btc is continously trying to hold th range of 19.7-20k as lower support and 20350-20400 as imeediate support for push todarwds first resistance 20800 . So if btc succeeds in staying above 20800 then we might se 21300 , 21800 , 22500 , 22800 with local resistance at each. So btc much be above 20400 for now . , else if goes down shouldpull back froom 19.7-19.5k range
The above chart of Bitcoin (BTCUSDT) laid out a Cup and Handle pattern (Bullish Pattern) . In a Cup and Handle pattern, the price movement forms a U-shaped Cup and then a subsequent price drift downwards forms a handle.
This pattern in general is characteristic of a Bullish trend. If the price breakout and moves towards the uptrend, the bullish pattern is...
AS we in recent days market is start pumping again but it is hard to accept market will came to retest it's levels which is around $23000 so its time to either hedge your long position or take fresh showrt position
I know ,I may be sound stupid to you but I feel bitcoin bottom is still due. I think bitcoin will fall down in five legs after $29.3k to a new low around $10.7k.
This week, the popularity of the crypto market has increased, and the market has broken through with the trend, and the trend is expected to remain.
BTC’s daily breakout and step back verification trend extended to the weekly line, and finally it successfully stopped falling and completed another breakthrough. The daily line returns to the upward trend, and there...
Bitcoin Trading range for near future is between 19200 to 23400 USDT
if BTC break 19200 level then it goes up to 17500 and bellow. and if rise and break 23400 resistance level then it test new high in august around 25000 and 26000.
this idea is not for day trader. a long term game,
At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea.
Altcoins:
Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations...
If the history repeats itself we are in for another big fall in BITCOIN . When BTC came down to it's major support zone , it consolidated and made a Bearish Flag 1.
Once the breakdown happened, it fell almost as much as the pole of Flag 1 and made a low of approximately 17500.
I have drawn 4 blue lines (Support 1-4) - all supports taken from the weekly chart...
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
![BTCUSDT: [ CRYPTO ] BTCUSDT SHORT BET](https://s3.tradingview.com/y/Y25hjtPO_mid.png "[ CRYPTO ] BTCUSDT SHORT BET")
