BTCUSD is looking for short opportunity after forming corrective formation & has potential move to the downside.
the day time frame we can see an Ascending Broadening Wedge its a bullish pattern soon we get support from here market will go to 29k
$BTC HAHAHA! 😂😂😂 $22,750 being tested, if you shorted you made some 💲💲💲. Last 4H close looks bearish with engulfing but 1D close with bullish pin bar. Could hold $22,379 if dipped for a bit with fakeout, $22,750 support looks good.
As mentioned in comments of my previous idea, Btc daily chart has formed a rising wedge pattern which usually breaks down. At around 22400ish will be the support level to watch. If that holds on daily the original target of 28850 will be intact. If not, the support of 19150ish may be tested.
With 1 hr time frame in candle stick, it shows downward trends. Erasing previous bull run, #BTCUSDT may reach 20k in upcoming days.
At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 2774000 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the...
At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 20,500 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the...
BTCUSD is looking for short and expecting to reach at 17K
Over the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of $18K-$22K, the price level had a positive breakout above the resistance level of $23K and sustained it as well. The positive crossover of MA-10 against MA-20 is another bullish signal currently present....
On Monthly timeframe of near ,we can see it has retraced all the way to last year June July levels ..if previous year pattern has to be followed near should bounce off from here to tp atleast 7-7.5$ by the end of next month..as for btc monthly closing above 22.8k would be bullish for it and further rally for 28-30k area would be expected in August month..and there...
BTC is going to have some boring time Price will Range for another 12 months till then no Moonshot Ranging Only
BTC going for test Again Recently Support 21450$ So Now You Guys Open For Short Position
Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days....
$BTC $23,713 tested and broke as expected yesterday, Currently providing a support. $24,129 acting resistance as of now, Last 4H close bullish, current 4H close determine the direction. On 1D chart yesterday close was a perfect follow up for the bullish engulfing from 27th.
It has been observed that BTC normally correct somewhere around 75 to 85% from its resent high on a monthly time frame. Thus it is good time to build the opportunity.
Chart Shows 4HR Timeframe BTC at Major Support if resists at this level can bounce back to 29-30K Zone
At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea. Altcoins: Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations...
Looks like #bitcoin $BTC wanna breakout to 23400. I usually comment on ideas as it goes. So keep watching comments! Happy weekend!