#Bitcoin dumped hard as it unable to hodl above the major support zone and now turned resistance. Currently, price dipping back to the next strong support level of $38,000. Most probably this support gonna hodl. If price given a close below candle then we can see a drop till $37,500.or below.
We found a symmetrical triangle in 4-hour time frame, it may either...
here you can see perfect entry short..
ideally the target would have been below the short term lows but it never traded below it...so its always a good practice to book profits at 50%
#BTC again trying to gain some momentum for a breakout. If might gonna break to the upside but more likely momentum is strongly down at the moment. Price respecting the $37,000 mark. We can see #BTC in a range, of there's less volume in the market.
The daily chart structure looks strong to me an impulse wave could take it to the range highs at least. Provided geopolitical situation don't escalate further.
It is formed when the downtrend price move is going to reverse. When the LOWS of the price and oscillator are not in sync. However, this is not a non-trending market, so I would wait for a strong reverse signal before any longs
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (38504.76).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Bitcoin is rejected from the $39,400 resistance multiple times. Bitcoin also breaks the support of $38,000 and now trading below it. This is not a good sign for the market. BTC needs to reclaim these levels as soon as possible. The global markets are tanking again and we will have high volatility today. Keep tight stop loss in all open trades.
$BTC 4 Hour pattern looks interesting
- Most likely BTC would bounce after hitting $37.5 K range
- Else there is some support at ~$36K and then ~$34.8k
I'm going to long with a stop loss if $BTC is going to break the resistance at $38.8K range, the next resistance is at ~$41K range. A potential long opportunity between $39K and $41K
#bitcoin #crypto.
As a result of Russia’s war with Ukraine, the global economy, especially digital currencies, is affected. Especially Bitcoin, a clear drop in the price, but Bitcoin is very strong. It should remain in the wallet. Do not worry this week, the price will start to rise as it is in the graph.
Already taken out Liquidity above range High now approaching Range low Liquidity and looking for FVG box to be filled (already predicted the whole drop on my yt)
