BTC has made contact with the top of the Weekly Bull Channel and has come up against some resistance. In my previous 4HR analysis, I showed the potential for a measured move from the 4HR Bull Channel to the Weekly Bull Channel Resistance, we have reached that price of about $38,000. Where do we go from here? Key Points 1. Bull Channel means we should always...
after breakout of structure of the price and reversal of the price to fill FVG ''Fare Value Gap'' we will see a creation of the uptrend to fill the fvg of the downtrend
WEEKLY CHART, BTC HUGE DOUBLE TOP PATTERN SEEN. Keep an eye out for this trade aswell but its clear, that btc is going to be dumping. BINANCE:BTCUSDT30M2023
In February 2020, Bitcoin experienced a falling wedge pattern and subsequently experienced a 60% increase from it's low. However, it encountered resistance at the $10,000 level and subsequently experienced a 61% decrease. Currently, a similar pattern is emerging, with Bitcoin experiencing a 60% increase from its current low. If it again encounters resistance at...
BTC IS way overbought on the daily time-frame, but on CME Weekly Chart Overbought is not hit till $29955 and trading above the top side Bollinger Band on the Weekly which still shows strength. Just Crossed the Weekly 200 EMA today on CME. but... BTC Daily did kiss the 200 Simple today, so... pull-back to the 23.6 or 38.2 could be expected, below 38.2 watch for...
Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength. The current short-term resistance is near the $23,500 level. A retest above the descending trendline...
$BTCUSD (Bitcoin / USD) – Price and Volume Contraction On Weekly Chart Continue to Reflect Bearishness Bitcoin ($BTCUSD) posted a substantial gain of of +5.38% for the week, successfully reclaiming three of its key moving averages during week (10, 20, and 50-day moving averages). $BTCUSD’s Bearish Pennant pattern is violated but with price consolidation and...
BTC weekly chart: I called this as the bottom and published on Trading View on the exact morning of that day. I believe BTC has had that bottom "unless" a black swan event were to occur like MT GOX release of all the BITCOIN, but looking at the chart and staying true to what data the BTC chart is giving me, the RSI has never been oversold at that bottom...
this is simply obvious in the chart, the lines I mean. I think for breaking this wedge, it will form a reverse h&s I hope I have lots of moneys before the time Bitcoin goes between 12000 $ and 14000 $ then, I am bullish on it until 50000 $ it will eventually be 100k $ , but takes long time. DYOR
btc usdt weekly chart on kucoin falling wedge formed on weekly chart more dump possible to 20 k/24 k level , after that we can expect a bullish rally till 39k
3 candles are trading above SMA 50. Until the price action holds SMA 50 dump is not expected. Let's see in coming weeks
Waiting for the levels to play out, I personally will be scalping more coins once testing the support level as a DCA. NFA Simply break below for a continued downtrend to nearest support, traders will have their eyes set at the resistance level for shorts once if that area is ever met. Something to consider when wanting to take profits.
Hi guys I was looking at the weekly chart for bitcoin and I noticed something on the rsi. A huge hidden bearish divergence can be seen from last year's top to this year's top. I am still very bullish on bitcoin and do hope that this does not affect the price action of bitcoin in the following weeks to months even though we have had a massive break out to the 40k...
The probable scenario for Bitcoin can be considered according to the attached chart If an one weekly candle is formed above 42000 buy for the trget 89000 Stop Loss=33000
Welcome to this quick BTC/USDT WEEKLY analysis in the chart I have tried my best to bring the best possible outcome in this chart. Hello folks, Welcome to our Btc/Usdt weekly update, as we can see a rising wedge pattern create that from 15th March 2021 to 10th May 2021 btc was in an uptrend and from 10th May 2021 to 12th July 2021 was in downtrend. After...
BTC Weekly not showing us any sign of a reversal just yet, the Blue wave momentum indicator hasn't printed a buy signal just yet and is almost hit the oversold area. This bullish support is the last line of defense for the bullrun IMO. That is the worst case scenario for BTC to come and retest before a reversal. Otherwise we have to accept the fact we are in a...
#Bitcoin is in the first support range and buying in this area is a good step. This range lasts up to $ 36,650 . If $ 36,500 is broken, a head and shoulders pattern will be formed and up to $ 30,500 can be corrected. The $ 30,500 area is the second support area . If it breaks, we will have a drop of up to $ 20,000 , which is very unlikely .