Key highlights: 💡⚡
📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level.
📈 since last few months script was in consolidation zone as highlighted in chart.
📈 script may give breakout of descending triangle in next few trading sessions.
📈 into that first target or we can say resistance can be around 25375 level and second...
BTC is ranged and just completed its short downtrend in the range of 24248.29 and 18475.74. And now we can see a short uptrend towards 24248. And rsi is also showing bullish divergence. Our main resistance and support levels are 20783.57 and 23195.31.
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower...
Dont Trade BTC until it's trading in this zone mentioned. It's a weekly range, if you try to do intraday trade here in the range, you will have high chances to get stop out.
#BTCUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
BTC is still in bearish structure on 1H, on daily it is in the range between 20117 to 18125 and showing bullish signals in weekly, so we can expect a lil down movement to below till 18125
Btc long from that support and the wicks indicates reversal of price action
Every trade is a battle and winning battles requires preparation. And since uncertainty is the only thing that’s certain about the markets, you should learn to identify the possible scenarios and prepare contingencies for them.
Having plans for every likely scenario increases your chances...
BTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately.
With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now.
I'm slightly bullish, at least in the short term as long...
#BTCUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
Nanbas #BTC 1h TF la moving in a falling channel, facing rejection near the upper trendline where the 50EMA (yellow line) also lies.. Breakout from here might push the price to $19700. But today TA perfect ah playout aagadhu due to FOMC. Please Be Careful👀
BTCUSDT "Ascending Triangle" Breakout
The above chart of BTCUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level ,...
After a long long time we are getting close to the end of the bear market and trying to show some movement, but personally I believe that we need more time and first, we need to break 32k, but if the time of accumulation becomes longer, approximately around Feb 2023 the price should be around 25000 dollars and there is the breaking point for me. In this situation...
#BTCUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
The liquidated amount in just the last 24 hrs was around $65 billion.
Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range.
The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency in the market. Though the reason for the fall remains unknown, investors are petrified even at the...
