It's time to get weak hands out of the market. after three months of growth, it's pretty hard to spot an obvious short, but that's it. Setup and entry are quite simple. Distribution phase already started. Next decision zone is at 25k. 22.7k even. Until then
First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel. One thing to notice here is that Price did a fake-out on 10 March by making a LL and then...
BINANCE:BTCUSD Looking for a pullback to enter a short-term sell to the 25k possibly 22k level
Bitcoin - 24h expiry - We look to Sell a break of 27098 (stop at 27981) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Trading within a Bullish Channel formation. A break of the recent low at 27206 should result in a further move lower. A higher correction is...
Look at the reaction to the levels, everything seems possible and it can be pulled below 10000, the fundamental factors are created and found by themselves. This is just a pessimistic opinion and it might not happen at all.
Chart speaks for itself, should fall to the magenta line or below. This aligns with the backdrop of the FED attempting to suffocate the economy/free money flow with interest rates.
The pattern of two peaks is one of the strong patterns of technical analysis, with which I have previously analyzed for you, and we have seen results above 10% of it, and it is still being formed. Be careful with your purchases
that's my vision of most of the year Bitcoin will swing between this major trends
Hello to all my dear friends, I have done a bitcoin analysis for you. In this analysis, we want to take the sell of bitcoin, and our entry point will be $16,712, as well as the desired targets, $16,472, $16,097, and $15,591, the loss limit that we have determined. It is 16,788 dollars. Also, we will enter into this transaction with 50% of the original capital. ...
I analyze daily and weekly timeframe. Here are the list why bitcoin will go down: 1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal. 2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area. It is headed for the next support of 14k. If you...
As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as...
Hello, as title said, BTC need to reclaim 17600 that is the 3AC capitulation candle low, a close above with a nice Binance/FTX deal would bring some nice upward volatility. Better not short here, instead is better wait a possible news related to Binance/FTX drama deal. So you wait a reclaim of the line for a LONG or a retest as bearish breakdown for a...
bitcoin facing a solid moving average area on the weekly candles recommended to sell From 21.000 -21.200 and the target can be 19.000 or 18.600
BITCOIN (BTCUSD) – Cash: Bearish Fakey + Pin Bar Setup (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price formed a Bearish Fakey + Pin Bar Setup overnight (We suggested waiting for this setup in the Sep 21st, daily newsletter). Price...
I am Student and as per my BTCUSDT chart Analysis BTC will Short Dumping and
BITCOIN (BTCUSD) – Cash (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price formed a Bearish Pin Bar Signal just under the $25339 key resistance level, earlier this week. The Bearish Pin Bar Signal that had formed on Sunday, August 14th...
Hello traders, Hope you are having a spectacular weekend. Above is our analysis on BTCUSD. We are overall still bearish as we continue to believe that there is one more massive impulsive wave to the downside given that certain trading conditions and parameters are met. From 24.5k-26k we would be looking to short, that would be a risky entry since there would...
Hello Traders, Hope you are having an amazing week ! From a technical outlook we are expecting another wave to the downside for BTC to around $14k looking forward to see how this plays out ! God bless, ETGL TEAM <3