Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move...
Entry point: After the price closes outside of the pattern Intersection: Candles completely fill the channel of the figure without empty space Touches: The price touches the resistance and support lines, at least two times each Confirmation: The pattern is confirmed when the price closes outside one of the trendlines Breakout chance: 55% - Upward/45% -...
With Bitcoin getting some decent rejection at $17K, overall sentiment is looking quite bearish for the king of crypto, and crypto in general to be honest.📉 FTX shenanigans aside, Bitcoin showed weakness as Stocks pumped like crazy for the 1st time since 2020. 🥶 Looking at the BTC/USDT 1H chart, we've mapped out a short term range from $15-17K we can see Bitcoin...
Hello, everyone! Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us. The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural...
Welcome to this quick Update on BTC everyone. Let me get straight to the chart BTC broke below the pattern and we had a nasty weekly close. I expected $15300 to be tested but there was a short-term demand at $15800 and we saw a bounce. And after a couple of hours Elon Musk said something positive about BTC in his tweet. If you ask me, Up or Down? Well, I don't...
Past Performance of Bitcoin Bitcoin prices closed higher on November 15, slowing down bears. In the last 24 hours, the coin is up three percent versus the USDT. Even though traders are hopeful, there must be a clean close above November 9 highs, breaking above the current bear flag of early this week. All the same, the path of least resistance remains southwards,...
If we look at the chart, we can see that BTC Bitcoin was trading lower than its strong support of $17400 and there is not too much volume between $12k and $17K, so it will most likely test that support as well. . On the other hand, i think that by Christmas we will see other institutions or funds with exposure in FTX being margin called! People will leave...
BITCOIN MARKET UPDATE Pakistan Time: 06:28 AM 1: Bitcoin support levels - $16,300 and $15600 strong Support (is Ka Matlab yahan buyers hain). 2: Bitcoin resistance - $17200 and $18500 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin). ——————————————————————— Analysis - BTC Support is at $16,300 and strong support is at $15,600....
analysis was shared few days ago moving as expected and running 277 pipss profit
Bitcoin might see a slight upside to 18ks for liquidity or we see straight 14ks from here.. on a daily chart final price of bitcoin will be 12ks ... {DYOR}
Hello Traders, Farid here. I have been trading stocks since 2017 and later got into crypto. This is my first video analysis on Tradingview (hopefully not the last one), hope you enjoy watching my analysis. Please drop a comment in case you agree or disagree with my analysis and don't forget to hit the Boost button ) Good luck and trade smart! (not a...
BTCUSD intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
Hello traders and followers. With this chart i am taking a look at the monthly chart and come with a simple explanation on the price action. Evidently , we have been guided by extremely strong fundamental events, but the price action also has it's say in the way things turned out. When we check the monthly candles we can see that we have formed an engulfing...
Past Performance of Bitcoin Bitcoin prices are whipsawing at spot rates and BTC is still under pressure, per the performance in the daily chart. Even though prices are relatively higher, bouncing from the depths of last week, the coin is trading below $17.5k, and bears are dominant from a top-down perspective. Accordingly, traders may search for entries aligning...
Bitcoin CRYPTO MARKET Btc support: 15000 & 12500 Btc Resistance: 17500 & 22500 Bitcoin is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The price has also broken a support level and given a negative signal for the...
Hello, everyone! Yesterday my short setup started doing pretty well, but when I woke up the price immediately pumped and reached the entry level. Today I decided to close my short at the entry because now the Bitcoin is not forming the wave 5 according to the trading chaos approach. Moreover I missed the order block at $15800 and it’s understandable why price...
Hello, everyone! Today I am going to show you very interesting short trade setup becuase as I said in my previous analysis the dump is not over. Let’s go! Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. At $15500 the wave 3 have been ended and after the market showed us the wave 4 which was represented as the zigzag...
Here we can see the next moves for BTCUSD in HTF, we got our EP & our TP, Keep a close eye on BTCUSD in coming days, Happy pip hunting traders.