Bitcoin Follows Falling Wedge Pattern#Bitcoin 1day #TA at #KuCoin
As par my 4-5 days earlier chart, its perfectly moving on Falling Wedge Pattern and breaks their first lower cut-off point $21.5k and continues to be breaking towards second cut-off point of $19.5k - $18.5k soon.
While, BTC reached at $20k at present time of posting chart.... Lets see for another downfall soon..
Bitcoinmarkets
#Bitcoin - thoughts out loud #17 !!! IT IS IMPORTANT TO READ THE DESCRIPTION !!!
Good afternoon , dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
For the current period of time, I continue to look for opportunities to buy an asset cheaper.
As in the previous opinion, it was said that the range of 23000 - 23200 is a benchmark for further movement. As we can see, there is no professional activity. I expect purchases to resume around 19000 .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .
#Bitcoin
BTC Falling Wedge!BYBIT:BTCUSDT.P
BTC price action is at area of value. But could test lower levels of the zone.
Sitting in Falling Wedge with 68% chance for break to the upside.
Watching for possible fake out (breakdown and then reclaim) of 21.5K area for Long or Double Bottom.
Should BTC bearish retest the zone, possible target 18K.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTC/USD#bitcoin
impulse correction bitcoin is correcting to continue its rise to its highest levels since 2021
there will be several long-term buying opportunities
$21553
$20407
$19262
$17632
#bitcoin #btc #Cryptocurency #crypto #trading
it's important to note that the cryptocurrency market is highly volatile and subject to sudden price swings that can be difficult to predict. Therefore, it's important to approach any analysis of Bitcoin with caution and to keep in mind the risks involved in trading cryptocurrencies.
BTC Slow Bleeding Could End In A Catastrophic MoveBitcoin is slowly bleeding down and with todays news it could actually get volatile.
If we want to go lower before any retracement to the upside it could be all the way to 18.4 (big capitulation candle) or fill the gap (20400 to 20k) with a wick around 19.5 and bounce back up.
There is a big cluster of liquidation from 22.4 to 23.4 (near 8M) which shows a possible pullback there to grab those liquidation.
Bottom Line is Crash did not happen yet and is YET to happen.Longing is not recommended at all cause we could flood down.
DXY is looking very strong as SPX losing power day after day.
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Bitcoin is under bullish divergence influence.Bitcoin - 24h expiry - We look to Buy a break of 22666 (stop at 22106)
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of the recent high at 22606 should result in a further move higher.
Bullish divergence is expected to support prices.
Our profit targets will be 24066 and 24366
Resistance: 22150 / 22400 / 22606
Support: 21800 / 21500 / 21352
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BTC 1h✔️BTC BULLISH trend Just got started it might even lead to new high 📈📈📈
22800
23000
26000
26500
these prices might get touched in future days
follow to stay tune for UPDATES !!!🐂❤️
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Bitcoin nothing to worry about.Path to 80kBitcoin is still on its way to 50k and then 80k. However 25k proves to be a very strong resistance mark due to the 200EMA in the weekly being located there causing an inevitable correction on the lower time frame. Until we are able to break we will be correcting. For the meantime 19-20k seems like a reasonable target If it doesnt go up from here soon.
I am sharing these ideas so my member can see. I don't explain much in here.
Bitcoin daily chart explainedSo, After Mr Powells speech of doom and Gloom, Bitcoin lost around -3.3%
PA wicked down to the 200EMA and bounced off that.
It is important for PA to remain above this level as it is also the neckline of the FTX Crash recovery. Dropping back into that area would not help Sentiment. this also happens to be the 382 fib retracement line. Usually acts as support.
RSI is low as is MACD and the signal line is approaching 0 so we may see a turn of trend soon.
there is little doubt that FED unsettled the markets yesterday but it was not a huge crash so we look ahead to today and see what they do next
DXY is going to be interesting
BTC 1h✔️update 2 !!!! still going according to the plan
It's all depends on where this range gonna break either 22k or 22.7k then we can say trend is bullish or bearish !
bitcoin possibly is going to go for a up trend range and then a Bearish path to 20990 .
how ever now we touched the s3 and comeback to 23k is still possible but weekly is going for 19.6k
BINANCE:BTCUSDT















