What 1-hour chart says?
Fundamental Development:-
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had friends that had bought lots of crypto, and it had changed their lives — guys who didn’t make a whole lot of money but all of a sudden had a $5 million net worth in crypto,” said Novogratz:
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $23300 -$23350 ranges. BTC made low 22300 and now consolidating within a range. Yesterday it made high near $23700 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,300.
Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $22,800 level.
Btcusdlong
$BTC Daily update$BTC YES!!! $22,750 broke with good strength, currently retesting $23,713, last 4H close very bullish and daily close also good. Next resistance will be $24,129. Potential to break $23,713, continue watching given support and resistance areas.
💎BTC: Very Soon We are going to Test 32000$Hello Traders,
After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs.
its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first target i m expecting is 32k, which is last monthly candle high.
there are so many alt coins which are highly bullish on weekly frm tomorrow i will post one by one with entry and targets.
$BTC Daily update$BTC WOW $21,299 being retested right now, last fakeout resisted at $21,791. $20,812 support in effect as usual, last 4H close bullish. Today's 1D close will put bullish engulfing if closed above $21,200. 1W close with bullish pin bar, if played out $22,750 will be tested
$BTC Daily update$BTC Warned you about the $19,003 test😎, bounced right back up towards $20,338 resistance area and currently at it trying to break. $19,894 current support which could be tested now as last 4H looks bearish. 1D close of with bullish engulfing, will test $20,812 resistance👀
BULLISH UPDATE !! BTC Buy at Live Price $19790
Target $21090 (6.63% profit)
Stop Loss $19430 (2% loss)
$BTC Daily update$BTC $19,894 support tested as expected😎😂😂, Last 4H close looking bullish could move sideways above $19,894 towards $20,338 resistance. 1D close of yesterday was follow thru of the bearish engulfing from the last weekend. Continue watching given S/R areas.
$btc to 25k - Bullish case possibleStructure = Adam and Eve
RSI= Ascending and well supported
Directional Index- Positive
Sellers Exhausting - Sell pressure reducing
Confirmation- MA50 to cross MA200 for confirmation , once that confluence been developed we should see price movement towards 25k
Will $btc go 24k first and then 17K bottom formationHistorical analysis shows that , as and when we double top with low volume we fall bad
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume candle
2- Hunt all SL
3- It should not keep marching below the resistance, if it does its a clear cut short trade till 16-17K(which we call a bottom)
#3 will be invalidated - If #1 and #2 triggered. Satisfying #1,#2 means we have already bottomed
one thing is confirmed we definately going to form extension layer till 23-25k where all will become fomo and start adding positions, that should be the trigger point for sell (only and only if #3 satisfied)
Love BB
$BTC Daily update$BTC $20,812 resistance remains strong with current support at $20,338, last 1D close with bullish engulfing if played out we could see $20,812 being tested with good strength today.
BTC/USDT BUYING ZONEBTC is looks kinda bullish, Pick up some bags at our buying zone and aim for TP1 and if our luck favours we might hit TP2
$BTC Daily Update$BTC Testing $20,338 resistance area, last 4h close with bearish pin bar, current support at $19,894. Needs to close today's daily above $20,338 to avoid bearish pin on daily.
BTC DAY TRADING | TRADE#15BTC is holding above this support right now market is pretty unstable, trade carefully, hitting stoploss is most probable case so trade accordingly,
We have 2 TP in this case so use those according to your risks
DYOR
Btc More Crash Soon in 4hrs time frame we can see a Adam – Eve pattern so we can expect a retest and crash again
BTC Day Trading | Trade#13BTC long entry zone, Use stoploss mandatory
take entry carefully, market is unstable
BTC Day Trading | Trade#11Long BTC in this level its maintaining the support, thats a good buying zone, and maintain stoploss
BTC Day Trading | Trade#8This is a 30Day trading challenge in which I'm gonna perform series of trades
BTC Day Trading | Trade#6In this series we are going to trade a series of trades to see the result and at the end I'm going to share the results to stay tuned
BTC Day Trading | Trade#5In this series we are going to test our strategy on a series of trades to see the results
$BTC Daily update$BTC $20,338 support came in effect breaking $20,812, 1D close with bearish pin bar. Last 4H close with bullish doji. Expecting range of $20,338-$20,812 here for today.
$BTC Daily update$BTC #BTC Broke $21,299 with reattempt at $21,791 which resisted and held strong. 2 Attempts in last 6 days to break $21,791, 1W time-frame seems to be settling down slowly from the bearish turn. Continue watching $20,812 support which remains key for now.
