It appears Btc / Bitcoin has broken down from the triangle formed on the daily and is currently retesting from it. invalidation will be- clear break of 53.3k resistance.
Investor sentiment has reached a new level of pessimism after a serious drawdown of bitcoin quotes, which indicates a potential low and reversal to growth. At the moment, the first impulse upward movement was formed and correction to this movement is outlined, which increases the chances for medium-term growth from the current levels.
We single out TRON and TFUEL...
Let me start by saying that we've never had this type of monthly chart on the Bitcoin (BTCUSD) trading pair.
In the past, each time an All-Time High was hit it would always, without exception, be followed by a long-term correction before prices continue to grow.
This time around, we hit a new All-Time High in April 2021 and after only a few months a new All-Time...
Bitcoin is moving below EMA100 on bearish momentum for the first time since May.
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When Bitcoin moved and closed below EMA100 in May, we had the strongest correction of the year.
Now, Bitcoin going below EMA100 can signal that something similar can show up.
We have bearish indicators.
The MACD is below zero...
NO ONE CAN GO PARABOLIC, NEITHER ELON MUSK NOR BITCOIN BIG DADDY CAN GO UP WITHOUT HAVING A STRONG LEG DOWN - PERIOD.
BTC GONNA CRASH @ 70K / SUPPORT @ 21W EMA / 50K TO 52K / SHORT @ 70k
REASONS / INDIAN ELITE BTC SNIPER v4.0 / IN MY HUMBLE OPINION
1. BULLISH TREND - RISING WEDGE PATTERN indicating TREND REVERSAL in the mid term (as the same MAY 2021...
Here 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...
This crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further.
It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised.
Risk Reward Ratio - 2:1
SL placed below major support and below trendline.
Target is placed at twice the stoploss.
Important levels in Bitcoin at the moment.
Price breaking out of the green diagonal trend line would be very bullish for alts in the short term.
Upper yellow line at ~$64,000 is the big resistance.
A break and close below $55,000 is when things start to look a little dangerous.
Hey everyone,
I think the Bitcoin down might not end more than a week. Bitcoin has been perfectly respecting the Fibonacci Channel levels. The previous trend reversal was at the 2.618 Fibonacci Circle. It is about to enter the golden zone of the Fibonacci retracement, which is a possible area for trend reversal too.
The news from India about private crypto ban...
Potential BTC scenario. Just broke out of a rising wedge , might retest and continue lower to 53k possible target which is the fib 0.382 level from the may crash to the ATH ; confluence with the bottom of the rising wedge . Look for bearish divergences as the prices reaches the local POC and golden pocket.
Hello 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...
Bitcoin price is primed for a downswing into the buy zone (62% Retracement level @ ), where I will open a long position and expect to take profits around $53,391.
Bitcoin made a Crash to 42k on Last Saturday(4 Dec) below 48k by breaking 200 EMA Support Zone and pulled back to 48k zone quickly ! This story is known but what will be the next move of Bitcoin after this crash ? Many short term holders made a exit in this crash because of the US Debt Ceiling + Chinese Evergrande fuds and...
