$BTC 1D closed with bullish engulfing as expected, but no sign of follow up from current 1D. Needs to breakout $17,097 to put follow through close today. As of now looking to test $16,750 support, $16,905 continues to resist, Requires to maintain current support to retest
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 20.
Bitcoin 4 hour chart.
Today's approximate Top...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 19.
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The past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick...
$BTC #BTC Given resistance range at $16,750-$16,905 in effect, resisted throughout the weekend. Last 1W closed very bearish as expected. Continue watching given support and resistance areas, must regain $17,301 to reattempt at $18,261.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 16.
Bitcoin 4 hour chart.
Today's approximate Top...
Look for occasional retest and confirmation, trade is simple
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An enlarged version of the daily line of the Fibonacci circle of the Bitcoin blueprint, a closer look at the position between the K-line and the circle, and an accurate grasp of the biggest ups and downs in each general direction. The core is to be able to buy at the lowest and sell at the lowest The highest, this picture has completely solved all this, the red...
Bitcoin is making a bearish setup by forming a bearish flag pattern in 15m/1h time frame.The flag will give a breakout soon.The 16570 level and the 16339 level are the support levels downward.Keep an eye to the intraday trade and take the right entry.
A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
$BTC #Bitcoin as expected visited $16,750 and broke below dropping to $16,526. Bearish engulfing followed thru on last 1D close as expected. Next supports to watch $16,155-$16,383. $16,750-$16,905 resistance will come in effect from here. Current 1W looking ugly awaiting close.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 15.
Bitcoin 4 hour chart.
Today's approximate top...
