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Btcusdshort

Inverted Cup and Handle Pattern: A Bearish Technical sign......What is an ‘inverted cup and handle’? An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle. If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted cup and handle is the opposite of the regular cup and handle. Instead of a ‘u’ shape, it forms an ‘n’ shape, with the handle bending slightly upwards on the chart.
Short
by cryptocult-OMC
Bitcoins Next Move????? I’m going to tell you!!!Lets look at all the facts of BTC regarding TA. On the monthly chart– We have had a evening star formation. This is a Reversal pattern. Weekly chart – We are in a weekly sell range and Btc is making Lower lows and Lower highs. Currently in a down trend. Daily – We are in daily sell range. BTC is bearish for the time being. We have liquidity squeezing inside the daily sell range. We also have a lot of liquidity below $30k. I would prefer a price to push down past $30k to fill the weekly Imbalance around $20k, This would leave the weekly gap slip and imbalance above for future price action to target, which will break all time highs. If we push up out from $30-$35K to $45k-$55k, There is a higher probability chance we are going to create a lower high to make a bigger move down to $20-$15k. This will create a longer bear market. If we push down now, this will create a lot of fear in the market, this fill Imbalances and I think we will have stronger push up later in the year. We need a weekly close above $60k to remain bullish . Weekly candle finishes this tomorrow. A move will be coming in the next week, Fundamentally BTC is going nowhere. If you are long term holder, Keep dollar cost averaging on the way down and hold. If you are short term holder, I would take some profits around the $45k-$55k mark if we push up from this area first.
COINBASE:BTCUSDShort
by Jake-from-the-trading-Cartel
1
BTC/USDT Price prediction on daily chart.BTC has emerged to be the Alpha of crypto market industry. After making higher high, BTC is unable to sustain $60,000 level. This level has been tested multiple time and it seems to be that the momentum in the market is getting low. On daily time BTC is sustaining above 200 ma but it has failed to break the highs and according to price action pattern we can observe a formation of RISING WEDGE PATTERN. Rising wedge pattern is a REVERSAL PATETRN which indicates a potential reversal from the high zone & a shift in volume from buying to selling. Also looks at the MACD indicator that helps you to identify divergence between the price and momentum indicates that there divergence happening and we can possible see some bearish movement in coming days. Our first target is 52000-52500. Trade safe. Look for some news while entering.
Short
by Trademint08
2
Battle between 54k and 61k who will win? BTCUSD expected movesBitcoin The battle between 54k and 60k was a recent trend in bitcoin as we can see that the bear unable to break the 54k firmly and the bull was unable to break the 60k firmly and since March 14 BTCUSD was trading within this range. And waiting for further fundamental support further upside movement. Today its bounced again from 54K level and braked the price arc. Bullish engulfing formation is a another support here.While writing this analysis the price was around 56k and on top side 60k will act as decent resistance for the bull as its a major key psychological level where both the buyers and sellers will fight to win.Recently the private companies were started to invest in Bitcoins and in stable coins so BTCUSD will remain in bullish trend The ichimoku cloud is still in red zone territory and the cloud band was diminishing and it might turn green soon.Buy at current level and the topside target would be 62k
BITSTAMP:BTCUSDLong
by forexorbit