I expect the market to dump. Check the screenshot for my thought process. I have a Daily Timeframe analysis on BTC with a long BIAS. Kindly check it out and I will be dropping to the lower timeframe to give some entry setups on BTC.
Bitcoin on 1 HR Chart has breack resistance ligne in the rising wedeg ,now must pullback and retest then continue to Targets 1 and 2
BTC MOVE FOR NEXT DAYS The general situation is very negative for the price. The best course of action now is to wait for a new bottom.
BTC shorts shows that it has approximately 63% more to drop to key support. That may take BTC at least to the 28-33k level from current 20/21k before the shorts bring in a bigger correction sometime in August2022. I do this as a hobby & not for trading advice.
If Bitcoin drop at 6K. It could develop a head and shoulders pattern.
I'm looking at 6h time frame and have noticed a bear flag the the mentioned targets and at the same time a symmetrical triangle with the targets mentioned on the chart.
I called the dump at midnight last night and that was Wave a now we’ve taken the pullback to the order block and the next dump should take us down to 27,500 to 27,100. This is not financial advice it’s just my own personal TA
BTC as we have seen has huge potent if closes above 23419 and sustains, sustaining can bring lots of changes and can go upto 27K in a day considering there is no prior resistance. But i see a rounded retracement till 17573 and spring may happen before any prior movement as it cannot sustain 22000. So one can short from 22000 till 21500 and 20820 but eitherways...
we are not going to hold here for too long. I think a run to 24-25K then another big drop to the 14-16K range and the eventual target is 8800 by Spring-summer of next years.
BTC seems to be moving in wider green channel and then short blue channel. Blue channel is where BTC had been moving in since last one month. If it break down then we might looking at 40k levels. Blue support line and then lower end of green channel to provide support to sustain upmove. Risky traders can consider trading channel.
We' re examining a correlation between BTC and US10Y 1. taking into account negative correlation between BTC and US10Y past 2 months, IF US10Y rejects at weekly resistance with doji candle, we'll see pump in BTC. 2. Considering that US10Y has broken multi months trendline and after retest will continue it's pump and it is a leading indictor ahead 1-2 months,...
I'm watching weekly timeframe, With this analysis I will add confluence to my previous analysis where I told you BTC has bottomed today at 16500-18500 level. Read - BTC touched the lower band of weekly parallel channel with Bullish divergence , which is BTW the bearish conservative projection from top. Read - All my ideas are written on the chart.
Bitcoin is currently testing around the $17,000+ region, and if it falls below, the next short term FIbonacci target is around $16500, then the long-term Monthly (time frame) Fibonacci target is around $3100. This is a stark reminder of just how quickly this market can be liquidated. We saw dramatic falls between previous Fibonacci support. Stay sharp and keep...
I'm looking at weekly scale. All projected targets are shown on the chart.
I have been watching monthly, weekly , daily and lower timeframe charts of BTC past 10 days. Regardless of bearish analysis and all warning shots I posted and notices recently. I'm sure BTC has already bottomed or the bottom would be between 14-16K))): $BTC bottom won't be bellow 14K.
IN weekly scale BTC has broken horizontal rectangle with the target 12,700$. Will it hit the mentioned target or we'll see bounce before that?
Bearish and bullish case scenarios are written on the chart.
im currently waiting for bitcoin to break out this channel i believe tho we mite get a little rally to the upside to grab liquidity to head lower. that's if we don't just bleed to the downside check my last post to see the next key level.