Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema. On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels The bitcoin is forming a ascending triangle chart pattern on a bigger time frame. Support levels :- 41980,...
📈 Bitcoin 📉 It has broken out from downtrending trend zone and given first signs of forming higher high higher low. Started forming up upside trending trend zone (this zone is yet to be tested to be strong support zone). Immediate Upside resistance is at 46000 levels. Have to watch how price behave around these levels. My Personal view :- Price should face...
As expected, BTC traded in a narrow price range throughout the weekend. There was no particular activity on the market, but it is worth taking into account the increased fear in the market. Since if you look at the alt-market, then most of the instruments there sank very strongly relative to Bitcoin. The dominance of BTC is growing, which means that...
After breaking the trend line, it got a resistance from 46k level which is also a 38% fib retracement area. If we are breaking 40500 level, we may retest the trend line which is 34500-35000 level. it will be invalid if we get a closing above 47k.
The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend. - Showing that it has already reached the maximum price. (01 Feb.) - And that the possibilities are now in favour of a downward price movement. (02 Feb.) In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top,...
Bitcoin is the main pillar for all cryptos, it has made downfall almost 50% from past 2 months (from Nov) onwards, there is a major support zone around $,27000 to $,31000, since it has fallen 50%downside from an all-time high, we can expect 27000 to 31000 this zone can act as a support, this is the right time to invest in bitcoin but will wait for the market...
1. The current structure looks very similar to the accumulation structure formed in May-August 2021. 2. The distribution schematic was clear in May, but this time (in November) it was not as clear and seemed like a pullback. 3. Retailers are bearish now since the price broke down below 200MA and a death cross is nearing. This is conventional thinking. Retailers...
Bitcoin has fallen more than 40% since it made its top. Is it a good time to invest in it or should you stay out of it? Have a look at the video to understand the levels where it would be a good buy. If you like it then please do not hesitate to LIKE & SUBSCRIBE
After completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are...
In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals). It's just a pattern, I hope this analysis be right for all who own btc usd. "When touches white line, time to buy". NOTE THE SIMILARITY! This is an updated chart I published 29/12/21 (see link to related ideas).
BTCUSDT Today Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
BTCUSDT Today Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
BITCOINS JOURNEY SINCE DEC 2020 TO JAN 2021 The major cryptocurrency Bitcoin prices has recently slashed from $69,000 to $40,000 in about less then 2 months. Bitcoin was on its peak at $69,000 on November 10th, 2021 and it made a recent low of $ 39558 on Jan 10th 2022, a decline of 42%. However, in last few days it gave a sharp upside movement towards $45,000...
These was a possible reversal from the Fibonacci Circle, but shall we consider it as a trap? I'm still bearish on bitcoin, what are your views? The Microstrategy buying bitcoin news did pump the market. But, shall we consider it as a trap, or it is a good sign to buy the dip? Well, according to Fibonacci, the 3.618 level of the circle are possible reversal zones....
Bitcoin Price Forecast - BTC Price Prediction and Technical Analysis. You need to watch both the trend lines for btc next move. if btc break the lower trend line then btc can come to $39600 and if it break the upper trend line then btc can goes upto $70,000
BINANCE:BTCUSDT BTC has broken $59,500 which was its previous breakout level, the same level which was later acting as a support. So clearly after that level broke the next support we see is at $53,000 ($53,013) if u want to be precise. If BTC breaks $53,000, we will be heading to $48,666.
Bitcoin dumped hard because of Infrastructure bill, ethereum foundation selloff and china fud. The volume was weak since a few days and the pullback which was around the corner finally came. Btc has found support at the conflux of a major support level and the 50-period Moving Average. I expect it to go lower to 100-period EMA and the next support level at 56200...