DeGRAM | BITCOIN potential shortBitcoin formed a box after sell off.
Notice how price action is moving: extension, pause, and extension.
We expect further bearish move and break the box then retest the main support
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Btcidea
Btc ProjectionWhen we want to see the big picture, we see a large harmonic pattern covering the bull and bear .
Although the current price levels seem to have found support at 19K levels, I predict that this decline will continue until 12K. The reason for this prediction is the internal fractal patterns. If we want to explain this on the graph;
I think that the harmonic pattern, which I consider to be a shark pattern in the measurements above, has been completed and has started to form a new harmonic pattern. When we follow the existing candlestick from the CD leg of this completed harmonic pattern, we can observe that half of a new harmonic pattern emerges.
It can be misleading to predict which patterns this harmonic pattern will overlap right now. However, I can say that the new pattern will climb to at least 1.27 fibonacci levels.
Since I said it as a prediction, I think it would be more accurate to say that it will exhibit price movements in the range of 1.27 and 1.618 instead of saying that it will be 1.27.
If our prediction turns out to be correct and a harmonic pattern is formed at our expectation levels, we can add to this prediction that the retreats of this harmonic pattern will be in the range of 11-14K.
If we narrow the frame a little more and zoom in on the price movements, it seems that the current price movements draw a triangular chart.
Upward jumps of the candle needles can also be clues that the triangle will break upwards. Of course, since this equilateral is a triangle, it may not be a safe sentence to say up or down about the direction until the candlesticks extend beyond the triangle.
But my prediction is that there will be an upward break depending on the harmonic pattern I just predicted.
When we go back to the big picture, we can see that the fractals we are talking about are more than one. It also appears that the harmonic pattern we just mentioned was in a larger fractal before it.
If we take a measurement by accepting the resistance zones of these harmonic patterns as average levels of 1.618 fibonacci, we also see that these harmonic patterns correspond to the previous supply regions.
But there is something else that will disrupt our plan. The 0.786 -0.886 C leg of the prices, which I think will be on the rise right now, can go down a little further to 1.13 fibonacci levels, forming a shark pattern.
In such a case, prices may fall to 16400 and return from there. It is also necessary to be careful against this situation.
NOTE:This is not investment advice.
BTC Senario for Sep. 17Take a look to the chart: Keypoint for tomorrow and Targets for each scenario
BTC Scenario for Friday Sep 15thKey point for Friday,
Represent resistance as long as the price below it
if the price rises above it, that key point will become support
Trade with caution
Good luck!
Bitcoin short term analysis !!!Hi lads. hope you're doing well.
So as you can see btc is still struggling at the bottom of the channel. Data shows that majority of the players are bearish at the moment.
In genearl, i think btc will go up from the current 19.5k levels. Also btc can touch 19.3k area before the jump just to trigger as many long positions stop loss as possible.
ideal area to buy btc or open long : 19.3k - 19.6k range
Also, dont use high leverage in your longs since the possibility of fake down legs are high atm. i recommend max 5 to 8 leverage.
Good luck and have a good one :)
BTCUSDT - Continue Down or pullback?#BTC/ANALYSIS
$BTC Lying on support and support trendline we have 2 options for BTC
1. If btc close 4h candle below $20.7k potential btc will go down retest on daily demand $19.2 - $19.9k Area. if we see in lower time frame looks like make a Head and shoulders pattern for BTC
2. Valid double bottom pattern if breakout and close above $21.6k potential retest on $22.7k and Dump going to daily demand $19k area
BTCUSDT - Broke Rising wedge #BTC/USDT ANALYSIS 4H
$BTC Break down rising wedge pattern and now will be retesting for continue down . in blue zone $23.3-23.7k key support level . Need sustain in this Area , if can't sustain possibilty btc back to retested at $20.8 - $21.3k Area
if we see from indicator in oversold area . i hope $BTC can rejected at key support level
we've to wait confirmation BTC in key support level if any rejection bullish candle we can setup entry
BTC/USDT ANALYSIS 4H#BTC/USDT ANALYSIS 4H
$BTC like option 2 . break the resistance and reject and dump after hit 1h Supply
for now btc will retested in $23.5k - 23.8k before continue down to $21.8k - $22k there is daily demand for BTC
for spot market we can wait confirmation first BTC now . on daily chart ALTS very overbough
BTC/USDT ANALYSIS 4H #BTC/USDT ANALYSIS 4H
$BTC until now still sideways volume so low as we know weekend so bored movement for BTC , i think BTC today will decide will breakdown support going to $21.8k - $22k or breakdown the resistance at $23.6k and continue up going to $24k
we can see daily candle looks like bearish harami and weekly candle like bearish spinning top, but on weekly is not valid cause not close we can wait until tomorrow
Daily RSI on ALTS showing bear divergence and overbought and also MACD Daily has death cross
conclusion ; BTC in daily and weekly candle showing bearish candle and the volume very weak accumulation need find the lower demand
BTC idea for today. 04.08.2022BTC went exactly as i planned yesterday. after a small breakout of ichimoku cloud it went into consolidation and then droped. For today i see scenario as it was 2 weeks ago. It will small rally to catch people into longs and then fast drop to around 22 000 where is good place to long. from there possible is 28k-31k if nothing bad on news will happen.
BTC/USDT ANALYSIS 4H$BTC still sideways at range $22.7k - $23.5k , in 1D timeframe look's like bear divergence on RSI . we have two options for btc movement
1. BTC breakdown the support and going to $22.8-22k that's a 4h demand for BTC
2. BTC breakout the consolidation and hit 1h supply and dumping hard
why i'am make a options btc moving like that, cause BTC very need some corrections first for make a new higher , if we look in daily timeframe very overbought for BTC . we've wait confirmation first
BTC/USDT ANALYSIS 28 June 2022BTC /USDT ANALYSIS
$BTC Break out the bullish flag wait big buy volume waiting for retest first, now btc at resistance trendline major ascending channel . RSI showing bearish divergnce at 1h timeframe potential reject and retest first at bullish flag trendline before continue upward movement. we can entry at ALT after BTC retest
#BTC/USDT 2HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
As we can see in the above-mentioned chart that BTC was rejected from the $20400 price level after a quick bounce of 8% from the lower green support.
In the current scenario, BTC is trading above the local support line at $19888.
Bounce above this level is likely in upcoming hours towards the resistance level again.
BTC needs to break above the current resistance to rally above $22k.
BTC is still uncertain so keep your SL tight on your holding positions and use low leverage to save your valuable funds.
Candle close below will lead BTC towards the lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Nostradamus 101: BTC EUR 1 year aheadI made this observation for myself to see what a year in crypto really looks like, let's see how right or wrong one can be, tread carefully. Personally, see it going to 30k, but that is speculation. Safe trading.
#Theywillwanttoflushthemarketbeforerealadoption
#Nothingiseverwhatitseemswhenbigmoneyisinvolved
Divide it all.