50000 is a crucial level, breaking it will go to around 42000 and then 30000. However, the uptrend momentum has lost steam so keep a cautious approach.
A breakout in Inverted H&S and a Flag Pattern being created.
Breakout of inveted H&S leads to 75K above tht it breaksout from the flag pattern as well.
making a target of 102K.
It's showing a good falling due to the following reasons
1. First of all it's faceing a resistance from the upper marked trend
2. Second the deep confidence comes from the secondary neckline breaking on 15 min chat
3. Third confirmation comes from in days chat it's completely bearish
Like if agree
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It's showing a good falling due to the following...
I have marked IMPORTANT support and Resistance levels for BTCUSDT.
These levels have been marked for a reason, utilise it with your indicators for MORE profitable trading trades
please do like and comment if you want Support and Resistance for any other scripts.
Thanks :)
In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals).
It's just a pattern, I hope this analysis be right for all who own btc usd.
"When touches white line, time to buy".
NOTE THE SIMILARITY!
This is an updated chart I published 29/12/21 (see link to related ideas).
After nice breakout, the price managed to breakout through the median of the pitchfork which is the golden line
the green lines are following pitchfork acting as support and resistance on higher time frame
the greenish zone is the 4h halting zone is the price breaks the golden line
it is consolidating and forming triangle pattern
not gonna go short the trend is...
BITSTAMP:BTCUSD
Be ready for big ride, whoever holding from our previous alert can still hold of book partially and now hold for target more than 80k +.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Price will likely to reach 52 to 50 in one or two weeks.
Price already takes the buyside liquidity.
Last 3 to 4 days it's been dropping slowly with accumulating orders to short.
It's my prediction maybe it will not happen.
Learn to analysis by yourself is better for you.
Peace.
Yeah as per technical analysis it should come to 56k.
In my opinion it gives confirmation candle to go 56k.
Maybe it will reach there on Thursday or Friday ( economic data news) .
Learn to analysis by yourself.
Peace.
The Fourth Bitcoin Halving has been completed and the rewards have been reduced to 3.125 BTC per block.
At the time of writing, Bitcoin price was hovering close to $66 K recording a 1% dip in Intraday.
The fourth Bitcoin (BTC) halving has finally taken place, marking a significant milestone in BTC's journey. As a result of the recent halving, the reward has been...
On Weekly Basis:
BTC/USD completed its correction from 65500 to 16300 in its 3 Wave Down Correction. Previous top was made at 19000 in December, 2017 also a support level. Fibonacci 78.6% retracement from bottom 5300 to top 65500 ends at 16300, a support level. It took a support at 16300. It consolidated at 16300 till December, 2022 then started a fresh new Bull...
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
## Technical analysis:
. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )
...
Many people continue looking at Bitcoin... What will it do?
Will it finally breakup?
Will it loss support and go down?
Based on past history each time Bitcoin peaked the reaction was very fast, clear and strong... Today, the market changed... We can see Bitcoin consolidating near the top, meaning, sideways action.
When Bitcoin goes sideways the altcoins...
