Bitcoin StrugglingHello traders, here is my view for btc at the moment :
Bitcoin was in bearish move since May 5th with increasing volume + open interest and convergence with RSI momentum in daily timeframe, this is a confirmation for strong bearish move.
What I expect :
BTC weekly closed below 26900 next stop is 25k area
BTC weekly closed above 27250 next resistance is 28k area
But BTC would not go above 29k IMO since there is a strong channel resistance.
I personally bearish for BTC since the abc correction target is on 25k area which is psychological number + fibonacci retrace confluences.
Bitcoinshort
Massive 4H short for the almighty BitcoinLadies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to continue creating its daily Lower Low as well as a breakout from consolidation. This pattern can be seen clearly from the daily as well as clear structure breaks on the 4 hour timeframe. I will be analyzing the 4H for the setup however my entries usually come from the 15/30 min. sometimes the Hourly. However I anticipate a strong volatile swing bullish before the decline.
"Bitcoin journey to $5800"BTC broke the trendline earlier around 15500 and also grabbed the liquidity to the upside after this pump. the trendline is tested three times and bears are shorting aggressively. current scenarios confirm BTC to crash hard from here. BTC is likely to crash to $5800 from here because bears who shorted there there have'nt book their profits yet. bull run wont come before hitting $5800. we won't be hitting the inducement above $32k anytime soon because it will confirm the break of structure which will confirm that bull run after a liquidity grab. amid WWIII, situations aren't good and bull run isn't expected anytime soon. it is hard to believe but it is what it is. you might laugh at me now but, i have won almost every time using this strategy that I discovered myself.
Looking to short bitcoin targeting liquidity @ 22k Currently btc is reacting to HTF supply zone and creating new supplies and being respected as we starting to see a shift in Orderflow and bearish signs are present
So we waiting to see what that 4h zone do and look to take shorts if we have the confirmations we need
4h view
4 hour Bitcoin Double Top within a potential Head and ShouldersThe top down analysis begins with last month forming an indecision month while approaching a neckline. The weekly is at a high which is a great time time to short especially since price formed a Weekly bearish engulfing followed but a doji for the re-test. Price has ceased forming Daily higher highs and instead my 8 exponential moving average has crossed to the downside of the 21 simple moving average. On 5/7/23 a new 4 hour lower low was confirmed. On 5.8.23 @ 16:14 pricer was creating an even lower low declining to $27,453.32. TDI isnt trending yet however the signals are bearish. Price needs to re-trace in order for me to take a short intraday position.
Bitcoin Head and Shoulders BreakdownBitcoin is breaking the neckline here for the current Head and Shoulders pattern that's been forming the last few weeks.
My target for Bitcoin is to come down and re-test the important support zone at / around $25,300 - $25,500 which would be a strong support level to bounce from.
Having a reset here and providing a slid launch point would likely push us to the Fib Golden Pocket around FWB:48K -$50k
What do you think?
BTC - sell and buy zones.Hello! It is visually evident that a so-called "falling wedge" has formed on the chart, which is one of the most well-known patterns in the market. The wedge typically indicates that supply and demand in the market are converging, and can be a signal for traders that the price may change its direction.
In addition, buying and selling zones are highlighted on the chart. These zones can be useful for you, as they are a reference point for me in terms of where the price is expected to go in the near future.
Breaking out to the downside on the D. Bitcoin facing headwindsSay what you like, but on the daily, pending confirmation we're breaking out on the daily, to the down side. Bearish signals.
I expect this to be correcting to the next major target circa 25k in the next couple of weeks, looking at the momentum swing.
Bitcoin will dump hardly next week!Hello, everyone!
In yesterday's analysis pointed out that the dump to $10k is incoming and it will lasts next 3-4 months. I hope I am gonna be right because in opposite case the world will dive in the darkness next year. $32800 breakout it the scenario which nobody want to see. In this case the bear market will be for the next 3-4 years (compare it with 3-4 months). Just imajine which events could happen in the world in this case.
Now let's jump into the local Bitcoin analysis. In my opinion now the first impulse of the last bearish wave is forming. In general, my local forecast remains the same. The only one difference is that wave 2 is forming in the shape of triangle ABCDE correction. The wave 3 is incoming and it has the insane target at $23600. I don't think we will see the start of this move this weekend. I am going to use any bounce to short the Bitcoin with the best risk to reward.
Best regards, Ivan
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Bitcoin trend line resistance continues to cap gains.Bitcoin - 24h expiry - We look to Sell at 29386 (stop at 29986)
Trend line resistance is located at 29400.
Expect trading to remain mixed and volatile. Intraday signals are mildly bearish.
We look for a temporary move higher.
Prices expected to stall near trend line resistance.
Our profit targets will be 27886 and 27686
Resistance: 29300 / 30000 / 30400
Support: 29000 / 28700 / 28200
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Bitcoin Ready For Next Big Move! Is 25K Comin Today with FOMC ? Bitcoin in a triangle pattern trying to find its next move.We could touch 29.1 to sweep the high and 26.8 to sweep the lows before our main move.
We usually get a decent to big move with FOMC but sometimes the main move happen a day after
Losing 24.8K (golden pocket) could result in a HUGE capitulation.
*** DISCLAIMER No Financial Advice ***
Thanks for watching
BTC Bearish Sentiment Coming Back! Fake Pullback to 29K!Bitcoin bearish sentiment is coming back to the market. with sunday fake pull back to 29K and then losing it couple of hours after.
Strong bitcoin control zone at 25K which could led to 30K AFTER reaching 25k.
Losing 25K could result in a capitulation.
Thanks for watching and all your support
Potential BTC Short Between around 30.3k and 30.8k are some fresh resistance levels that are yet to be hit.
If price comes into this box with the criteria frp, listed I will take a short risking 1%-2% of my entire account.
*1hr money flow (Red/green oscillator
waves) coming down and crossing the 0 line
*1hr momentum creating a divergence (Blue
oscillator waves)
*1hr vwap (Yellow line on oscillator) curving down
to ward the 0 line.
*12min and down momentum divergence
*12min and down moneyflow coming down
Tp 1 - Value area high at 28870
Tp 2 - point of control at 28000
Tp 3 - Value area low at 26900
Leave the rest to ride
Bitcoin Strong Sell Signal:High Possibility It Will Break 27.2K Hello and welcome to another Bitcoin analysis video. In this video, we will take a look at the recent price movement of Bitcoin, which surged to $29.8 yesterday before having a sell-off and retracing back up to fill the fair value gap.
We will also use some technical indicators and chart patterns to predict where the price could go next and what are some of the key zones and levels to watch out for.
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