1-BTC
Bitcoin TA : WHAT THE FUTURE HOLDS ?We are now seeing a retracement on #btc after striking the 50% fib level at price $31125 from last high to swing low on monthly.
The next move is #btc tumbling further to our respective demand zones. We have Identified two possible outcomes A & B.
Option A(Blue): Bitcoin will reach the 50% fib at 22,521 and if the level holds we could see a retracement back to highs and potential newer high of 36.6k level. Which marks major supply for #btc.
Option B(orange) : Bitcoin could see a steeper retracement towards the 61.8-78.6% golden ratio on the fib. The prices are 21k-18.9k and see a strong pullback to the supply zone of 36k.
Note: These are technical analysis based on probability and is not 100% accurate. Please do your own research before investing.
BTC long opportunity. Targets 31.4kAs we can see BTC has formed a hammer candle on a retest zone, We might hit a new higher high. If that happens we can surely lookout for long opportunity on next retest near 30460 or if it forms any bullish retest signal above that which will probably give the targets of 31432 & 32000. Let's see & wee.
Why?
Strong hammer on 78.60% fib.
We already have a breakout from a long & strong consolidation from 27.7k to 28.8k.
What can go wrong?
Wait for a new high. It is also possible to have a double top or head & shoulder near recent high level or before that.
BTC/USD - Weekly OverviewThe world’s largest digital asset is facing consolidation for the past couple of weeks. On the technical chart, it has formed a consolidation range between FWB:27K to $29K.
Within the consolidation range, the price level is having support from the middle basis and resistance from the upper line as well. An opposite move could be a significant momentum signal.
The RSI level is showcasing negative nature (55.85), which means that BTC might again test the support present on the middle basis.
The level of consolidation could be identified through Historical Volatility which is currently just at 7.52.
Overall, Bitcoin needs to break above $30K and then $32K to resume its bullish momentum. On the contrary, if the profit booking momentum kicks in, it will have support at FWB:27K and FWB:25K , respectively.
BTC Is In No Trade ZoneBTC is Long in High Time Frame but in 4h or 1Day it was in Distribution Zone Accounting to me BTC will Take a Retest of Down Down and Hunt the Stoploss After that it Makes a New High for this year... So, Wait for the Retest and after that Wait for the Confirmation Candle Than Enter the Trade …
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency is now eyeing to break above the crucial mark of $30K. In the past week, BTC did face profit booking momentum which forced the price level to drop to $26.5K.
However, the level bounce-backed and currently maintains sustainability above 0.236 FIB level, which is a positive sign
The expansion in the width of Bollinger bands suggests that BTC might be ready for another potential upside.
For breaking above the $30K mark, the RSI level must sustain above 50 but currently showcasing negative nature.
Overall, BTC bulls will face resistance at $30K and $32K. On the contrary, if the profit booking momentum again kicks in, support levels can be placed at $27K and $25K.
bitcoin major support , major resistanceremember last time price went to $19600 now it roaming at the price of $28k
we passed this signal to hold long from $20k now, again the situation is becoming tricky , you know what to do in these conditions
hold firmly for the support zone once the week candle ends
follow for more
here to help you not to disappoint.
!thanks
Bitcoin chart , direction is clearas the upper line is working as a trend line for btc but not along with its range as the ends the market will move against the sentiments,
beware with your trade the fluctuation will not be slight , it would be highly volatile
for further details
stay connected and stay tuned
thanks!
Massive Drop Incoming | BTCUSDT 🔻🔻According to the 1D chart, it appears that the market is currently trading within a range, and there is a high likelihood that a drop in price will occur in the next few days. Market is being manipulated by market makers to liquidate new traders and earn profits from their losses. Therefore, it is important to not be deceived into thinking that the market is currently experiencing a bull run, as it is actually more likely that we are in a bear market.
#bepatient #drop #25k
BTC Pure Manipulation | Target 25k..#BTC has been rejected three times at the 28.6k level, indicating a strong likelihood of a significant decline. It is advisable to maintain short positions and refrain from making impulsive decisions, as this appears to be a result of market manipulation.
#staystrong #trap #BTC
Btc short position with supp & resis always see trade opportunity in short time frame like 4hr 2 hr 1hr for the confirmation and keep eye on larger time frame to see the movement
As we talk before, i see some short opportunity and taken a trade mine target was 25250 and 200MA, where i took some spot trade here you can see spot trade opportunity see the link below
BTC/USD - Weekly OverviewThe world's largest cryptocurrency developed a much-needed sustainability above the FIB level of 0.236 FIB level.
However, MA-20 looked vulnerable facing a negative crossover against MA-50. This may result in a breakdown below 0.236 FIB level.
The RSI level also showcased its negative nature while residing at the level of 36.72.
Overall, the support levels for BTC can be placed at $26K and $24K. While the resistance levels can be placed at $30K and $32K.
BTC bitcoin big cycle ABC waveBTC bitcoin big cycle ABC wave, the green line is the trend line is the target position of C wave rise, the vertical line is the time period of arrival, three waves ABC, A wave rises, B wave falls, C wave soars, and the long line is mainly back to the highest in history Nearby, and broke through the highest point in history, and finally rushed to a record high of more than 100,000. The volume of C wave can be enough to rush to a position close to 200,000. The surge of C wave will definitely hit a record high and break through 100,000.