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.
1-BTC
Btc analysis & spot entry with supp & resis, fib retrac daily TFAs we approach the FOMC meeting tonight, there is a possibility of a negative impact on the market if the Fed decides to increase interest rates. In this scenario, we may see an opportunity to enter the BTC market at lower levels.
Looking at the daily time frame, we can identify key levels of support and resistance to inform our spot entry strategy. Specifically, there are marked spots where we may consider entering the market. Additionally, there is a Fibonacci retracement golden pocket that serves as a potential support level.
However, it's important to note that if the 20 MA and 50 MA fail to provide support, we may witness a downward trend towards the 200 MA. As such, it is crucial to keep a close eye on the FOMC meeting as it may cause significant volatility in the market over the next few days.
In summary, our analysis suggests that there are several opportunities for spot entries in the BTC market on the daily time frame, with potential support levels and a Fibonacci retracement golden pocket. Nonetheless, market volatility may increase in the coming days, and we should remain vigilant for any signals of downward momentum.
WEEKLY BITCOIN WE ARE NOT...BITCOIN's all time High on 08Nov21 @69198..7
Bitcoin extreme POI is not mitigated yet!
We can see a couple of HIGHS as well if we see High in Descending order we can see the yellow colour represent the third high @32446.5
Once the Price Breakout the third high after that we can say we are in BULL MARKET!
WE ARE NOT IN BULL MARKET YET!!!
BULL TRAP!? BINANCE:BTCUSDTPERP
CORRECT ME IF I'M WRONG!
Bitcoin BTC daily trend line cycleBitcoin BTC daily trend line cycle, the red line is the bottom in the past, breaking the previous support and turning resistance is the position where it will rebound and rise in the future, the vertical line is the future top date, the red hammer is the future top price, and the green line It is the top of the past. Breaking through the previous resistance and changing to support is the position of stepping back on the support now. It has successfully stepped back on the support in the short term, and it has belonged to the breakthrough trend line in the past. When the trend line is broken, it is bullish. When the trend line is stepped back, it is the last up The opportunity for the car, now the opportunity is in front of you, others are afraid to be greedy, and are ready to start a long-term bull market.
BTC/USD - Weekly OverviewThe past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K.
On the Fibonacci retracement table, the 0.5 FIB level acted as a strong support zone for BTC while it currently faces resistance at the 0.786 FIB level.
Technical indicators including the RSI and MACD have shown significant build-up for a positive bounce back.
Overall, BTC is facing resistance at $23K and $25K, while the support levels can be placed at $20K and $18K.
Btc analysis bearish divergence on its daily TF with sup & resisIf we compare BTC's current ascending chart pattern to past patterns, we can see that for an upward trend, we would need a powerful rally to break the upper trend line. However, when we look at the RSI indicator, we see a bearish divergence, as the graph is going down while the price is going up.
Therefore, it is important to keep an eye on the RSI as well. If the breakout goes down, I have already marked some areas where you can enter the spot if you choose to do so. I am also attaching a chart to show the reason.
Bearish divergence
A bearish divergence occurs when prices continue to form higher highs (typical in a bull market) while your oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)
Please let me know if you would like me to clarify anything further
⚠️ this is my personal TA ⚠️As we can see head & shoulder patter formation on weekly chart as we r in down trend it is possible BTC reach unexpected lows so be careful trade according to Ur TA 🙏
i am sharing it as per my knowledge
i hope it may help someone
and if someone interested to share there ta with me they can
because I believe in sharing knowledge
Yours Lovingly SAK
Warning ⚠️ Caution
i am not whale or Bear of the market
this is my personal TA don't follow me at all
THIS IS BITCOIN TETHERUSSo as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we have to wait for the market to come in the POI price entering the box is called MITIGATION.
18FEB23 1:30 price entered the box and we can see a price consolidate.
19FEB23 13:30 placed short entry and my SL is above New HIGH which created on 16FEB23 21:30 @25250
RRR 1:3
21FEB23 13:30 we saw a rejection again! REJECTION FROM PREVIOUS HIGH!!!
CORRECT ME IF I'M WRONG!!!
$BTC Dump or RangingBitcoin saw a 5% correction as a result of the rising wedge. In the 4h timeframe, $BTC has been trading in this range (channel) for the past 41 days and has the potential to touch the channel's bottom trendline as well as the top trendline. If $BTC breaks out of this channel, either up or down, we could witness a significant move. Meanwhile, if you want to trade this range, you can because it is a good channel.
Not a financial advice
Trade at your own risk
Medium-term bullish breakout possibility Recent golden cross on daily timeframe, consolidation over 200,50 and 20 daily EMAs and price compression just below strong resistance.
SL: 21200
TP 1: 31200
DISCLAIMER: not a financial advice, just personal perspective of the market published only for entertainment purposes.
BTC/USD - Weekly OverviewBitcoin faced significant resistance from the crucial psychological mark of $25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%.
MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment.
However, on the Fibonacci retracement table, the level of 0.786 FIB level is proving to be a strong support level for the world’s largest digital asset.
Considering technical indicators, the RSI level has formed a falling channel pattern and looking vulnerable to a breakout to the oversold region. The MACD level has also faced a bearish crossover and currently forming red bars on the histogram.
Overall, the resistance level of $25K and $27K will play a crucial role for BTC this week. However, if the pullback continues, it can find support at $22K and $20K.
$BTC AnalysisBitcoin rose 2.3% when it finally reached the middle of my liquidity box. This deal occurred in the early hours of the morning, so I missed it even though I wanted to participate. What follows then? I'll wait for Bitcoin to either break my liquidity box, which would then indicate that $22300 would be the next target on the downside, or for BTC to break the resistance trend line, after which it would consolidate before starting its next leg up. Weekly closing is one more thing to keep an eye on; I'll provide an update on it tomorrow.
Not a financial advice
Trade at your own risk
$BTC attempts to break my liquidity box$BTC has previously made three attempts to break the liquidity box but was unsuccessful in doing so. A rally to 29k can start with a close above 25.2k. Normally, it takes 4-5 solid volume attempts to crack a box like this.
Not a financial advice
Trade at your own risk
BTC/USD - Weekly OverviewBTC had a positive crossover against the crucial psychological mark of $25K. The breakout suggested that there is significant positive momentum prevailing for the world’s largest digital asset.
The RSI level is also trading at a bullish level (62.00) with the potential to have a positive breakout to the overbought region. However, the MACD level is looking vulnerable to a bearish crossover.
Overall, the resistance levels for BTC can be placed at $25K and $27K. While, if the profit booking momentum kicks in, support levels can be placed at $23K and $21K.