Search in ideas for "BITCOIN"
Bitcoin Weekly Chart Analysis: Navigating the Bearish LandscapeBitcoin Weekly Analysis: Navigating Market Dynamics
Overview:
Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge.
Bearish Sentiment:
Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market sentiment.
Rising Wedge Resistance: The cryptocurrency faces resistance at $38,500, aligning with the upper boundary of the bearish rising wedge.
Potential Scenarios:
Confirmation at $38,500:
High probability of a downward trend.
Potential Liquidation Wick at $46,000:
A strategic level for liquidating high-leverage positions.
Support & Resistance:
Support Zone: $29,000-$30,000 within the rising wedge.
Resistance Levels: $38,000 and $46,000.
Key Considerations:
Caution Advised:
Exercise prudence and conduct thorough research before making any trading decisions.
Bitcoin Chart Update 4H Timeframe#Bitcoin Technical Analysis
Current Price: $37,150
#BTC exhibited resilience, rebounding off $35,500 support, now approaching resistance at $38,800.
Support: $36,000.
Critical Juncture: break below $36,000 may pave the way for a retest of $30,000.
Stay vigilant within this range Parallel channel.
Bitcoin BTC Bull Market Golden CrossBitcoin BTC bull market golden cross, 5-day moving average MA10 crosses MA100 golden cross, this golden cross also appeared golden cross signal in the past bull market, 2012 bull market golden cross, 2015 bull market golden cross, 2019 bull market golden cross, 2020 bull market golden cross Fork, 2023 bull market golden fork again, such an obvious signal is right in front of you, what you do is people who don’t believe it, life and death are bearish, if you don’t accept it, you will do it, only the blind will not see the bull market golden fork, blow up the short, get rich and long, in the middle Satoshi Ben said: If you don’t understand or don’t believe it, I’m sorry, I don’t have time to convince you. The starting point of the bull market surge is on the moving average in front of you. The bull market is coming, and the point of the sword is invincible.
Bitcoin Symmetrical Ascending TriangleBitcoin BTC symmetrical ascending triangle, the daily low point is getting higher and higher, the bottom price is rising, the green trend is the low point trend line, according to the trend rule, it will break through the red trend line, and then reach a new high price, within the triangle is a shock, until If you break through the red trend line above, you can get out of the shock range. Normally, this trend will eventually break through and rise.
BITCOIN IN CORRECTION - Bullish trend. Buy @ 24500-25000 BITCOIN IN CORRECTION - Bullish trend. Buy @ 24500-25000 levels when price drops as looks very strong trend to the upside .
Target 30000 in near weeks. for bullish Trend Continuation
Target 20000 in near weeks for bearish trend - change of trend
Bitcoin Idea WeeklyBitcoin Has Taken Its Bottom.,
You Can See In The Chart That In 2017 Bitcoin Formed Support By Falling 70.71% And In 2022 By Falling 60.00%. And After That In 2017, Bitcoin Fell By 45.88% And Made The Bottom Of Its 3rd Cycle. And Even In 2022, Bitcoin Fell By 46.05% And Made A Chart Like 2017 , It Seems That Bitcoin Has Made The Bottom Of The 4th Cycle.
Follow Me For Mor Valuable Information.
Bitcoin BTC daily trend line cycleBitcoin BTC daily trend line cycle, the red line is the bottom in the past, breaking the previous support and turning resistance is the position where it will rebound and rise in the future, the vertical line is the future top date, the red hammer is the future top price, and the green line It is the top of the past. Breaking through the previous resistance and changing to support is the position of stepping back on the support now. It has successfully stepped back on the support in the short term, and it has belonged to the breakthrough trend line in the past. When the trend line is broken, it is bullish. When the trend line is stepped back, it is the last up The opportunity for the car, now the opportunity is in front of you, others are afraid to be greedy, and are ready to start a long-term bull market.
Bitcoin BTC triangle trendlineBitcoin BTC shrinks the triangular trend line. Bitcoin has not yet broken through the downward red trend line. It is resistance in the short term. Under normal circumstances, it will fall back to the lower blue line or green line. Even if it breaks through the upper red and pink trend line later, it will step back on this line The two lines, seen below the lower green line and the blue line are the bottom.
Bitcoin Trend AnalysisBitcoin is at support level. The risk is less if we enter on the support line with a stop loss.
The Risk to reward ratio is good.
There is a possibility of death cross which makes the stop loss more important.
This is only for educational purpose.
I spend good amount of time in analysis and feel happy to share it with a large group.
Bitcoin Short-Bearish Pennant BreakoutBitcoin is making a pennant pattern which is about to breakout. It's a bearish pennant ,formed in 4h time frame.A bearish pennant usually breaks out downward but during the mixed emotions of the market and its' volatility can be cause of uptrend too.Also the market is on downtrend for a long time so a up move can be expected too.
But the major signs is in favour of bear market so keep an eye guys.wait for the move.The targets of upward is 18916 and 20997.and the downward target is 15640 and jump to 12133.Happy Trading.
Bitcoin BTC Fibonacci weekly chartBitcoin BTC Fibonacci weekly chart, which includes short term, medium term, long term, top and bottom prices, support and resistance levels, breakout and breakout levels, bounce and retracement levels, bull market levels, bear market prices of Bitcoin as long as You know how to use it, this picture is your money printing machine. The cryptocurrency market is full of news. It's better to stick to a few lines and listen to a few more. Everyone knows more about Satoshi Nakamoto’s contract hype. picture.