BTC trading in ascending triangle with black box as the resistance.
BTC is showing the bearish momentum as it is on the supply zone with ENGULFING CONFIRMATION on H1 chart.
The target zone all depends on what BTC decides to do here, we can still correct lower to the $19.95k range, but means that the bounce will be higher. Wave 5 would be the 1.618 retrace of wave 4 which bring us to around $21.65k which imo there is a lot of liquidity to be tested there. RSI on the 1hr also is at lows, once it bounces and breaks the resistance trend...
#BTC DAILY UPDATE. #BTC has broken above the descending triangle but currently at the blue resistance box ,close above the blue box area could lead more rally and the orange box will be the next resistance for BTC on daily.
Hello Traders, frm last few weeks we are seeing significant drop in dollar index and overall global markets are immediately recovering. This is the perfect time to buy bitcoin, crypto market has already dumped 90-95% and i dont expect any major downfall frm here, if there was downfall to happen it must be happened 3 months ago bt btc sustained well and went in a...
BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first look at my previous analysis (linked below). 💥A quick long position can have a good chance of winning. between now and the yellow area, you can open a long position in two steps. If the price falls and reaches the TP1, you can risk-free the position. TP1-2-3-4-5 ---> Long position. The optimum stop-loss...
📌According to the previous analysis, it broke its trend line and reached the resistance of 20,770 to 20,500 (blue box) and had a return of 4%. 📍Now, according to the movement of the wave, we can experience an upward movement and follow the targets of 21886, 22800, 23582 and 25211 (green dashed lines). ❌Note that our main context trend is bearish
We will see BTC reach as low as tp1 at fibo 1 , then wave C = A The higher expectations in tp2 and tp3 will depend on how much % you close the order, but I will be methodical and have good psychology
According to my experience, BTCUSDT NEW TARGET1 is 25000.00---30000.00 Good luck
#BTC UPDATE. #BTC has created the double bottom at the blue box area and black line is the neckline (resistance) for btc .Any break above the neckline would lead to a gain of 4% from here,however the chances of pullback are as equal if btc unable to close above the neckline resistance
$BTC range to watch.. We need to clear this red zone, a tap above 21,073 will be great for more upside or else we can reject of this zone and retest the demand (green zone)! #Bitcoin #BTC
✅BTC: THE BUY DIP BEFORE THE 21K TARGET BTC did show some breakdown trends in the low time frame, but this means noting the real trend. BTC is still accumulating for the confirmation of the uptrend. and BTC has already confirmed the UPTREND. Wallets of whales at OKEX showing also a position building, as they did the same at previous the bull trend. Expecting...
This is based on pure speculation and is totally meaningless enjoy.
#BTC HOURLY UPDATE. #BTC is currently trading in falling broadening wedge which generally breaks to the upside with black box as the profit taking zone,so if btc breaks to the upside we need to ttake profits at the black box area .
So BTC broke to the upside and We currently in a Pull back. I Just decided to post My ideas about the market and some probable out Comes
If we break resistance at ~20950, we could see a move up as large as 10% up to resistance levels indicated at ~22300. Breaking lower than ~20300 would indicate a further move to the downside. 50sma crossing 200sma can indicate opportunity to swing up 5-10%, even in a relatively flat market.
Here is my view for BTCUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Market Cap USDT dominance is in now Support Area. We can see it in Eliott waves. we can expect bearish pattern. If it dumps we can expect Good times to btc and Other Alts. If it breaks we can expect it to fall( 4.35% - 3.75% area ) If it breaks , Next Suport Zone : (5.30%- 4.80%) Strong support line area : 3.75%