Bitcoin, whats next?Read the chart, shows 2 paths...
Dont get Shaken Out. This is a generational bottom in the making.
Btc-bitcoin
BTC movement in continuation to update dated 21 Sep 2021
Time frame- 4H
Exchange- Binance
Coin- BTCUSDTPERP
Chart includes the following Indicators
1. My own Custom Indicator - " Raptor Super Indicator "
As per the above indicator composition:
The current price level is already below EMA-13, EMA-21 & EMA-200 => Highly Bearish
The current Parabolic Support and Resistance levels shows downward movement => Bearish
2. Yellow thick trendlines shows a breakout from the downtrend of yesterday, now moving sideways in a range bound manner as depicted in a Rectangular region. => still bearish as in downtrend movement.
3. Gann Fan Indicator Support area in which the current candles lies - at support of (line 8/1)
=> In negtive zone(bearish), if it's price breaks this Gann Fan support Line price along the move, then BTC will enter in a Highly Bearish zone that is below line 8/1 and can further go down till the price Support level S2- $36192 as shown in the chart by PIVOT indicator (Horizontal Support and Resistance Lines)
4. Fibonacci Retracement Indicator: The last Price support level - $ 37291. The current movement shows that the Bitcoin price might come to this level, if not may be retraces back upward from - $ 37500.
My overall Technical Analysis says highly bearish , I may be wrong, but it may have a chance to go upward from current Gann support line otherwise doom is here tonight. We know the expected scenarios, now just have to be safe in this dump if it comes.
Not a financial advice. Do your own research before investing . Do not trust me as the username says.
Cheers and Happy Trading Fellas....
BTC movement after Dump in continuation to previous updateThis time I have made some trend lines over it's movement and it's looking to breakout the channel in which it went down.
Bitcoin - ready for rebound - part 3 - Correction not yet over!As per the chart, looking for a reversal from these levels to test recent lows.
BTC Short term view BTC is currently in a descending triangle after a bull run, it's repeating.
Yeah pretty self explanatory, idk about anything tho so take it with a grain of salt. Consider it an educational post about chart patterns maybe
BTC Update. See related link.After the recent PA, 2 of these 3 scenarios are now cancelled out. Only one remains.
This has a high probability for me, will pay attention to its progress, with clear invalidation
Keep your eyes open.
If it plays out, we should bottom in the last week of Sept.
BTC/USDT trend prediction This prediction has been made in view of trend, market volumes, funding rates as well support resistance levels.
#BTC/USDT Chart Alert!!!#BTCUSDT Chart
Guys #BTC is forming "Head & Shoulder Pattern" in 4hr Time-Frame, if it gets played than BTC will come down.
But its not compulsory that it will play that pattern because if it is real Bull-Run than it will not play. But at this point I will personally not trade..
Bitcoin: ABC WavesFriends:
Post here a study on the natural correction that BTC may undergo.
I am not saying here that it will happen this way. But I am expounding Elliot's theories about the ABC correction waves.
I hope I helped in some way.
Leave your like please and comment your opinion!
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⚠️Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
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💡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
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BTC Bull Or Bear The important Levels are here 48-49k is a super strong resistance and the 45-44k is a strong resistance also btc forming a massive rising wedge its a bearish sign so be careful in this zones if daily candle can give a close above the 49k then we can continue the bull run. btc is struggling to break the resistance if once again failed to break above bears will take control
BTCUSDT ShortBTCUSDT Short
Risk/Reward: 1:3
Give a Like and Feel free to share your opinions in the comment!
Happy Trading 😊
BTCUSDT ShortBTC is just 2x away for $100k target and ETH 3x to $10k.
BTCUSDT Short
Risk/Reward: 1:4
Feel free to share your opinions in the comment!
Thanks
BTCUSD : Looking for short opportunity!BTCUSD is looking for short opportunity for the move to the downside & has formed ascending channel on 4h timeframe which has the bull trap along with for the continuation to the downside
BTC USDT AnalysisBTC Follows the trendline along with now its in retracement
36000 is FIb Level So May be it may go up if we got any reversal candle in 36000 and support level is also the same
BTC levels 30K is a crucial level for BTC. A close below that can lead to 28k levels which are the major major levels. Below that can be a start of a proper bear trend.
ETH LOOKS WEAKETH LOOKS WEAK, WITH HEAD AND SHOULDER FORMATION
although there is a very slim percentage of hns working out but we cant negate the formation,
trade with small sl
