After a massive bear run, BTC holders saw an almost 40% gain in Bitcoin price in Jan 2023 pushing the fear and greed metric into the “ Greed ” zone. After a strong rally in January, what is next for Bitcoin? In the last 8 years, we have seen a green February for Bitcoin except in Feb 2020. Thus, we expect 2023 February to be a green February for Bitcoin.
Bitcoin is holding range of 23400-22400 a breakout is necessary for a big move from previous trend investors are expecting some big move in bitcoin upside direction so traders can play in a range by buying at whenever btc touches or support price.
DICLAIMER: THIS POST IS FOR EDUCATIONAL PURPOSES ONLY THIS IS NOT ANY RECOMENDATIONS TO ANYBODY FOR BUYING OR...
Bitcoin at its Crusial Level
First its going through its parallel channel along with that created Reactangle chart pattern and after Breaking Up Parallel Resistance Or Rectancle Lower Resistance at Same time its Straight forward its Previous Major Resistance of Rectangle Chart Pattern …..
There is more tha 3-4Days Bitcoin Is Cosolidating at Same Levels Breaking...
As u have seem in chart btc has reached at resistance and order block. btc should break these and stay above to get a bull momentum towards 25k . my thought is that btc is goin below 20k or to new lows. DYOR
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box...
Here is my view on BITCOIN for the upcoming year. I expect a short bearish move towards 12000-14000 range. One could possibly accumulate BITCOIN in the discounted range of 12K-14K and expect a minimum return of 400% when BITCOIN reaches its all time high of 70K.
NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals
Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ...
A trendline which is acting as resistance ATM
A sideways Channel that indicates sideways move on the chart
Our Last TP as mentioned in...
Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of...
There might be a big dump in play on the bitcoin daily and weekly
Stoch rsi on both daily and weekly are hot
Long going trend broke and now acting as resistance on weekly time fr
Daily Macd is exhausting
Note : For Educational Purpose only.
BINANCE:BTCPERP is perfectly following the bottom trendline support as shown ... also as it appears it can form a possibe W or Double bottom pattern. Which is a bullish signal.
- All the levels are mentioned in the chart.
Note : For Education purpose only.