Bitcoin performed a liquidity grab to the upside (origin of dump) now its heading to grab lower liquidities. 25.1 to 24.7 could be the possible target
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- **4-Hour Chart Analysis**
- RSI is significantly oversold at 11.35, which usually suggests a price reversal might be imminent.
- The MACD line is under the signal line with a significant negative value, suggesting strong selling pressure.
- Prices are lower than the lower Bollinger band indicating that it is oversold.
- The immediate supports are at...
Bitcoin moved to 31.5 testing the high once again and having a very hard rejection making lotta traders to open shorts along the way.Now Its Time To Shake The Weak Shorters Out With Another Pump.
Bitcoin Bounced Back from key level and now is trying to move up. will it break 31K or the Sell Signals were the sign of reversal ? two new bearish patterns emerged too which could get invalidated today if we go above 31.4
Thanks for watching and buckleup for a move
Hi guys, let's review the current situation for BTCUSDT on 4 hour price chart.
My last idea worked out perfectly and BTC price finally tested 25250 support line which I indicated earlier. As I wrote before, I didn't believe that price will break that support and go much lower. Also, I indicated that after testing 25250 support line price likely will go back...
Bitcoin finally hit 25.3K very close to the Fibonacci golden picket which is 25.1 but I dont think the sell is over, We might see a touch at 24.8 before any meaninful upward move to maybe 27K.
Happy Thursday Traders & Investors
Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on:
Option A:
Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different...
Hello Everyone,
Straigth to the business,
Right now, we in High Uncertainty market conditions,
related to Macro economy optics for Future..
with Several Big events in upcoming day which could provide
more Clarity into where market would like to move
BUT as Right Now..
Price is Lower then it was when Peaked mid March..
In that Time, we was Held in few Week...
Bitcoin is forming a bear flag pattern right now, which indicates a potential continuation of the downtrend. However, there is also a strong support zone at the 25.1 Fibonacci retracement level which can bounce back up
If bitcoin can break above the flag resistance, it could rally to the 29K level, where there is a major down trend line that acted only as...
Bitcoin Went Down to 25.7 and bounced back up.These bounces usually have another leg down aiming to hit Longers StopLoss,If the SL hunt happens 25.1 could come.Otherwise we could retrace to ~26.3 then go to 28K supply zone( combined with our bold whiteline)
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Bitcoin Swept the lows yesterday and reached out target 26.8! I am not yet convinced that we are going lower WITHOUT sweeping the high ~28.8 ( our supply zone) so today with PPI data we could see the move coming.
SPX yet has to fill the upper gap, it could touch it today and that will get btc to our target as well then SPX could start bleeding till it gets to the...
Bitcoin touched 29K four times and we could tell big money is interested at that level because each time we touched that level big sell off happens.
I have incorporated Supply/Demand Into todays video . very interesting concept that has been playing out in the range that we are in (27.2-29k)
highly encourage you to watch this untill the end
Once we lose 26.8...
Bitcoin trying to breakout of 30K and goes into 31-32K.we could see a decoupling happeing between SPX and BTC.
If BTC loses 29K again then loses 26.8K we could say we are not going to 31K if not there is a slight possibility for us to reach there before a major move to the downside.
SPX at a key support level as same as NQ1
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Bitcoin Stopped at our pink trend line holding the bullish trend (27671).
it could bounce here to fill the FVG or it could consolidate and drop again to 24.8 on NY market open
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I have also shown a new tool.
Losing 24.8K could result in a capitulation.
Thank for watching
As we can see on the 4h chart a down spike that overshot the upper bollinger band has been followed by a deep correction which failed to reach the upper bollinger band.
A second sell off is expected to test the low of the spike and/or the lower bollinger band.
A conservative and safe target could be the level of structure along the way which has been shown by...
As we can see BTCUSDT on 4h timeframe has formed head and shoulders pattern with an impulsive break of its neckline.
A retest of the neckline and the structure level shown can be expected before a second leg down.
The target has been indicated via the arrow and dotted line.
BTC broke out of the accumulation and showed an aggressive way up. This was to be expected.
Now I see three scenarios:
1. A further compression and reaching the range of 32-34 thousands, from which the sales can go and put BTC into accumulation, gain strength and continue moving up with the targets ~$40k.
2. A retest of the breakout level, where BTC showed...
