Btcusdidea
BTC bearish bat target $42,057Price action is attempting to form a bearish 🦇 on 2 hourly. Completion of this harmonic will be at $42,057, Invalidation of this will be $43,311. FOMC news had a very temporary effect on price action and afterwards we were bombarded with good news for future of crypto which pumped the market back up almost in an hr. Now we are back at R/S game. Bearish trend is still intact until we take over $46k on weekly.
BTC Deep Crab Target $41,877BTC is in process of developing bearish deep 🦀 harmonic, Completion of this will be at $41,877. We have bullish divergence of RSI and VWMACD on daily chart which if plays out then chances of hitting $41k are quite high. Now fundamentally, We have FOMC meeting tomorrow regarding interest rate hikes so we may see volatility today/tomorrow.
BTC can we breakout this time?BTC / USDT
Since the beginning of 2022 market was uncertain/chop with up and down movements
Also Bitcoin failed many times to break strong resistance around 45k-46k
=> Can we breakout this time ?
The bulls signs start to appear in market and in my chart possible scenarios :
1: the last fast correction before breakout
2: Direct breakout
=> Invalidation :
daily candle close below white trendline then this analysis will fail
=>Don’t forget to like this idea for more analysis
Always DYOR
Best of wishes
#BTCUSDT 4 Hour technical Analysis, Possibly a green week ahead?Welcome to this short update on Bitcoin.
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Let's get to the chart!
BTC broke below the triangle and pumped right back inside the channel.
See how crazy this PA is?
Anyways, $37k held.
Weekly closed at $37,770.
What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold.
USDT Dominance shows bearish indications which give us a possibility of a green week starting from today.
BTC bounced and got back inside the channel points towards the same possibility.
Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO.
I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market.
What do you think?
Do let me know and hit the like button.
Thank you
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BTC is making bullish DEEP CRAB!!!BTC is in the process of developing bullish deep crab harmonic on hourly. This is somehow in confluence to bullish butterfly harmonic from yesterday which completes at $35,707. So we can possibly see some bearish price action before a leg up. We have weekly closure in 12hours from now so further development in price action will be shared upon closing of candle.
Bitcoin- Strongly bearish under 42kIn my previous analysis, I said that is imperative for bulls to keep 40k intact, this didn't happen...
At this moment BtcUsd is trading around 38.500 and things are pretty clear from my point of view, Bitcoin has resumed its down move.
My strategy is to sell rallies around 40k with a target at 30k zone support and only BtcUsd above 42k would make me change my bearish opinion