Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes Abstract: Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points....
💎BTC is currently exhibiting signs of an inverse head and shoulders pattern, with the right shoulder consolidating for a longer duration. This prolonged consolidation increases the likelihood of a bullish outcome, as selling tends to occur rapidly while bullish movements take time to develop. Moreover, the price has already surpassed the previous resistance level...
CRYPTOCAP:BTC #BTC Precisely predicted $43,145 support test, bearish engulfing on 1D and 4H from Sat played out as expected. Currently struggling to gain string support at $43,145. RSI on 4h and 1d looks fine. $43,868-$44,174 resistance area to watch for breakout, $42,070 next key support
Now btc is making a higher high from 20k to 44k and next to 50k see the chart of btc is following a range brakout then fo to +1k and again make a range and then go up for +1.5k and so on...........keep follow me to update ........
here is the btc where btc form a rising wedge pattern as you can see here.. and trade this patterns which is followed by btc.....
Bitcoin will reverse from the following zone above. There is an FVG in that zone, which needs to be filled by BTC. Let's see
CRYPTOCAP:BTC Still Moving Above the Major Trendline & inside the Wedge..!! Expect a Volatile Week ahead with the #FOMC and #CPI data Releases. #Crypto #Bitcoin #BTC #community
I will keep it simple. BTC hit the tripple bottom on 30 Min chart. Play long... Wait for trend reversal confirmation in lower time frame before entering long.
CRYPTOCAP:BTC #BTC Testing HKEX:31 ,010 resistance area, HKEX:30 ,623 support yet to be tested. Bullish engulfing on last 1D close, expecting a follow up today. If breaks HKEX:31 ,010 expect resistance at HKEX:31 ,372- HKEX:31 ,611.
CRYPTOCAP:BTC #BTC Testing HKEX:30 ,282, back on HKEX:30 ,002 support. HKEX:30 ,623 required as support to avoid fakeout. HKEX:30 ,623 key resistance to watch.
CRYPTOCAP:BTC #BTC testing HKEX:30 ,002 support, HKEX:30 ,282 resisting. HKEX:30 ,623 resisted with a wick on last attempt. Last 4H close looks fine but current 4H is not looking good as of now, if fails to hold current support expect HKEX:29 ,742 support to come in effect.
BTC is Long in High Time Frame but in 4h or 1Day it was in Distribution Zone Accounting to me BTC will Take a Retest of Down Down and Hunt the Stoploss After that it Makes a New High for this year... So, Wait for the Retest and after that Wait for the Confirmation Candle Than Enter the Trade …
$BTC #BTC Testing $28,590 resistance with a wick tapping $28,781, support at $28,781 required to avoid fakeout and test $29,199. Last 4H close looks good, $28,298 support to be tested yet
$BTC #BTC Resistance in effect, Current support $27,478. 1D closed fine yesterday. Must regain $28,298 to continue climb and reattempt at $28,590-$28,781. Watch Given S/R
$BTC #BTC $27,994 support in effect, $28,298 resistance in effect, as expected lost $28,298 support turned resistance. 1D closed with bearish pin bar failing to follow thru on bullish engulfing from Wednesday.
$BTC #BTC Back above $27,994, current support at $28,298-$28,590. Testing $28,590 support. Fakeout on 4H with wick tapping $29,199 resistance. Last 4H close bearish watch $28,298 support. 1D closed good. $28,781 support needed to reattempt $29,199
$BTC #BTC $27,478 resisting as expected, Current support at $26,963. Last 1D closed looks fine, avoided following up bearish engulfing. Must regain $27,994 support to resume the climb. Continue watching given S/R
$BTC #BTC Struggling to regain $27,994 support. 1D closed bullish, $27,478 support in effect. If followed up last 1D close expect $28,298 test.