If the price reaches the blue range, we can trade
1. Position with bigger stop loss and less risk
2. Position with smaller stops and more risk
⚠️⚠️ WARNING : This is not a signal for trading and you are responsible for using this analysis ⚠️⚠️
HIi crypto lovers today i will be talking about bitcoin if its still bullish or we may see any drop further soon. so if we check my chart we are at 46400 levels which is acting as resistance for now if daily or h4 close above 48800 we may see price hitting 60k usd again to form another cup & handle pattern before dropping but if we kept on ranging at this area we...
i am expecting same consolidation between 29k-40k for this month as we are holding on to a strong support and price likely to bounce from here but we closed below 29k this week next target would be 19k and if we continue to hold this support long entries here will be TP around 40-42k . also if we check some indicators RSI we can see divergence and stochs are at...
I wanted to show another view on some of the key indicators to make sense of the current market / Bitcoin weakness.
Bitcoin is just at the 0.618 fib. retracement level on the weekly from the mid-January 2021 lows. That level is very key to hold.
Also the 200 day moving average is just about in sight (about 6% or so downwards only).
This is THE make or break level....
Greeting from IRAN to whole trading community 💙✔
BITCOIN started an uptrend since early 2021 , and managed to achieve new ATH in 14th April
But after that we witness a massive SELL-OFF in BITCOIN which affected whole market
Uptrend has broken and price dropped under 50K
Bitcoin dominant dropped under 50% as well that was the lowest spot since 2018
After that BULLS...
Greeting from IRAN to all traders and investors ✔❤
It seems that BTC uptrend momentum is getting weaker
I think that the next touch of the ATH zone (about 61.000$) would make us a great SHORT opportunity
Do you think new ATH is on the way or we will saw a retracement move?
Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity BTC .
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write...
i believe that bitcoin will have a mini crash in the short/long term. i can prove this because bitcoin has crossed a pivot ring.
other tools that prove that bitcoin will drop: fib fan and fib retracement
Bitcoin is showing exactly the same downward pattern that we saw in the first part of the year ... It will certainly repeat the same feat, but now it may be a little worse as this will be the second downturn ... S & P500 turned its face down and Bitcoin is going after it!
This will be your last opportunity to buy Bitcoin cheaply, enjoy, after that we will start BullRun !!