BTC is in the process of creating a bullish flag which would take us towards 100k!!! the dx finally seems to be starting its correction in the short, medium and long term! be ready!!!!
This is not a financial advice dyorrr
Enjoyyy
If we take a look at the weekly Bitcoin chart and draw the same range that we have been looking at on the daily, the situation becomes more clear. Why? When you have a range, you add the EQ (equilibrium, center dashed line) and it tends to act as resistance and support. As you can see, the last two weekly candles all found strong resistance at the range EQ and...
As expected, we broke through the hourly sloping line on Bitcoin .
The market is in a panic, many are waiting for a dump to 55,000, but so far it's not so scary, it's not worth panicking ahead of time.
The scenario changes to short when the true break is $59,000.
Currently, we are defending in our buyer's zone $65,000-$64,000 (volume accumulation zone),...
#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s...
In this chart we have observed a Bearish Flag on one hour time frame, there is no Divergence spotted sofar, we indicates it can go down to 61500
what you guys say about that?
Hello TradingView Family / Fellow Traders,
📦 Post-halving , BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
📈 For the bulls to take full control again , and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
📉 In parallel, if the $60,000 support is broken downward, we...
Bearish rising wedge pattern, possible to pullback at FVG and golden zone area, if in that area pressure from sellers still huge, the price have high probability to keep going down.
!!UPDATE 25/04/2024!!
After the latest update last night, the BTC still holds its place at 66.9K , but that's not a good sign cause it means the BTC is closing the candle under the Daily Equilibrium which makes us expect the probability for the next few days to be heavier to correction . BUT! there's huge news tonight that might impact the current...
Bitcoin Halving: A Comprehensive Overview and Its Impact on the Market
Bitcoin halving, an event that occurs every 210,000 blocks (approximately every four years), reduces the reward for miners who validate transactions and add new blocks to the blockchain by 50%. This mechanism is designed to control inflation and maintain the finite supply of Bitcoin, which...
BINANCE:BTCUSDT has now started its downtrend, The 60k was reacting as a strong support zone, and bitcoin had done 4 restest of this price zone.
Now Im Expecting a breakdown in the start of the month of May or in the last week of April.
May might be the red month for bitcoin and crypto Industry.
