Bitcoinanalysis
Bitcoin technical analysis bitcoin retesting at a zone 30500usd if it sustain below 31000 for next 5-7days, it may test 20000usd we can see more fall in crypto currency.
if anybody wants to invest please wait and watch (if u want buy, buy @ 20000usd TO 21000usd or buy ABOVE @ 35000usd) #INVESTWISELY
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BTC INTRADAY SETUP - 08 OCT, 2022#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: Medium
EXPECTED SCENARIO:
$BTC is again bearish on Intraday. Expecting it to consolidate today.
BULL CASE:
In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested.
BEAR CASE:
In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today.
NOTE:
On higher Timeframe, BTC is failing to even go to 21500$ zone. Let's see if 19000$ holds.
On downside, 18K support should not break else a dump to 14K$ may happen..
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern.
The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema.
Global markets are negative and the crypto markets follow the similar trajectory of the US market.
Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA.
It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels.
On the hourly time frame, it is trading between 20 and 200 ema.
Support :- 19290, 18870, 18600
Resistance :- 19630, 20000, 20330.
The price range from 19290 to 19630 is a no trading zone.
A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart.
Wait for the price action near the price levels before entering the markets.
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA.
On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema.
The coin price is around its hourly 20 ema and its taking a support from it.
The coin is forming a rising wedge pattern on daily time frame.
Once the pattern gives a break out, bitcoin can give nice targets on both side.
Watch for the price action before trading the setup.
Support and resistance levels are mentioned in the chart itself.
Bitcoin Analysis (BTCUSD)The Price is currently sustaining at Year 2017 High. If we talk about the current market structure, the overall context remains bearish. The bearish : bullish candles printed on the chart is 4:1 and even the pullbacks are significantly weaker which tells us that the current support level might be taken out and we can slip down by 30% more to test the level of $13000. Therefore, for now the bearish dominance may continue.






















