Bitcoin big picture top down analysis.. you can check the weekly in my profile, right now I am expecting it to hit 23k level before dropping down to 10k.. overall it's bearish and my poi for shorting is at 23k level though the extreme level it might hit is 28k but the bearish momentum is high so it's least likely to hit that level.
$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.
In this series we are going to trade series of trades and see the win-rate for this particular strategy
$BTC #BTC Bullish engulfing on 1D played out with climb to $21,299 and the same remains in effect as resistance. Built good support above $20,812 and holding, needs to break $21,299 or high chance of breaking the support. Weekend feels bearish currently. Stop looking and enjoy the weekend
$BTC Back at it testing $20,812 resistance. $19,894 held well, no retest of $19,535 yet. 1D close and 4H not looking good still counting on $19,535 retest and probably $19.003 too. Continue watching given support and resistance areas.
$BTC Broke $20,812 resistance yesterday as expected, $21,791 resistance held strong during the climb. $19,894 support to be tested in few hours, last 1h close with shooting star and 1D with bearish pin bar. Watch $19,535 support👀
$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
Last Friday Warned you about the possible drop that happened Saturday, $BTC Tested and broke $19,535 last Saturday, Given key support $17,999 tested and held. $20,812 resistance in effect with support at $19,535 currently. Last 1D close with bullish engulfing and 4H close with bearish engulfing expecting it to range $20,812-$19,003 today.
Fundamental Development:- Stable coins highlight ‘structural fragilities’ of crypto — Federal Reserve The Federal Reserve’s board of governors pointed to stable coins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of governors of the Federal Reserve System said “the collapse...
$BTC Continues to range between given range, last 4h close not looking good with bearish pin bar, yesterday's 1d close with bearish engulfing if played out we can see $19,535 test shortly, currently moving in oversold region $20,812 resisting. Watch given support
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$BTC Given $19,894 support held, $19,894-$19,535 support area remains in effect here. $23,197 acting initial resistance as expected. Possible sideways range forming $19,894-$23,197. $21,299 current support. Gave your $19,894-$19,535 support area to watch over a month ago on May 10th😎.
Fundamental Development:- Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider Lunar Crush has revealed spam in the cryptographer has increased by an astonishing 3,894%. The firm has been collecting crypto-specific...
Fundamental Development: Cardano (ADA) leads by a wide margin in a Twitter poll by the crypto community on May 18, 2022, getting 82% of votes over three other altcoins.A Twitter user with 26.7k followers ran a poll requesting people to vote for the coin they believe will remain until 2030. Along with ADA, they listed Solana (SOL), Avalanche (AVAX), and Algorand...
Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the...
BTCUSD shorted //Study Purpose Only// Bule Line Entry Point Red Line SL Green Line Target
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rising wedge pattern formed 30min brokedown price action now or retracement