As I mentioned before, in my opinion, 30k support will also fall. And if we look at the recent price action we can clearly see that bulls are very weak these days. That being said I expect a break under 30k support and bitcoin to fall to 20k important support. Sell rallies remains my strategy and only btcusd above 38k would change my opinion
BTC looks to be breaking out to the downside of this descending triangle. 1D close below the triangle should point this towards retest of the bottom of this channel for a short trade w/ target of ~28k, and potentially long entry to come back to retest 32.2. My potential trade idea of buying the bounce of the bottom of the channel with a retest target of ~32k for...
Still Bearish. My opinion Bitcoin is the best long term trade, I still wait buy on the lower and sell on the top. Keep on eye and don't miss the opportunity
it will bounce and tasting the EMAS and or 33732 USDT. lets see it will reject or broken the EMAS and resistance It also not touched the support area 2414
Keeping it simple. I’m still expecting a drop to sub 29-30 before a real bounce.
Hey Guys, I've tried to implement the Wyckoff Method on this 8 hours chart of BTC USD pair. Today's dip, 28K area, might as well be the "Spring" part of the method. Either way, whether it's spring or ST in phase B, I think we will hit 40K area once more in the upcoming days. And that hit will be decisive for us whether todays dip is spring or ST in phase B. If...
H&S forming and also death cross formed as daily. A collapse could be coming in-line with the global regulatory crackdowns. If 20k doesn't hold then the target should be 12k to 10.5k.
Bitcoin has recently been traded in a local triangle. The price of this triangle was broken yesterday and now I expect a clearer organization for trade. I now expect several scenarios: A) The price can go backwards, test the lower boundary of the triangle as resistance, and move lower towards the specified targets. B) The price can go back, start the pressure,...
BTCUSD Small Range Breakout - these are the targets for the break of the channel that is about to choke (Top line coming down to the low line) if we break out on the downside at least price to reach at least $31,561 and if we're breaking upwards expect at least $34,213 (These are my opinion and not financial advise, do your own research)
Yesterday I said that I expect a break under trend line support and BtcUsd has broken under... At this point the main crypto is facing horizontal support at 33k and also this support will fall in my opinion My medium-term outlook remains bearish and I expect 20k to be reached in the next months. Short term traders should look to sell rallies and 30k could be their target
For two weeks now, Bitcoin is consolidating, and although there is a small up trendline, the medium-term trend is down. I expect a break under this trendline and 25k could be a reasonable target for bears
BTCUSD TO $36,000 AND THAN ANOTHER DROP! - With amazing confluence I predict to see a support to $36,000 and a "Strong Resistance" at that level.
So many bitcoin analysts find themselves surprised at what BTC is doing. Apparently the old fractals from 2013 and 2017 aren't working any more, and now even the Wyckoff accumulation pattern seems to be failing us. What the hell BTC??? Well what if BTC changed its behavior at some point, I assume it must have been in 2018. The 2018 low was already very very...
Bitcoin, trapped bulls, will it bounce from Support?
As shown on the chart, Bitcoin is moving in an ascending triangle. Thankfully so far on a weekly timeframe, EMA 50 is support the price and lets hope it continues to do that for this week itself. It it Bitcoin manages to stays above Weekly EMA 50 then there is a good chance that it will retest 36K zone and might even break.
BINANCE:BTCUSDT The price is now close to the bottom of the triangle And we expect the price to be supported but if that Do not support and break the bottom of the triangle. Price in addition to falling Completes your double top template and after completing the template The price can be returned again