LIVEBTC Analyst
@BTC_Analyst
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#$BTC
What direction are we heading towards? 🧐🤔
According to my previous post I said the market is in a potential head and shoulders pattern, and that looks to be playing out now.
A full bullish candle of this 4hr candle will confirm my analysis, I'm expecting the market to pump to 53k, or 55k.
Another scenerio, there could also be a false break to 53k before a rejection back into the resistance zone which will lead to further downside, in this case we are moving all the way down to 49k or more
DYOR as I'm not a financial advisor
Note: Trading is reactive and not predictive
#TrendingTopic #Write2Earn
What direction are we heading towards? 🧐🤔
According to my previous post I said the market is in a potential head and shoulders pattern, and that looks to be playing out now.
A full bullish candle of this 4hr candle will confirm my analysis, I'm expecting the market to pump to 53k, or 55k.
Another scenerio, there could also be a false break to 53k before a rejection back into the resistance zone which will lead to further downside, in this case we are moving all the way down to 49k or more
DYOR as I'm not a financial advisor
Note: Trading is reactive and not predictive
#TrendingTopic #Write2Earn
Rögzítve
More upside on its way?!
$BTC $ETH
#BTC #TrendingTopic #Write2Earn
Looking at the chart on the 4hour timeframe i can see a potential inverse head and shoulders pattern.
The 52.5k has been a strong resistance, acting as a potential neckline, the 51.3k is also a support area acting as a potential shoulders, the break and reclaimed 50.6k is also a potential head
I'm waiting for a retest at the 51.3k to place a long position, which could take us to 55k-58k Aov
It will be invalidated if the price breaks this support below the 50.6k, then more downside would be expected towards the 48k Aov.
DYOR as this is only my analysis and not a financial advice
$BTC $ETH
#BTC #TrendingTopic #Write2Earn
Looking at the chart on the 4hour timeframe i can see a potential inverse head and shoulders pattern.
The 52.5k has been a strong resistance, acting as a potential neckline, the 51.3k is also a support area acting as a potential shoulders, the break and reclaimed 50.6k is also a potential head
I'm waiting for a retest at the 51.3k to place a long position, which could take us to 55k-58k Aov
It will be invalidated if the price breaks this support below the 50.6k, then more downside would be expected towards the 48k Aov.
DYOR as this is only my analysis and not a financial advice
$BTC Close all long positions❗❗
Things are about to get messy as the market has confirmed my expectation, in my previous post I mentioned that we could see a false break from 53k back into our resistance which has played out exactly
Now we are shorting down to 49k or more
Things are about to get messy as the market has confirmed my expectation, in my previous post I mentioned that we could see a false break from 53k back into our resistance which has played out exactly
Now we are shorting down to 49k or more
$BTC $ETH
What is the next market action? 🔻↘️
$BTC has been consolidating since the last 3 days, it is due for a correction. It has been rejected at the 52k AOV after the breakout around the 44k AOV and it is expected to make some corrections before a further upward movement, it has also formed a symmetrical triangle.
Entry Price - 52350
SL - 53200
TP - 49800
DYOR and risk what you can afford to lose
What is the next market action? 🔻↘️
$BTC has been consolidating since the last 3 days, it is due for a correction. It has been rejected at the 52k AOV after the breakout around the 44k AOV and it is expected to make some corrections before a further upward movement, it has also formed a symmetrical triangle.
Entry Price - 52350
SL - 53200
TP - 49800
DYOR and risk what you can afford to lose
$BTC Where is the market going? 🤔
Since 30/1/2024 when the market reached $43888 it has been consolidating forming a symmetrical triangle and at the same time it has formed a double top on the daily TF, I am not expecting the market to pump considering this fact, my expectations is for the market to break this range leading us to $40k then a retest to the symmetrical line support which will then turn resistance before a breakdown to 35k which is the next support area.
#Write2Earn #TrendingTopic #BTC #TradeNTell
Since 30/1/2024 when the market reached $43888 it has been consolidating forming a symmetrical triangle and at the same time it has formed a double top on the daily TF, I am not expecting the market to pump considering this fact, my expectations is for the market to break this range leading us to $40k then a retest to the symmetrical line support which will then turn resistance before a breakdown to 35k which is the next support area.
#Write2Earn #TrendingTopic #BTC #TradeNTell
#Write2Earn
$BTC What's the current/next move?
BTC is currently at a point where we are going to see a big dump.
The market on the daily TF shows a double top after the dump from 49k.
Going to the 1hr TF it can also be noticed that a head and shoulders pattern has been formed.
This shows clearly that the market is in a bearish momentum.
We would surely see a drop to 35k sooner than later.
$BTC What's the current/next move?
BTC is currently at a point where we are going to see a big dump.
The market on the daily TF shows a double top after the dump from 49k.
Going to the 1hr TF it can also be noticed that a head and shoulders pattern has been formed.
This shows clearly that the market is in a bearish momentum.
We would surely see a drop to 35k sooner than later.
$BTC It is currently at $42500 at the time of post, I am expecting a test to $41300 then a fake pump to $44400 after which we see a massive dump to 35k-33k area of support.
Apply a proper trade and risk management. There would be some high volitility as the market has been silent for some days now
Apply a proper trade and risk management. There would be some high volitility as the market has been silent for some days now
$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
LIVEBTC Analyst
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#BTC What is Bitcoin's next move? #fomc
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice
#BTC What is Bitcoin's next move? #fomc
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice