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Btcusdlong

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
by CryptoTraderBB
What 1-hour chart says? Fundamental Development:- 'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has done a bad thing, we are brutal and unrelentingly hard.”He also hit back at the rhetoric of certain crypto market participants who have criticized the regulator for not being friendly enough to crypto, and instead questioned the legitimacy of the market, saying:. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,800-$21,100 ranges.BTC is made low 19,700 and now consolidating within a range. Yesterday it made high near $21,200 and then it continue to decline from 200 simple moving averages. Bitcoin is struggling to gain momentum above $21,300. Alternative Scenario: If Bitcoin fails to clear the $21,300 resistance zone, it could start another decline. An immediate support on the downside is near the $19,700 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- China warns Bitcoin is heading to zero but BoE looks on the bright side The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto. The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.. Short Term Technical View:- Bitcoin is trading below 200& 50 simple moving average. The price is now above the $20,000 level. Bitcoin price failed to gain pace above $21,500 and corrected gains. However, the bulls were active above the $20,000 and $19,300 support levels. An immediate resistance on the upside is near the $21,550 level.. Alternative Scenario: If Bitcoin fails to clear the $21,550 resistance zone, it could start another decline. An immediate support on the downside is near the $19,level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Central Bank of Jamaica Warns About Bitcoin and Defends Its CBDC crypto winter that has evaporated most of the value of cryptocurrencies, central banks and governments from almost all over the world that have CBDCs or work on the development of state digital currency projects, are warning about the risks of using and investing in private virtual money. The Central Bank of Jamaica (BOJ) has joined that choir led by the International Monetary Fund (IMF), which seeks to discourage the trade of cryptocurrencies and other digital assets among its population. Instead, issuers are encouraging the use of central bank digital currencies, which they see as safer and more secure. The governor of the financial entity, Richard Byles, warned Jamaicans about the volatility of the price of Bitcoin (BTC) and other cryptocurrencies during the Jamaican Diaspora Conference held last week, where the issue of digital assets was addressed. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,000-$20,000 ranges. BTC is made low 20,233 and now consolidating within a range. Yesterday it made high near $20,693 and then it continue to declin from 200 simple moving averages. Bitcoin is struggling to gain momentum above $21,700. Alternative Scenario: If Bitcoin fails to clear the $21,700 resistance zone, it could start another decline. An immediate support on the downside is near the $18,000 level.
BINANCE:BTCUSD
by eva236220
BTCUSDT pullback(exhaustion) or beginning of an uptrend with ATHReasons to short BTCUSDT --> 1) Downtrend's pullback, build up of bearish flag pattern 2) Multiple resistance to clear 3) bounce from resistance with no clear signs of follow up buying Reasons to long BTCUSDT --> 1) Price showed bounce from support with morning star doji in 4H timeframe if you are willing to short wait for confirmations like: --> candle close below support + bearish candlestick patterns + follow up selling if you are willing to long wait for: --> candle closing above black trendline with multiple confirmations take profits are in the chart for both positions (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala
What 1-hour chart says? Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,000-$20,200 ranges.BTC is made low 20,180 and now consolidating within a range. Yesterday it made high near $22,950 and then it continue to decline. Bitcoin is struggling to gain momentum above $21,000 Alternative Scenario: If Bitcoin fails to clear the $21,000 resistance zone, it could start another decline. An immediate support on the downside is near the $20,200 level.
BINANCE:BTCUSD
by eva236220