BTCBearish
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Today we will talk about the “Triple Top and Triple Bottom” Pattern 👨💻
A “Triple Top” is drawn at the highs when quotes are trending upward - unlike a “Double Top”, it has three price peaks. This means that the graph locally goes up three times and goes down three times. After the third fall, the base line is broken and a sale is made. A “triple bottom” reflects a top, but not at local highs, but at local lows. Accordingly, after the base line is broken, a purchase is made.
There are certain rules when trading triple bottom chart patterns. First, you need to see the market phase, whether it is moving up or down. Since a triple bottom forms at the end of a downtrend, the preceding trend must be downward. You must determine whether three rounded bottoms are formed and also note the size of the bottom. You should only enter a long position when the price breaks a resistance level or neckline.
#EducationalPost
#Write2Earn #BTCBearish #Jupiter(JUP) #TrendingTopic #PYTH
A “Triple Top” is drawn at the highs when quotes are trending upward - unlike a “Double Top”, it has three price peaks. This means that the graph locally goes up three times and goes down three times. After the third fall, the base line is broken and a sale is made. A “triple bottom” reflects a top, but not at local highs, but at local lows. Accordingly, after the base line is broken, a purchase is made.
There are certain rules when trading triple bottom chart patterns. First, you need to see the market phase, whether it is moving up or down. Since a triple bottom forms at the end of a downtrend, the preceding trend must be downward. You must determine whether three rounded bottoms are formed and also note the size of the bottom. You should only enter a long position when the price breaks a resistance level or neckline.
#EducationalPost
#Write2Earn #BTCBearish #Jupiter(JUP) #TrendingTopic #PYTH
The Fed decision panic the whole market crypto and share market alike. now we will see BTC downtrend soon.
#Write2Earn #TradeNTell
#BTCBearish
#Write2Earn #TradeNTell
#BTCBearish
BITCOIN PRICE AIMS HIGHER, DECODING KEY HURDLES TO FRESH INCREASE
Bitcoin price made another attempt to clear the $43,400 and $43,500 resistance levels. However, BTC struggled to extend its gains and recently started another decline below $43,000.
There was a move below the $42,800 support. A low is formed near $42,320 and the price is now consolidating losses. There is also a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading below $43,000 and the 100 hourly Simple moving average. Immediate resistance is near the $42,900 level. It is near the 50% Fib retracement level of the downward wave from the $43,489 swing high to the $42,320 low.
The next key resistance could be $43,200 and the 76.4% Fib retracement level of the downward wave from the $43,489 swing high to the $42,320 low, above which the price could start a decent increase.
The next stop for the bulls may perhaps be $43,500. A clear move above the $43,500 resistance could send the price toward the $44,000 resistance. The next resistance is now forming near the $44,200 level. A close above the $44,200 level could push the price further higher. The next major resistance sits at $45,000.
DOWNSIDE BREAK IN BTC?
If Bitcoin fails to rise above the $43,000 resistance zone, it could start another decline. Immediate support on the downside is near the $42,320 level.
The first major support is $42,250. If there is a close below $42,250, the price could gain bearish momentum. In the stated case, the price could dive toward the $41,200 support.#BTC; #BTCBearish #btctothenull #BTC
Bitcoin price made another attempt to clear the $43,400 and $43,500 resistance levels. However, BTC struggled to extend its gains and recently started another decline below $43,000.
There was a move below the $42,800 support. A low is formed near $42,320 and the price is now consolidating losses. There is also a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading below $43,000 and the 100 hourly Simple moving average. Immediate resistance is near the $42,900 level. It is near the 50% Fib retracement level of the downward wave from the $43,489 swing high to the $42,320 low.
The next key resistance could be $43,200 and the 76.4% Fib retracement level of the downward wave from the $43,489 swing high to the $42,320 low, above which the price could start a decent increase.
The next stop for the bulls may perhaps be $43,500. A clear move above the $43,500 resistance could send the price toward the $44,000 resistance. The next resistance is now forming near the $44,200 level. A close above the $44,200 level could push the price further higher. The next major resistance sits at $45,000.
DOWNSIDE BREAK IN BTC?
If Bitcoin fails to rise above the $43,000 resistance zone, it could start another decline. Immediate support on the downside is near the $42,320 level.
The first major support is $42,250. If there is a close below $42,250, the price could gain bearish momentum. In the stated case, the price could dive toward the $41,200 support.#BTC; #BTCBearish #btctothenull #BTC
Today free signal
Short BTC-43200-43500
Leverage 10x
Stoploos-44100.
Targets-42850-42550-42250
#Write2Earn #BTCBearish #BTC/USDT🔥 $BTC
Short BTC-43200-43500
Leverage 10x
Stoploos-44100.
Targets-42850-42550-42250
#Write2Earn #BTCBearish #BTC/USDT🔥 $BTC
The strongest support level in the BTC market is 64400. The market can't break it. If the market breaks it, the big players in the market, who are buying BtC for millions of dollars,ETF people who are driving the BTC market will also panic from here if BTC breaks this level of support. will all panic. and btc will start to sell so i am very excited that btc will never break 64400 and will go up again from here within a week slowly.
$BTC #BTCBearish
$BTC #BTCBearish
Thanks to Peter from Fintech Factory, we confidently navigated the crypto legal landscape, ensuring our project's compliance and success, resulting in our BST token listing on MEXC. Great service"
#sanor016CommUNITY
#btctothenull
#BTCBearish
#sanor016CommUNITY
#btctothenull
#BTCBearish
Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst
Bitcoin's RSI divergence signals correction, 10x Research said.
Bitcoin (BTC) has declined over 5% to $42,600 since spot ETFs debuted in the U.S. on Thursday in what appears to be a classic "sell the fact" price action.
The sell-off could continue over the near term, according to analysis of bitcoin's price patterns and technical indicators by 10x Research.
Bitcoin's RSI divergence signals correction," 10x Research, led by Markus Thielen, said in a note to clients Monday, adding the pullback could run out of steam near the dynamic support level of $38,000.
A bearish divergence occurs when prices reach a new extreme and momentum indicators like the relative strength index (RSI) don't, hinting at upside exhaustion.
BTC hit a two-year high above $49,000 last week, which the 14-day RSI failed to confirm, as seen in the chart below. The subsequent price drop has validated the bearish divergence.
#Write2Earn #Bitcoin #BTCBearish $BTC $ETH $JUP
Bitcoin's RSI divergence signals correction, 10x Research said.
Bitcoin (BTC) has declined over 5% to $42,600 since spot ETFs debuted in the U.S. on Thursday in what appears to be a classic "sell the fact" price action.
The sell-off could continue over the near term, according to analysis of bitcoin's price patterns and technical indicators by 10x Research.
Bitcoin's RSI divergence signals correction," 10x Research, led by Markus Thielen, said in a note to clients Monday, adding the pullback could run out of steam near the dynamic support level of $38,000.
A bearish divergence occurs when prices reach a new extreme and momentum indicators like the relative strength index (RSI) don't, hinting at upside exhaustion.
BTC hit a two-year high above $49,000 last week, which the 14-day RSI failed to confirm, as seen in the chart below. The subsequent price drop has validated the bearish divergence.
#Write2Earn #Bitcoin #BTCBearish $BTC $ETH $JUP
Having a good teacher motivates every person and motivation leads to progress_tnx Mr:@sanor #sanor016CommUNITY 📊🇦🇫🫀💪🏻
#BTCBearish #TrendingTopic #bainance
#BTCBearish #TrendingTopic #bainance
$BTC Looking at the current chart, if you are observant enough you would notice the market is at a very crucial point on the monthly TF, on the daily TF it is forming a double top. I would advise extreme patience at this point for a confirmation candle to be formed, either for there to be a false breakout or a strong bearish candle to be formed then we go short to $35k
Note: Trading is reactive and not predictive
#Write2Earn #BTCBearish #btctothenull
Note: Trading is reactive and not predictive
#Write2Earn #BTCBearish #btctothenull
#KNC/USDT SHORT POSITION
ENTRY: 0.5830. 0.5890
TARGETS: 0.5750. 5670. 5600. 5500. 5450
Leverage 10X 20x
STOP LOSS: 0.6000
@mjcryptovip
#BTCBearish
ENTRY: 0.5830. 0.5890
TARGETS: 0.5750. 5670. 5600. 5500. 5450
Leverage 10X 20x
STOP LOSS: 0.6000
@mjcryptovip
#BTCBearish
#BTCBearish Update
btc has broken the support level now I'm expecting some dump in BTC let's see👁️👁️
btc has broken the support level now I'm expecting some dump in BTC let's see👁️👁️
