BTCUSDT has been in an uptrend for past couple of months, however the bearish RSI divergence on multiple time frames, including the daily is finally playing out and a previous higher low is broken on 4H time frame, this could potentially trigger a bearish rally. Targets are mentioned on the chart.
4 Hour Time Form BTC Analysis
After the 7% price correction this morning, the price on Binance reached $40,200 and it was supported by the yellow channel and Fibonacci 618 and created a big rally. The price is now $41,980.
If the $40,200 support area is retested and the buyers raise the price again, we have the resistances of 42,444, 43,000, and 44,000 in front of...
Strong resistance area is located at 38000 - 40000 dollar.
Stop loss for short-term traders is 36000 dollar.
Best support area for buying is located at 33000 - 31000 dollar.
Don't forget book your profits.
*This is not financial advice.
Good Luck.
What is the universal answer for the main question of the life? 42.
BITSTAMP:BTCUSD will be there )
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BINANCE:BTCUSDT more probable that it will move more down, achieve point of overselling and then be ready to move back to the 36-40k.
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Hello dear friends! BTCUSDT continues to rise in price and maintains a strong level at $44,200.
It can be seen that the upward trend is still very solid, as both the 34 and 89 EMA lines are holding steady, indicating long-term price growth for BTC.
The current support level for BTCUSDT is $43,200. Targets: Moving towards new highs of $45,000, $46,000, and...
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I`m applying a very simple strategy with the RSI where I see "an exhausted price" in there, we are going to a 1:1. We are on a christmas rally so, dollar is going to be strong for a little bit longer. Let`s see how it goes.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
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Estoy...
What is a Regular bearish divergence?
A Regular bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs.
What is a Hidden bearish divergence?
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).
What is a Regular Bullish divergence?
A bullish...
BITCOIN INITIATED THE FORMATION OF A CLASSIC BEARISH DOUBLE TOP PATTERN ON 3H.
SELLING IT @43500
Take profit 1 @ 42500
Take profit 2 @ 41200
Take profit 3 @ 39200
Stop loss @ 44700
I have adjusted my trendlines, We are inside of the descending channel many will probably try and short it to the 200MA but I will only short if we go below the 200MA and aim for the green line, otherwise we could reverse and rally up here which I am leaning on!
One minute chart posted.
We have the FVG in our AM killzone targeted. Most exchanges this is going to be around 43800. This can be longed to the high AM killzone made.
SL will be below 43720, in case we have a liquidity purge, making this a little less than a 2x play. Usually I don't go for these small ranges, but it's a Sunday.... Why not? Money is...
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The bearish sentiment surrounding the Bitcoin market has gained traction among investors and analysts in recent times. This sentiment is highlighted by various factors, including increased regulatory scrutiny, market unpredictability, and concerns over its intrinsic value. In this discussion, we will delve into the bearish case for Bitcoin, examining the...
This is the big picture of the whole story for now. As it always happens, "Be fearful when others are greedy", so this is we should do for now and the time will tell you what to do next as the economic and political situations are changing fast, and nobody could guess what happens next. For now, this the truth that we are facing right now, and we have to act accordingly.
