BTCanalytics
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🐝 BTC UPDATE
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs.
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things.
#BTC #BTC🔥🔥 #Bitcoin-BTC #BTCanalytics #etf
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs.
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things.
#BTC #BTC🔥🔥 #Bitcoin-BTC #BTCanalytics #etf
let see btc next move !
According to my analysis btc will go towards 60200 because around 60063 there are 22.1 M liquidation . so in order to grab those liquidations btc will move upward for now .
Not a financial advice but just analysis .
#BTCanalytics #BTC☀
According to my analysis btc will go towards 60200 because around 60063 there are 22.1 M liquidation . so in order to grab those liquidations btc will move upward for now .
Not a financial advice but just analysis .
#BTCanalytics #BTC☀
Market Analysis
March 29, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
BTC surged following the breakout of the bull flag pattern and is currently retracing towards the horizontal support level. There is anticipation for the bullish rally to resume, with the possibility of a continuation pattern forming. A strategic entry point could be at the horizontal support level, offering a favorable risk-reward ratio for investors seeking to capitalize on potential upward momentum.
⚪️WRAP-UP (VIP)
BTC has surged following the breakout of the bull flag. It's currently retesting horizontal support. Expectation is for a continuation of the bullish rally. Good entry point could be at the horizontal support level.
$BTC DAILY RANGE:
📈Upper Limit: 71550
📉Lower Limit: 68900
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
🔴SHORT
💲75000
#BTCanalytics #BTCpredictions
March 29, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
BTC surged following the breakout of the bull flag pattern and is currently retracing towards the horizontal support level. There is anticipation for the bullish rally to resume, with the possibility of a continuation pattern forming. A strategic entry point could be at the horizontal support level, offering a favorable risk-reward ratio for investors seeking to capitalize on potential upward momentum.
⚪️WRAP-UP (VIP)
BTC has surged following the breakout of the bull flag. It's currently retesting horizontal support. Expectation is for a continuation of the bullish rally. Good entry point could be at the horizontal support level.
$BTC DAILY RANGE:
📈Upper Limit: 71550
📉Lower Limit: 68900
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
🔴SHORT
💲75000
#BTCanalytics #BTCpredictions
BTC is currently challenging a key horizontal resistance level, which is coinciding with the MA 100 acting as a barrier. The RSI is indicating an overbought condition. To confirm a bullish trend, a strong breakout above the horizontal resistance is essential; otherwise, a correction may be imminent.
#BTCanalytics #CryptoNews #crypto2023 #crypto #CryptoTalks
#BTCanalytics #CryptoNews #crypto2023 #crypto #CryptoTalks
#BTC
Bitcoin is struggling to hold support with decreasing chances of staying above it🫠
Recently we saw first net outflows since ETF approval showing weak spot volume📊
Futures positive funding continues🤔
Being long Bitcoin here is not recommended☝️
#BTCanalytics #TrendingTopic #Write2Earn
Bitcoin is struggling to hold support with decreasing chances of staying above it🫠
Recently we saw first net outflows since ETF approval showing weak spot volume📊
Futures positive funding continues🤔
Being long Bitcoin here is not recommended☝️
#BTCanalytics #TrendingTopic #Write2Earn
Today, we have a CPI data coming out in Newyork session. So, we may expect a volatility movement.
Here is the idea for BTC.
We have two options here. Personally, I am with the bears. But all options are on the table.
#BTCanalytics
Here is the idea for BTC.
We have two options here. Personally, I am with the bears. But all options are on the table.
#BTCanalytics
BTC Consolidation Update: What’s Next? 🚨
Hey everyone, how's it going? As you might have noticed, BTC has been following the predictions I made earlier. But now, what's next? Will BTC pump, or are we looking at another drop? Let’s dive into the details below.
🔸 4-Hour Chart Breakdown
If we check the 4-hour chart, we can clearly see BTC's last rejection at $66,500. I previously mentioned that a normal pullback would follow, and that’s exactly what happened. Over the last 4-5 days, BTC experienced a significant drop from $66,500 to $59,990.
In the chart, the red area I marked represents the consolidation zone. This area usually forms after a bullish candle, followed by 3 or 4 bearish candles. After this, a small pump typically happens to fill the candle pattern, after which the price returns to the consolidation zone, gearing up for a bigger pump.
And that's exactly where BTC is right now!
🔸 The Opportunity Ahead
Now is one of the best times to consider a long position in BTC. Looking at the 1-day chart, BTC is currently preparing for a larger pump. The price sits at around $61,800, meaning there's a strong potential for profit if you enter now.
The support line on the 1-day chart is also about to break, which signals even more bullish momentum ahead. I wouldn't be surprised if BTC crosses the $70,000 mark in the coming days. Why? We have strong bullish confirmations from multiple indicators.
So, don’t hesitate to place a long trade right now. But remember, always set your stop-loss carefully! Wishing you a profitable day, everyone!
🔸 4-Hour Chart Breakdown
If we check the 4-hour chart, we can clearly see BTC's last rejection at $66,500. I previously mentioned that a normal pullback would follow, and that’s exactly what happened. Over the last 4-5 days, BTC experienced a significant drop from $66,500 to $59,990.
In the chart, the red area I marked represents the consolidation zone. This area usually forms after a bullish candle, followed by 3 or 4 bearish candles. After this, a small pump typically happens to fill the candle pattern, after which the price returns to the consolidation zone, gearing up for a bigger pump.
And that's exactly where BTC is right now!
🔸 The Opportunity Ahead
Now is one of the best times to consider a long position in BTC. Looking at the 1-day chart, BTC is currently preparing for a larger pump. The price sits at around $61,800, meaning there's a strong potential for profit if you enter now.
The support line on the 1-day chart is also about to break, which signals even more bullish momentum ahead. I wouldn't be surprised if BTC crosses the $70,000 mark in the coming days. Why? We have strong bullish confirmations from multiple indicators.
So, don’t hesitate to place a long trade right now. But remember, always set your stop-loss carefully! Wishing you a profitable day, everyone!
