
My previous analyses with several larger head shoulder formations are all still valid!
No long term prediction but trade what you see that is easy on your mind and gives no conflicts!
Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart.
I wish you all good luck with trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Trade active
You can see that every time the price goes up, the volume goes down. When the price goes down, the volume goes up. Should the price rise then we need to see volume to confirm it otherwise it is a move which will not continue.This behaviour is extremely bearish so I would not really hope that things will go up. If it happens we want good volume and some levels broken first. Preferable with a daily candle, even better 2 of them.
Succes my dear friends! Don't forget your stops in place ;-)
Note
Bitcoin has formed a new minor bearflag and is now testing its lower trendline. The HS formation has not yet been broken at this time. Volume is bearish due to drop in volume when price rises and vice versa. See the red arrows in the chart and compare it to the price above it.The overall picture of Bitcoin looks very bearish but we have seen that in the other charts I have posted.
My previous analyses with various larger head shoulder formations are all still valid!
Good luck dear friends
Trade active
UpdateYes indeed, again a new small bearish rising wedge. We have now 3 of them and we see also 2 extra HS fromations besides the 3 from my previous analyse! The 3 bigger also valid.
First targets in this chart 32226 - 31512 - 30492. + Targets from previous posts.
Good luck dear friends!
Trade active
Target 1 has been met and target 2 has been met! and now on to target 3! Good day dear friends!
The Last HS formations are slightly redrawn and still perfectly valid. Just like the 3 major HS formations from my previous analyses.
Bitcoin is still in a downward trend channel. The neckline of the blue HS has already been retested, that of the orange could possibly be re-tested as well.
I expect a further decline and only at 33400 where the new stoploss lies will things improve.
Good luck and always trade with a stop loss.
Note
New bearish rising wedge.Good afternoon dear friends!
Please look at the chart.
Bitcoin formed a bearish rising wedge. IT is also at the point for the re-tests of the neckline again. BTC moves in the downward trendchannel.
A break above the red trendline will probably trigger a move to the upper side of the green channel. If it bounce on the red trendline which is the expected move it will continue to decline.
Wish you succes and profits!
Trade active
The bearflagThe bearflag has been broken so normally continuation of the downtrend.
Succes dear friends!
Note
Diamond/ Inv HSGoodevening dear friends!
A small update here from Bitcoin
We see a small Inverted HS and a Diamond topping pattern.
Watch out for the breakout. The bigger HS formations are still in play from my previous analysis.
If green trendline is broken target we see probably the top of the channel in green.
But look at the volume! No volume = no valid move!
Keep an eye on the levels and wish you succes dear friends!
Note
The downward trend continues.As you all know from the analyses, I have no doubt about the direction of BTC, it is still short.
Very first target is of course the low of last time at 28800 and there you can expect a rebound of the price but now the target of 25000 is fast approaching. Catching a falling knife can result in a big loss. Before going long you need confirmation.
Good luck with trading dear friends!
Note
Important!Dear friends,
We see Bitcoin made a bearish wedge and also a expanding triangle. I think the expanding triangle could transform to a diamond pattern but it is still very premature to say. It will be more clear with time.
If Bitcoin break the trendchannel that could be a warning but to change the downtrend we need to look at the 4 hour chart and the last high need to be taken out = 33300. After that there need to be a higher low and that would be the signal to go long. That lower low can be confirmed with a bullish 4 hour candlestick, a double bottom and so on. I do not expect it but only price will tell.
Succes with trading!
Note
Dear friends,We continue the uodates now on the newest post.
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