Target: $10,000 to $14,000
Why?
1) Gold and Silver appear to be nearing bottoms.
2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use.
3) Contrary to bitcoin's stellar...
They act as they know, often don't give us what we want.
* The purpose of my graphic drawings is purely educational.
* Never take my personal opinions as investment advice, you may lose your money.
BITCOIN bearish flag on point to cover the space of long-term buyers. Well, investors should be getting set for a long time investment. 17k is the next key support of BTC after breaking down out of the up-trend channel. If you found this helpful kindly like and comment below. Thanks
Just an idea and trade at your own risk.
Bitcoin still remains bearish.
Bitcoin is currently in a short uptrend correction phase (white lines) after breaking the support (previous demand zone) the red dashed highlighted area.
Short term Bitcoin bullish to finish its correction phase and reach the upper downtrend channel (red lines) to retest the previous broken...
Hit the support around 20k and looks to bounce as it is oversold. I would expect it can hit 26k and most likely could fall back towards 15-10k... peace !!!
Couldnt hold past level now forming a bullish falling wedge. In the past BTC outperformed the stock market but also had pullbacks. Logarithmic regression.
When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple)...
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only
BITCOIN (BTCUSD) – CASH: Inside Bar Pattern
(WARNING NOTE ON CRYPTO CURRENCY: As Bitcoin and crypto currency doesn’t form perfectly clean signals most of the time, we will only annotate the clearest and well-pronounced signals that form at confluent areas on the charts. Therefore not all price action signals/patterns will be annotated or discussed. TRADING...
RSI makes higher lows.
Volume rises.
Bullish wedge chart pattern.
AI thinks people bought the dip.
Long is worth a shot.
(Now that our shorts are in profit already :))
1) Bearish Volume Divergences
2) Bears pierced EMA (Exponential Moving Average)
3) Swing Trading Sell Signal
4) RSI crossed its SMA (Simple Moving Average)
Conclusion:
Bitcoin will dump.
Target is on the red dotted line.
Death Cross (Trendlines - Resistance) on Bitcoin chart.
AI recommends short position.
Targets: $41k, $38k, $32k.
Watch out for potential bounces from support trendlines!
USDT.D will break up its channel.
Dominance sits on a set of support trendlines now.
According to chart pattern rules (falling channel), target is the green circle.
AI recommends long on USDT.
(Short on Bitcoin.)
