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...
BITCOIN 22550 SHORT TERM TARGET - 4HR CHART BULLISH VIEW
in Bitcois currently trading in the SUPPLY Zone which is being already tested. Hence looking at the 4HR timeframe trendline resistance breakout it will soon test during this month the fresh supply zone upside at 22550 level. approx 1000 points gain mostly in next week. If you are holding your positions ,...
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...
Bitcoin is looking fresh negative on monthly charts with negative rsi divergence although it is not good time to say for short because earlier i told it is negative at 280000 but yes it is weak in current setup
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...
Bitcoin is at the bottom of the daily channel. It can give a bounce from current levels and go towards the upper trend line for a target of 50k. Breaking down from the channel could be more bearish signal for BTC.
#btc #crypto #bitcoin
Bitcoin is Bullish , Rationale:
a) Retracement levels well achieved
b) Support secured (trendline support)
c) HH, HL continuation d) Marching above ema21
e) beautiful price action in H1
f) bullish engulfing in weekly surpassed last 3 weekly
g) W breakout pattern
Bitcoin (BTCUSD) is now in correction mode from the bearish wave... What is likely to happen next?
The conventional markets continue to look bad and ready to crash.
We have tons and tons of inflammation (or inflation?), the war is just another catalyst that can make the markets unpredictable everyday.
So what to do, what is the best course of action?
We have...
