#BITCOIN WEEKLY CANDLESTICK's ... LOOK PROMISINGAt least for a relief bounce to horizontal resistance
Taking things step by step
Level by level
Before we can call a reversal of course.
Bullish Divergence on the momentum structure as well
Ntcusdt
MAV LONG SETUP & ANALYSIS FOR NEXT WEEKMAV is trading in rectangular frame for more than 100 days, so pump is highly expected from this zone. Low leverage and spot calls are expected from traders.
#BTC/USDT 1HR CHART UPDATE BY Domino Crypto!!Hello, community members welcome to this BTC/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see at the above mentioned chart that BTC/USDT again got rejected from the red resistance level and dropped almost 5% down from the resistance level.
In current scenario BTC holding the lower trend line again well.
BTC one more can move upside from here to break this channel pattern to bullish for short term towards the price level go $34500.
Here BTC must hold the lower trend line.
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC USDTIn the weekly timeframe, Bitcoin almost lost significant support in the 344500 area and then in the more important 32300 area.
Of course, the weekly candle in the coming week can be considered important, and if it closes in the same way now and in the range of 30,500 or less below $ 30,000, it will confirm the failure of the important support of 32,500 and in Continuation of any uptrend in the first view can be a pullback to the broken support in the range of 32 thousand dollars, and then we see more falls to lower levels in the range of 26-24,500-22 and even 20 thousand dollars.
But if the upcoming weekly candle closes above the $ 32,000 range, it could violate this possible scenario.
BTCUSDT 2H : Market Control By Bearshi my frineds ,
Continuing that I have previously analysis btc for you in daily, weekly and 4H, now I will also analysis btc in 2H timeframe.
Comment For Me Your Opinions ...
Good Luck
BTC going to the end of triangle soonSoon there will be a breakout !!!! what do you think going long or short?
Hit like button if you like it
Bitcoin Today. 8500, from here?Price
Bitcoin spent last days fluctuating around 8500.0 level. 8500.0 level lies close to the Bullish Trend Line and is considered an important support for the April – May bullish pattern. As long as the price holds above the Bullish Trend Line, the overall bias still stays bullish. Breakthrough of the Bearish Trend Line and 100-days EMA afterward would be required to confirm the return to the uptrend and testing the 10000.0 level. Dive below the Bullish Trend Line and 8000.0 support will lead the price into a deeper correction, probably to the 6000.0 levels.
Today forecast
Lateral trading in the 8200.0 – 8800.0 zone.
Latest news
Thailand Commences Cryptocurrency Regulations Today. The decree to regulate cryptocurrencies and initial coin offerings in Thailand goes into effect on Monday. The government has also revised the country’s tax code to add crypto taxation. Sellers of digital tokens will face a fine or even jail time if they fail to register with the regulator within 90 days. The Thai government’s decree to regulate cryptocurrencies and initial coin offerings (ICOs) goes into effect on Monday. The Digital Asset Management Act BE 2561 was approved by the Thai cabinet in March and has been amended since. The revision of the Revenue Code No. 19 was also announced in order to tax crypto profits at 15%, according to local media.
Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period. Zimbabwe’s central bank issued Circular to Banking Institutions No. 2/2018: Virtual Currencies, effectively banning all crypto activity in the African nation. Businesses dealing in decentralized currencies have 60 days to comply. Issued 11 May, the Reserve Bank of Zimbabwe, the country’s central bank, laid out seven points in ordering the shutter of things crypto within the southeast African nation. Referencing two previous circulars going back as far as three years ago, the notice explains “’banking institutions’ attention is once again drawn to the risks involved with virtual currencies and the need to ensure strict adherence to sound risk management. Our investigations have revealed that the major cryptocurrency exchanges facilitating the trade of virtual currencies in Zimbabwe are Bitfinance (Private) Limited (Golix) and Styx24. Golix has gone further to set up an ATM machine through which cryptocurrency transactions are facilitated.”
