I know it's a messy chart but lucky we have to focus on just a few things!
As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish.
For Bitcoin we have a few levels to watch closely.
First the key levels to watch if we...
Looking at the BTC/USDT 1H chart, we've mapped out some key price action.🔥
We can see a clear Bull Trap at the start of November following the FTX induced crypto crash. People thought Bitcoin was on the bounce back...📈
Until it wasn't. We saw a grind down in the days following the 1st relief rally. Which brings us to Bull Trap 2.
This relief move up played out...
Past Performance of Bitcoin
While BTC is stable in the last trading day, adding four percent as price action steadies after sharp losses. Presently, despite gains, the path of least resistance is southwards. Accordingly, buyers must prove their grit, rejecting lower lows for a defined shift in trend. The zone around $15.5k is proving to be a reliable support, per...
Bitcoin MARKET UPDATE
1: Bitcoin support levels - $16,300 and $16,000 strong Support (buyers available ).
2: Bitcoin resistance - $16,600 and $17,000 strong resistance (sellers available).
Market depends upon Bitcoin movement so we updated you. Trade with risk management.
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Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at...
It just hit me, should have saw this before but is what it is. Such a beautiful confluence of support right in here. GBTC also hit a trendline that marked the 3k and March 2020 bottom, I think this could be the sauce.
Looks like BTC is on its way down to the key support levels.
Please refer to the chart for the support levels that BTC price might descend to. The key areas are:
1. 14095
2. 12288
3. 10180 (I'm expecting a bounce from this level.)
4. 6825
Another thing to note is that the weekly RSI is already pretty low (30.61) so might see a bounce at around the current...
Bitcoin MARKET UPDATE BY
1: Bitcoin support levels - $15600 and $14800 strong Support (buyers position to buy Bitcoin ).
2: Bitcoin resistance - $16,000 and $16,600 strong resistance (sellers available to sell Bitcoin ).
BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy,...
What is Bitcoin?
Bitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The...
Bitcoin MARKET UPDATE
1: Bitcoin support levels - $15500 and $14800 strong Support (buyers position ).
2: Bitcoin resistance - $17200 and $16150 strong resistance (sellers position ).
Crypto trading depends upon Bitcoin movement so trade with risk management.
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Analysis -
As we can see on chart BTC touched 15493.68 and now trades at 15645....
BITCOIN is trading in a downtrend
has formed a Descending Triangle
But then made a bearish breakout
Which makes me locally bearish biased
And therefore I think that after the
Pullback and retest horizontal resistance at 16243.6 ,
we will see A further move down
Hello, everyone!
Last time I told you that the “triangle” which a lot of traders mentioned it their analytics is just the wave 4 which is represented as the ABCDE correction. The end point of the wave E I marked on the chart. The following dump was just the question of the time.
Current dump is the wave 5 and I suppose that the sub wave 3 of this wave have just...
Looking at the Bitcoin Weekly chart, we point out a few key ranges. 📊
The first being the astronomical money-printing fueled pump back in 2021.
This range is the backbone of why most, us included, are so bearish on Bitcoin and crypto in general. At least in the short term (we're bullish on crypto very long term).
Thanks to the FTX circus, we've just recently...
Past Performance of Bitcoin
Bitcoin prices are in a tight trade range, "spinning" a $700 range. Although this is positive, pointing to slowing bearish momentum, BTC bulls are still weak. Technically, unless there are sharp closes above $17.5k and $18.5k, every high offer entries for aggressive bears target $15.5k—or lower.
#Bitcoin Technical Analysis
From the...
Bitcoin MARKET UPDATE
Bitcoin support levels - $16,000 and $15,600 strong Support
(Buyers available at this position )
Bitcoin resistance - $16,600 and $17,000 strong resistance
(Sellers available at this position)
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Analysis -
BTC support is at $16,000 and next support is at $15,600. Resistance is at $16,600 and $17,000. Trade carefully...
As we see this triangle forming we have 2 clear targets.
We are going back up to approximately 18.5k
Or we are going to make a new low of approximately 15k
Very clear and simple. But wait for confirmation and enough volume.
Trade safe!
Hi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Ona 4-hr time frame, BTC has completed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Hello, everyone!
Last several days the Bitcoin is staying at the same place and I can see the contradictory in the analysis from the influencing traders. As usual after such huge crash a lot of bulls have been activated talking about the bottom at $15600. Wave theory and trading chaos tell us that it is not true. Total disappointment is about to happen next...
