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BTC - Correction Phase Started 📉📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below $70,000 , BTC started the bearish correction phase. As long as the $70,000 resistance holds, we anticipate a movement towards the lower bound of the red wedge pattern. Moreover, the $60,000 - $62,000 range is a massive support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. 📚 As per my trading style: As #BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
Bitcoin can make small correction and then continue to riseHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago fell to the buyer zone, which coincided with the support level, but at once rebounded and started to move up. But soon, BTC made a correction to the 61400 level and after this, the price made a strong upward impulse to 68500 points, but at once made a correction again. After correction price tried to rise one more time, but BTC turned around and in a short time declined to 59000 points, thereby breaking the 61400 level. As well later, the price started to trades in an upward wedge, where BTC turned around from 59000 points and made a strong upward impulse, breaking the 61400 level one more time. After this price continued to move up some time more, after which the price made a correction to support line of the wedge. Then BTC rebounded up to the current support level, which coincided with the support area, and even entered this area and reached the resistance line. Soon price bounced back to the support line, but recently BTC backed up to the support area, and now the price trades even higher this zone. So, I think Bitcoin can make a correction to the support area, after which the price will turn around and continue to move up to the resistance line. Therefore I set my target at the 75000 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
HelenP. I BNB can rebound up from trend line and then fallHi folks today I'm prepared for you Binance Coin analytics. Some time ago price reached the support zone, which coincided with support 2, and soon broke this level, but later BNB fell back. After this, the price broke support 2 again and then rose a little higher, but soon the price turned around and made an impulse down to the trend line, breaking support 2 one more time. When the price fell to the trend line, it turned around and at once started to move up and soon reached support 2 and broke it again. Next, the price continued to move up to support 1, which coincided with one more support zone. And when BNB reached this level, the price broke it and entered to the support zone, but soon BNB made the correction below. After correction, BNB some time traded below support 1 and later finally broke it again and even rose higher than the support zone, but a not long time ago price fell back. At the moment, BNB trades near support 1, which coincided with the trend line inside the support zone and I expect that Binance Coin will rebound up from the trend line and then fall lower than this line and support 1, thereby breaking them. That's why I set my target at the 500 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
✅ Tia token analyses for SPOT position✍️ Celestia is a modular layer one blockchain network designed to solve the scalability problem in blockchains. ⚡️By separating the consensus and execution layers, this network allows developers to easily launch their own blockchains without the need for in-depth specialized knowledge, with high security and scalability. For this reason, it has been noticed and welcomed by many users and other projects and very good investments have been made on it🔥 According to the mentioned contents and the very bright history of Celestia, we can expect that investing in this currency will be profitable for us. Currently, in the technical discussion, Celestia's main token named Tia has broken its trend line and resistance line, and at the price of 16.20, it can be a suitable entry for spot buying. ✅Investing in cryptocurrencies is always risky and requires your own research and personal capital management
Long
by ehsan-tcp
BTC BREAKDOWN SHOW ON LOW TIME FRAMEBTC seems to have on low time frame and a breakdown trend confirmation. We will follow up to see if BTC is going to show some recovery trend on a daily low time frame. This update is only a day trend and can change with time when there are new confirmations. The weekend can have low volume, and from Sunday late there can be higher volume with the expected price action of start a new weekly chart. Monday the volume could increase more with starting the markets.
Short
by SatochiTrader
4