Bitcoin had a range trend in the last two days. There is no movement in Bitcoin, and the trading volume is decreasing.
We might see some volatility in the market on Monday.
This is what Bitcoin's new roadmap looks like. As the market opens on Monday, we can look closely at Bitcoin's movement.
This post will be updated.
Hello traders ,what do you think about Bitcoin? Bitcoin is in a range area that seems to be fluctuating at the moment in this area and we expect it to grow to the specified range after hitting the bottom of this range
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₿ Bitcoin Still on declines
₿ This post is a direct continuation of the last post. Link below:
₿ My scenario has changed slightly, the direction remains unchanged but we are moving the target to the 0.5 region of the entire upward wave.
₿ The resistance zone remains around the recent highs.
₿ Target has been lowered because the 0.5 zone seems to me more...
Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has been moving in the sideways trend channel for a long time, but locally we see that the price is below the downtrend line.
Let's start with the support line and as you can see the first support at which the price is currently located is $16453, if the support...
BTC has been consolidating for a few days now, and as previously seen, a large move to the upside occurred with a break of structure ( BOS ). In order for the price to continue its upward trajectory, it must reach those levels of liquidity, touch our demand point of interest (pOI), and bounce back with a break of the structure of the previous highs. If the price...
As we said before the price is near major daily support and the 15K$ support zone hold so now we can expect a range market here for a while and we are looking for targets like 18K$ and 22K$ and pump like the green arrows mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
Be aware that fakeouts still there to happen while going down so manage your risks. After hitting the targets, I will be making updates and for more potential positions. At the end of the day dont forget its a market we can not be 100% sure where the price will move so always take responsobility of your trades.
Be Patient!
Based on the way of navigation this week and according to the information available on the chart in this price range in the past few years, Bitcoin must first return to the range of 15250 to 15100 for the second time in order to reach the range of 17000.
In this post, I used an on-chain metric that works based on the momentum of the total volume on the blockchain network and can provide early signals about future trends. (you can find it below)
As you can see, the total volume of transactions continues to decline and there is no sign of an increase in the volume of the blockchain network
The increase in price, as...
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(USDT 1D chart)
(USDC 1D chart)
(BTC.D 1D chart)
A drop in BTC dominance means that money is being concentrated towards altcoins.
Therefore, be aware of the price volatility of...
Bitcoin: Between The Bullish and The Bearish Scenarios
Price is developing a triangle pattern in a very strong bearish zone.
Both moves are possible and we have to be very careful because
the bearish volume is showing a strong pressure and the price
might to be ready to rise so fast.
So we can experience also false breakouts.
However considering that...
the price is testing the key level on the 4h timeframe after a clear breakout from the daily.
The price could retest the 0.382 Fibonacci level in order to grab new liquidity and create a new bearish impulse until the monthly support
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
BTC is consolidating into 16500 with reducing volume and volatility.
This is a symmetrical formation and should result in decent price action. I'm not sure which way this will go.
Possible targets:
- To the upside, there is a small liquidity void but it's not looking super magnetic. 16600.
- To the downside, I can spot 16400 as an area to reach from a couple...
We're still dealing with the bear flag with a break to the lower end of the triangle. Yes we have break of structure right now, but we've also contended with this before on this downward trajectory only to be let down further. Stochastic RSI is showing that we could be in for a drop soon! Still don't believe we've had our bottom. 13,600 at least...
I am not a...
Price respect the daily low support and now 15K$ is major support and soon we can expect rise and pump here like the green arrows mentioned on the chart.
As we can see red Trendline resistance broke and now the retest complete and soon the expected pump will start.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
Bitcoin, like other cryptocurrencies, is going through a bust cycle. Here is a chart to demonstrate how much further selling we can expect on BTC from this point on. Based on Historical data, bust cycles have averaged a massive 88% drop from peak to trough before bottoming out. If this thesis is true, we can expect BTC to be in the $9,500 - $12,000 range when it...
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