BTC Short ideaBTC broke down from the channnel and completed bearish retest. OBV looks rekt. Expect a big down ward move.
BTCUSDT
BTC possible long opportunity like and share maybe a possible long opportunity for a long position here all info in the chart thanks SCOPES
BTC UPDATE#BTC UPDATE 3 :
In 1W TF Remember properly i discussed this market cycle, According to stan Weinstein Theory that for an actual mark of phase first we need a proper capitulation phase we are expecting further capitulation phase or range bound mark of phase and then actually move makes a lot of sence.
Let's not be Bullish for BTC - WITH SUPPORT LEVELSDon't Panic II It's just the Recession 2022.
BTC is starting to go bearish from very first week of next month or anytime soon.
Hope you clear all your positions & be patient.
Wait for BTC to make it bottom and make an Entry.
Grab your Golden Opportunity.
Let's not be Bullish for BTC - SHORT
BTC is starting to go bearish from very first week of ne.X.t month or anytime soon.
Don't Panic II It's just the R.ecession 2022.
Hope you clear all your positions & be .P.atient.
Once we break $10K, #BTC is confirmed to stay bearish for 10-15 Years even after the recession ends.
I'll not recommend to buy #BTC at dips not even at $1000
Even if #BTC goes up after recession it will be just dead cat bounce so if u buy #btc don't HODL
If u want to make short term profits than it's fine, but I'll still not recommend to do that.
Bitcoin "Multi Pattern" AnalysisThe above chart of Bitcoin laid out an ascending channel pattern. Ascending channel also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend .
Currently, Bitcoin ( BTC ) is in the range of $24515. If the pattern continues, the price of BTC might reach the resistance levels of $32119.If the trend reverses, then the price of BTC may fall to $18988
Comment your direction Probability 1 or Probability 2 ?
BTC USDT Price is currently facing Resistance around the 25K$ , and sliding back down towards local support around 24.5K, If this support breaksdown we see the major support come into play which is 22K-22.5K REGION.
Short term analysis.
BTC/USD - Weekly OverviewThe past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls
However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum alongside. On the moving averages. MA-20 is providing strong support while residing at around $23.9K. Any breakdown below it can result in bears coming back into the scenario
The RSI level is also maintaining strong sustainability above 50 but is being regularly tested. For further emphasis, we have used DMI which reflects upon the prevailing sentiment. A positive crossover of ADX against +DI is witnessed on the chart which suggests -DI has some room to increase the negative sentiment.
Overall, BTC is currently being traded at a critical level wherein it needs to find sustainability and positive sentiment to carry forward the bullish momentum built over the past month. The resistance levels can be placed at $25K and $27K. Whereas, support levels can be placed around $23K and $21K.
BTC long scalpingBTC had enough dump now its time to rise and shine, weekends are gonna end so it supposed to show some greenary
BTC long scalpingBtc will again fall on our demand zone we are gonna milk this shit as much as we can buy low sell high
btc analysisso beautifully playing out the ascending triangle
is this new sign of bull market may be!!
if we break the resistance and cross the 25k range we may see btc in new ranges that can be 30-40k
which will lead to pump of many altcoins one by one with Ethereum
BTC long updatebtc broke the supply zone level and the pullback is strong af so price is gonna shoot up from here
BTC SHORT UPDATEMarket reached the supply zone now it'll test this zone if it'll able to cross it then chances are we can see prices higher than 25k, 26k even 28k but if it rejects dump is expected even it can reach 20k
#Bitcoin Falcon Waves count by Falcon Trader We were looking at this wave 4 upside which should finish by 30K levels.
We have finished weekly A and weekly B marked in green. Now we move for weekly green C in 5 waves, out of that wave 1 and 2 is finished.
Looking for wave 3 to start with nice bounce off wave 2 of wave 3 ... looking at 30K touch down soon.
$BTC Daily update $BTC $23,713 broke and currently providing support, Last 4H close with bullish pin bar, if followed thru $24,129 could be retested which is currently resisting. On 1H last close bearish and moving towards support on current 1H candle.
BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions.
Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks
The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency.
The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10.
Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
BTC at crossroads again!! Lets see which way it breaks! Although in a downward channel the natural break should be towards up, but because BTC has given few false breakouts, it will be wise to wait and watch.!!
$BTC Daily Update$BTC $22,379 tested and it held just as expected. $23,197 resisting, $22,379 still remains at risk with last 1D close bearish. Weekend almost here, $22,750-$22,379 could be Support for tomorrow. Continue watching given S/R areas
Btc daily TF If btc ables to hold 50 SMA on daily time frame, we will see a good rally. Lot of confluences near 21k to 21.8k.
At Fib. 618 is where I am lookin for long..
If bear flag breaks 13k is possible which will kinda destroy overall market cap.
Descending Channel Price Action analysis - BTC
Descending Channel Price Action analysis - BTC
Price Prediction Analysis
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line , look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback.
Another way to trade this pattern is to wait for the price to break through either trendline. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue.
Currently, Bitcoin ( BTC ) is at $21962. If the pattern continues, the price of Bitcoin ( BTC ) might reach the resistance level of $23755, $24283, and $25192. If the trend reverses, then the price of Bitcoin ( BTC )may fall to $21607.56
Happy Trading !
$BTC Daily Update$BTC $22,750 support holding good, $23,713 attempted again yesterday. $23,197 being retested right now. Last 1D close with bearish pin bar, been warning of possible $22,379 support test which is becoming more and more likely as we move through this week. Watch S/R areas 👀
BTCUSD : Looking for Short!BTCUSD is looking for short opportunity after forming corrective formation & has potential move to the downside.
BTC short
BTC is respecting that resistance and that yellow trend line so trade accordingly right now short it
