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Bitcoin daily chart on CME Bitcoin daily chart on CME - we are in a weak bullish channel with a Doji Star on the red arrow giving the signal for the reversal. At the moment falling to 2 possible prices 1- 22,190.00 dollars Fibo 61.8 of the last high leg and the other target is 21,095.00 which is the mejure move ABC. Note we are close to the main bearish trendline. We can see this channel being a possible bearish flag setup. When it hits this trendline, it can break up and go for $30,000.00 or it can fall and go for $17,500.00 to $18,500.00 Not to financial advice.
CME:BTC1!
by Chemintrader
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides. Why I say so? there are 2 reasons for it 1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized. 2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
Short
by CryptoTraderBB
Bitcoin to 34k coming Bitcoin in H4. I hope you like the content. I wanted to keep this forum where i can share my ideas in detail and why i think so. Execution of ideas happen in my trading forum which is has so cost price for the real honest neat and clean trades/ content Ok let's move on , Today gona share Bitcoin in H4 As said before. Have guts , have balls to buy it's real buy and we may see momentum soon. Point to understand here is , more the fear more the blood more the opportunity, you want to grab it or not upto you. Tech Analysis, if you zoom out and see what bitcoin did is bear fakeout, it broke the trendline downside, but keep the PA in golden pocket. It's now ranging in ultra critical point i.e. Breakout point. Sentiments for today: I am expecting upside momentum because today's cpr is so clean and wide and there is no agility there. Ya. Price i am expecting as per W shape recovery in H4 approx 34.6k in coming days. Bullish as long as 28k secured. Much Love @thebigbull9
Long
by CryptoTraderBB