Bitcoin big picture, right now I am expecting it to hit 23k level before dropping down to 10k.. overall it's bearish and my poi for shorting is at 23k level
after a long bearish move and bad sentiment
btc price has formed a consolidation pattern and
on 1h time frame we can see a inverted head and shoulder pattern
initiating trade according to -
as per neckline drawn on the chart
after the breakout only we can enter long and keep stop loss below the shoulder line
info line drawn from the head of the...
BINANCE:BTCUSDT
BTC has broken $59,500 which was its previous breakout level, the same level which was later acting as a support.
So clearly after that level broke the next support we see is at $53,000 ($53,013) if u want to be precise. If BTC breaks $53,000, we will be heading to $48,666.
When we can see the picture as a whole, It took reversal from "Fibonacci retracement level 0.786" in an uptrend journey, Its already up 600% and we can expect continue to reach the next 500% price level which is whooping "$38,0000" before an another retracement.
This is a true and valid analysis... This is the real deal when I mention the $44,000/$46,000 target for Bitcoin.
This is based on both the weekly and monthly timeframes.
There is an analysis that I keep on going back to because it is really reflecting what is happening now and can continue to happen in the coming weeks, the next month.
Based on the trade...
Just recently I did an analysis on the Bitcoin monthly timeframe chart.
We looked at the TD Sequential indicator and how we always get a higher high on a positive 9 after the 8... This can be seen here:
I would like to look a bit deeper into the Bitcoin monthly candles and why we are likely to go down before more up... within the month. This is something that...
BTC currently going 18680 around 3 days did price correction But now looking like bears are heavy on the market so the bearish wave started now as good for alts BTC will fall near the first fall will be 17800 if the bear market continues.
16 hours of target 18380 around
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
One-way long position strategy for four hours
1. $36000 Long position entry zone / Loss when breaking out of the light blue support line
2. $38000 short position
I tried to operate a little aggressively.
Please note that my analysis is merely for reference.
Please operate safely with principled trading/stop loss required.
thank you
hey check this chart. i was tracking this from long time. and i want to give you some update with the help of this chart.
please dont forget to follow me for some more interesting technical analysis.
Decoding Bitcoin: Weekly Time Frame - Descending Channel Pattern
Bitcoin has been trading within a Descending Channel Pattern since February 2021, presenting opportunities and challenges for traders based on technical analysis. Let's analyze each period from a technical perspective and consider their potential impact on future price movements.
Period: Feb 2021...
