BTCUSD updateBTCUSD is in bearish pennant pattern in 1hrs TF. Considering the global cues we can expect further fall in BTCUSD till 54000 zone. Be cautious with trades.
BTCUSD trade ideas
Bitcoin Bybit chart analysis April 17Hello
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Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
After breaking out of the light blue support line, it falls significantly.
You should pay attention to the light blue support line in each long or short position.
In any case, if we maintain the light blue support line without breaking away,
Because the likelihood of it continuing to rise increases.
Is tether dominance touching the main resistance line?
I think it would be good to see if the trend continues at this point.
*Red finger movement path
Long position strategy
1. $62499.5 long position entry zone / stop loss when breaking out of the light blue support line
2. Long position target price of $65,888 -> Gap secondary target
Section 1 at the bottom is the last extreme crossing section.
Section 2 is a place where you can play around with double bottoms on the lower tail.
I hope you make good use of it by watching the Nasdaq movements.
My analysis up to this point is
Please simply refer to it and use it.
Please operate safely with principled trading and stop loss required.
thank you
My analysis on how to make 300% ROI 2024Hello guys like share and follow and lets make money together.
VHT YOUR MENTOR SIGNING OUT
BTC Suport retestedSupport at 60k retested as expected. Good pullback in great volumes (150+) with a doji candle.
BTC Support breakdownHuge support at 60-61k. BTC is being traded at major volumes at 60-61k. Support breakdown expected if it breaks 60k.
BITCOIN IN PROFIT BOOKING ZONESince the beginning of this rally,and me posting the chart of 70k the pattern forming now seems to be a terminal impulse of the 3 wave which will also mark the end of impulsive wave 3 and price is likely to fall to 61k to 57 k in coming days weeks or even months.
Since the overall trend is bullish the fall will be slower and corrective any which way you slice the cake profit needs to be booked immediately without falling in love with your positions for greater profits.
BTCUSD updateBTC just broke the channel pattern in 15mins TF and again consolidating between 63600 & 63300 in channel pattern.
Break in either side can give a good move.
Resistance 64800
Support 61800
Strictly trading call, get out if SL hits !Target 1: 64885
target 2: 65268
Stop loss: 63631
Stoch RSI is near over sell zone, can get a small bounce for targets.
Bitcoin Bybit chart analysis April 16Hello
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Bitcoin 30-minute chart.
There is a Nasdaq index release tonight at 2:15.
According to recent Nasdaq variables and movements
Because the movement occurs irregularly, analysis is not easy.
It is falling without any short entry position.
As it is coupled with Nasdaq, the rebound is also occurring in a strange section.
We followed the safest strategy.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry area of $64585.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $61897 / Stop loss when the green support line is broken
$67,101 long position primary target -> Top secondary target
Depending on today's Nasdaq indicator announcement or movement
Variables may arise.
You can ignore the short entry section and rise as is.
If the green support line breaks away from the current position
This is the place where the number 1 double bottom can appear at the bottom.
If it breaks through the top section
Because this is where the mid-term downward trend is broken.
A further upward trend may occur.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
BITCOIN BEARISH OUTLOOOKBitcoin Update: Key Alert!
Quick Analysis:
As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend.
Current Status:
Bearish Outlook: Bitcoin's failure to surpass $67,900 has set a bearish tone. Watch out as it now trades below $63,000, which might trigger further declines.
Support: $51,000
Resistance: $63,900 / $67,700
Suggestion for Traders
Monitor these crucial thresholds and adjust your trading plans accordingly.
Stay prepared for swift market movements.
CRYPTOCAP:BTC #Cryptocrash
BTCUSD near important support zoneBTCUSD is trading near important support zone of 61800.
If it breaks the 61000 zone we can expect a further fall in BTC till 54000.
If its reversed from that zone we can expect a upward move till 65000.
Bitcoin Bybit chart analysis April 15Hello
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Bitcoin 30-minute chart.
There is an indicator announcement today at 9:30 on Nasdaq.
The beat has reached the gap retracement point at the top.
It is a strategy for rising waves,
There is a possibility of further decline if it breaks out of the green support line today.
You must be careful.
*Red finger movement path
Long position strategy
1. $65495.5 long position entry zone / stop loss when breaking out of the green support line
2. $69983.5 long position primary target -> Good secondary target
Currently, a short-term upward trend is underway.
It is breaking through the central line on the 4-hour chart. If there is an additional rise,
In order of Bollinger bands, 6-hour central line -> 12-hour central line -> daily central line.
We need to break through.
In Tether Dominance, we have almost reached the last resistance line.
Will it rise once more?
It seems important whether the downward trend will resume from the current position.
In terms of bits,
Should it rise immediately from the current position or hit the bottom once more and then rise?
Please note that it seems important.
Please note that my analysis is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
Panic ?? Crucial Zone.BTC is near a crucial make or break zone. It should take a support at current levels otherwise can go back to 50K-51K zone. Then it may take few weeks to recover. It will become very short term bearish if current support breaks.
Keep geopolitics in mind, Greyscale is playing spoilsport's. It may be over in next 2-3 months.
BITCOIN SHOWING A GOOD FALIt'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
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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
Follow for more
Reaching at 67500BTCUSD is forming corrective formation for a movement to the downside after reaching at 67500
Reversed and scalped 200 pointsBTCUSD reversed from the zone mentioned in my earlier post and scalped 200 points.
1 lot profit 200$
BTCUSD short term trendBTCUSD is near 1hr Demand zone. Wait for retest to happen and can try taking an entry. Once reversed can go till 65000.
Wait for reversal between 63900 & 63700
Will Bitcoin Go Down? Bitcoin Market Quick Update Will Bitcoin Go Down? Bitcoin Market Quick Update
Bearish Signal: As long as Bitcoin stays under $67,900, it’s likely not going to climb much.
Possible Drop: If #Bitcoin can't rise above $67,900 soon, we might see its price go down to somewhere between $45,000 and $50,000.
Keep an eye on $67,900. Plan your trades and consider stop-losses to manage risk.
Bitcoin Bybit chart analysis April 12Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
Analysis is very difficult.
It is a difficult section with many intersections.
Due to the index announcement yesterday, there is a $200 difference.
It's a pity that I missed the long entry position.
Nasdaq does not release indicators.
In the case of bits, the pattern is partially broken.
A 5-minute bar trend reversal has even occurred.
There is still the power to raise it to a signal level.
If there is a vertical decline in Tether dominance
Today's strategy can succeed
It is a position with a high possibility of sideways movement, and from breaking out of the light blue support line,
This is a position where a downward trend can be connected.
*Red finger movement path
Long position strategy
1. Chase buy at $70695.5 / stop loss when the green support line is broken
2. $72,232 long position 1st target -> Good 2nd target -> Great 3rd target
Upward rebound until section 1 at the bottom
From number 2 onwards, there is extreme horizontal coverage.
In case of departure from the light blue support line
Please check the support line in Bottom -> Section 3 at the bottom.
If you drag the analysis text up or down,
You can check the displayed price.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.
Thank you for your hard work this week.
thank you
BTC Prediction Until 21Apr2024
BITSTAMP:BTCUSD CRYPTO:BTCUSD BINANCE:BTCUSD COINBASE:BTCUSD GEMINI:BTCUSD BITFINEX:BTCUSD BITFINEX:BTCUSD FOREXCOM:BTCUSD OANDA:BTCUSD SAXO:BTCUSD KRAKEN:BTCUSD BITTREX:BTCUSD BINANCE:BTCUSDT TIMEX:BTCUSD BYBIT:BTCUSDT GEMINI:BTCUSDT BYBIT:BTCUSDT BINANCEUS:BTCUSDT BINANCEUS:BTCUSDC TIMEX:BTCUSD
BTC Prediction Valid until 21Apr2024
We are surely in the downtrend on the basis of price activity which we have observed with BTC and here is my BTC Price analysis for this week this week BTC will rangebound in between 68,500 and 64,500 Price the shared price levels is only for the visual representation and not necessarily be accurate.
Key Levels
Initial Resistance - $67,000-$67500
Major Resistance- $68,000-$68,500
Support for this week-15Apr until 21Apr $64,000-$64,500
Major Support $63,000.
All the levels which i have shared are my own personal Price Level analysis and it is only informational and educational Purposes kindly do not take any financial Decision on the basis of my analysis and Do your own Analysis for any financial Decision and seek financial advisor help.
Thank You.
Neutral view on BTCUSDConsidering the global view in the market we can expect a retest from 62000 zone to go up further or if it breaks the 61000 zone we can expect a further fall till 54000. As of the view is Neutral.
