Bitcoin continues it's down trend with respecting the trend line as it's resistance and forming a major support near $30000.
Btc Buy above 34300 tgt 37000 sl last swing good opportunity for Buy
Bearish Order Block Tap followed by a low resistivity liquidity run to the 30-minute FVG.
#BTC last hope above $31800 for bull. Below Red box ready for $23000 and if bounce back from here then we can see $35500 Support: $31800 Resistance: $35500
Finally BTC death cross event happened as just the market was trying to go up... Next month or so can be a struggle to move up...
Bitcoin in 4H time frame breaks the descending triangle pattern and retesting the 37500 level. Will it pump after the retest ?
Breakout will result in testing of 42000 lvl testing. Breakdown will mean we are looking 38000 bounce and low confidence.
Go short as price can dump till 33500 Not financial advice
entry price: 36000 stoploss: 35527 profit booking: 37011(1st target), 37926(2nd target)
COMMENT FOR CLEARIFICATION
Trendline Observation(s). Simple trendlines drawn over the Chart of BITCOIN/USD. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BTCUSD is currently sitting on a weekly support and forming a huge pennant which usually break upwards. This is also price area when Elon Musk got vocal about his interest in Bitcoin. Bitcoin had a nice dip of around -57% from the top and consolidating while sitting on weekly support. Historically such dips and then consolidations have been a very good places to...
As of what I have analysed, BTC is now taking a track to run into 30k level. As now took a bull trap it will be going to dump down.
Will be taking the first position around the bottom levels, i.e; around the buying zone mentioned in the chart. Since the market is very volatile and highly speculative, there are chances for more crash in the coming days and is totally aware of that. Will considering adding on to the position if that happens, at appropriate levels.