The price touched the important area and it can continue or come back to up. After this price 19000$ is important for BTC. But there is divergence and usdt dominance chart is in the top of the channel. I think we will have fluctuation in this area so should be careful.
Expecting a formation of head and shoulder on btcusd to RR of 1:11 to support previous chat!
Bitcoin Intraday - We look to Sell a break of 28785 (stop at 29436) Primary trend remains bearish. A break of bespoke support at 28800, will open an aggressive bearish move. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 27207 and 26807 Resistance: 30000 / 31000 /...
a sell of btcusd to 28700 before market correct iself. RR: 1:3.54
BTCUSD has aligned nicely with an up parabola plotted This also nicely aligns nicely with a Fibonacci circle bottom that can be plotted BTC is ending its downward trend phase Further evidence for a bottom above
BTCUSD is making its way downtrend as it shows a sign of strength as it breaks the 30740 area of weekly support that has been respected multiple times. However, this bearish strength will want the sellers have the power to pull it more as it breaks the weekly support. A retracement along 23975 will be possible and will wait as it make a decision along that area of...
As we all have noticed, recently, BTC is strongly correlated with the stock market, and considering this correlation a true one, one may wonder if the recent divergence is of any relevance? What I mean by this is that looking at the Nas100 chart above we can see that recently, although Nas has made a new low, this was not followed by BTC. Considering that I...
BTC has a bearish outlook Support 1 - 20,048.08 Support 2 - 14,328.05
Bitcoin is looking sweet. After finishing the 4th wave the clear skies are ahead of us..
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Welcome guys to this 3 hours update on BTC. BTC is trying to push towards the upper trendline breaking the 21 MA resistance. But the real challenge is the $30k resistance. BTC must break above this level as we reach close to the weekly closing. In case BTC breaks below the lower trendline (the support) then things may get into some trouble. So, keep your eyes...
Just a nutty idea, loving how price reacts off this Pitchfork, fun to dream hah.
This is just sketched based on Technical Analysis Indicators.
The 4 Hour chart is over bought. Momentum is dying and it looks like BTC will be on its way down soon. Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it. Small bounce expected once it hits #5. Entry Between: $30,791.00 - $29,414.00 Take Profit: TP 1 - $26,736.10 TP 2 - $25124.80 Stop...
BTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be...
Little idea update. After RSI formed a huge bottoming pattern on RSI in summer 2021 price retested this trend line in january 2022. This happened as in march 2020, BUT this time we had 2nd retest of a trend line on RSI - this looks bullish for me. Yes we could see some more volatility before going higher but i will not wait prices below 25k. I think this is...
Yesterday I said that BTC doesn't show any power to the upside, but, even if I'm bearish overall, let's be honest, bears are also dead and lack conviction. So, at this moment, I sit and wait with a clearlettingin my mind: 1. Bullish scenario: What I would like to see for opening a buy trade is a false break under the range's support (28.500) and a strong...