BTC on the 4h timeframe broke down the rising wedge formation now holding at 200EMA at 23200 approx. Breaking down from this level will be considered further bearish continuation of the market.
#BTC/USD 🐻 A bearish scenario Weekly Fib time zone shows me that price can be at the top of the swing between 2.272 and 2.414 which is around the end of Aug. so I think price can make a top at the resistance zone around $27k. then start a downtrend and break down from the triangle or dump hard.
Currently holding a bearish position. BTC should test the bottom gap 19k-21k then rebound all the way to 28k flying through the 24-28 gap. First 24 to 21 then potentially 19. Potential dump tomorrow maybe, the sooner I can begin my master btc plan the better.
As highlighted, Bitcoin is being saved every time it starts to dive sub-20k and is desperate to keep above it. Once it fully breaks, I believe it will be hard to bring BTC back up before bears feast on the market. While I don't think its going to break out as soon as I predicted on the graph, I think it will greatly resemble it (with the current pattern of...
My outlook on BTC and where/when it will reach my estimate price targets.
I was looking for a pattern of percentages, drops, or increases. So now, according to the chart, BTC drops to 19k. If it wasn’t that precise, I would not post it. We have two drops of 50% below the green line of the indicator. We reached a 32% drop from the same indicator line on the third one. I would be inquisitive if this will get to 50%, which is19K. Of...
Well, probably some of u have been wondering why that bitcoin declining sharply. From the technical perspective, we can see that in weekly timeframe bitcoin had a big head and shoulder pattern since july 2021 till january 2022. In this pattern, it has resistance from the head and shoulder pattern around 40-44k that been tested and rejected. So, with that pattern...
I have been watching monthly, weekly , daily and lower timeframe charts of BTC past 10 days. Regardless of bearish analysis and all warning shots I posted and notices recently. I'm sure BTC has already bottomed or the bottom would be between 14-16K))): $BTC bottom won't be bellow 14K.
The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down. Important...
Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As its evident from the above mentioned chart that bears took charge and BTC fallen down from the 0.618 fib level after printing a bearish flag. BTC dumped almost 14% from the breakdown...
Interval: 4hrs Description: Once 24K resistance is broken we have 19K on the horizon. Bear scenario.
Hello, community members welcome to another USDT DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section As we can see in the above-mentioned chart USDT DOMINANCE broke the crucial resistance level and moved upside by 6.8%. Now it's heading towards the upper resistance level from USDT...
BTC looks primed for a move down to $32K over the next 2-3 days. That price level may provide a temporary relief bounce, but even then price action could just continue down. This would be a last chance price level before continuing down to my $18K-$20k near term bottom. Watch for a break of this bear flag on the lower time frames, which is just a smaller flag...
INDEX:BTCUSD We are reaching crucial Fib Points. If we continue past this Purple Fibonacci Channel then we are approaching Bear Territory. Past the Yellow Fib Channel $27K then we are officially in a Bear Market. THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY...
Bitcoin's (BTC) price had a sudden break below the $40,000 significant psychological level, but the sell-off was short-lived, and the decline was quickly reversed. Investors are now asking whether the dip below the round number was the ultimate bear trap. Bitcoin Bear Trap? In technical analysis, the bear trap occurs when the market sells-off traps traders in...
I believe $BTC could range anywhere from 37k to 40k by the end of April to early May. We could see Bitcoin retrace back down to between the 0.618 and 0.65 Fibonacci level, aka the golden pocket. Another potential area Bitcoin can come down to is the 0.786 fib channel level as $BTC has rejected the 0.5 fib channel and is now testing the 0.618 fib channel level. I...
Currently bearish on BTC on the 4hr chart. We can see the upper Bollinger band has broken, combined with a slightly overbought RSI. This is a strong bearish signal. However, there is a resistance zone defined, we recommend to take the short position from this resistance. Trade setup: entry: 43800 target 37732 Not financial advice.