You better run away now...I believe I've explained everything on this chart, but here's what I think is happening:
BTC is about to drop even more. First supports are ~41k. Then we may fall to sub 40, then 30-28, and the bottom I can't believe may be even below 20k. BTC after every new ATH fell over 80%. That would be ~14k...
You may want to get away now. Just be warned. Death cross is coming.
I can see a little possibility to grow a bit more. We must defend 41k, and then break through many levels, but road to the new ATH ~70-80k would be open. But this is very unlikely ATM IMO.
What is more important now - we've just copied the 2013 scenario.
BTC made the first top in April, dropped, 3x touched EMA 50, and after 230 days made the new ATH. Just like in 2013.
I've marked all the similarities I've noticed, just look.
To understand the situation even more go to the related Idea from 3.12 down below.
We have falling price, falling volume,
H&S pattern and rising wedge - here explained
RSI created a pattern that is also convincing me we're more likely to drop.
What your opinion?
Anyway trade with caution!
Btcusdtshort
BTCUSDT ! Key level is broken, Very bullish candlesticks Last 1 month Bitcoin was wrestling with the key level; $24,500. But it broken through on Aug 12th. The resistance level tested three times before gravestone doji candlestick formed which indicates the resistance line had broken and it became support line. As once was the strong resistance line becomes support line, it gives traders confidence to take long position.
#BTC/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 1DAY UPDATE !
BTC has formed a ascending triangle pattern and is breaking out of its ascending triangle pattern to the upper trade line. We can see if ya situation is there.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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WILL BTC BE ADLE TO BREAK THE LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
one again BTC is trying to break this ascending triangle pattern 4hours candle closes in 47min let's see if it will be able to close above this upper resistance of this pattern.
or it will be a fake-out again
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BTC: ANOTHER BULLISH SCHNARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this Descending Broadening channel in 1day timeframe.
We can expect a good rally from here but IMO never trust BTC in case of a breakout it’s always surprised us.
BTC breakout this 137 days resistance so most probably it will bounce
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BTCUSDT perpetual analysis 1DAs it can be seen on the 1D time frame, the price has been experiencing difficulty to break the sell-zone. The upthrust and the almost SOT bar (check the chart image) might indicate a downward movement on the 1D time frame, which can cause the price to get back to 22300 - 23500.
BTCUSDT: Elliot Price action Daily Hello friends. Bitcoin seems to have reached a point after a trend where there is a possibility of a drop due to several reasons of hitting the weekly base average and weakness in the trend. There is a possibility of falling to the range of 20k, and after that the price should reach the accumulated energy towards the target of 28800, which is the final wave and wave C.
BTC: BREKOUT THIS ASSCENDING TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
BTC breakout this ascending triangle and is currently holding this horizontal support. It has created a fake-out in the previous higher high move, so this is an important situation that it may do this time too.
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Bitcoin ready for correction (Short)After a strong bullish movement inside a wide TR, which seems like an exhaustion gap, I expect a bearish move here after a double top in higher timeframes as well as a nested double top in lower timeframes, we also have a wedge top at this area so a move down is very likely!
NFA
BTCUSDT (Short)BTCUSDT is showing bearish divergence on MACD on 4 hourly chart with price action rounding off. With the formation of Double Top, price is likely to break the bullish trend.
For aggressive traders, bearish divergence on MACD and bearish engulfing is enough to short @ 23,700
For conservation traders, wait for price action to break the trendline @ 23,200.
TPs are based on previous strong support zones:
- TP1 - 22,450
- TP2 - 21,900
- TP3 - 21,300
BTCUSDT: Difficult but possible:)The correction of the BTC price continues.
My long position was closed in the breakeven zone.
At the moment I am watching the dynamics and plan to open a short position at the end of the intermediate wave C in wave B.
All in all, last two weeks is very contradictory and difficult to plan good trades. The nature of the price movement is "jagged" and I have to edit the wave count very often.
Be careful and take moderate risks in situations where you don't know exactly what to expect in the future.
BTC: TRADINGNG INSIDE THE TRIANGLE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is moving in an ascending triangle and is currently rejected from the horizontal resistance. It has created a fake-out in the previous higher high move, so this is an important resistance to observing a breakout with a successful retest for the confirmation of a bullish trend. At the same time, a sustained breakdown of the ascending triangle would be a bearish sign for it.
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