In this analysis you can see claerly price drop from its resitance level 48100$ and came back to its support of trend line now if price bounch than we see again in 46 to 47 level and than if break its strong resitance next targer is 50k and higher but some more thing for bears is if price break the trendline than we see a deep correction also we see bearish...
BTCUSDT has been following a rising wedge pattern with a broadening descending trinagle to hold the price consolidation in btc. At the vertex of the rising wedge, btc has formed has formed a bearish head and shoulder pattern in which the neckline has been broken making it vulnerable for downfall. The current price is at the support of the wedge, a little impulse...
Please support this idea with a LIKE👍 if you find it useful🥳 Right here on this chart is a very good confirmation to go long to $50,000. We have an ascending breakout and retest. The 4hour candle which is a bullish pin bar confirms a good setup to go long to $50,000. What do you think? Share your opinion in the comment section✍️ Follow me to receive more...
The current state of btc is crucial and a lot are probable at the moment. As indicated on chart, btc was rejected twice at 46.5k and ending up with a double top. In the event we see a breakdown in btc, the indicated support line should hold and a bounce back is probable which could give rise to an ascending channel (hidden fact for a continuation pattern to the...
Btc continues to follow the predictions on my previous chart which insinuates short term bullish and long term bearish. Yesterday, BTC broke out of the descending trendline analysed from the previous ATH and this clearly show sign of bulls in short term to the previous highs. Considering a break from the descending channel, does that insinuate a reversal trend...
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Btcusdt has been trading in a vivid falling wedge for a while but I'm skeptical on why a falling wedge should have a negative dent on cryptocurrencies as a whole. Right inside the wedge , I was able to identify a formation of descending channel leading us straight to the edge of the wedge . We could prolly see a breakout from the wedge or the descending channel...
Welcome back Traders, Investors, and Community! Hi Traders, BTCUSDT on H1 is in the Bearish channel, it seems that after the rejection from the lower band of the channel because of the pressure from the bears it couldn’t go much higher from the band, I think before reaching the upper band of the channel it will reverse and go down to 31685.0 and then 30115.0...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you...
BTCUSD Technical Analysis LEVELS OF SUPPORT AND RESISTANCE
From the classic point of view, it is true that there are many patterns of climbing in the chart, but seeing these patterns are only a good trap for beginners and classics, so be patient for now and look for signs of shopping in the green line. The maximum pullback is $42510, then wait for it to fall. The disadvantage of this penetration analysis is $43625. At...
The four-hour timeframe reacts in the same node and for the second test, so that this node is not engulfed, do not think about continuing to climb. After reaching the blue box, wait for $35515 to be seen and then think about continuing to fall ----- The two-hour time frame is still involved with the node that infiltrate takes to the next node, the second node...
BTCUSDT has crossed a major Resistance and after the retest is continuing to go higher. From the technical aspect it might pullback to 37581.7 and then again continues to go higher. SL @ 36192.6 TP1 @ 40364.5 TP2 @ 42458.1 TP3 @ 47050.0
Yesterday Bitcoin made two attempts to cross 40K zone, however sellers pushed it down. I have mentioned this in yesterdays analysis where I mentioned as long as it stays in marked Green zone, we are bullish. If you haven't read it yet, I will put the link below. Now after moving sideways for few hours, looks like Bitcoin is heading towards another round with 40K...
Hi guys! We have multiple scenarios in Btcusdt. Weekly candle looks really bad. So pls be careful when you are trading. Pls you can create your own strategies with this possibilities. BINANCE:BTCUSDT