Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time.
Once this bearish leg is completed, we will be looking for bullish price action for the next bull run.
Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to...
Bitcoin is in a strong price channel, which is held by bears, thus we have a downtrend. The price clearly works out the boundaries of the channel and the levels that pass inside it.
On the chart, we have a side range (local) and a strong trend line that runs in the middle of the channel. There is a high chance that the price will roll back from the resistance zone...
My recent Bitcoin analyses have been relatively bullish. However, we're still in a macro downtrend, so being cautious for potential bearish continuation will never hurt.
In this analysis I want to take a look at a lower timeframe ascending triangle. Ascending triangles are classically bearish reversal patterns, so we should keep in mind that once the price breaks...
Hello traders! Welcome Back to another episode with Analyst Aadil1000x.
There is a TR point in BTC at 23389 which will not let BTC move upside. It's also a strong sell entry.
You already know I have predicted that BTC will touch 7910 and it will be a pinpoint reversal point. It's hard to believe But it's the only 7 start-rated reversal point in BTC and 7...
Hello, Friends!
After some time of sending us mixed signals
BITCOIN is finally giving us a solid bearish bias
And judging by the price action at the lower timeframes
The pair is about to go down!
SELL!
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As we can see first resistance zone that is the red trendline broke and it seems that we had a valid restest too so we are looking for more pump here like the green arrows mentioned on the chart.
Notice: only if again price fall below the red trendline then gain is expected from next supports.
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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
2nc support: 13137.51-15916.68
The key is to find support and move higher near 21475.52.
If it falls below...
Retreat from top on hourly. SL, Entry and Target specified. If SL is hit and candle closes above, then same will be entry price for long with a target of 22235.
I have been calling all BTC moves as you can see from my related ideas below.
We are waiting for a buy BUT first, we must complete the final liquidity grab on SMC buyers from the order block.
I will be selling into my buy zone with members.
Let's hear the hate in the comments 💬
▪️BTC is trading in the channel range, visualized the approximate movement of the exit from the downward channel.
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Hello !!
Welcome to the quick update of BTCUSDT. It is currently trading around $ 21400. With the last low of 17600, it bounced pretty well all the way until 21600 thereby hitting the immediate resistance.
As of now, it is trying to retest the 19k mark but failing to do so and regaining the 21k mark. As per the charts, it is evident that the price can take a...
The price formed many bearish divergences and broke the rising wedge. 100MA/EMA - support. If MAs are broken down, then a double top will form and the local uptrend may end with a price drop below $20,000
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