#Bitcoin possible scenarios for the next bull market#Bitcoin possible scenarios for the next bull market based on time cycle analysis.
1-BTC
BTC/USD - Weekly OverviewThe past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level.
The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level
The MACD level is still attempting to cross above the histogram. Overall, BTC is facing significant resistance at $17K and $18K thereafter. On the support side, $16K and $15K are the levels to watch out for.
BTC UPDATE #BTC UPDATE.
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box area only on confirmation.
What do you think guys BINANCE:BTCUSDT
Looks like a symmetrical triangle pattern, comment your thought on this..
#BTC mrning update on daily time frame#BTC didn't shown any movement may be because its a holiday week and global markets are also off too.
On HTF, Price looks like struggling to move up and might reverse.
Anticipating anything would be early. So look for LTF Breakout for predicting high probable move.
#BTC update Day Time frameLet me know how many members want technical analysis like i do in past with weekly signal
$BTC Daily Update$BTC 1D closed with bullish engulfing as expected, but no sign of follow up from current 1D. Needs to breakout $17,097 to put follow through close today. As of now looking to test $16,750 support, $16,905 continues to resist, Requires to maintain current support to retest
DXY TOPPING PATTERN AND PULLBACK IDEADXY is in a large expanding megaphone pattern. If it holds true, top out and some relief comes in around 114 ( BLUE BOX )
BTC/USD - Weekly OverviewThe past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick formation.
Thereafter, BTC was not able to maintain sustainability in the resistance zone also led to a breakdown below 0.236 FIB level on the Fibonacci retracement table. Currently, the price level has again entered the lower consolidation range.
Considering the technical indicators, MA-10 is vulnerable to have a negative breakout against MA-50 which could be an indication of further downfall. The RSI level has also disrupted its rising channel momentum causing a negative breakdown. Overall, BTC is looking vulnerable to retest support zones residing at $16K and $15K. In case of a positive comeback, it can face resistance at $19K and $20K, respectively.
BTCUSD- Next Target and potential bottomChart provides BTCUSD next targets and potential bottom. DYOR
Bitcoin Blueprint Fibonacci CirclesAn enlarged version of the daily line of the Fibonacci circle of the Bitcoin blueprint, a closer look at the position between the K-line and the circle, and an accurate grasp of the biggest ups and downs in each general direction. The core is to be able to buy at the lowest and sell at the lowest The highest, this picture has completely solved all this, the red center circle is the top in the past, the two thin blue circles above are the positions where the top broke in the past, the dark green is the bottom and the position where it broke in the past, and the thin orange is the position in the past Tops and previous lows, thin yellow lines are past top highs and lows, thick green lines are past top breakouts and past bottom lows and future bottom lows, thick yellow lines and thick blue lines are past bottoms and future bottoms The bottom is the bottom after reaching the thread, all accurate to the tip of the needle.
Btcusdt looks Ready To Test 14.5kBtc Looks ready to 14 To 14.5k Area
We Can expect Bounce From Lower Line Of falling Wedge
We Dont Have Any reason On Chart to Buy Btc
$BTC Daily update$BTC $17,301 support in effect tested once and holding. $17,592 initial resistance from here. 1D closed ugly with bearish engulfing as expected yesterday, Current support remains crucial to hold or revisit to $16,750 possible.
BTC WARNINNG! updateAs I said in my previous analysis BTC might face resistance around 17400 - 18000
It has shown weakness on the buy side If a red candle closes today , you can go with a short position keeping the previous day's candle high as stop loss
Or if you are a breakout trader then wait for the breakdown of the channel
BTC UPDATE - 15-12-2022BTC is been showing the respect from the resistance zone.
As it has cross the trendline of bearish now going up side with Higher Higher and Bulls might be back if is does not retrace from the resistance mark if it break down with the restest we can see the selling days else if it Goes up and crossed the zone it will go up.
There might be more chances to sell side because of the fugazi of recession and a bit impact of FED People who has enough money will run the BTC because GOVT does not varify the moves .
SO BE PATIENT BE SMART AND TAKE MOVE AS PER THE BEST UNDERSTANDING.
$BTC Daily Update$BTC $16,905 support held, Reattempt at $17,301 in progress. Bullish engulfing on last 1D close, Needs follow up from today's daily close, if followed thru $17,592 test likely. Continue watching given S/R
BTC/USD - Weekly OverviewSince the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end.
It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also tested the resistance zone multiple times but was unable to have a positive breakout.
On the moving averages, MA-10 is still sustaining the positive crossover against MA-50 which is a positive sign. At the same time, MA-50 is proving to provide support to the world’s largest cryptocurrency whenever selling pressure is faced.
The RSI level is also sustaining within the rising channel pattern formulated on the chart. Overall, BTC might be consolidated in nature but sustainability above $17K could lead up to positive developments towards the end of the year. The resistance levels can be placed around $18K and $19K while the support levels can be placed at $17K and $15K.
$BTC Daily Update$BTC Given resistance at $17,301 held strong during the weekend. $16,905 support being tested. Last 4H followed up the bearish engulfing from last 4H close. Both weekend 1D closed bearish, Watch $16,750 support for test if current 4H turns bearish
#BITCOI Bullish Flag on 15 TF Chart#BTC /USDT ANALYSIS
BTC is consolidating in a bullish pennant between the narrow range of $17,280 to $17,320.
A solid breakout of the bullish pennant and a break above the horizontal resistance will give a bullish confirmation for a target of $18,200.
$BTC Daily update$BTC WOW! Flip the bearish engulfing last 1D closing bullish. Attempted at $17,301 currently struggling at the resistance since more than 12 hours. $17,097 support yet to tested, if bullish engulfing followed thru today we could see $17,592 test. Weekend approaching
$BTC Daily Update$BTC Hanging on $16,750, bearish engulfing on last 1d close. Looks weak $16,750 at high risk. Watch $16,155-$16,383 for support if bearish engulfing followed thru.
