Bitcoin fall - Chart updateBitcoin fell sharply today and at the moment it is at a strong support in the region of 20,000 ~ 20,300, I believe that now the most likely is a pullback to 20,700 to try to break the 20,000 down or test resistance at 21,430.
Btcfall
btc shortbearish symmetrical triangle is going to complete , volume divergence ( weak hands buying ) , if btc cross down the daily flag , it can come down to 37200 but it has very strong ressistance at 39000.
if this idea happen , we should be ready for bears riding
btc short flag breakout and pullback to flag , strong support at 40100 , can btc cross down the daily channel today and come down to 37100 ???
i am ready for fall ...
keep eyes on this critical levelhello traders
I recommand to keep eyes on this critical level ( around 45900) :
-if broken it will rise until 59000 and more
- if btc make its pull back there so reversing down will accure and we will assest to free fall maybe until 34400
So remember that all thinks are possible, and we do not have a cristal ball predicting BTC future but we try to be more efficient and more rational.
good luck
Btcusdt shorthey guys.. you can see btcusdt bos appear as break LL and now btc price going to mitigate the OB zone then market go back to downside .
Bitcoin is going to dump hardBTC just hit its trend and apparently going up to one of those green or yellow lines and then dump a bit, we must see the next reaction, I think it will be its top from now on until it goes to at least to 47k range, it might go even below 29k and then goes up...
For Education Purpose ''Not Fınancıal Advise''As we can see the chart shows there is no volume for 4H graph. First of all, I'm waiting to retest nearly 34891 resistance, then go down noticably.
Bitcoin, signs of weakeningBitcoin are showing signs of weakening.
1.RSI are poiting down, and btc growing price. Possibility of Diverging RSI.
2.Bitcoin are loosing vol. That's mean the main trend are loosing strength. Technically by the books thats mean the trend are wrong, people are not interessed at that price.
3.Bitcoin broke a triangle at 60k and should be flying 30% right now, but is not.
4.Bitcoin are performing an rising wedge, that pattern has fail rating of 6% (if confirmed breaking the bellow trendline) with objetive on 33% of fall.
Positive OBS. We know that vol can be low cause people are trading altcoins, btc are loosing marketshare.
Just be aware.
BTC - ATH or 20K again? Keep an eye on these levels!Hi Traders!
These are the levels to watch right now!
BTC/USD head&shoulders: rise or fall?Here we have btc/usd head and shoulders pattern which is not in action yet.
1. The action to be started right after the neck of the pattern is broken. My recommendation is to take short from ~32k down to ~21k.
2. If the i.1 is not be in action, then the graph will certainly rise after 15th of Jan of 2021 as it go through the diagonal line above. The trading strategy here is as follows: we should buy at ~33k up to 35k and sell from ~47k to 50k.
BTC. 4h. Local target is $9680. Global one unchanged.Hello!
Briefly about the history. The price continues to move according to our main scenario. In the previous idea , we wrote about the critical level $10,750 , which buyers could not cope with within 9 days. There were false breakouts and nothing more. The mark $10,600 is confidently broken on the volume and we believe that it is just the beginning.
News background. Last night, the calm flat of the crypto world was awakened by the news about the accusation of the Bitmex exchange co-owner in money laundering.
Without hesitation, BTC rapidly went down, followed by other coins.
It just so happened that the new sleaze in the crypt happens exactly when it is necessary to start the price impulse in the right direction.
Today, the negative news background continued : Donald Trump has Covid-19.
After lunch, the stock market will shake a lot, and with it the cryptocurrency market.
We think that the price movement will be directed downward.
Our thoughts are as follows:
level $10,300 will be broken
level $10,000 will be broken
on $9800 dense walls, but they will be pushed through and form a false breakdown to $9680
and only then a flat in the range $9700-10,000 can start.
P.S. These are local targets. The global ones remain unchanged.
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XBTUSD: Long Support [Scalp]BTC dropped as expected after multiple tests of resistance. Bounced off support.
The rebound from support does not look strong, so I think there will be another test of support.
Plan to long XBTUSD in red area around $6000.
Information is just for educational purposes, never financial advice. Always do your own research.
BTC Fall One hour After my prediction. That was quick. :D
Now I will wait and stay short until the market will provide some more indications.
Mike
BTC/USD - Fall - Correction incoming.Hi people.
Few hours back I was still LONG and waiting for what BTC will tell. Now I cancelled my longs and we are going short for short-term correction. Too many wicks on top.. price is continuously rejected from higher prices. Too many chances to break out. But at the same time everything looks kind off nice and safe.. It seems too obvious that BTC is forming triangle or bull flag for many people = It will fall or If it will go higher it will at first stop out the majority of the people that are now long and patiently waiting for breakout up.. More likely "Bart simpson" will play out.
See you down there :) Waiting for buy again.
