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BTC / Tether USD on BSC (0x5840B79d19c053a79923dF738a251426d8879308)

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BTCUSDT_5840B7 trade ideas

$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag. Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000 However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k. Stay cautious and keep an eye on these key levels! #Bitcoin #Crypto #TechnicalAnalysis
Long
by CryptoPatel
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count Greetings traders and investors, Current Analysis: The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000. Chart Analysis Recap: The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations. Pennant Breakdown: #BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant. Critical Breakdown: After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward. Elliott Wave Count: We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count. Upward Move: Expect a short-term pump towards $61,000 - $62,000. Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000. Support & Resistance Levels: Support: $51,000 / $42,000 Resistance: $62,000 Note: If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update. Like & share if you agree with my Analysis Trade safely,
Short
by CryptoPatel
Bitocin Update On 02.05.2024Bitcoin Update 02.05.2024 A.O.A and Good Morning to All Brothers and Sisters! As Forecast Yesterday Bitcoin Dropped and Supported by Exactly our Yellow And Blue Area. And Just Bounced Back From Blue Area. Till Now Bitcoin Has No Direction. But Try To Break The Yellow Area. And Last 4H candle Retest Now. Price Can Grow Up And Touch The 4H Resistance but This Will Be Just Retracement. Not Trend Reversal. But Trend Reversal is Not Considered till When Price Break the Diagonal Line(Arrow#5). Price Can Drop More And Touch our Second Reversal Point. According to This I Wait For Buy Trades on Alts. I Wish You All A Very Nice And Patience Day.
by MoonTradingForecast
1
Bitcoin Analysis on 01.05.2024Daily Bitcoin Analysis 01.05.2024 A.O.A And Good Morning to All Brothers and Sisters! As Forecast Yesterday. We Have Created a New Low On Price Yesterday. And That Makes A Bit Changes. We Have Now a New Diagonal Line and Today We look The Chart On Daily Time Frame. Reason Is Monthly Candle is Closed under The Area(64850). And That A Bearish Signal, Even Actuall Candle Reverse and Eat All Last Month Candle. On Chart You See Black area. Today's Candle Is Under That area And if Close Down Side Then We Have Another Bearish Confirmation. According to These All Signals We Have More Chances To Drop Down Then Reverse The Trend. Till 64000 Bitcoin Has Just Retracement. So Please Pay Attention On All You Buy Trades. Wish You All A Very Nice Day.
Short
by MoonTradingForecast
2
Bitvoin Update 30.04.2024Bitcoin Update 30.04.2024! A.O.A and Good Morning to All Brothers and Sisters! Yesterday Bitocin is Supported By Diagonal Line(Arrow#3). And Bounced Back. But Just Now Is Rejected By Important Resistance (64854). We Are Very Near To Yellow Lines Too. And If We Reverse The Trend from Here. We Need Just Some Force To Break Them. Same time If Bitcoin is Rejected by These Yello Lines. Next Reversal Point(54142) Is Secure. Now We Have To Focus Arrow#3&2. And Breakout Of These Two Line Will Give Us The Direction. Today Is Also FOMC and I think That Bring us A Huge Volatility. Please pay Attention To All Your Trades. Avoid to Open New Trades. And Wait Till We Have Closed At least Daily Candle Close. I Wish You All Very Nice Day.
by MoonTradingForecast
2
Bitcoin Update 29.04.2024A.O.A And Good Morning to All Brothers and Sisters! As Expected Yesterday Weekly Candle Closed Under Our Yellow Area. And On Monthly TF We Have Just 2 days. If Price Reverse From Here Then Price Can Bounce Back. But if Close under Yellow Area. Then Second Reversal Point Is Our Next Target. Updated Reversal Point now Is 54142. To Know Better on Daily TF. There is A Diagonal Line(Arrow#3). If Break down Side Then Price Drop. But If Supported Is Good Reversal Signal. Alts Still Not Sure To Open New Trades
Short
by MoonTradingForecast
2
BITCOIN Parabolic Projection for 2024-25 BullRun#BITCOIN Weekly Chart Analysis- As per CRYPTOCAP:BTC Weekly chart based Analysis of Parabolic Projections, already mentioned many times into previous posts, it is moving absolute perfectly and it will be into it's last Downtrend of Correction cycle around GETTEX:54K -52k upto May-June 2024. From July 2024 onwards, Bitcoin again Starts for their next Uptrend cycle of #BullRun and then it will be goes upto... Minimum $180k-$220k, and Maximum $250k-$280k Approx. So, Ready for Upcoming Bull Ride to create your best wealth... And, Always #DYOR, because it's #NFA and its our projections and analysis as per market charts, fundamental and technical analysis... Also, LIKE, FOLLOW, SHARE & COMMENT on it always...!!!
Long
by AskToRahulSirohi
1