#Bitcoin 4hr. Chart Analysis
After CRYPTOCAP:BTC #DeathCross completed in today morning, Whaler's will trying to manipulate the market, and they were successful after today's #BullTrap. But as per 4 hr. chart pattern of Bitcoin's, it properly moving into Ascending Broadening Wedge Pattern with perfect Symmetry again.
Next downtrend cycle starts from 15-17...
BITCOIN 4 hr. Chart Analysis
As per present CRYPTOCAP:BTC movements in Descending Broadening Wedge Pattern, that starts from last high of CRYPTOCAP:BTC on 22 June at $31.25k, its finishing point is around 12-15 July and it will be the last time next ATH of approx. $32.8k to $33.3k and get reversal very fast towards FWB:29K -$30k, before $33.5k mark that is...
BITCOIN 1-Hr. CHART ANALYSIS
As per hourly chart of Bitcoin, its moving at Broadening Wedge Pattern for again a bullish trends towards FWB:29K , but still as per Daily chart pattern, its final cut-off point is near about $28.5k to $29.5k for another Divergence cycle of Downtrend too...
so, invest & trade wisely by using #StopLoss and #DYOR always.
must LIKE & SHARE
#Bitcoin is under very critical zone now a days and mostly moving around $26.5k to $27.5k, while many times it rejects for uptrends and retest for #BearishZone of FWB:25K -24k but majority of chances, between 20 may to 20 June 2023, BITCOIN will be under #BearishZone of $24k to $22k and then FWB:21K - $19k too....
DISCLAIMER-
It's not any #FA, its just proposal...
Bitcoin is making a bearish setup by forming a bearish flag pattern in 15m/1h time frame.The flag will give a breakout soon.The 16570 level and the 16339 level are the support levels downward.Keep an eye to the intraday trade and take the right entry.
Bitcoin casual price forecast based on Trend and Time based Fib extensions.
Future price projection is based on last cycle Top and bottom assuming similar trend may occur again which might not be the case.
It is a casual analysis just to get an idea, not to be considered for actual trading.
Bitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above.
My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here:
Now, we are going to have a shorter-term look at the chart.
Bitcoin (BTCUSD)...
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP...
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE...
- Bitcoin is trying to take some support from the zone of 67,000$
- Bitcoin on a Daily TF looks different its trying to consolidate and find a support that can stop its further drawdown
- The market from a technical perspective isn't portraying much bearish/bullish bias
- One catalyst can bring down/up prices more
- If you are looking for entries then I would...
Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes
Abstract:
Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points....
Bitcoin is showing a strong upward trend, with an expected target of over 60 percent. To play it safe, it is advisable to enter the market after the cup breakout.
