#Bitcoin Current Update ( Daily Time Frame )Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Everyone is focused on the Major Trendline
On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls.
- We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward.
- We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Btcusdtrade
How will the Candle of the current 6 Months be Closed❗️❓Hi everyone👋 (Reading time less than 5 minutes⏰) .
Today I want to show you the 🎯 target 🎯 of Bitcoin for the next 5 months using the 6-month Bitcoin candles.
⚖️Bitcoin has created 6-month candles in the last 7 years, and if we look closely at these candles, we can see similar movements in them.⚖️
⚖️I divided the 6-month candles into 5 similar movements.⚖️
⚖️The first movement consists of three candles, which showed an upward movement before the start of the correction, which are similar in both periods of the first movements.⚖️
⚖️In the same way, the next candles had similar movements.⚖️
⚖️If the fifth movement wants to be similar to the fifth movement of the previous movement, the candle of the current 6 months has to close in red, and 50% of the fourth movement should have a minimum decline (about $22,780) .⚖️
🔔As a result, I expect Bitcoin to drop to at least $22,780 in the next 6 months.
It is interesting to know that this analysis is similar to my previous post on "Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️"It is compatible; I recommend you to read the following post as well.👇
Bitcoin Analyze ( BTCUSD ), 6-months time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
✂️Bitcoin LOST the support line✂️(1-hour time frame)It seems that Bitcoin managed to complete the correction structure of Double Three Correction(WXY) in the last three days.
The 💡 Sign 💡 of the completion of the Double Three Correction structure can be the breaking of the support line .
➕Also, if we look at the RSI indicator in the 1-hour time frame, we can see the 🗻Double Top Pattern🗻 , and I expect the RSI to move downward in the coming hours .👇
🔔I expect Bitcoin to attack⚔️ the 🟢 support zone($29,860-$29,420 )🟢 again after breaking the support line .
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN first 28k then more green candlesticks ❌🧨Hello 🐋
based on the chart, the price again sticks in the range position middle of the parallel channel 📖💡
for
any other huge pump, we need even more correction to the downside ❌🧨
beside
brief amount of gain and green candlestick is logical 📖💡
and
range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTCUSDT--34K or 25K ??Observations:
If we see on the weekly chart the previous demand zone is clearly resisting the price to go up.
on bottom side price has taken the support from previous supply zone/Resistance Acts as support and price moves up.
Weekly analysis...
Daily Analysis::
If we see on daily analysis...the price is in a range from few days...
the previous supply zone is resisting the price to gg down.
If price breaks this zone then only we have a chance of short oppurtunity...
A rally base rally is going to observe if price breaks this range, on upside.
No retest is observed after breaking the trendline as well...if it wants to test this 34000 wants to acts as resistance.
Short BTCUSDT at 30.9 -> 31k | Target 27-> 28k
The market is in the distribution stage. So I will comeback to BINANCE:BTCUSDT.P short Setup
Entry SHORT at 30900-31000
SL: 31400
TP1: 29800
TP2: 28500
My Setups are usually simple and straightforward
I will update this Setup regularly
Thank for your comment and boost, follow
BEARISH FOR JULY
BITCOIN stick in range zone first we need correction ❌🧨Hello 🐋
based on the chart, the price stick in the range market cycle and it is temporary 💡📖
beside
it is stick into the parallel channel and the green candlesticks become weaker and weaker 💡
for
any other huge pump, we need more correction to the downside at least close to next support area (28k) 💡📖
👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Bitcoin decline after completion of pullback(1-hour time frame)Hi everyone👋 (Reading time less than 2 minutes⏰).
First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇
Bitcoin started to decline after contacting the upper line of the rectangle pattern ; the first support in front of Bitcoin was the uptrend line .
Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢 support zone($30,700-$30,560) 🟢 a few hours ago.
Bitcoin is currently completing a pullback to the broken 🟢 support zone($30,700-$30,560) 🟢.
Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA , which is a sell signal , and the resistance in front of the Bitcoin are 20-SMA and downtrend line , which has reacted well to this extreme move in the previous two minor pivots .
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT at daily support, may bounce to 30636The price dropped from 4h resistance 4HR2, which was our target for last long trade, to the daily support zone DS1. The price bounced from there only to revisit this support again. I think a long is suitable and favorable from this support zone again. I expect the price to again move towards 4h resistance zone 4HR1. That should be our target for this long trade.