I see this as a possible projection for Bitcoin's price action, however way it goes I reckon we will be heading down to 12k next.
I think we are getting a big ABC correction before continuing to hit $80K here is my analysis for next months peace :)
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Yesterday, we touched on the subject of people leveraging their positions in an attempt to catch Bitcoin’s bottom. We also expressed concerns about the current bounce in the cryptocurrency market being the usual “FOMO” (fear of missing out) among investors. Additionally, we noted that the tighter economy is here to stay, likely foreshadowing more trouble ahead....
Any sign of new weakness in the price resulting in candle closure below support lines created by the AR and SOW lines should validate this analysis and bring price further down. There was very low volume on the UT(Upthrust) to 16800 so Effort < Result
Close manual BTC trade and Book Profit we already took trade and now in profit time to close might be there is again dump expected on friday.
BTC TP'S TP1:13500 TP2:11000 TP3:9000 TP4:8000 TP5:7000 TP6:6000 TP7:5000 BINANCE:BTCUSDTPERP
ThAt first, this analysis is personal, and accordingly, I implement it in my personal portfolio, and any modification or correction I will immediately modify the idea in Trading View Bitcoin achieved a triple top as shown in the chart in front of you and it is repeating the same scenario currently. I hope it does so Based on the analysis, Bitcoin will currently...
Everything is clear, a predictable peak - expected bottom - a bounce from the first area 25000 25600 and happens to also have a price angle and confirmation signals already clarified without that I will not turn to any analysis until the break of the 18500✍️
Greetings to all, today's idea to go long from the lower boundary of the range after the signal SP + Test. After a spill and penetration of the previous support level, we see a narrowing of the spread and a gradual stop of the movement at the lower range, where support was formed. We can look for long entry points from the local minimums. If you liked the idea,...
The main target for BTCUSD is marked above. Until then I would not long any crypto assets for long term. In short term , possibly it will start before the end of this weekend, the price of BTC will drop significantly. Not financial advise, my view of the the market.
Hello dear friends The downward trend in these areas allows us to enter sales transactions
Looks like BTC is on its way down to the key support levels. Please refer to the chart for the support levels that BTC price might descend to. The key areas are: 1. 14095 2. 12288 3. 10180 (I'm expecting a bounce from this level.) 4. 6825 Another thing to note is that the weekly RSI is already pretty low (30.61) so might see a bounce at around the current...
Bitcoin showing some bearish signs that has me believing we have a pullback to $39K-$40K area to retest old resistance as support. Then shooting up to ATH and beyond. We broke out of triangle pattern upward on higher time frames 3 day and have yet to retest the support line even with that last drop. The support line if my pattern is correct would be that above...
There is still a bearish market in the break of the triangle pattern, and with a pullback to the second and third support levels, we expect more downside, but I am waiting for the next money to announce the continuation of the downside.
BITCOIN is trading in a downtrend has formed a Descending Triangle But then made a bearish breakout Which makes me locally bearish biased And therefore I think that after the Pullback and retest horizontal resistance at 16243.6 , we will see A further move down
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This is just my opinion about the current market. Not financial advice.