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BTC/USDT Crossroads:Short Term Bearish Signals & What Lies Ahead💎 Paradisers, let's dive into BTC/USDT. The asset has recently slipped below its supportive trendline and is currently hovering near the demand zone of 25,792 on the weekly chart. My anticipation is that we might witness some stabilization in this region for a few days or perhaps a week before the price determines its subsequent trajectory. Presently, the scales tip towards a bearish sentiment, primarily due to the bearish divergence spotted on the RSI, signaling a potential trend reversal. Yet, it's essential to stay attuned to the price action. 💎 If BTC/USDT plunges past the 24,214 demand threshold, we might be steering towards the subsequent demand zone at 21,753. Intriguingly, this aligns with the Fibonacci's 0.618 level, often dubbed the 'golden zone'. Any bullish signs here could suggest a potential uptrend. However, if this zone crumbles, our sights are set on the 16,603 mark, a formidable demand zone and an optimal juncture for long-term accumulation. 💎The market might exhibit a lateral movement, potentially shaking out the less tenacious traders. Given the room for further decline in both the RSI and price, Stay vigilant and keep soaring, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
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BLong
by deorx33
#BTC 🟢 M15 Buy (Bitcoin). ImbalanceI planned to open buy positions near the lower border of the H1 range (30K). But since the imbalance formed a reversal pattern, he took advantage of the situation offered by the market. By the way, at the moment a short situation is brewing in the market. The price was below the market opening. (✔️) The price was below the level of the First Buyer of exchange options. (✔️) The price was at the lower boundary of the H1 range. (✔️) M15 imbalance. (✔️) Second target above H1 range (⚠️) input: 30435 (input on imbalance test) stop: 30175 tp-1: 30697 tp-2: 31221
BITSTAMP:BTCUSDLong
by TrEKone
#BTC 🔴 H1 SHORT (BITCOIN) Possibly W1 PPR ⬇️Interesting developments in Bitcoin. It seems that they tried to break through 31k several times, but at the same time, the 30k resistance worked out many times. But the last powerful impulse on the background of FUD took out the stops of all the longists, who stubbornly gained their positions in the LONG for a long time. We have been moving in the H1 range for a whole week, and most likely, the last downward impulse predetermined the current situation in BTC. At the D1 resistance, and the upper limit of the H1 range, a Double Top has formed, a Global Imbalance Level, which the price has already tested. And this gives an excellent signal to open a sell position. A retest of the imbalance is still possible, after which, with a high probability, we will go into the long-awaited correction, to the lower border of the H1 range (29982) and up to the previous Impulse Level (28737) p.s. In addition, on W1 we have a hint of the formation of a Bearish PPR, the implementation of which will definitely send the price to the level of 28.8-28.6K. p.p.s. In addition, the current Bitcoin Futures Contract on the Chicago Exchange expires on 07/01/2023. Accordingly, there should be significant volatility in the market. input: 30605 (on unbalance retest) stop: 31227 tp-1: 29982 tp-2: 28737 BITCOIN
BITSTAMP:BTCUSDShort
by TrEKone
BITCOIN (BTC) analysis by Elliott Wave theory on monthly basisSince 2017 starting point of BTC, it have Ist wave in triangle pattern (means mostly if 1 wave have triangle pattern then 3nd wave is longest which have completed in BTC & hit 3.618% of Fibonacci ratio. 4 wave taken more time consumed & 5th wave also complted as per elliott wave. then big correction has also done (a,b,c in form). hence total 08 wave have complted of elliott wave. Note: Now new Impluse wave has started. if anyone buying BTC can this level this is only education purpose. BITCOIN (BTC) analysis by Elliott Wave theory on monthly basis. Triangle pattern Triangle pattern 3.618% (64K) touched, fibonacci ratio point exactly Corrective wave also completed through Elongated pattern TARGET: Future target but take time (But it can in form of Impulse wave or in other wave. but this is right time to buy BTC
Long
by pnjakh1984
BTC long opportunity. Targets 31.4kAs we can see BTC has formed a hammer candle on a retest zone, We might hit a new higher high. If that happens we can surely lookout for long opportunity on next retest near 30460 or if it forms any bullish retest signal above that which will probably give the targets of 31432 & 32000. Let's see & wee. Why? Strong hammer on 78.60% fib. We already have a breakout from a long & strong consolidation from 27.7k to 28.8k. What can go wrong? Wait for a new high. It is also possible to have a double top or head & shoulder near recent high level or before that.
Long
by Doinel33