I was bullish Bitcoin and expected it to rise towards 46k resistance.
My bullishness, however, has started to diminish with the price hovering around 42500 support and bulls looking very weak
The last attempt to rise above 44k was met with selling pressure giving us a lower high in rapport with the previous 45k
As I said, 42500 is support and fail from bulls to...
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!
BTC has been trading in this range for more than a year now. It is still looking for that final wave 5 impulse move. However, the wave 4 correction is not complete and breaking down from here opens up the possibility of going down to 30K where it will find strong support. If you're in too deep, you should unwind you positions to a comfortable as we start to move...
Trading Signal:
There is a Trading Signal to Sell in BTCUSDT Bitcoin
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 42965.00
⭕️SL: Close below 43540.00
🔵TP1 @ 41275.00
🔵TP2 @ 39838.00
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Situation is not very clear but still im in favour of long now I see some significant inflows to exchnages so someone will be selling good chunk of BTC now around 6000BTC
its still less as 2 days ago outflow at 24000 so I expect some down move to 40770 which is support and last fib uptrend line from recent uptrend
if you really want as last chance we can try 39650...
As I said yesterday, although we are in a downtrend since November's top, at this moment Bitcoin can take a pause and correct some of the drop.
Also, I've mentioned 42500 as a support zone and that the cryptocurrency needs to stay above this zone in order to maintain this scenario intact.
At this moment we are exactly in this support and there is a high...
#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 1 Hour and analyzed it then I see that this chart has made a ASCENDING CHANNEL PATTERN, So I hope #BTCUDT will go downside,
If the market does not break support & resistance line then the market will go up.
Now Nice opportunity for short& long..
If you have any query then...
Although I'm holding a buy position at this moment on BtcUsd, one thing is clear in my mind, I speculate on a correction to the overall trend, which is down.
Yesterday, as expected, Bitcoin has broken above 42500 resistance and looks like it wants to challenge 46k important one.
As long as 42500 is intact I will maintain my bullish bias and speculators can...
Well some chart here some chart there , the risk reward looks pretty good to hit it so lets see how it pans out!
and on TODAY's NEWS
FED'S POWELL: STABLECOINS COULD CO-EXIST WITH A CENTRAL BANK DIGITAL CURRENCY that's bullish for crypto and also I think there is plenty of volume..
btc/usdt is in a very sensitive place or corrects to lower support levels. It moves to the next ceiling, which can be a cow trap, and then falls again.
BTC may rise to $45,521, but this is just a normal Pull-back, and again we are still in a strong down-trend and can drop further more to $36,400 or even lower in coming weeks.
BTCUSD might just ended 5th Elliot wave and broke old resistance trendline.
Is this downtrend is over? If the price won't go under the trendline, some upside action might happen with C counter trend wave.
Hello Traders , Welcome to this analysis, we are looking at the BTCUSD, the 1-hour timeframe.
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Btcusdt making a Bearish Megaphone Pattern on 4 H timeframe .if it break down i am sure btc ll touch 36k in couple of hours
be care full
it is not a finacial advice
In yesterday's comment, I said that the selling pressure for Bitcoin evaporated and a relief rally could follow.
At this moment this scenario is more and more probable with the cryptocurrency breaking above the last range's resistance.
For continuation, bulls need the price above 43k and in this instance, the read is pretty clear to 46k strong resistance.
Bitcoin...
BTC Looks Strong Bearish.
Right Now Price is at Demand Zone. But This DZ is looking Weak Now.
Although Market did BOS to downside.
Below are also some Supply Zone that still need to Mitigated.
I mentioned 2 Directional Arrows Movement.
You can easily understand what's my point of view.
Please mentioned what you are thinking about this.
Thanks.
