Bitcoin/1H chart we see a rising wedge , these wedges usually endup with a wick to the upside then make a bigger move to the downside.
we could say the wick to the upside was the CPI move which was not eye catching due to BTC getting weaker every rip it makes.meaning every upwards it goes it comes down harder.
After CPI btc came back down inside the rising wedge...
In this video we analyse bitcoin candlestick patterns as well as movement and liquidation which it all indicates we are going to print out some big red candles soon
there could be 3 possibilities which I discussed about each briefly.
Liquidation is to the top side showing a possible of a new extreme to the topside before major move to the downside
Hope you guys...
❗️❗️Attention Please: New downtrend started , do not attemp to rekt yourself by longing
🔻BTC/3H,So After we exited our rising broadening wedge we came down to the light yellow line which its left side is the TOP of the left shoulder
Three possibilities :
First(Number 1 on chart):A pennant forming here ( two white lines ) and after that another leg down around...
BTC/1H - still in the rising broadening wedge with white up trend line as resistant and pink up trend line as support
We had some move through the weekends which was totally expected and now btc about to make new extreme to the down side after trapping more longers
if we lose the dotted yellow line ~22519 we could wick down to 21600 and after a retest there...
Due to the price reaction to the higher time levels, there is an expectation of a drop. when H1 bull trend changes to bear trend, we can be more confident from this idea. #BTCUSDT
Hi lads.
BTC is still at the bottom of the ascending channel and trying to find a support at the moment. With SPX500 and NASDAQ being bearish with strong sell volume, BTC could go lower to 19.5k area at some point. But the important support area is between 19.3k and 20k area. I think bitcoin will find support at that range will head to higher levels.
As i said...
Hello.
As we all saw, yesterday bitcoin just failed to break up from the bullish wedge and we saw that price dumped over 15% and touched 35.k area and just broke all the support areas at 37.5k and 36.5k. For now, bitcoin must hold 35k strong support area if we want to see a pullback to 40k and above that area again.Unless BTC holds 35k area, then we will go for...
