bitcoin has surprised many of us , we have been witnessed a rapid week of bullish but it all came after a deep dive of $19600 and now btc is trading around $28500 what major concern here for bullish reversal here is if it comes below $26330 then short position will make their high posittion for further check the bio thanks!
Bitcoin close the weekly candle above the $25,000 key level. We will see a last wave toward the $29,000-$32,000 resistance level. You can start booking profit or increase your stop loss as we might see a test of the $25,000 level in the coming weeks. if btc doesnt close above $28700 then the reversal patterns for price action start to perform and bounce back...
Today as we can see IN bitcoin price there is an resistance range between 28269- 28861 and a strong support zone is in between 26986-26807 SCENARIO 1 If we see a strong breakout above 28800 then only we should buy SCENARIO 2 For today if we see a breakdown below 27600 we should take take profit at support level because from there we can see a bounce back. ...
Bitcoin is going is high, but volume is decreasing continuously. Its a sign of weak bullish trend. Market will fall soon !!
Due to some news Btc has reached its resistanc'e level and u know that there is high chance's of price falling from Resistanc'e price and Btc Price is also forming and pattern elliott wave theory/2Biggest Early Indication Of Barish Price Falling.
Bitcoin consolidation in the weekly box will either break up or break down in the next 3 months.
I hope all of you guys have made the profit through my long published idea of btc while it was accumulating around 20500$ it jumped around 6000$ from there almost now talking about the current predicament of the market the mother bitcoin is consolidating if it stays around 23900 zone below this distribution will start it is advisable for you to not to take any...
btc broke out of head n shoulder pattern in weekly timeframe after a long bearish run
This chart shows the historical price of BTC relative to the 'Bitcoin halving' which happens every 4 years. The halving event creates a supply shock as the issuance of Bitcoin to minders is cut in half. The next halving is scheduled around April, 2024 where BTC issuance will be cut from 6.25 BTC every 10 minutes to 3.125 BTC. Reference the law of supply and...
BTC has already gained more than 11% in the month of March. The question is will the rally continue and if we will see the price reaching $28K. With the coming of CPI data, we saw BTC price reaching high of $26386 (at the time of writing). Currently, the price is above 21-EMA and 50-EMA on a daily as well as 2- hourly timeframe. The next target price is $28300...
$BTC exactly jumped from average weighted buying price from the bull (The Blue and Yellow line) and makes 25% move to the upside. Now it is facing resistance where usually swing traders take profit($23.9k - $24.5k), also MFI retesting the bottoms of H&S pattern trendline and RSI upper trendline also being tested. If $BTC breaks these trendlines and crosses $25.5k...
sustaining on strong support, about to break down trendline, sl and target are given , HAPPY TRADING AND GOOD LUCK
Bitcoin make a Double Bottom The recent selloff in U.S. stocks, particularly in the financial sector, has delivered a blow to investor sentiment. On Thursday, the Dow Jones Industrial Average dove more than 500 points. Other major indexes are also on track to record significant weekly losses.
In daily timeframe we can see there is a bearish divergence, which can drops bitcoin in 20000-19000$ range, if played out. Money flow index also in making head and shoulders pattern. We can expect a small leg up to complete H&S pattern and then dump in price. So guys trade carefully. Not a financial advice Trade at your own risk
long buildup is going to complete, waiting for breakout the resistance, another bullish confirmation - ascending triangle pattern II if trendline breaks, there would be another bearish trade setup II SL AND TARGETS ARE GIVEN.. GOOD LUCK & HAPPY TRADING
Bitcoin rose 2.3% when it finally reached the middle of my liquidity box. This deal occurred in the early hours of the morning, so I missed it even though I wanted to participate. What follows then? I'll wait for Bitcoin to either break my liquidity box, which would then indicate that $22300 would be the next target on the downside, or for BTC to break the...
BTC price has been moving in the consolidation zone for 8 days. If we consider the swing from 31st Dec 2022 - 2nd Feb 2023, the price has followed Fibonacci Retracement with the price bouncing back after reaching the 0.618 retracement level. Any upswing can push the price to the 30k level. Note: Note: Studies are for educational purposes only. We will not be...