BTCUSD : Looking for shortBTCUSD is looking short opportunity after having impulsive break at 23500 and now expecting to move to the downside at 17k
Bitcoin-btcusd
BITCOIN IS FORMING A W PATTERNBitcoin market update: #Btc has formed a W pattern on the daily, meaning a chance of a reversal towards 26.6k should we break 22,800. The RSI also has formed a higher high, indicating a possible price momentum towards the upside.
Although price could go up from here, don't be fooled , that we are still extremely bearish on the daily and weekly and this move is only to trap retail, spread euphoria and form a higher low.
BTC/USD - Weekly OverviewFor the past week, Bitcoin faced the wrath of bears as it slipped below the crucial psychological mark of $20K. It has registered a new 52-week low of around $17,500 on the charts. A figure that is not wished by anyone.
However, there has been a positive bounceback since then. We are witnessing a potential bullish crossover in the MACD which could possibly hint of more positive momentum ahead. The price level is also looking to develop sustainability above MA-10.
On the contrary, if we face profit booking momentum again, support levels can be placed at $20K and $18K. However, if the ongoing positive momentum is sustained, the world’s largest cryptocurrency can face resistance at $22K and $24K respectively.
bitcoin - path aheadBitcoin is currently in its last leg of fall, a new low pending after some retrace and then one way up.
expected path traced on chart
BITCOIN- CURRENTLY ON A SUPPORT LEVEL #btc #btcusdBTC is currently on a support level , but chances for dropping in to 14k levels are high
dropping below 14l$ is not good
Looking at a 85% correction from top for buy trade.Seeing the history of correcting 83% from peak then 72%,56% and now I see a correction of 85% before BITCOIN starts it's upward journey. Thus according to my analysis after expected correction of 85% from peak demand zone for buying comes in the zone 12065-9825. Let's wait for 12065-9825 and see how the price reacts. No long trades before this level.
BUY BITCOIN for long term buy 19000-19500Buy Bitcoin
pradeep Joy Trader
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$BTC Daily update$BTC retesting $20,812 support watch it👀, last 4h close not looking good. Current 4h representing fakeout watch given support areas, still no sign of strong support.
BTC/USD Bitcoin in support zone. reversal from this level is possible. if this level is broken then big fall possible
btc short teerm analysiscurrently i am looking at the wedge and looking for some upside upto 32k and if we break 32k then it would be nice bullish scenario otherwise we come back to bottom of the wedge.
🪙 #bitcoin crucial level BITSTAMP:BTCUSD
as this is a crucial level, long term inverses should watch this level closely. For trader, everything mentioned on chart.
BTC Breakout Happened..Bitcoin gave the breakout from the ending diagonal pattern as stated in the last post. Outlook should be bullish now from here on and the targets to look out for now are first touch 200 Day SMA and then towards 50k. #Altcoin might give bigger gains from here.
#bitcoin #altcoins #btc #crypto
idea for BTC !Long position !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11
Go LONG $BTCUSD for 47k+Go LONG BTC for the time being to reach 47K+ tgt. on 12 hr chart it forms a falling wedge which is a bullish pattern..
BALRAMPUR CHINI ANALYSIS 20.04.2022BUY 411 TO 436
TARGET 660 TO 680
Reason For Buying This Script :
In this script it forming Elliott wave in monthly time frame. Now the price in 3'rd to 4'th wave which indicate selling. Once the price come at above given level means try to accumulate.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
Bitcoin's lifetime Fibonacci Lines & DiaryBitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies.
I've drawn multiple scenarios for reversal without having an ambitious target like bitcoin maximalists or Cathie Woods. It's possible but not anytime soon.
Stick to entering your positions on any resistance line that could potentially become support.
And stay away from scalping for a few weeks :D
ETH USDT 1DAYETHUSDT 1DAY is now retesting the breakout made. also shared the idea earlier and now the breakout was made. waiting for ATH.
Revisit this chart if Bitcoin touches 87-88K. Valid,
If BTC is forever
If Adoption continues
If it becomes a better asset class on institutional levels
More than just a speculative layer.
BITCOIN BIG TIME FRAME IDEA37K TO 61K AND THEN GO TO 15K BY END OF YEAR
Invalide below 29k monthly candel close in march
Bitcoin to 50K - Start of Bull Trend Yes - Bitcoin is ranging . Tested support and resistance multiple times. I can see clear W pattern is establishing which is really bullish in nature.
Supply is exhausting , shorts getting closed refer btcusdshorts in bitfinex , TA is completely bullish . We should see a good journey towards 50k soon.
