BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT
BEARISH MONGTH SEPTEMBER
In day timeframe chat a rectangular structure is showing on bitcoin
And it’s already breaked the rectangle support zone
So according to the data the current structure showing
The overall September market should must be bearish due to
Technical analysis
The fall should be a huge fall
It must be 13000 point fall due to
The support zone at 43.700
So invested and trader be ready a huge fall is going to occur soon in bitcoin
Bitcoinpricetrendanalysis
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:10RISK REWARDBTCUSD SHOWING A GOOD D
UP MOVE WITH 1:20RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bitcoin (BTC/USD) Price Action Analysis
Introduction
Hold on to your digital wallets, fellow traders! We're diving into the latest price action of Bitcoin (BTC/USD), where the recent breakout has left us all on the edge of our seats. Let's dissect this chart and see what the crypto king is up to. 🚀💰
Price Action Overview
Chart Analysis
Current Price: $55,992.52
24-Hour High: $57,027.91
24-Hour Low: $55,909.09
Volume: 111.36 BTC (yup, that's a lot of virtual coins moving around!)
Key Technical Indicators
Rising Wedge Pattern: A bearish pattern indicating a potential reversal.
Breakout Confirmation: Price has broken below the lower trendline of the rising wedge.
Volume Analysis: Noticeable increase in volume during the breakout, hinting at strong market
participation.
Detailed Analysis
Rising Wedge Pattern
Pattern Description: A rising wedge typically forms during a downtrend and is considered a bearish continuation pattern.
Implications: The breakout below the lower trendline suggests that bears are taking control. The support might be a bit weak here, like a soggy cardboard box trying to hold up your crypto dreams.
Breakout Confirmation
Breakout Level: Around $55,992.52
Implications: The bearish breakout indicates that the price might continue to decline. Time to buckle up, this ride could get bumpy!
Volume Analysis
Volume Trend: Volume has spiked during the breakout, adding credibility to the move.
Significance: High volume during a breakout is often a strong indicator of the move's validity. In simpler terms, the crowd is chanting, and it doesn't look good for the bulls.
Support and Resistance Levels
Immediate Support: $54,600.00 - Keep an eye on this level; it might just be Bitcoin's life raft.
Immediate Resistance: $57,864.53 - The bulls need to conquer this to regain any lost ground.
Conclusion
Bitcoin has shown a bearish breakout from a rising wedge pattern with substantial volume, indicating potential for further downside. Traders should monitor the immediate support level at $54,600.00 and resistance at $57,864.53 for potential bounce or continuation points. Stay vigilant, and may your trades be as fruitful as a bull market in full swing!
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
IS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEWIS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEW
when we look in day chat bitcoin showing these thing.
1. first of all its break a trend line shown on chat
2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap
3. its also breaked the all support lines
there is no resistance so it will fall a lot with out any doubt
4. here buyers are ready to buy but showing a huge downward pressure
it gonna trap her and fall a lot
5. volumes are also showing far more fall
overall mening is ..
i want to ask you 2 question
1 ask youself
Q1. is bitcoin time over
Q2. what is your opinion in this longterm setup
just comment below im waiting for your comment.
and last JAY JAGANNATH
.
when we look in day chat bitcoin showing these thing.
1. first of all its break a trend line shown on chat
2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap
3. its also breaked the all support lines
there is no resistance so it will fall a lot with out any doubt
4. here buyers are ready to buy but showing a huge downward pressure
it gonna trap her and fall a lot
5. volumes are also showing far more fall
overall mening is ..
i want to ask you 2 question
1 ask youself
Q1. is bitcoin time over
Q2. what is your opinion in this longterm setup
just comment below im waiting for your comment.
and last JAY JAGANNATH
Bitcoin has triggered HS pattern. Potential downside target 43k Head and shoulder like pattern has been triggered. Watch for backtest of the dotted green line to initiate short position. Target calculation marked in the graph.
Stop loss is daily close above the HS neckline.
Disclaimer: Educational idea only
Bitcoin Retracement Loading - Bitcoin is currently trading at 67,100$ not even 20% down from its All-Time High but Altcoins have already retraced more than 20-30%
- I have marked 2 Important Point of Interest and it may help you guys more from a reference perspective to exactly where how much more could Bitcoin fall
- 58,000-60,000 looks like a Magnet to me
- 52,000 looks like something that can make Bitcoin's next move the biggest impulsive move ever seen
- Do not invest Blindly if you don't understand the schematics and the risk involved in Crypto Currencies
Bitcoin 15 min chartWait for the price to touch the trend lines drawn below. See how the price reacts to the trend lines, accordingly open your positions
Double Top Patten Or Poll And Flag Patten in Bitcoin What do you think? It's A Double Top Patten Or It's a Big Trap (Bitcoin)
After a Strong breakout of 27,000 Flag patterns with volume. Bitcoin easily achieved the 31,456 level in just 4 days this is a 2023 new High of bitcoin.
📢What is the next movement of Bitcoin?
As is shown in Bitcoin Chat Last Recently when the "Poll and Fleg" pattern breakout there are Two levels where the price will go...
1️⃣First Price Level 31000
the top of the poll and flag pattern
2️⃣Second Price Level 38000
According to the poll hight
So,
Bitcoin achieved 31000Level, and Now it was stuck at (31,450 to 29,530) in this whole week. As we show other Markets were going down like Indian stock, Gold, and Forex market. But in the case of Bitcoin, I thought its a "Distribution Zone"
Or
The second scenario is buyers are booking their profit. Because in the Daily chart, bitcoin was not close to any candle above the 31,000 level this show that
This is a "Double Top Patten" is making...
??? What are you think about it let me know in the Comment or Reply section!!!!
BITCOIN BULLISH STRUCTURE 1 HOUR This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 + in every trade I take.
BITCOIN USDTgoing long on support. Time frame is 15 min. Took an entry on retest with just 40 points Sl for the target of 600 points. Will keep trailing Sl using 1 min frame in case if the trend has reversal. Just a basics knowledge of Support/Resistance or Supply/Demand with any indicator that to me mastered thats all we need.
BITCOIN USDTAs per my setup 1 hour short trade is placed near the resistance post the breakdown has been done with a large candle. So my R-R is not good here if I enter right away at ay candle as trading is 90% psychology with Risk management without FOMO. I have placed a short order near the resistance area if the price reaches there for retest would be a good thing & if not I do not want to chase any trade randomly and lose more than what I should, learning lessons through my previous experience and sharing it here as my notes. SL here is 200 points & reward is 1600 points so I dont mind taking series of losses because I only prefer high probability trades. No shame in taking SL and no Pride if targets are achieved, this is a game of probability let us play it this way.
BITCOIN USDTTook an entry after a retest as this always works to enter any trade if there is a long candle after its retest so that if our SL is triggered it is always small and enough for us to be confident to enter another trade without any hesitation. The horizontal line clearly points out the supply zone as per my setup. I avoid news, other traders analysis to trade so that my mind is not covered with over analysis.
BTC INTRADAY SETUP - 30th AUG, 2021BTC INTRADAY UPDATE:
VOLATILITY EXPECTED : HIGH
EXPECTED SCENARIO:
#BTC should test our SUPPOPRT1 and a small bounce is expected at that level.
SUPPORT1 may not hold today.
BULLISH SCENARIO:
$BTC has to cross our INTRADAY FLIP line to be bullish. which is quiet difficult today.
BEARISH SCENARIO:
$BITCOIN may not hold at SUPPORT1 and we test our SUPPORT2.
SUPPORT2 should #HOLD today.
NOTE: As updated earlier, we are in a correction on 4H upto 42k zone.
BZRX USD broke OUT! BZRX showed wonders in the 2017 BULL run, many analysts are still expecting the same to happen. Lets see. Give a LIKE and FOLLOW if you agree with my idea.