1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months.
2. No sign of Divergence, trend is bullish
3. Strong Momentum
4. Lack of Volume
What could happen?
Pullback towards 30K or Sideways movement
BINANCE:BTCUSDT -- Swept Equal Highs and Demand zone Testing 2nd time after BOS and Liquidity Swept at swing lows and all Stop loss are swept. just looking bullish Not mitigated previous High.
#BITCOIN 1hr. Chart Analysis
As per present scenario, after reached out $35.9k in last week, CRYPTOCAP:BTC lower support already one of the previous one is $33.3k that was never broke down in previous times to much easily as well not this time too, but its also never break-out $35.2k mark very easy soon and previously many times too.
So, its the exact scenario...
BINANCE:BTCUSDT --- Completely Turned bullish Not covered Fair value gap created in higher time frame in weekly below prices. ( Expecting break out in Higher - Higher Liquidity Sweep Equal High Formed at top Earlier Seller about get swept.
Bitcoin as took weekly order block as supply in 4hr TF, Confirmed downtrend lower - High.
Liquidity Swept in 1hr TF, Demand as tested more than 4 times , which tends to Weak Demand.
BINANCE:BTCUSDT - Ready Shot .
As per CNBC report,
It is noted that BTC has Lowest Volume participation in Last 4 Years.
"The U.S. regulatory crackdown on crypto combined with the end of the banking crisis in May (which accounted for much of its year-to-date gains) drove market makers and traders away – and they haven't had a reason to return"
But after US 10 years bond yields report,...
Looking for short today on BINANCE:BTCUSDT and the next support level is below 28k. Yesterday, there was a rumor that the Bitcoin ETF had been approved, causing a huge spike in prices. However, this has yet to be officially confirmed, and could just be a rumor. Lets see!
Previous day:
VAH: $29210
POC: $28438
VAL : $27624
Date: 17 Oct 2023
hello everyone welcome to crypto trading ideas and investing charting
we are watching btc on weekly and daily basis,
from previous down trend we have seen the bullish break of structure,
we have seen some liquidity area and internal pullbacks,
but currently price is making small bars and moreover sideways
this looks like less buying demand at CMP
im...
#BITCOIN Daily Chart Analysis
After Pumping of Weekly startup today's signal, CRYPTOCAP:BTC movement still under #BearishFlag pattern, it means with in next 25-35 days its next and final divergence will be towards $24k and from that point it will break down, there will be chances to breakdown of 18-20% means up-to $5k of value breaks as per my next forecast...
#BITCOIN 2-hr. Chart Analysis
As per present MIL:BTC movements, it will be stucked between $26.9k to $26.5k , if it will be moving into this scale up to 2-3 up-down cycles, then major chances to break-out $26k mark soon with in next 48 hrs.
MIL:BTC already moving under #Bearish Flag in daily chart analysis, that's i previously posted, so as per that scenario...
#BITCOIN 1-day Chart Analysis
As per present CRYPTOCAP:BTC movements under FWB:27K -$28k range, it's unable to break out $28.5k due to very lower volume into market and manipulators trying to do some Pump-Dumps in Market but its very much chances to breakout into another divergence towards $24k soon in #BearishZone.
Anyway, lets see, where it will be move...
#Bitcoin Weekly Analysis
As per weekly movements into CRYPTOCAP:BTC into USDT pair Chart Analysis, It's again into #BullTrap with highly Pumped at October Start-up while America goes into Shut-Down to their services as per financial crises and Recession.
This Trap is 100% #Pumptoober,
B'coz, as per chart, Buying pressure starts from 1st week of January and...
