BTC-D
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update
Current Status: Near Parallel Channel Resistance
Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection.
Anticipated Reversal Scenario:
If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached.
Key Levels to Watch:
Support Levels: $37,500 / $32,000
Resistance Level: $41,000
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LAI/USDT: This is 20x Potential in Bull Market but Why ?LAYERAI/USDT Technical and Fundamental Analysis:
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Technical and Fundamental Analysis: Strong
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Breaking Resistance Levels
Best Accumulation Zone: $0.008-$0.009
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Accumulate Smartly: Start accumulating in the best zone of $0.008-$0.009.
Risk Management: Invest a small fund due to the critical role of risk-reward in cryptocurrency.
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Bitcoin Weekly Chart Analysis: Navigating the Bearish LandscapeBitcoin Weekly Analysis: Navigating Market Dynamics
Overview:
Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge.
Bearish Sentiment:
Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market sentiment.
Rising Wedge Resistance: The cryptocurrency faces resistance at $38,500, aligning with the upper boundary of the bearish rising wedge.
Potential Scenarios:
Confirmation at $38,500:
High probability of a downward trend.
Potential Liquidation Wick at $46,000:
A strategic level for liquidating high-leverage positions.
Support & Resistance:
Support Zone: $29,000-$30,000 within the rising wedge.
Resistance Levels: $38,000 and $46,000.
Key Considerations:
Caution Advised:
Exercise prudence and conduct thorough research before making any trading decisions.
Bitcoin Chart Update 4H Timeframe#Bitcoin Technical Analysis
Current Price: $37,150
#BTC exhibited resilience, rebounding off $35,500 support, now approaching resistance at $38,800.
Support: $36,000.
Critical Juncture: break below $36,000 may pave the way for a retest of $30,000.
Stay vigilant within this range Parallel channel.
Bitcoin 100,000 trend channelBitcoin's 100,000 trend trend channel, the main target is to reach more than 100,000 US dollars, the green is the rising channel, the blue line is the first target price, the red line is the ultimate target price, the white is the market trend, divided into one, two and three Four or five waves, one wave breaks through, three waves soar, and five waves reach the top. Each wave includes the ABC trend. The above points constitute the conditions leading to $100,000. The bull market has begun.
$BTC | 1H: Today Plan:Looking for long on BINANCE:BTCUSDT now. We experienced a dip yesterday and $35,500 Buy wall has been filled. Bulls are gaining momentum, indicating a potential shift towards a bullish trend. Expecting pump towards 37k again. GL!
Previous day:
VAH: $36776
POC: $36411
VAL : $35560
Date: 15 Nov 2023
$BTC | 1H: Today Plan:Buyers actively bidding on every dip in BINANCE:BTCUSDT . This suggests that there is a strong demand for Bitcoin at the moment. Therefore, it is possible that we could see a more short squeeze before the price potentially drops to around 34k. Let's see!
Previous day:
VAH: $35348
POC: $34923
VAL : $34546
Date: 8 Nov 2023