We may see 1270000 again if breaks the support. Careful upside is very limit as resistance is strong and retested to further fall from here. Best buying may come next year Jan/Feb 2024.. Stay away from the bitcoin as per technical analysis. Upside break should be very fast as of now or it will reject and fall in coming weeks or months.
Do you think such a medium-term trade will work for BTCUSDT? Entry $29170 Stop $27999 (-4%) Take profit $32450-32750 (+18%) Potential profit/loss ratio = 4.5/1 The purple trend line since the beginning of the year is at $28350, stop at -1% below it in case of a squeeze. USDT dominance is in the middle of a multi-month consolidation. * USDT.D's upward...
Looking at this Daily BTC/USD Bitstamp chart from around Oct 2020 to 29th July 2023 (today) we can see a few obvious chart patterns that BTC is still in on this daily chart. 1) Ichimoku Y-Wave Pattern AKA a Broadening Wedge Pattern/Megaphone Pattern 2) Ascending Channel Pattern 3) Descending Channel Pattern 4) Rising Wedge Pattern We can clearly see the...
The BTCUSDT price has been consolidating in a narrow range of $30-31 thousand for 21 days. MM, which keeps the price in this range, has its own goals, which we can only guess at. We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI...
As you can see, Bitcoin price has been traded in consolidation for quite some time. Im using fib channel to ilustrate that picture, im not usualy using it to trade. The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish. But as long as we are in that channel the long...
Bitcoin has 2 main scenarios in play... Looking at the bigger picture there is still no reason to be bearish, price could easily go higher.. Bitcoin may pump to $35k, if it rejects I see $25.3k possible before a move up. . Or we could go lower to around 23k
The Bitcoin megatrend continues to look up to 40,000, and transactions in the small band have not stopped
BTC try to hold 50MA line. You also can monitor purple lines which based on friday candle high and low values. These are the areas that BTC might bounce. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities....
2h time frame - Bitcoin is creating a potential harmonic structure(butterfly) The reversed point is around 32185 to 32700. We might reach it in next two weeks. Stay prepared for it!
4h time frame - Bitcoin is correction currently, if go with ABC correction wave, we will meet the low around 25000 on 5/B And pump over 31k (even 35k) on 6/B Stay prepared for the next huge volatility.
3 day time frame - If history repeat (1) 30000->48000->18000->Bull run start (2) 30000->35000->18000->Bull run start
Bitcoin is now playing at the 287xx Support and 322xx Resistance trading range. This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement. 287xx was a support and now a resistance level. Long term view 2 Scenarios are possible for me. A.) We might have a sideways market for some days and...
Coin: BTC - Buy/Long Entry: 22898.31 Profit: 29875.21 (30.47%) Stop: 21502.54 (6.10%) I want to buy/long BTC here. Waiting for the entry point
BITCOIN UPDATE ACCORDING TO OUR ANALYSE BITCOIN IS GOING WHERE WE ANALYSE Friends, the advantage of waves is that you can use them on any time frame 🙆 ⠀ Patterns form in any market and any TF. You just need to decide where you feel most comfortable working. My thoughts below 👇 ⠀ 🔴 15min - 1H takes a lot of time and engagement, it's tiring and leads to...
Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting...
BTCUSD Short Term View is given Entry is on 24,853 SL is at 25,243 Target is at 23,865 This view is based on pure technical analysis and is for educational purpose only.
This could very likely be a scenario for mm's to push price up when lots are bearish currently to generate enough liquidity to for mm's to sell at these levels before dumping the market. I think its currently a beartrap and am longing one last time before the real dump. NFA