In a monthly POV, bitcoin has been displaying signs of weakness since the beginning of its previous ATH. BTC is currently trading near a key support level. A monthly candle closing below 17100 may result in further downfall.
Large red bearish candle breached the 50 period moving average and S4 pivot supports this month. Next support level is at $6175. head and shoulder pattern formed has already broken down. Fall expected equal to the height of the 'head' indicates a terminal price of 'zero'.
I have said it before now telling it again Bitcoin's Next halving is on March 27, 2024. the best time to enter the market would be mid of 2023 and during the dump of the market when halving is done.
so BTC followed the projected path! there seems to be one more small push down before some relief is seen. the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later). Trade safe!
As per our expectations , #btc break the box and going 📉 . Bear took control over market . Hold your seats tightly till 🐂 take control .
This just an idea based on the Bearish Flag pattern forming... $BTC might touch 50k from here and fall back. If flag structure breaks we can see $BTC touching 20k range... Check for levels before hitting 20k mark in chart and plan accordingly. Always do your own research..
$BTC last 1D close and last 4H close both bearish pin bar, current weekly not looking good at all awaiting close. If break $19,894-$19,535 Key areas to watch will be $19,003, $17,999, $16,005, $14,019
Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data...
$BTC Continues to range between given range, last 4h close not looking good with bearish pin bar, yesterday's 1d close with bearish engulfing if played out we can see $19,535 test shortly, currently moving in oversold region $20,812 resisting. Watch given support
Fundamental Development:- XRP was trading at $0.33748 . on the Investing.com Index on Thursday, up 10.04% on the day. It was the largest one-day percentage gain since February 25.The move upwards pushed XRP's market cap up to $16.24440B, or 1.70% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.XRP had traded in a range of...
$BTC Given $19,894 support held, $19,894-$19,535 support area remains in effect here. $23,197 acting initial resistance as expected. Possible sideways range forming $19,894-$23,197. $21,299 current support. Gave your $19,894-$19,535 support area to watch over a month ago on May 10th😎.
$BTC retesting $20,812 support watch it👀, last 4h close not looking good. Current 4h representing fakeout watch given support areas, still no sign of strong support.
it seems like 2024 3-4th quarter will be the next bull start with all the current geopolitical affairs and inflation control measures and bottom near 9k..... then will lead towards 200000 - 2,50,000 hoping bitcoin ETF by then, till then keep accumulating specially XRP if law suite finishes as it was more then ETH but due to lawsuit it is on lower position but...
1. BTC is in downhill as indicated in the earlier study of HS 2. We are at first AVWAP support level drawn from Jun 2019 at 20669 3. The H&S study shows, bitcoin can go as low as 14800 which also coincides with another AVWAP support from highs of Dec 2017. 4. This is great value zone and lot of contrarian will get active in this zone stabilizing the btc price. 5....
Entry into bear market ! Last expected to 3396 Gann fan and fibo on monthly are way fully in short!!
The world’s largest cryptocurrency has again fallen in the hands of bears as BTC has slipped below the crucial support levels of $28K, $26K, and $24K respectively. The magnitude of downfall is around -15% on the 24H-timeframe. The primary reason behind the sharp downfall is said to be a global selloff fueled by the fear of inflation, the prospect of recessions in...
Seems like worst is not over. Breakdown below current levels will confirm a #DoubleTop breakdown. Leave about targets. Its high time to say bye bye to bitcoin at all cost. Next accident could be harsh than one can think of.