I saw a post in twitter which marked a particular converging triangle on BTCUSDT chart on 4H timeframe (As shown below) and implying more bearishness ahead. But, is it really correct analysis?
Risk of drawing patterns manually is that we can fit any pattern to price action based on our bias. To overcome this, we need to follow a standard method to draw...
In the last 24 hours, Bitcoin moved exactly like the previous bullish movement, breaking the resistance of the $23,000 range and rising to the $23,800 level. But the ceiling resistance of the channel range in the $23,371 has not been broken, and we cannot expect more price growth from Bitcoin until we have a price stabilization above this range. An important point...
As we said before market here is strong and bullish and we are looking for more pump to the targets like 26000$ and more.
if any correction here started it would not be that much and short-term and after that local fall, more pump is expected again.
DISCLAIMER: ((trade based on your own decision))
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Bitcoin again reacted negatively to the resistance of the $23,371 range yesterday, and the price of Bitcoin entered a correction. In the 4-hour time frame, the bitcoin range trend is quite clear, and we can consider the floor of this range channel in the support range of $22,238. But the point is that Bitcoin is still in an ascending channel, and we can expect...
🔥Hi friends! A lot of newbies consider these things as something bad. These make them very unhappy and disappointed because their position gets the loss. These things are the pullbacks or corrections after significant growth. Everyone is waiting for it now to buy more cheap crypto.
📊 The pullback is the price fall after significant growth. But why is it so...
Hello, everyone!
Yes, this is just the bright heading, of course collapse on the Bitcoin will not be in February 2023. Now I anticipate just a correction to allow us to enter the long trade.
On the 4h BTCUSDT chart we can see a lot of bearish signals and if it will continue climbing it would be really weird. The most bearish factor is the double bearish...
The image on the left is an image which circulates a lot on social media, it's a classic view on the market from start to the end of a market cycle.
With the bull-market and the worst part of the bear-market behind us, it's time to determine whether this move is real or not.
Personally, I think it's unlikely that we're going to make new lows in the future. Sure,...
Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC broke the $23.5K resistance in the recent move but could not close a candle above it. The previous lower higher horizontal resistance is near $25K.
BTC is retesting the descending channel and Ichimoku cloud. A successful retest or a candle above the marked horizontal resistance...
The crypto market looks bullish these days! But does it mean that the bearish trend is over and we are at the beginning of a new bullish cycle?
In this post, I want to share with you the TOP 3 reasons that will be able not only to change the bullish sentiment but also to dump the market to new lows.
REASON 1: Regulation
We are not far from CBDC and I don't...
#BTCUSDT - The Actual Story That Might Happen.
Hello traders,
While everyone is bullish and mooning and coming up with moon ideas I'm going with the opposite scenario.
I know this is might be insane but there is huge chance it will happen.
Today I'm going to share my point of view from 2 sides.
I'm the biggest bull on the long run of Bitcoin but I don't see...
Been a while I had taken a look at the bigger structure b/c it really seemed like a 5 wave thingy.
In general its possible this has been a full corrective 3-3-5 pattern already like this
A: ABC with A=C
C: That first tiny orange w1 couldve have been it and what followed was a super powerful w3 going beyong 8.236 implicating w5 to hit 16.236 which BTC has...
BTC is currently experiencing consolidation within the range of 22,000 to 23,800. A key support level, or demand zone, can be observed around 22,000. Of particular significance is the potential for a bullish crossover, as indicated by the 50-day moving average crossing above the 200-day moving average. This development would likely propel BTC above 25,000. In the...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
UPDATE FOR BTC/USDT
As we can see price is trading above our support zone,
So, for now 20k is acting as a strong support zone.
However, price is clearly bullish making higher highs and higher lows.
For the bears to kick...
Believe it
We ain't got no plans to leave here
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.
Good luck
BINANCE
