BTCUSDT chart analysisHere is my weekly and monthly view as you can see my idea and plan for the monthly trading. This idea is for not taking the trade as we will trade during the bullish rally.
BTCUSDT
What 1-hour chart says? Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a whopping 20% year-on-year decline for its on-demand services, the worst change on record. According to government data released on May 30, consumer spending for internet services from January to April stood at $17.7 billion.The value of stock offerings in Europe also hit the worst level in 19 years after rising interest rates, inflation and macroeconomic uncertainties caused investors to seek shelter in cash positions. According to Bloomberg, initial public offerings and follow-on transactions raised a mere $30 billion throughout 2022.All of the above make it easier to understand the discrepancy between the recent Bitcoin price recovery to $32,300 and weak derivatives data because investors are pricing higher odds of a downturn, primarily driven by worsening global macroeconomic conditions.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $29,900-$30,000 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $31,900 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500.
Alternative Scenario: If Bitcoin fails to clear the $30,400 resistance zone, it could start another decline. An immediate support on the downside is near the $29,000 level.
Possible btc next movementComment your trade idea and thoughts
Thats my next btc plan kindly like if you find it helpful
#Btc trade analysis in 4hr TF with supp & resisBTC break its range-bound area and gets rejected from its 200 ma in 4 hr time frame and we see a squeeze near 20 ma, $30544 is its next supp if everything goes normal.
It come back to check its supp
Btc Dominance plan for this yearWe can see a formation of elliot wave pattern in Btc dominance in the market So we are now in third wave top
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so
1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside
2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside
So, huge moves are coming, if we break this sidewise trend (probably downside)
price might consolidate(or retest or take pullback) before breaking out
(Don't open any position on wick)
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
Btc symmetrical triangle 4 hr TF Btc symmetrical triangle 4 hr TF with supp & resis,
No Calls for future trade just watch and do #DCA in BTC which safer side
Btc respecting daily demadBtc respecting demand levels, made the intial bos, if we go down its essentially making a lower low and it obviously doesn't want that and rather take out equal highs as liquidity and tap in a supply point
longed @29250
stop @29690
take profit @31000
BTCUDSTWe see some days in crypto there was clear range in 4 hour time frame . Now in four hour the price is at the resistance level .It was also aadditional conformation. You have to enter with your analyses also.
Any doudt please comment ok .
Thank you
#Bitcoin Break out or Break down?On H1 you see my support at 28850ishwhich is holding strong since few days. Above, you see 200 day EMA is also strongly limiting upside with a strong rejection. At some point shortly, it's either or. Breakout or breakdown.
What do you think? Let me know in comments. My bias is for breakdown.
BTC Can Drop Further More.From last Rejection at 30000 BTC fell to the support level around 28750, corrected between the Fibonacci levels , sellers are gettting the control slowly. There is raising wedge forming on 1 hour time frame so most probably we can see a BTC further low might be the lowest.
Btc Range bound with supp & resis 4 hr TFBtc Range bound with supp & resis 4 hr TF
keep an eye on btc because btc have guts to blow all analysis
Market still have negative sentiments
BTC Btc analysis short june, july down 22k- 25k. btc long term analysis, what you think comments below.
Our fractal is playing out !😎As we shared yesterday with you that btc can do sideways movement is geeting right because 31800$ is hard resistance for now and 27600$ is strong support now and also our fractal is indiacting that we are going in a sideways market till mid july to last august untill unless a good volume comes in market.
What 1-hour chart says? Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.”
Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages.
Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BTCUSDT SHORTHere I drawn how btc is going to perform in coming days. I’m expecting it to drop to 28k range and retrace to 34k range then hard drop to 24k.
What 1-hour chart says? 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 collapse of the Terra protocol. Its native LUNA token plunged to zero in days, impoverishing its investors. Cunliffe believes that digital assets have no intrinsic value, which is why they fluctuate depending on market sentiment. He added that cryptocurrencies are not actually viewed as a financial investment by retail investors. The BoE official has added that cryptocurrencies should be treated as risky securities. The total cryptocurrency market capitalization currently stands at $1.29 billion.
Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $30,900-$29,200 ranges. Yesterday it made high near $30,700 resistance zone and then it fell down sharply and found support near $29,300 support zone. Bitcoin is struggling to gain momentum above $30,500 and $30,700.The price is now trading near the $29,800 level and the 200 hourly simple moving averages.
Alternative Scenario: if Bitcoin fails to gain pace above the $30,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,300 level and the next major support is near the $28,700 level.
BTC USDTBTC USDT analysis was done in 2 hours time frame. W - pattern (Butterfly pattern) can be formed. Possibility of new swing high.
What 1-hour chart says? Fundamental Development
The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still sketchy as Milanez did not disclose if the exchange will offer Bitcoin futures trading directly or form a partnership to offer the service.In January, Jochen Mielke de Lima, director of information technology at B3, said that the stock exchange would launch products offering crypto exposure this year, including Bitcoin and Ethereum futures. We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process. Furthermore, B3 has other crypto-based products in its arsenal, including a platform for crypto trading, asset tokenization, and cryptocurrency custody.
Short Term Technical View: On daily time frame chart Bitcoin is trading below 200 simple moving averages. Bitcoin is now trading above the $30,000 level and the 100 & 50 hourly simple moving average. If it breaks $30,500 resistance zone then it can show upside movement near $30,900 level. Right now BTC is consolidating near $30,400 range.
Alternative Scenario: If BTC fails to break resistance zone $30,500 level then the first major support is near the $29,700 level. A downside break and close below the $29,700 support might start a major decline near $29,400 support level.
BTC targeting $150K?Throughout this double top formation, RSI have cooled down and been trading under the oversold zone now. We have good support around $20K, which can act as a bottom. Then we can expect a rally upto $150K
Btc trade analysis in daily time frameThese are the support which BTC is breaking on a regular basis, now days only do focus on BTC analysis, if BTC works fine in the future week then maybe we see some hope for altcoins too. Until just pray to make BTC stable which makes our portfolio some value because in the majority of people are invested in altcoins for some gains but no one expected that will happen.
HOPE HOPE HOPE
Cuz support loses its value in this market
BTC KNOCK EVERY SUPPORT LEVEL
btc what now ??the above is the trend line in yellow which BTC should follow
and below are some support lines where we can expect a bounce from BTC here if there is huge volume candles than only enter at this support lines
