Bitcoin HazardThis looks a bit scary on the technical basis as you can clearly see an Double Bottom Pattern and that also on a Monthly timeframe so. Moreover you can see The Hilega Milega Indicator is also very bearish as its showing a bearish divergence which is really scary. It is slightly tense to look at the chart of BTC. However we have to see whether the price will follow its history or the Whales will beat the price action and take it to 1 million dollars till 2030 as per the ARK Survey.
Btc-bitcoin
Bitcoin: Maybe? (Updated and Still Validated)In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals).
It's just a pattern, I hope this analysis be right for all who own btc usd.
"When touches white line, time to buy".
NOTE THE SIMILARITY!
This is an updated chart I published 29/12/21 (see link to related ideas).
BTC rejectionIn my opinion it looks like BTC got a clear rejection from all the upper band of the channel. Maybe that we could go down again in the meantime?
Zooming in we're clearly seeing that we got a rejection with the candle wick. Zooming in on the 15m en 1h we're seeing that a kind of rising wedge might be forming which could signal some more downward movement. In the immediate short term, but only if it breaks down. We got to keep in mind, we're still bearish on the higher tf's.
BTCUSD Trading Plan - 7/Dec/2021Hello Traders,
Hope you all are doing good!!
I expect BTC to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Dump is over for BTCUSDTHere you can see that there was a rising wedge pattern on daily time frame for BTCUSDT which broke down nicely and currently is at support line. This is time to buy. There is falling wedge pattern on daily time frame which is yet to break out. So, trade accordingly. I think it is a bullish divergence.
You can see why my analysis is so accurate by analyzing RSI lines and top prices. When RSI was falling, price was making higher high and that was the indicator of the bearish divergence. It gave nearly 36% short position move for us!
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