Btc_usd
BTC what will come first ?BTC / USDT
BITCOIN still correcting in this pattern since early November
WHAT NEXT ?
Until now Bitcoin still not able to flip major resistance on high time frames between 40k-44k
Scenario 1: test major support 32k-28k
Scenario 2: if price able to close weekly above major resistance + hold above falling wedge we can expect new bullish wave
Current condition : need patience and don’t rush into many trades until market choose the next movement
BTC May '21 Fractal Tracks to Current BTC Price Action (updated First, know that I am an amateur technical analyst.
This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback.
Updating my previous post of Feb 2 to add anticipated target zone for the current retracement
BTCUSD Bull and Bear outcomesOn the left I assume the Parabolic trend hodls, coupled with a double bottom , leading to price increase on the Weekly timeframe
On the right I assume a third breakdown under the same Parabolic trend occurs, as indicated by (1). This provides symmetry for the current formation and allows for the third dip.
Red pill, blue pill
BTCUSD and S&P ComparisonSimilar formations can be seen on both charts, the main difference is the S&P formation is on the Monthly chart, while the formation on BTCUSD is on a Weekly timeframe
I did see this comparison online, decided to replicate it for yous
Bullish potential if these are correlated in any way is immense
BTC ... The 32K level is looking MIGHTY FINE!Evening all!
Back here on Tradingview for an update. Just rehashing what we've spoken about a few times now. We need to anticipate what we're going do at these key levels, whether that be that next level of Supply or Demand.
But of course, let us know your thoughts in the comments section down below!
BTC, BITCOIN, DAY TRADING, SIGNAL$BTC traded volume continues to decline. With each downward move #BTC is creating lower highs and even lower lows with greater momentum. Whilst #BITCOIN may be trying to reclaim 38k again all indicators are pointing to a test of the 29-27k bottom before a proper market reversal.
bitcoin weekly analysishey traders , checks out my last price action analysis and wish you the best
if we look at the high time frame at the BITCOIN chart , we can see the monthly and weekly double top pattern so clearly and i highlight that area for you guys aswell ,
now lets talk about a big bullish channel , look how beautiful price touches the midline channel and make a double top pattern after that touch , banggggg the price falling down ;)
we have a 30k $ price action support area
if price breaks out this area VALID , the next support area as i highlight is 20k$ and the bottom of this channel is around this prices
and the most powerful support zone for bitcoin in the monthly and weekly chart as i highlight which is a zone , is around the (12k - 14k ) $ price
BTCUSD daily chart pattern analysishey every body check out my last price action bitcoin analysis
i want to show you guys the power full head and shoulder in the daily btc chart , and i highlight the neckline zone which is a powerful price action zone aswell , so we can see the valid break out clearly and the pullback ;) , i think price can fall down to the 30k $ price which is a best support area and test that areas for a valid support
BTCUSD price action analysishi guys , lets see what's happen after the last price action BTC analysis in my ideas
so i show you guys the beautiful bullish channel at the ATH price as i mark where was it in this chart , and i note that price need correction and after the correction price can rise , and this correction happened and the price fall down to the bottom of the channel , after this correction price breaks out the beautiful channel i share with you guys and see what's happen next ???
baaaaaaaaaang btc fall after that break out in the power full bearish trend till this moment :)))
i save all of my positions and you guys ;)
in the last price action chart i share in the ATH price
lets talk about now , till btc price is under this power full bearish trend line the market is bearish and the best support area is around the 30k$ price and price should test this areas
BTC on the edge of its Monthly KijunThe number 1 is now on its very long term support, represented by its Monthly Kijun.
This one must hold to bounce back, with a first target at $40,000 ( Daily Kijun)
Note that we're also below the Weekly SSB, this means that prices are turning bearish if the Weekly Candle close below this point.
An interesting point is that Weekly Lagging Span is testing its Weekly Tenkan, it may permit prices to bounce a little...
The end of the week will be crucial for the evolution of BTC for the next months.
Let's wait and see the evolution !
BTC today.❣️Today, there was a common opinion in the market that the price of BTC could go to 10-20k.
I don’t believe in it until the last, but nevertheless, with the increase in capital in BTC in your wallet, for the time being I decided to suspend, but clarifications with the situation at the level of 29-31. There is some truth in this point of view!
So let's keep an eye on the market, good luck to everyone.
Like and let's chat in the comments.😉🥂