BTC USDT Analysis
the situation is negative
Breaking the 20257 area made the situation negative for Bitcoin.
It may re-test the 20257 area, then go to the 19000 area
Now BTC Printing the Bullish Divergence, When reached the final Bottom, it should start the new journey, Market already behavior like the final bottom incoming.
Bitcoin getting more stronger then previous Cycle Even the FTX collapse could not take bitcoin to the final bottom. If more fund come then Bitcoin surely find the final bottom.
its not investment advise
Matic is very good coin i am not questioning it but the way markets sentiment is its hard for matic to break 1.5$ resistance this is something i am assuming what i have drawn in chart it wil be clear if we play level to level
As you can see every cycle for the past 10 years, Bitcoin has been testing the long range 100th moving average. For every cycle it drops to the next 100th moving average. If this trend or patterns continue, we are likely to see bitcoin test the 400 week moving average, whose price is around 14k, which could mark the bottom of bitcoin in 2023.
The world’s largest cryptocurrency has maintained its positive momentum and accumulated approximately 36% returns in January.
BTC has been in a Bear trap, it had hit its low of $15.5K and took support at the resistance trendline as shown in the chart. After consolidating there for 2 months, BTC shot up to the level of $24K and is currently retracing and trading...
#BTC UPDATE.
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box...
BTC "Trend Continuation"
BTC price has been observed as Higher High and Higher Low . Currently, Bitcoin is in the range of $16930. If the pattern continues, the price of Bitcoin might reach the resistance levels of $18250 . If the trend reverses, then the price of Bitcoin may fall to $15500
Happy Trading
TRADING SUGGESTION:
Now we looking to the market got a triangle pattern area,once break the pattern take a trade .
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TAKE A TRADE,SIT BACK AND RELAX
#CRYPTOCURRENCY
BINANCE:BNBUSDT outperform BINANCE:BTCUSDT in past 1 year.
With fast growing ecosystem, BNB will tend to face selloff in short time (due to external market condition ) but Bullish in long run (When bull run starts).
hi guys
just a quick overlook on the daily btc chart from ath horrible sight to see three bear flags one after the other inside of a falling wedge since atheach time we broke previous flags we had near enough the same drop of around 45% we have broke out of our latest flag are we going to see another 45% drop in price to the 14k mark its possible given the...
Still we are looking for a short on Bitcoin.
Reason why we took short is a forming of inverted flag pattern in Daily chart.
And also we have H& S pattern in Weekly chart also.
Use proper risk management.
Thank you
Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA.
The coin has given a nice movement and is retracing before another up move.
The coin is trading below the moving averages.
Two confirmation patterns are being formed in the coin on the daily time frame
1. Head and shoulder pattern
2....
Fundamental Development:-
Ontario crypto exchanges impose $30K annual limit on altcoin buys
Canada-based crypto exchanges Bitbuy and Newton are enforcing a 30,000 Canadian dollars annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations.Newton, a Toronto-based crypto exchange...
Fundamental Development:-
Expansion of short-term BTC holders suggests 'final flush' of sellers
A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15...
Descending Channel Price Action analysis - BTC
Price Prediction Analysis
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with...
