Bitcoin (BTC/USD) continued to suffer from negative technical sentiment early in today’s Asian session as the pair continued to eye the psychologically-important 34000 figure. Bears pushed BTC/USD as low as the 34017.56 level after testing a downward price objective related to recent selling pressure around the 52100 and 48574.70 levels. Stops were recently...
BTC going on an A-B-C correction which is very common after a good 5 wave impulse
Blue 5 wave Elliot wave from 2017 to 2021
ABC corrective wave in RED
Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE
Wave C has two more waves to go sub wave (4) and sub wave (5)
I believe there will be a more complex...
Hi fellow traders, BTCUSD is almost finishing what appears to be an expanding flat pattern. Look for buy opportunities anywhere within the blue box and stay patient for now. Goodluck!
Here is my view for BTCUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This looks like a reasonable support for an ascending channel and I wouldn't be surprised if price is manipulated to the downside on more time to give people the impression that it's all over. What the market makers choose to do now is largely dependant on whether there's more positions to liquidate either to the upside or the downside. For now it definitely looks...
Looking at this 4hr chart it's clear to me that Bitcoin is at a critical level.
If we have more downside we should find some support around $34,000.
If that does not hold then my next level to watch would be just below $30,000.
If $30,000 doesn't hold, I would look to around $20,000 next. I remember that there is a CME gap around $9,000,
but I've been running...
Bitcoin is channeling, possible buy opportunity due to a strong support level.
Targets:
TP1-47260.3
TP2-52214.4
TP3-59409.8
Use proper risk management
Risky trade!
Bitcoin (BTC/USD) extended its recent weakness early in today’s Asian session as the pair continued to orbit the 42051.61 level, an area that represents the 50% retracement of the appreciating range from 39650 to 44453.22. Additional downside retracement areas in this appreciating range include the 41484, 40703, and 40677 levels. Traders recently sold BTC/USD...
In yesterday's post I said that I closed my short trades and, although I'm not very bullish on the medium term, I expect a relief rally from Bitcoin and the crypto market in general.
After another dip under 42k, bitcoin found bids again and now is facing 42500 short-term resistance.
Bulls seem to have found themselves and I expect a break here.
The target can be...
Here is my view for BTCUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is the Logarithmic Channel for BTC. We are closer to the bottom of the channel. We can drop to ~30k to grind the absolute bottom, but I cannot see that last for long. Any investing taking place around these prices should be considered a safe investment for long term. The upward potential is massive and any dips in price from here should be treated as buy...
In my previous analysis, I said that I don't believe that the correction will have the power to reach 46k, and looks like I'm right, with Bitcoin breaking under what should have been support at 42500.
Bulls are very, very weak and I expect to see 40k figure soon
The real problem now is not if it will go there, but what will happen if it does.
In my opinion, it...
As I said yesterday, my bullishness in the case of Bitcoin has started to fade with the price seeming to not have enough power to reach 46k resistance at this moment.
At the time of writing BtcUsd is trading at 42700, sitting exactly on the interim horizontal support
A break under this support can lead to further losses and a retest on 40k
I'm bearish and I'm...
Welcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 49500k or even above
BTC is forming 1 hour cup and handle pattern and triangle pattern is...
#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #BTCUSD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
