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.
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.
we have getting a good short Hello guya i had find this trade setup 4h timeframe which made double top in 4h and broken trendline we are getting a good opportunity to short with above sl and tg at near support and plzz do our won analysis before taking any position if you like my analysis plzz like share and follow thank you
We may see a further downfall for Bitcoin.The previous support which was about $43400 has been broken. However, BTC tried to retrace but failed. The next support for BTC is at $28800. If I'm not wrong we will see it soon. Hope this to be one last hit before BTC moves back to $43400, and break it as well in uptrend.
BTC aheadThe EMA 20 has become a resistance line, and there is no breakout yet. If it follows the channel, it should go upto 40-41k before falling to 31k
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first short side trade till current harmonic patters PRZ level. and ones you get reversal from that PRZ one can long from that level with stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.