💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (47888).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 50473
TP2= @ 52604
TP3= @ 54986
TP4= @ 58023
TP5= @ 59526
SL= Break below S2
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Bitcoinforecast
Bitcoin. To sum this up,In my opinion, one of these scenarios are primed to play out.
1 & 2.
1] (White fractal) suggests that this correction will end around $24K
Macro market structure would still be intact and it would still look like a typical correction that Btc goes through every bull cycle, however of a greater magnitude.
This would mark the bottom and we should head higher with good amount of consolidation.
>33k would be a early long trigger signifying its out of the "woods"
A "Zhupercycle" if you will.
2] (Red fractal), If Btc pierces through $20k fiercely, that would lead to a break in the market structure and would be a bearish confirmation for me personally.
Will look for exits around $28k then.
A full blown bear would take us to even $12k-$14k. Not praying for this in particular.
If any of the above scenario(or both) is to be invalidated, Btc is required to sustain above $33k.
Whichever way you plan to play this, think it through well, and more importantly, survive.
Godspeed.
💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (46733).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 51232
TP2= @ 53410
TP3= @ 55439
TP4= @ 59526
TP5= @ 64793
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bitcoin USD price action analysisWhen bad news hit the crypto market, bitcoin started crashing. So I used Gartley's bullish harmonic pattern to find out possible reversal. It happened to be successful. Now I've used a bearish butterfly harmonic pattern to find out possible upside targets.
If on the upside Bitcoin manages to close above 59K for the day, we could see the next targets.
Is BTC Going Back To 50K ? Have a look What Coinguru Have to SayHey guys welcome for a fresh update on BTC
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Is BTC Going Straight up..
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Hey Guyz
Its been long haven't reach out to my audience..
Last few months was bit tough for crypto community and we bounce back well
So according my observation what i see is
BTC Shall retrace back to $44800 level as we received volume support here
and
Then will finally Bounce back to $48k - $50K region
In the meanwhile Alts Can see a short pump
as btc dominance is on verge to break neck line to the down
Don't Miss Out on it....
Give a thought to it and manage your risk carefully...
Let me know whats your target and suggestion In Comment Section
Will Be back with another Premium Analysis in the mean time..
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Thanks for reading... Give us a THUMBS UP if you like it...
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this is Husain Zabir, signing out
Thankyou...
Bitcoin Making RSI Divergence Pattern- Possible BreakoutsFollowing chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Inverted Cup and Handle Pattern: A Bearish Technical sign......What is an ‘inverted cup and handle’?
An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle.
If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted cup and handle is the opposite of the regular cup and handle. Instead of a ‘u’ shape, it forms an ‘n’ shape, with the handle bending slightly upwards on the chart.
Bitcoin Price ForecastCrypto Market has no strong confirmation of reversal.
Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again.
Key SAR level are
R1 / R2 : 36k$ / 41k$
S1 / S2 : 28k $ / 19K$
Bitcoin Descending Triangle PatternA 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 breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
KEY TAKEAWAYS
A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.