If it breakdowns we can have nice trade downside but be cautions for down side.
Wait for a proper candle close and prefer a restest.
Also, It can be a reversal from this level. Wait for a price action to form in shorter time frames and trade accordingly.
In the overall picture I think we just finished wave 1 of a larger wave 3 to the upside, which will lead us to new all time highs during this year (somewhere along the 30k USD range). As you can see from the fib retracement lines, wave 2 just hit the 0.618 range which points to a healthy correction before a larger explosive wave 3.
This is not financial advice,...
Hi Guys
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white...
if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ
we are already in the final first half of the bear market, and i think now we are in the seconde (last half)
the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the...
this is a small and fast update.
this a 2W timeframes.
Nothing much to say but a move will come sooner or later.
- Notice bounce on EMA50 2W TF.
- Notice BB getting thinner
Feel free to comments wisely
Stay Safe
Happy Tr4Ding !
BTC sepertinya di time frame Day masih ada harapan untuk recovery , ada support kecil yang memungkinkan unuk menahan penurunannya , semoga support ini bisa menjadi penolong terakhir kali untuk Bitcoin recovery
25k - 26K
D.Y.O.R
Your money, your profit, your loss. Good luck everyone :)
The Bitcoin Vix Cheet Sheet Indicator under community indicator says we are going down for 10 more candles on the weekly chart. Your thoughts and opinions are needed. Could this be true? That would mean Bitcoin could drop to $23,000. This indicator seems accurate.
this is what im seeing for bitcoin right now. i did a trias analysis and wanted to see if this matched.
I think this is needed sometime to be able to get to new ATH soon.
let me know if there is any tips or consideration for me to make this analysis better.
So it seems like its going to sweep out the lows first before sweeping out the highs so i want the price to break below that support level and then reclaim and retest that support level. I will enter on the retest and aim for the highs
Hi Guys,
This is a schematic view on mid/long term support/resistance zones in Bitcoin.
those two green circles are highly attractive zones, price might move in a pattern to touch them. so it might give you some hints about the timing analysis.
the yellow line on current zone is very important and make sure you won't ignore it.
for a better understanding, check...
In the hourly timeframe, the Bitcoin is showing correction signs for at least the next 12 hours:
1) Bullish Divergence
2) Bullish Inverted H&S
3) Strong Support at 29200
4) Many engulfing green candles starting from the support line
5) Buyers coming in and pushing the price up despite the big red candle at the left MA Cross (green dotted hairline, A big movement...
Hi Guys
We have possibly hit the bottom and here's an idea you may find very interesting that could predict a rough route Bitcoin could take to see new ATH's.
THE LONG ROAD AHEAD
First off the chart: KRAKEN; WEEKLY; BTC vs USDT. The red, yellow and green lines represent areas of support and resistance. The pink dotted line represents a 50% price point between...
This could be our ticket back to long Bitcoin positions.
(Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position).
BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for...
While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit.
Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is.
My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower...
Hello Traders,
As you see on the chart, Bitcoin is in the downtrend channel, and I think it will touch the channel's lower trendline, which is ~$23k (a bit above the 0.382 Fibonacci reversal level) until June 13.
Please hit the like button if you agree and share the chart.
Thanks.
because of :
1- FOMC meeting and increasing interest rate
2- bearish trend in 7 month
3- divegence in volume
I believe in a drop in price to AT LEAST 30k .
Bitcoin - Intraday - We look to Sell at 37488 (stop at 38202)
Daily signals are bearish.
We look for a temporary move higher.
Previous support at 37500 now becomes resistance.
20 4hour EMA is at 37600.
Our profit targets will be 35707 and 35107
Resistance: 36500 / 37500 / 38500
Support: 35500 / 35000 / 32950
We might see a bearish momentum for Bitcoin but how low we can go? Lets talk about Bitcoin on a 5DAY chart and think what can happen next!
Best regards,
