Bitcoin has NEVER closed a weekly candle below the 207 Week Simple Moving Average. From here you can figure out "The worse case scenario" if you need one. Good luck! BBS Out.
The RSI downtrend is in play but the range is getting thinner and soon the buyers will step in to make an attempt to break it and than re-test it. I don`t have the crystal ball but no trend lasts forever for sure. Expecting a volatile end of February and bullish beginning of March.
#BTC Trading in tight 30M range. While Price is hovering just above 3D Demand . There are some untapped POI above. For now ,trying to Play the range, Until there is a clear breakout. Biasness is short term bullish While price try to tap $42000. Dont expect a break out on weekend. It will be sideways while whales engineer liquidity. Looking of range lows and equal...
bitcoin on daily time frame has formed inverse head and shoulders pattern if btc breaks the neckline then technical target would be 54500 .#nfa
BTC could not manage its near-term and trendline resistance level of the $46000 price zone for several days. Several times BTC price tested its trendline resistance. But the market already broke and stabilized its strong trendline resistance a few days ago. So, technically it is supposed to up. It is just a matter of time after breaking above $46000 BTC will go...
The Price on BTC just broke the long-term downward trend. Another Bull run can be expected. ________ 🚀 Follow for daily posts 🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns. Disclaimer: This is not an investment advice
BTC - Bitcoin is playing between our symmetrical triangle which is most of the times a bearish pattern. Up to now bounced from the top of the triangle 2 times and we will have soon the 3rd try. Everytime that fails to break above is becoming weaker and that can cost us a retest at 33.5-34,5k $. Be patient and wait for a clear break! Is to risky to trade now...
With all bad news, stock market erasing months of gains in a day, bitcoin start bouncing. I expect we go to 40k, then visit lows again to form a possible double bottom.
seeing BTC price action I predict that yesterdays fakeout was last attempt to shake out long traders also this sell off was due to kazakhstan mining issues which will be temporary - they cant stay without internet forever so I strongly predict start of new bull run from today enter long at 42200 or right now but ideally I want few hours BTC trade above 42700 go...
BTC is on weekly support and try to reverse. Currently is on H4 support and have potential pump up to 3% at least.
5 times this month price has tested $49200. Not looking for a homerun. However, I want a little less than 338% retracement of the previous high relative to the 4 hour timeframe. My stop loss is $45400. Not Advice "It's not about being right as much as it about being smarter than your last trade."
After rejected from yesterdays pivot point, it was on the road to 42K this what we see on the 1H timeframe chart, may be a consoladition. However, if we look at shorter timeframe like 5minute timeframe we see yesterday price was rejected from S1 and came to retest todays pivot. Like i draw on the 1H chart we have an upward trendline. if it breaks we expect to fall...
i found reversal cup and handle complete in daily chart of Bitcoin if this happened price will down to $42300 - $45500 (0.5 - 0.18 Fib levels) strongly recommend to buy at this levels .
Bitcoin is still on it's way to $52K and it will likely get there in the next couple days because we've recently had a bearish corrective structure whic the market has just broken and now we could see a little pullback before the bears come in!!
BTCUSD I expect support line touch and bounce back up side move, If you tread sell then stop loss 67000 target 53000 and 49500.
As I drew the FIB we are (maybe) finding support on the 314ma and 0.236 FIB level. We shall se. The 45min chart has a way of "grabbing" the short term price action of Bitcoin. Can always look at a good amount of time if you have a nice monitor and strong GPU with the 45min. 314ma isn't shown here, but is right at 0.236 FIB.
#bitcoin ended the week with its highest weekly closing candle ever. The daily closed with a hammer. Today's candle triggered a new long. All of this on the heels of the ProShares bitcoin futures ETF, BITO, launching this week. The perfect storm to take BTC to new all-time highs. Always use a stop loss when trading.
#BTCUSDT $BTC is trading inside an ascending parallel channel, that possible to act as a flag pattern. so a break and close above upper line will take price to $60k in short term. but if price fall down and close below the lower line, the nearest support is around $51500.