BTCUSD BITCOIN Chart after it was given a sharp move towards downside, Price making good chart with support and resistance trendline.
IF IT'S BREAK ANY SIDE WE CAN SEE GOOD MOVEMENT.
AS WE SEE DOWNSIDE CHART GIVE GOOD SUPPORT BECAUSE WE CAN SEE WICK IS VERY HIGH NEAR SUPPORT AREA SO IF IT'S BREAK DOWN SIDE SO WE CAN SEE SHARP FALL AGAIN BUT IF IT'S BREAK UPSIDE...
BTC was rejected at the 0.5 Fibonacci resistance area around $34337, and now wants to try to reach the 0.618 area, be careful bitcoin will experience a big decline first, after which it will continue the bull run cycle until the end of the year
For period of next 1 or 2 days, the Bitcoin price price will be sideways.
Daily trend shows no trade zone.
Recent pump volume subsides.
Either, we continue to break 35k, to play the W pattern towards 38k.
We continue downtrend towards 32k.
we can also see these area are confluence with Fibonacci level of recent high and low.
If either of this pattern...
This is not a financial advice, do your own research please. The BTC/USDT chart shows two inverted J pattern in previous circle. If the chart keeps up with the inverted and ascending scallop, then BTC should hit $44700. This same pattern can be found in the 30 minutes chart as well as on other time intervals.
You should DYOR before taking on trade.
$BTC price action has been bound between $40,000 and $34,000 for most of the last 28 days. The market structure seems clear for now although predicting anything about $BTC price is extremely tricky. It's a very volatile asset and has seen days when the price has ranged from $30,000 to $43,000 in a single day. In a sideways range bound market, there are always...
Bitcoin broke out of the W bottom yesterday, and is now retesting the neckline of the breakout at 36.5K. It's a bit bearish that price closed below this neckline, but we need to see if price can close above the 36.5K level. If price moves lower, we have the 61.8 Fib @ 35.6K
Just when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet.
Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle .
It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold...
Hello Dear Traders,
In last post we discussed weekly candle analysis. last 2 weeks been great for institutions they are continuously buying every dip. accoutering to Crypto quant, institutions bought btc in 48k-60k range since February. approx. 154k bitcoins flowed out frm coinbase to multiple cold wallets.
Soon we may see series of announcements frm companies...
Hey guys welcome for a fresh update on BTC
BTC can most likely be caught in consolidation for this week
After the Major Correction of 15 %
What we can see is that
the BTC is taking Support and facing Resistance
At the local Support and Resistance
In this idea I finally am confident that we are seeing this retrace. We completed our third ascending scallop and now we are falling. At this point what I expect is 3 descending scallops. Fall occurred last night at just after 10:00 PM CST I expect this to run in 24 hour cycles so give your portfolio that long to recover then make any decisions you need to. Best...
Hello trading friends,
We know that the most are on LONG - And some will ask Watchtrend why are you bear to the market? - that's the story: We follow the whale ETN tool as no1.
And we know it's only about time before bitcoin will recovery - the biggest rule into trading, there is noting that go only up with normally TA . a recovery should come, and whales...