The pattern is set, waiting to break out. But this will not be happening soon.
Trading volume and movement are likely to continue being low. On the economic calendar, there is not much worth mentioning.
In my opinion, BTC will stay in this range for a while, or maybe the same as yesterday, at 16k9. Nothing changed with BTC. Still, the price structure points...
While my swing trade short idea in Bitcoin has not reached its break even stop since I suggested the adjustment, I have suggested that people in the position close it at market (16,850 area at the time). While the profit (approx +755) was not able to justify the risk, it is better to mitigate risk rather than hope for big wins in this environment. In other words,...
trend line in solid white that needs to hodl for price to reverse to the upside
If this structure breaks down and it is no longer a higher low price may continue downward within the channel
Hopes
The Trimmed Mean PCE inflation stable
See the reverse of Bitcoin🟠and the Trimmed Mean PCE⚫️inflation rate👀
Do we see the next Top in PCE and a following #bullish momentum for BTC dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do your own research before...
Bitcoin short-term update
(a) BTC still in the range between $16,530 - $16,960
(b) bearish if we break below
(c) bullish if we break above
That simple - don't expect that during Christmas dear Crypto Nation
Have a great time🤗😎🎅
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do...
According to the chart, the important downward support area has been broken in the 3-day time frame, and if we lose the support area, we expect a fall. Otherwise, to reverse the upward trend, it is necessary to break the upward trend line.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin short-term update
(a) BTC with a short break below $16,530 but back at FIB golden pocket again
(b) bullish if we break the resistance cloud (trendline + SMA + EMA + $16,960) will be hard to achieve IMO
(c) bearish at lower lows
Have a great Day dear Crypto Nation
Let me know your thoughts in the comments🤗
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According to the chart, if the support zone is broken, we will have more fall in the next hour, and otherwise, an increasing trend will be formed.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin (BTCUSD) on the 1D time-frame is consolidating while the RSI just bounced on its Higher Lows trend-line that started after the FTX crash (November 09). This is as tight as it can get in terms of a Support as throughout the whole year, when the RSI broke below its Higher Lows, the price dropped aggressively (red zones).
Right now we are on a hold or break...
Our priority scenario in Bitcoin is the rise in wave b to $17300-17500. It is very important how the movement will develop at these levels. In case of growth above $17,500, our markup will change.
Indeed Bitcoin (BTCUSD) is far from being at its best shape as not onlt was it rejected last week on the 2D MA50 (blue trend-line) but the RSI did so also on a Resistance Zone holding since last March.
The pattern since the June low is a Falling Wedge and that won't seen to be able to break to the upside unless the price breaks above the 1D MA200 (red trend-line)...
NASDAQ100 equal Bitcoin equal NASDAQ equal BTC 👀👀
Both assets at the important FIB golden pocket on the 12 hourly chart🚨
Will we see a support rejection soon dear Crypto Nation❓
Give ♥️ if you ♥️
Let me know your thoughts in the comments🤗
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Disclaimer:
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Bitcoin and the $16,500 mark👀
Not only an important price level on my current short-term charts I share with you
Look at the BTC reaction 2 YEARS ago👀🚨
A daily close above the yellow wick limit line would excite me - you to dear Crypto Nation❓
Let me know your thoughts in the comments🤗
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This is a BTC shorting opportunity with target at 6700/6800.
Reasons that I follow:
1) 3M macd negative crossover and stochastic negative crossover heading is pointing towards a large range sideways move.
2) 1M macd negative is below signal line and below xero line. Stochastics in oversold zone.
3) 1w macd in negative territory does not reap any bullish signs...
Bitcoin short-term update
(a) BTC with perfect touch of mentioned $16,530 volume support‼️👀
(b) further bearish break target at $15,800 - $15,460
(c) first bullish signal would be breaking $16,960 again
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial...
This is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon.
Initially a few weeks of volatility takes place but the process already kicks...
In the previous analysis of Bitcoin, we mentioned the channel that today the channel's support for the data went and updated the support ranges.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Given the chart in the 4 -hour frame time, the price is on the upward channel, which, if preserved, we expect to climb the channel after colliding. If the floor of the channel breaks, the loss to the specified area is not unexpected.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
