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As of October 14th, BTC is experiencing a current downtrend. ➡️ Daily: The closing of the green pin bar candle appears to be restraining the downward momentum seen in the series of preceding red candles. The horizontal support level is currently around 26,000. ➡️ H4: BTC underwent a retest around 27,1xx with significant trading volume, followed by a decline. It is currently trading around 26,8xx. In general, based on the analysis from ptkt, BTC is in a decreasing trend and has broken the trendline across all time frames. We are still monitoring for any potential rebound towards the crucial high zone, but we anticipate selling pressure to continue in line with the prevailing trend. ➡️ If BTC's price breaches the lower support areas around 26,000 and 24,800, it could be highly detrimental for BTC. However, if BTC manages to close above 28,100, the current plan will be invalidated. ➡️ By the end of the week, it is expected that BTC will continue to move sideways, potentially resulting in minor price fluctuations (pump and dump scenarios).

As of October 14th, BTC is experiencing a current downtrend.

➡️ Daily: The closing of the green pin bar candle appears to be restraining the downward momentum seen in the series of preceding red candles. The horizontal support level is currently around 26,000.

➡️ H4: BTC underwent a retest around 27,1xx with significant trading volume, followed by a decline. It is currently trading around 26,8xx.

In general, based on the analysis from ptkt, BTC is in a decreasing trend and has broken the trendline across all time frames. We are still monitoring for any potential rebound towards the crucial high zone, but we anticipate selling pressure to continue in line with the prevailing trend.

➡️ If BTC's price breaches the lower support areas around 26,000 and 24,800, it could be highly detrimental for BTC. However, if BTC manages to close above 28,100, the current plan will be invalidated.

➡️ By the end of the week, it is expected that BTC will continue to move sideways, potentially resulting in minor price fluctuations (pump and dump scenarios).

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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💸BTC updated November 21 Current trend : pump In general, BTC is still running an upward sideways wave Daily: forming a series of bullish and running candlesticks in the motherbar, there is still no bearish reversal on the daily H4: price is still running in the rising wedge and continuously creating a higher bottom and has not broken any support on H4 ➡️If the price remains above 364xx, the bullish is still quite strong, guys. When the plan is closed or fails, I will update you ➡️During the day, it is still expected to increase in the motherbar margin on Daily.
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Market Overview on November 8 👉 Price movements in 24 hours: - BTC sometimes dropped to $34k5 but quickly returned to the $35k3 area at brighter times. - BTC has not yet corrected its depth after the recent price increase. - More than $53 million in stablecoins have been deposited (https://pro.nansen.ai/stablecoin-master) onto exchanges in the past 24 hours. 👉 Strongest increase/decrease: - $TWT (+10.1%) - TONS (+8.5%) - $KAS (+7.5%) … 👉Prominent cash flows on Binance: - Polkadot ecosystem: $MOVR, $GLMR - Seed cards: $ORDI, $PROS, $BADGE … 📌 What's the news in the last 24 hours? - Revealing the owner of a $470 million Ethereum whale wallet with many surprising details - SushiSwap proposes a tokenomic replacement for $SUSHI - US President Biden's administration wants to strengthen cryptocurrency management - Binance Lists Orders ($ORDI)
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BTC 16/10 Update ✅ The weekly chart has closed with a star evening pattern, confirming that the pullback has stopped and indicating the beginning of a downtrend. This is further supported by the RSI showing lower highs, along with relatively strong selling volume, while the MACD continues to show no signs of switching sides. This suggests a potential opportunity to buy. On the H4 timeframe, there is buying power, and it closed overnight at 26,953. There is a possibility of retesting the 27,690 level later in the night, with a further decline to around 28,000, in line with the weekly frame. If the market manages to close above 28,000 on the H4-D1 timeframe, it could turn extremely bullish. For margin trading, consider shorting BTC around 28,150. In the spot market, consider entering to buy again when BTC reaches around 24,000." Please note that this information is related to cryptocurrency trading and should not be considered as financial advice. Always conduct your research and consult with a financial professional before making trading decisions.
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BTC Update on 13/10: In general, BTC on the daily chart is declining and has experienced a rebound in the area around 268xx. If it drops further, a pullback will be necessary. ➡️ H4: It is still trading sideways around 300, with a price range of 266xx to 269xx. ➡️ H1: It has formed two price bottoms with a slight recovery around the EMA. If we break 26950, we may find support again around 272xx. The previous support level has been tested multiple times and has now become the current resistance. The morning strategy is to identify important areas to locate potential long positions and short opportunities. We should wait for BTC to react around 272xx to identify a selling point.
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BTC Analysis for September 18th: Long-Term View: In larger timeframes, BTC appears to be moving towards a price range between $24,800 and $23,000 based on a flat expansion pattern. Short-Term Analysis (H4 - H1): In the short term, BTC is exhibiting sideways movement with low amplitude. There is a potential to form a Point of Control (Po3). Afterward, there may be a bounce around $26,900 to $27,100, followed by a decline. Success in this plan depends on closing the H4 candle above $27,500. Trading Strategy: Consider entering a strong position around $269 to $271, and exit when the H4 candle closes above $27,574. Weekly Expectation: Anticipate that the peak of the week will occur on Thursday (T4) and then experience a decline. Tuesday (T2) is likely to exhibit increased volatility, possibly leading to the trading of various altcoins.
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