BTCUSDT
Bitcoin Short-Term Important Levels!
Pivot: ~19976
1st Resistence: ~20411
2nd Resistence: ~21011
Support: ~19374
btc double bottomafter a double bottom is it possible for a long as we are inside all these orderblocks and at a support area
Bitcoin (BTC/USDT) 4h Timeframe Important Levels!Pivot: ~20328
- 1st Resistence: ~21128
- 2nd Resistence: ~22702
- 3rd Resistence: ~23511
*Probable Pullback: ~20074
BTC/USD - Weekly OverviewThe overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario.
Moreover, after a negative breakout from the rising channel pattern during the past week, the price level has faced a steep decline and potentially formed a falling channel. Technical indicators suggest that more downfall can be expected in the upcoming days. RSI level has reached the oversold region and needs a positive bounceback. MACD levels have gone below the histogram again and faced multiple bearish crossovers.
Overall, incase of further downfall, support levels can be placed at $18K and $17K. However, if the world’s largest cryptoasset showcases some positive momentum, resistance levels can be placed at $21K and $23K.
BTC LONGBTC hit 20k level chances are its gonna bounce and get back up and follow a range bound but there is no guarantee
BITCOIN ON DAILY CHARTBitcoin seems to be forming the rising channel and had a breakdown as well.
Price is sustaining below major EMA20,50,200 and also on weekly chart BTC has formed Engulfing candle and also a evening start candle.
Looking for the target of 16k
Trade safe
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daily down to 5 min anlaysis
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#BTC update 4 hr TF with trend line and divergence Price is ranging in the accumulation zone and it will continue for 2-3 days before a breakout. A breakout in downward direction will give control to bears and we will see a swing to new lows. Market sentiments are neutral and traders are waiting for a clear sign in either direction
BTC/USD - Weekly OverviewThe bears are back again in the overall market conditions as the weekly loss for BTC reaches nearly (-)12.30%. On the chart, the price level has suffered a negative breakout from the rising channel pattern reflecting upon a strong change in sentiments
During the past bullish rally, BTC faced significant resistance around the 0.236FIB level which may have resulted in the sentiment change. Additionally, MA-10 has also suffered a negative crossover against MA-20 and the price level has again fallen below major moving averages
The MACD level also showcased bearish crossover and red bars formation on the histogram. The RSI level suffered a dip towards the oversold region and still showcased negative nature while residing at 33.80
Overall, negative sentiment has surely kicked backed in the overall market conditions. Narrative of the possible new-yearly bottom for the world’s largest cryptocurrency has started to float on media channels. Adding to that, support levels for BTC can be placed at $20K and $18K. On the contrary, resistance can be placed at $23K and $25K.
BTC Short ideaBTC broke down from the channnel and completed bearish retest. OBV looks rekt. Expect a big down ward move.
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
