Bitcoin drop to support level... Correction to support before rally
just saw this massive multi year head and shoulder pattern that usually means bearish. I post this more or less as a reminder or warning of a potential. hope this does not play out
just look at the chart historical pattern is happening again ! Even maybe new ATH !
Daily RSI support broken. Incoming correction before more move up
strong resistance after price broke support, price forming a sell change of character , im looking forward to selling it short term and buy it again, classic ping pong
When the market expects BTC to correct before the next price increase....like they expected BTC to correct to 20K about 1 month ago. My opinion is no. I'm on the cusp of 2023 and ready for a long draw until about May or July 2024. Probability of price increase by 10%. 90% off. The decision is up to you!
just very spekulating idea on BTC , for me looks like will start pull back shortly.
Hello Traders ! On 1H Time Frame, The BTC Price Reached a Resistance Level (42500.00 - 42578.02) Currently, We Have 2 Scenarios: Bearish Scenario📉: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 41500.00🎯 Bullish Scenario📈: If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish...
It is what it is. More boring Price action, they sell to target and we go up. There is nothing hard to understand about this. If that is difficult for you to understand, then good. Watch the video and listen. I make 18-20 minute videos regularly not to say what I think is going to happen, but to EXPLAIN why I think it will happen and how I analyze. I may have...
3 minutes ago NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as...
NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as stated. Slow...
As We Talked in The Previous Analysis: On 1H Time Frame, The BTC Price Reached a Resistance Level (42500.00 - 42578.02) Currently: The Higher Low is Broken (ChoCh). So, I Expect a Bearish Move. TARGET: 43000.00🎯
I keep posting this idea on a WEekly charts. Im not changing the idea on Weekly. We might see 40k$ bitcoin before Halving. Trade it or buy it as a COin. If youre a coiner then HODL it .. This is not a financial advice. Ever since I post Bitcoin This is only my view on Weekly. This is not a signal on futures.
Expecting retrace 38K first stop Bitcoin needs to pick up new buyers.
We see a clear rejection of the $42.3K level. Bitcoin is now testing the $41.6K level. Should we also see a rejection of this level here. Then I expect a test at the $40K level. This is a strong support and I definitely expect volatitleit here.