Bitcoin short-term update
(a) BTC reached my mentioned target of $17,500
(b) bearish divergence on RSI🚨
(c) healthy consolidation to $17.190 likely IMO (meet SMA🟡EMA🔵🐻
(d) next bullish target $18,000🐂
Keep you updated dear Crypto Nation👀
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial...
Bitcoin (BTCUSD) broke above its 1W RSI Lower Highs trend-line that was holding since January 2021! As you realize this is a major bullish break-out on the long-term scale and as the price turned the 1D MA50 (blue trend-line) into a Support, it is staging a bull run.
However there are still significant Resistance levels ahead. The first is the Lower Highs...
In previous Bitcoin analysis, we mentioned the process that if the resistance range and the trend line are not broken, the process will continue. If these areas are broken, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin (BTCUSD) has closed a 1D candle and is now comfortably trading above its 1D MA50 (blue trend-line) for the first time in 2 months (since November 07 2022), turning it into a Support.
The pattern since the August 15 High is a Channel Down, within a Falling Wedge (since the June 18 2022 Low). Having lasted for almost 6 months, this can be viewed as a huge...
Our preferred scenario in BTC brought prices to the target that we have indicated in past reviews. The movement in wave (c) looks almost complete, growth may stop in the range of $17337-17513, and we’ll need to evaluate the behavior of Bitcoin at these levels in order to understand its further prospects.
3 Month Intervals, Log, Inverted. (inverting BTC can sometimes help avoid bias provide a different perspective on price. )
- Looking at this objectively (as possible), BTC looks like it has broken resistance at $17,200.
- RSI looks bearish with a 4 year divergence that has broken the 50 band across multiple exchanges.
- Expectation: Possible retest of $17,200 to...
Bictoin short-term update
(a) BTC with pump near volume resistance $16,960👀
(b) bullish if we break above - target $17,500🐂
(b) bearish if we lose SMA+EMA support - target $16,530🐻
Have a great Day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own...
Bitcoin (BTCUSD) has been practically flat since the early November FTX crash, which was a big blow fundamentally for the market. On the 1W time-frame, this is not the first time though we see similar RSI and MACD behavior. On this chart we compare Bitcoin's price action since the April 2021 High to the Bear Cycle of 2014/15.
** The true Cycle High **
As you...
After it failed to break the Fibo 38 level @ $17800, Bitcoin is testing Fibo 23 level @ $17000 and is preparing for a possible drop to $15000 and even $13000 levels, Signs of weakness appeared clearly especially on smaller time frames, where a reflective candle formed on the hourly chart, we still need to see how the daily candle will ends.
January of 2023 finds Bitcoin (BTCUSD) on an interesting place. There is a recurring pattern on every BTC Cycle in relation to the January after a Bear Market. As this 1W chart shows, every time Bitcoin is sitting within the MA350 (green trend-line) and Multiple 2 (blue trend-line), the market has already formed its Bottom and the price either consolidates or...
Hello!
On this chart you'll see that Bitcoin is coiling up in a bullish consolidation pattern called a SYMMETRICAL TRIANGLE.
Bitcoin LOVES Symmetrical Triangles. The LONGER they play out the STRONGER they are.
This one possibly has the power to sling Bitcoin to 100K.
Bitcoin has STRONG support in the 30K region and will likely be rejected by the 200 Daily...
Bitcoin🚨🚨🚨👀
Next trial to break above $16,960
THE mid-term volume profile level IMO
Fingers crossed dear BTC and Crypto Nation😎
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my...
Bitcoin short-term update
(a) BTC with a second Fakeout below $16,530
(b) bearish target still $15,800 if we lose above mentioned support
(c) bullish if we break above resistance channel + SMA + EMA🐂
Have a great Day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial...
First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone's goals be achieved!
2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on this 12M (12 month) time-frame, Bitcoin...
Hello Community,
the year 2022 has finished and the start of 2023 has been initiated. The year 2022 was a year of extremely volatile market conditions showing the results of a longer series of economic events like fallouts in supply chains and partial sectors on the verge of a completely new way of overthinking their place in the economy causing the financial...
This is our last Bitcoin (BTCUSD) chart for 2022 and brings together the CN10Y (purple line), the U.S. Dollar Index (green trend-line) and the LTCBTC pair (orange trend-line). We've mentioned countless times in the past the importance of the DXY on Bitcoin and the strong effect that Litecoin (LTC) has as a leading indicator. Recently we've also made cases of the...
$16,960 and $16,530🚨🚨
THAT are THE nearest mid-term volume profile levels to watch out for dear Bitcoin and Crypto Nation
That simple - that clear‼️
If we fall below further huge BTC discount might come into play💸
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research...
