Btc!
BTC Bearish Pennant ?After a Sudden Drop due to several FUD, BTC is Consolidating under a major trend line and forming a Pennant.
M pattern already formed.
considering that .. Will it be a Bearish Pennant. or BTC will Bounce back ..
BTC will decide its path soon..
Let's wait for a clear breakout.
DYOR.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (41034.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 44375.30
TP2= @ 45791.61
TP3= @ 49369.49
TP4= @ 51787.31
TP5= @ 55720.27
SL= Break below S2
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Bitcoin Enters Consolidation Phase (Short-Term 4H TA)We have a bearish bias developing once more short-term.
We have a strong rejection at the ~$45.5K resistance level on 10-Feb.
What follows is a lower high and a break below EMA10.
EMA50 is now being challenged as support and very likely to break.
If the resistance continues to hold, we will see Bitcoin next move to around $40,000 followed by $38K.
You can find additional support levels on the chart.
Namaste.
Bitcoin may form a ascending triangle. Here I am sharing my view on BTCUSDTPERP
Time frame 4hrs
bulls tried to take the price to their side though we can see double top formation around 45521, and price went to retest the previous resistance which is now a support (i.e 4200).
A successful bounce was seen from that zone to 4400. 4400 is a resistance zone which is above the neckline of previous double top pattern, so there are higher possibility of a breakout in upward direction.
if it breaks out we can see BTC around 45400.
Also, I can see a formation of ascending triangle, which means we can see BTC in the range of that triangle.
if the triangle forms nicely we can see stop loss hunt and fadeouts at the near end of the triangle before the real breakout or breakdown.
hope you liked my analysis please give your comments and let me know where I sound wrong to you.
Bitcoin might drop back to 40k SMC Hi traders, Here's my view on $BTC
Bitcoin is approaching an unmitigated OB and last imbalance, this imbalance is common on 30m & 1h, (44560) and on 15 m chart, another imbalance is there which might retrace till 50% of the 1h OB ()
For entry avoid getting in at 44560 , let it grab liquidity first and short on the mitigation of the levels
SL above OB & start trailing once imbalance () is filled
DYOR, I'm new to SAMC Concepts 😎
BTC/JPY - weekly Analytics + Altcoins 14.02.2022With high probability there will be a false-break from the level of 4957000 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 5000000 will confirm this idea.
Further we will monitor the situation as there will be a probability of local pullbacks (which will not change the growing trend)
Altcoins:
Among altcoins, we single out ETHEREUM and TRX as the most promising projects, which can grow by times.
BTC/USD - weekly Analytics + Altcoins 14.02.2022With high probability there will be a false-break from the level of 42700 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 43000 will confirm this idea.
Further we will monitor the situation as there will be a probability of local pullbacks (which will not change the growing trend)
Altcoins:
Among altcoins, we single out ETHEREUM and TRX as the most promising projects, which can grow by times.
Bitcoin vs Cardano, Ethereum, Solana, SPX, NDX & DJI + Altcoins I've been looking at the major US indexes (SPX, DJI & NDX), as well as some of the TOP Altcoins within the cryptocurrency market (Ethereum, Cardano, Solana, Polkador), they are all bearish right now on the major/weekly timeframe.
This week we saw mentions in the "news" about Bitcoin and the S&P 500 Index detaching... Sounds fishy.
Maybe detach over the weekend so we get a surprise dump on Monday...
We have a strong downtrend with Bitcoin since November 10 and we were expecting a bounce and the bounce took place.
Bitcoin set the low at $32,950 and bounced to $45,850, that's 39%, really strong.
This same level where we are seeing a rejection now matches EMA50 and EMA10 (around $44/$45,000).
The weekly candle hasn't close though, it closes in 6 hours from now but the bears are getting the upper hand on this chart.
There is some potential to see the Altcoins growing, the smaller ones, while Bitcoin and the major ones correct but, there is always an initial strong reaction if the big ones drop where everything drops... We just wait, it recovers in a few days.
Stay calm.
Keep a calm mind.
As spring comes (March) everything moves ahead (UP/GREEN!).
Thank you for reading.
Hit LIKE to show your support.
Namaste.