A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
A Trading Signal is seen in the BTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 38293.7
⭕️SL @ 37365.0
🔵TP1 @ 41224.3
🔵TP2 @ 43510.0
🔵TP3 @ 45624.0
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BTC Got Rejected From TrendLine Resistance At 38500$ (approx.)
Also Breaking Down The Support Level At 36500$ (approx.)
Flipping It Back To Resistance,
Approaching Towards Next Support i.e., 34500$....
If 34500$ Support Didn't Hold Then ,
We Likely To See a Free Fall Towards Liquidity Raid📉With A Possible Long Wick....
Hello again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up (believe it or not) and we have plenty to discuss today. The bears struck this week and let us know they are still a force to be reckoned with. But the bulls rallied back. Can the bulls keep the momentum or will we see a bear attack this coming week....
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:...
Trade Setup for "Swing Trader" :-
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn(at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month....
. There is a possibility of temporary retracement to suggested support line (7152.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. BTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
MFT Mainframe looks completely prepared to take off, currently the only low satoshi altcoin which has not pumped yet. by looking at charts its clear that bottom has formed, you're getting bullish divergence and its getting accumulated from last few days. from here i was expecting the first wave to hit upto 65 sat or higher, and then a deep correction of wave 2...
finally we broke the 6000 barrier, now things get critical from here, as i said before 6000-6450 is the major resistance zone we need to break and hold for the next major bull market, usually prices falls back and retests the support levels, which in this case are around 4200 and 3200. fun fact is that despite of having negative divergence as shown by RSI bulls...
In 2018, John McAfee put his prediction for bitcoin $500,000. I just made the path. how it will go to john mcafee $500,000.
Not a investment advice but it will happy to Bitcoin longterm hodlers. May be in 2028 bitcoin will become Global Money as an Assets.
First you should focus on $100,000. $100,000 Path link below.
happy Holding, Hodlers
It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed.
Things like these are said and proven false for over and over again. Especially, by the important financial figures out there.
Looks like this is the end of the cycle from accumulation to crazy momentum uphill....
After the three wave advance to the upside, the marked is reversing again towards the local lows at the level of $8,200. This small wave up might be a wave x, which indicates a possible drop lower towards the level of $7,712 as the correction evolves into a complex one. Moreover, the golden trend line is still providing the dynamic resistance for the price, so as...