BITCOIN: MUST HOLD! Hello guys, welcome to this BTC update. I going to keep it easy and straightforward.
Time frame: 8 hours.
Recap: BTC couldn't keep up with the $23.5k to $23.5k support range in 4 hours TF. My previous post mentioned the bearish rising wedge pattern, which broke down hard.
Update: In the last 5 and half days, BTC has dropped by -15% and we can literally see the entire market reacting accordingly. In this 8 hours TF, we have strong support at $21k and BTC must hold this support line by any means. We can expect a bounce anywhere close to the support range only if BTC manages to stay above the $21k range. Dropping below this range will be critical.
Can this be a good time for accumulation?
- If BTC holds this level then yes, it will be a good range for accumulation. I am accumulating BTC at this range.
I hope this update is helpful for you.
Trade safely.
Btcusdidea
BTCUSD first UP then DOWNHi fellow traders, BTCUSD still looks like a sideways correction and it's getting longer and more complex as the weeks go by. We are still expecting a final wave lower after this WXY correction ends. Watching closely for a sell opportunity from the blue box area. We will be updating the charts if the structure changes. Goodluck!
BTC maybe fall?Taking a brief reading of the Bitcoin price structure, I see the ongoing construction of a distribution process, that is, momentarily falling in price, and so we have the possibility to see the price at 20k again.
I honestly wouldn't like to see the price go back to that level, however, the market is sovereign and does what it wants.
Now, when it comes to Bitcoin, this speech about the influence of the FED, Inflation from I don't know where and etc only serves as an excuse for manipulation, because that's where I know it came to be against or part of it and not part of it.
So, don't fall for that, study the price structure and always look at the volume
Good luck to everyone
BTC:Channel boundary?Bitcoin
Intraday - We look to Buy at 22818 (stop at 22348)
Trading within a Corrective Channel formation. Trend line support is located at 22750. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 23987 and 24387
Resistance: 24000 / 24800 / 25200
Support: 23500 / 23000 / 22500
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BITCOIN: HOLDING THE SUPPORT LINE.Welcome folks to this BTC update. I am using shorter TF for this chart analysis.
Timeframe: 6 hours.
Recap : According to our previous update, BTC is still maintaining the 21 MA support level in 3 days timeframe.
Update: In this 6-hour TF, BTC is holding good support at $22.6k. You can clearly see that this is the exact support line from where BTC has bounced back twice already. If BTC manages to break above the 21 MA then we can expect a rally up to $25.5k.
Bearish Rising Wedge: BTC is under a bearish rising wedge formation which isn't good. If BTC breaks down below this support line then things may turn out bad for the market.
Conclusion: It's better to wait for a confirmation call.
I hope this update was helpful.
Trade safely.
BTC short !Shorting BTC from nice supplyzone whcih has liquidity inducement and thats why its high probable to work. Nonetheless I expect BTC to aim higher towards upper 20k possibly this month. I'm targetting demand zones as you can see on chart and looking for buys there cause overally on 4h and daily we are still "bullish" and didnt reach any significant higher time-frame zones for shorts.
I will keep you guys updated for possible longs in next coming days.
Feel free to drop comments and any questions, Enjoy and good luck with trading ! :))
👽 BTCUSD 👉 Time to make money 😁👽 BTCUSD 👉 Time to make money 😁
The lower border of the rising channel provides an opportunity to buy on the rebound
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❤️ I use all my transactions in real trading in my account, my account has already reached Profitability:
1549.04%🙏!❤️
It's your turn!
Be sure to leave a comment and let us know how you see this opportunity and prediction.
Bitcoin 2D Strong Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow.
1) Strenght Profile: Green and getting stronger.
2) Bull Bear Squeeze: The bears are finally completely squeezed, now the bulls need to send it!
3) Money Flow: The money flow is green and positive.
The sideways action could continue for a little bit longer until the strength profile goes above 50.
For now, the Bitcoin 2D Strength Snapshot is strong: Strength Profile 🟢 Bears in Charge 🟢 Money Flow 🟢
🥳 BTCUSD China will give rise to coin target 34,000 🥳 BTCUSD China will give rise to coin target 34,000
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❤️ I use all my transactions in real trading in my account, my account has already reached Profitability:
1549.04%🙏!❤️
It's your turn!
Be sure to leave a comment and let us know how you see this opportunity and prediction.