The volatility of Bitcoin during the course of the weekend continued with a sudden drop to $33,500 which was immediately followed by a sharp recovery by a couple of thousand dollars. In the last 3 days; Swings at decisively overcoming the $40,000 (Neckline and Key level) barrier proved abortive as every attempt was met with a vigorous rejection dipping further...
Following Bitcoin's Triple Rejection on the 1D MA200 (yellow trend-line) which is a negative sign, the price has formed a Triangle (blue pattern) that typically does when it consolidates. The question is what happens next? Well, on the short-term there are various indications that can be used for projections. ** 4H RSI Bullish Divergence ** From late April...
Morning Traders, I just remove my indicator to proved to you that you can trade only with “Price Action”, effective SR and Trend Lines. Next Support will be 34000$ if the price pass trough this level, then possible we will see continues drop of the price. 34000$ previously shows strong support for the price but we will see what price will do. Next support is on...
at the request of several traders ... starting this week I will also analyze BTCUSD THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see the very strong support that formed on the 1 week chart coincides with the Fibonacci 0.5 level formed on the 1 month chart! If May closes below 0.5 Fibonacci...
I'm expecting BTCUSD to Bounce and back to the price level around 40K to 50K.
Profit Booking done @ 65k Then a 7 day range (45k-60) Downside breakout of 45k Tested 61.8% fib support :30k Range Probability : High ( 30-40k for many upcoming months) Ideal Level to Invest for Long Term : 20-30k , Split positions Fat Finger Probability = High ( HERD panic buying / 100k rumors / Tweets )
Morning Traders, After price drop around 2000$ then back up same distance. Right now, price struggle to pass 38000$, but we have 1 hours to close candlestick. Resistance set just above 3800$ - 38397.8$. Momentum currently is not stronger enough to pass resistance levels. Channels was broken to the upper side. There is TL protecting us against possibility of...
Will look for a long entry on lower timeframes after a possible trend shift in confluence with Double Bottom and a strong demand area. Comment down your opinions. Good luck to you! Don't forget to like and share, it really helps. Stay tuned. This is just an idea, not financial advice.
BTCUSD will going down 30k-31k for one more time, before grow up you have chance to buy from the lower. as my prediction before at march 2121 below. Good luck
Hello Traders, As we predicted, the price dropped like Thunderstorm by $ 13,000. That was incredible. It was worth waiting for this decline and if you knew where to open a short position you just make lot of money. Right now, price is struggling at the $ 36,000 level almost two hours to close the candle. Our limit of the swing limit is $ 31,410. Two hours remain...
Predicted a downward movement of BTCUSD. Here is the update.
Morning Traders, Latest “news” from Musk makes price bounce bask to 46000$. Bitcoin is extremely sensitive to rumors. Do not pay attention to that just do you Technical Analysis. You known how to do TA, right?? If look on H1 chart you will see at which point price will change directions. Now price is dropping along with strong momentum. Price must pass strong...
Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair depreciated to the 46222.05 level after trading as high as the 49808.28 level during the European session, with the interday high representing a test of the 38.2% retracement of the recent depreciating range from 51056.56 to 49136.93. Traders lifted BTC/USD from the 46490 area during...
Hello Traders, Price remain on strong S/R level 48000$. If the price smash that S/R level, then we should see price further dropping. To the upside we have TL. That if the price decided to go higher then breaking that line will indicating rise of the price, but significant size. On the previous analysis I had mark upper limit of swings 59124.4, that level was not...
Bitcoin create new trendline with Bearish pressure. It will raise soon create the Higher Low
Well Bitcoin closed April in red. Still the loss has been minimal for BTC standards, especially considering the wild bull run it has been on since last year. A few interesting facts: * That was the first red month since September 2020. * Sept 2020 was the last red month below the All Time High (ATH) of the previous Bull Cycle. * During the previous Bull Cycle...
i'm not want to hold this pair. Just play safe with small Risk.