On Monthly timeframe of near ,we can see it has retraced all the way to last year June July levels ..if previous year pattern has to be followed near should bounce off from here to tp atleast 7-7.5$ by the end of next month..as for btc monthly closing above 22.8k would be bullish for it and further rally for 28-30k area would be expected in August month..and there...
BTC is going to have some boring time Price will Range for another 12 months till then no Moonshot Ranging Only
BTC going for test Again Recently Support 21450$ So Now You Guys Open For Short Position
Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days....
$BTC $23,713 tested and broke as expected yesterday, Currently providing a support. $24,129 acting resistance as of now, Last 4H close bullish, current 4H close determine the direction. On 1D chart yesterday close was a perfect follow up for the bullish engulfing from 27th.
It has been observed that BTC normally correct somewhere around 75 to 85% from its resent high on a monthly time frame. Thus it is good time to build the opportunity.
Chart Shows 4HR Timeframe BTC at Major Support if resists at this level can bounce back to 29-30K Zone
At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea. Altcoins: Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations...
Looks like #bitcoin $BTC wanna breakout to 23400. I usually comment on ideas as it goes. So keep watching comments! Happy weekend!
Here in this chart I used fibonacci tool to find a good entry, also I am keeping mind the green line (1 hour 20 ma) as a good entry point. if btc break downs the red line, the next support will be the white lines below.
ETHBTC: ETH Bullish than BTC? #ethbtc #eth #btc #bitcoin #crypto
#BTC has multiple supports at around 22500. 1. Ichimoku clound on daily TF 2. 50 DMA on daily TF 3. Trendline support 4. Horizontal line support Breaching 22500 on daily TF will open the floodgates on the downside. Till then this level can be safely considered to be SL for long position.
My long target remains in 30s, but first , a gifted pull back for buying.
Fundamental Development:- Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had...
$BTC $22,379 support came in effect yesterday which held good, possible retest expected soon. Last 1D close with very bullish pin bar, it could hold $22,379 support today if retested. $23,197 initial resistance, $23,713 will resist good. Continue watching S/R areas
Buy #BTC @ 20600 ( in 3 steps 1 now + 2 @ 19500 & 3 @ 19000 With SL of 18500 TGT 24000 & 25000
Hello Traders, After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs. its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first...
At the moment, the price consolidation is fully formed by the current impulse breakdown, the false breakdowns at its lower boundary indicates that the big players were actively buying bitcoin at an average price of 2780000, this indirectly indicates an incipient long-term rising trend, an excellent confirmation of this idea will be the price climbing to the area...