The final dump in bitcoin should be anticipated.
#BTC UPDATE
BTC is developing a descending triangle pattern in the 4 hour time period, but it hasn't yet broken down, therefore it needs to.
The pattern suggests that we may have a decrease of approximately 17%, or 21.5k level.
BTC has been moving sideways for the past 22 days without making any significant moves.
Let's see how the market react
Disclaimer: This analysis is not financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your research and consult with a professional advisor before making investment decisions.
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BTC is developing a descending triangle pattern in the 4 hour time period, but it hasn't yet broken down, therefore it needs to.
The pattern suggests that we may have a decrease of approximately 17%, or 21.5k level.
BTC has been moving sideways for the past 22 days without making any significant moves.
Let's see how the market react
Disclaimer: This analysis is not financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your research and consult with a professional advisor before making investment decisions.
Follow us for More Quality Analysis.
Comment:
#BTC : There isn't much fresh information to give because our current circumstances haven't changed significantly.
#Crypto #Bitcoin #TradingView
#Crypto #Bitcoin #TradingView
Comment:
#BTC breaking this 25k support level in a 4-hour timeframe, but we still have 40m to close the candle.
let's see how the 4-hour candle closes
let's see how the 4-hour candle closes
Comment:
#BTC QUICK UPDATE
BTC broke and closed the 4-hour candle below the 25k level, which isn't good. As per the pattern, we can expect a drop towards $19,800 and $22,800.
If one more candle closes below the 25k level, then it conforms to this move.
BTC broke and closed the 4-hour candle below the 25k level, which isn't good. As per the pattern, we can expect a drop towards $19,800 and $22,800.
If one more candle closes below the 25k level, then it conforms to this move.
Comment:
In the next four hours, #BTC will form this falling wedge formation, but it won't be complete unless there is a breakthrough.
Comment:
Currently being retested after #BTC broke out of this falling wedge formation.
We can anticipate a 15% price bounce based on the pattern but i hope this time it will not do any fackout.
#Bitcoin #cryptocurrency #TradingView
We can anticipate a 15% price bounce based on the pattern but i hope this time it will not do any fackout.
#Bitcoin #cryptocurrency #TradingView
Comment:
#BTC After the breakout of this pattern, we haven't seen any big moves, but it's going pretty well.
The MA 200, 100 and Ichimoku Cloud provide support for the price.
Let's see how the market reacts.
The MA 200, 100 and Ichimoku Cloud provide support for the price.
Let's see how the market reacts.
Comment:
The best course of action is to stay away from the market and wait for a better chance.