Bitcoin is in a big descending channel, a trend. Also, there is a little uptrend channel inside. We are in a zone of premium Fibonacci levels for the bears now. I see an expanding triangle pattern. BTC will test the upward resistance line. It will be the 5th touch, after which we await a trend reversal. I expect some accumulation in the classic conditional...
$BTC Need to consolidate the breakout above ~50k 65-53 peaks as an interesting trendline to follow From here into September highs, if HH probably going for the ATH UCTS 1D signalling the entry #BTC
Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency Bitcoin (BTC) held support around the 40,000 price level and had a rally towards the 48,500 price level. The cryptocurrency has been in a rangebound movement between 46,725 and 48,500 over the last couple of trading sessions. Expectations are for a breakout towards 50,000....
#BTC (update) In daily timeframe Chart, Bitcoin has been forming Descending Channel Pattern.. At the Moment, Bulls Facing 50k Crucial Resistance, If Resistance got Cleared, Expecting bullish Wave towards the 72k (New ATH) in coming days. In Bearish Scenario, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 40k Support Area (MA128) MA128...
Most important technicals on this chart, pending breakout confirmation, is the red trendline (as short-term resistance) and the bottom of the red arrow (strong support) These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
Last week's BTC fight has been tremendous, as it manages to *uncross* the VWMA / SMA50 with a 11.67% rally over 7 days. As the bullish Golden Cross structure is now still back to active (VWMA > SMA50 > SMA200). I do think this is set to continue in the current week. Bear case: Breakdown AND close below the trendline (42k) at the end of this Weekly candle, and...
Hello everybody! I expect an upward movement in the short term, but $47150 is an excellent entry point for a sell (short) position based on: price action, premium Fibonacci levels, falling wedge targets. The first strong resistance is near $46200. Be careful, and don't forget about capital & risk management. Stay tuned for my future updates and more. Best regards EXCAVO
$BTC Weekly closing today 🤌 & aiming for a HH from here as macro bullish signal UCTS remaining green on the weekly since June 2020 (400%) Lower timeframes looking as accumulation under resistance Feels good
As you can see in the Binance futures platform statistics, there are a record number of shorts compared to longs. You can even check for yourself : www.binance.com Many people are expecting BTC to go down this week. I say this is incorrect considering there are many trapped shorts under $47,000. The market makers, exchanges, composite man won't allow these...
It's surprising that most people are still interested in shorting. If you look at Binance futures long/short ratio statistics, the ratio is well below 1.0. This situation is very similar to July 20, 2021, where the ratio was also below 1.0. I think we will get massive short squeeze to 52k+ this week.
Corrections will be very shallow. Prepare for upcoming move to 52k. May not even reach 46.8k on correction. Remember, BTC price action is irrational. For example, look at May~July 2019. I see the same pattern here. Many are expecting some sort of deep correction based on 'it surely can't keep going up'. But the majority feel this way. "Markets can stay...
$BTC start tilting into one side... 1st 10%+ green daily since August Macro structure willing to form a HL into a potential HH UCTS bullish on the 12H & any lower TF Either straigth continuation toward 50k or retest/flip of the breakout is what bulls need #BTC
#BTC (Update) In 4h timeframe, Bitcoin Bulls testing the Key Trendline Resistance (44k) If Trendline Resistance got Cleared, Expecting +10% Bullish Wave towards the 48.6k.. send it 📈 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
$BTC Another retest at ~44k similar to what have been watching (boringly) for the last 10 days Bulls need a breakout above as signal of strength & potential reversal but till that happens remaining flat Macro structure still deciding(HL-HH / LH-LL) For now Netflix and Wait #BTC
Binance futures platform statistics shows very high short interest in BTC today, which means BTC will likely rise higher to test 47.8k level order block. Good entry level is 42.9k. Low-moderate leverage.
#BTCUSDT Update: #BTC touched resistance level at $43300. As per chart there are 2 Scenarios:- 1)- If rejected then Ready for $41000 and $37000 but 2)- if break $43700 resistance then We can see $48000 S: $41000/$37200 R: $43700/$48000
Massive amount of short volume from Binance futures platform suggests many traders are about to lose a lot of money. According to Kingfisher IO, most of these traders have stops above $40. I can see massive short squeeze incoming, and LUNA will trade above $40 in the next few hours/days. I am long with low leverage.