💸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.

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 )

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.

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).

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.

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.

BTC Update as of September 14:

Current Sentiment: Bullish (Recovery)

Daily (D1): The standard contribution increase continues despite yesterday's positive CPI news favoring the USD. Bulls have been persistent in their efforts to drive the price up from the 25,000 area over the past two days.

4-Hour (H4): The price is currently consolidating within the 26,000 to 26,200 range. Overall, it remains in a broad horizontal range.

1-Hour (H1): The price is exploring levels near the lower range of 25,700 to 25,800 and shows signs of upward movement after descending. It is creating higher levels around 26,500.

In summary, BTC appears poised to continue its upward momentum, aiming to locate supply around the 27,100 level, which had previously marked a bearish structure.

The market has completed wave 1 and is now undergoing the first retrace on its way to 23kx in the medium term. The current price range is in the middle, and both buy and sell orders are intended for scalping. There are two milestones to watch for potential pullbacks: 266-268 for selling and 236-238 for buying

BTC Update as of August 30th:

👉 On the 1-day timeframe, after several days of sideways price movement around the $26k region, BTC experienced a robust rebound to $28k last night. Notably, there exists formidable resistance at EMA34, EMA89, and EMA610. Subsequent adjustments are expected.

👉 Similarly, the 4-hour timeframe for BTC is currently encountering strong resistance at EMA610. Additionally, a Hammer candle closed, indicating a potential minor correction.

👉 The price gap at $28k has now been filled.

👉 Personal Opinion: I am considering a SHORT position on BTC in the range of $28k - $28.3k, with potential SHORT positions around $26.5k - $26k. There is a possibility of a significant test around the $24k zone

Let's take a look at the price movements over the past few days 👇👇

1️⃣ BTC once moved to the 26k8 area, now back to the 26k zone.

2️⃣ Trading volume is below average.

3️⃣ The market fell slightly.

BTC's liquidity zone shall be 25k6 - 26k7

👉 BTC has moved to the 26k8 area, close to the peak of the liquidity zone as we mentioned. However, BTC could not move higher and was quickly brought back to the 26k price zone.

The general market is currently in a state of indecision, as every move of other altcoins in the market depends on the nasty price movements of BTC.

It will probably take BTC 3-4 weeks to move in this 25k3 - 27k1 liquidity zone. As usual, any strong movement either side would determine the direction of the market.

$BTC is anticipated to move sideways around the hard support of $25,000 for a few weeks, followed by a rally to the range of $27,000 to $29,000. This trend is expected to be mirrored in the recovery pattern of the majority of Altcoins. The support zone around $25,000 displays notable strength, as it previously witnessed substantial demand from institutional investors and long-term holders. This level has undergone multiple tests in the past before yielding. Many current Altcoins have either breached the lows of late 2022 or established a floor in early 2023. After experiencing a significant decline from April until now, the prolonged four-month decrease in Altcoin prices appears quite extensive. A plausible scenario involves a rebound followed by subsequent declines, offering a more reasonable trajectory.

On the 1-day timeframe, USDT.D has formed a price wedge, currently positioned at the upper boundary of this wedge. The width of the wedge is still quite significant. When this is considered alongside the $BTC chart above, a more plausible scenario suggests a retracement followed by a continuation of movement within the wedge. If USDT.D experiences a decrease in value, it could potentially lead to a recovery in both BTC and altcoins.

All of this is just personal opinion, DYOR.

After an exhausting week in the crypto world, we are currently witnessing a period of slight consolidation. After BTC remained within a range for over a month, its value has dropped to around 26K. We previously mentioned the possibility of this occurring if the trend line we drew were to be broken.🕯

At present, it is holding within the current range, but we anticipate a potential drop to the yellow box, which represents a significant demand zone. Should it break below this level, there is a chance of increased volatility, with the next potential liquidity zone being around $19,900.🆘

🤖 As a consequence of last week's market reactions, a substantial imbalance has emerged on the chart, encompassing the range of $26,800 to $28,600. These imbalances should eventually be reconciled, and the price action could undergo a reversal from the demand zone or a similar area.

Despite this, the economic data isn't unfavorable, and there is potential for BTC to regain momentum. The market structure is now exhibiting signs of a possible change of character. As long as the demand zone remains unbroken, there's no need for undue concern; if it remains intact, a bullish stance can still be maintained.

$BTC / $USD - Update For those looking for a long scalp after this breakout we saw. I am looking for us to flip $29,700 into support, which is the EQ of the Range high / EQ level .. Trying not to overcomplicate it here

BTC update 14/8

Weekly: close the green pin bar, break through the high of the previous last red candle at 30250 then withdraw

Daily: standard red candle closes inside the previous mother bar + bearish red candle

H4: close engulfing candle after moving sideways above ema

➡️ if BTC continues to drop its beard to the area 289-288 then turns up, it will find around 30100 - 30200 again like a weekly signal

➡️ if BTC breaks 28500 and closes the lower candle, it will fall to 28200-28000 and will udpate later for you

$BTC / $USD - Update Still out of a #Bitcoin position as we failed to retest yesterday. So my two triggers are

- Reclaim the rejected high at $29,300 for a long entry - Lose the low and support at $29,000 for a short entry

$BTC / $USD - Update I remain in my current stance and won't look to short unless we lose $29,000 and stay below that level. For now we are hovering above and the breakdown seems imminent in my eyes

$BTC / $USD - Update I feel we will be stuck above this support zone for this weekend. For now no entry for now as we just remain range bound. Might be forced to go and touch some grass today

$DOGE / $USD - Update Playing out lovely so far. If you are not in yet, be prepared for the dip into the support zone at 0.075c. I feel this is a good opportunity to load up, and remain in IF we hold that level well

$BTC / $USD - Update This drop was no surprise with how weak the bulls have been, even failing the reclaim the range low. I had remained short as shared over the last week, as failed to reclaim any levels at all So my $28,000 now becomes more of a reality

$BNB / $USD - Update $245.00 is the level the bulls need to flip this week in order for us to get into a position. Been a few weeks, but finally i think we are due for an entry soon