Btctrend
Bitcoin towards crucial trend line. Sharing some thoughts of what I see.
Bitcoin might be moving towards lower levels and create a bullish divergence on 3D.
MACD looks like it might need another support before breaching out. (Proof of investors coming back to accumulate).
Bitcoin dominance are at levels of 2018, when price started to hit lower lows. Market dominance shows have Bitcoin investors started to acquire again.
Markets are dropping everywhere, stocks as crypto. In a time of energy crisis, experts are Questioning BTC yet again regarding its power usage.
In general bear market view and we are moving sideways at a crucial area.
BTC/USDTDescending Triangle Pattern
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support.
This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when the price breaks out of the triangle in the direction of the overall trend.
Bitcoin Momentum Whale activity. Future Web 3We see the last execution of the Bear Triangle pattern, from the beginning of the bear market on November 21, 2021.
Starting from May 5, the formation of the second identical pattern began, now we have come to its execution, this explains the instability of prices. Everything points to a fall. The price is not stable, as is the mood in the economy.
The exit from the bear market will be associated with the introduction of a new technology of interaction on the Internet, and is also directly related to the simplification of the interaction of cryptocurrencies - Web3.
On the previous publication on Sunday on TV, the price in the Fibonacci range is 0.618 on the screenshot. For today, the price remained in this support range of 0.618 Fibonacci, there was no breakthrough.
We see by the momentum indicator of active addresses that the trend is increasing. The On-chain transaction volume indicator has noticed a high activity of whales at the mercy - this indicates strong support.
Local Fibonacci Levels:
0.5 = 20270
0.382 = 21221
From these levels, we can see sharp drops or increasing support for payoffs.
I expect the price to continue the upward movement of Bitcoin! The Bitcoin Economic Forum is approaching on October 4-5, the event will be held in Dubai.
Not financial advice, my opinion.
btc go down a few days so be care full dear tradersThis trading week’s economic and financial data will be crucial to crypto investors.
Lagarde and Powell to share their latest assessments of the economic and monetary policy situation on Tuesday.
Last week, the crypto market looked slightly bullish until the US Fed reserve announced its interest rate decision. The announcement of the rate increase by 75 basis points by the US Fed reserve caused huge trading volatility, as is usually the case. The rate increase also resulted in sell-offs in the traditional market.
However, the US Dollar Index (DXY) kept rising, hitting a 12-month high of 113.22. By the weekend, most US stock indices have dropped about five percentage points, almost hitting their June 2022 lows. Ethereum and most other altcoins also dropped prices, as in the traditional market.
The good news is that the price of the leading digital asset (Bitcoin, BTC) only dropped by a small amount. Initially, the Bitcoin price dropped to $18,153. However, it recovered and moved opposite the Dow Jones index (DOW30). It is remarkable that the highly volatile crypto and the US tech stock market, NASDAQ, weren’t hugely affected by the fed’s rate increase. Hence, investors may still regard Bitcoin as a store of value. However, in the coming weeks, Bitcoin’s price action will confirm this perspective.
ECB President and US Fed chair to release new statements
On Tuesday, September 27, 2022, Christine Largade (the European Central Bank, ECB President) and Jerome Powell (US Fed chief) will share their insights regarding the current monetary and economic policy situation. The insights from these two will be crucial as they will determine whether the EU, the US, or both are shifting their stance regarding interest rate policy.
Any announcement of a change in monetary and economic policies by either or both of these financial watchdogs to curb rising inflation will impact the financial markets (crypto and stock market). Another crucial data affecting the financial markets this week is the incoming orders for durable goods.
The US census bureau will publish this data by 2.30 pm (CET) on Tuesday, September 27, 2022. This data indicates the rise or decrease in the demand for industrial goods this past month. Analysts predict a reduction of 0.5 percentage points. Orders for durable goods dropped by 0.1 percent in July 2022.
It is important to note that each time data for the durable goods orders is higher than predicted, the US Dollar usually tends to be bullish. Conversely, when this data is lower than analysts’ prediction, the US Dollar usually drops, even if it is for a short period. Recently, a weakening US Dollar resulted in a surge in the price of Bitcoin and other cryptocurrencies.
Meanwhile, crypto market sentiment remains in “extreme fear” for over a week. As of September 26, the average crypto market sentiment measure, the Crypto Fear & Greed Index, is at 21, with 25 being the limit for extreme fear. However, the crypto analytics firm, Santiment, noted that Bitcoin’s social dominance had reached a new peak in two months. Santiment further notes that this renewed interest could positively impact crypto’s top asset
btcusd down trend start be care full $BTC Dollar index at 113 it will go up by another 6-7 pints then crash time to load up on crypto bull run is around the corner.,
$BTC This is the end for crypto, gentlemen. Don't waste your time on it anymore. These Goldman Sachs, BlackRock etc all acted like The Trojan Horse. They were deliberately sent by the US elite to purge the market. In the end, NOBODY can threaten the US Dollar. If anything does, it will get obliterated,
$BTC Maybe yr not paying attention, but shyt is moving, ROSE, XDC, QNT, XRP, all up, but big crash incoming huh bears/trolls? You sure about that??? Tripping over dollars to wait for more discounts, ya might just be waiting to fomo in at higher prices. Cost average in is the way of the Jedi...
BTC TrendHello and have a nice day
Witness the upward trend of BTC in the last 4 days from the price of $19,343 to today, which reached the price of $22,043.
According to RSI, BB & VP shows relative strength.
In the next 4 days, the possibility of growth up to $24200 and after 9 days we will see the price drop to $21600.
4 ascending days and then 5 descending days
Hoping for better days💔
BTC TrendHello and courtesy
The market moved against yesterday's trend analysis.
It is a battlefield, nothing can be analyzed for sure.
We will not stop trying.
I learned another analysis model today, I hope it goes well.
In the words of the great teacher: Mr. Hojjat Hatami Shah Mir, patient and hardworking, we will continue.
In this analysis of the indicator: ADX & DI
Ichimoku
1 min easy
I used.
Have a good night
BTC/USDTInverse Head and Shoulders Chart Pattern
Inverse head and shoulders is a trend reversal chart pattern and are the opposite of the Head and Shoulders one. Theoretically, the height of the two shoulders must be the same, and the neckline – be horizontal.
However, the shoulders are often not of the same height, or the neckline ascends or descends. The price objective of this pattern is equal to the height between the top of the head and the neckline.
BTC/USDT(Rising Wedge Pattern)
The rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish
IT MAKE ME SO CONFUSE.*SORRY FOR MY VERY BAD ENGLISH
I LOSE ALL MY MONEY IN CRYPTO LAST 3 YEARS NOW I AM BACK TO TRADE AGAIN BUT I DONT HAVE ANY MONEY TO START AGAIN
BIG THANKS FOR WHO THAT SEND ME A LITTLE BIT OF SUPPORT.
THANK YOU
SUPPORT ME :
USDT TETHER
0xF5032C84aFeD130A85c7672f2E50e60BF6227A72
* Do not send assets other than Ethereum to this address! Any other assets sent to this address will be lost.
BTC/USDTDescending Broadening Wedge
Descending broadening wedge is a type of wedge pattern. A wedge is a structure or pattern with one thick end and one thin end.
In the case of descending broadening wedge, the starting point will be a narrow end, and the ending point will be a thick end because it shows the expansion of the price wave.
BTC/USDTFalling Wedge Formation in 1H timeframe..!!
In the case of an Upside Breakout, I am expecting a +10% Bullish Wave.
Falling Wedge Formation
The falling wedge is a graphic pattern of reversal of a downtrend in 68% of cases and continuation in 32% of cases. When the Falling Wedge occurs in a downtrend it is considered a reversal Falling Wedge or falling reversal wedge to announce a trend reversal.
However, when the falling wedge occurs in an uptrend it is considered a consolidation falling wedge or falling wedge pullback to signal a continuation of the previous uptrend.
BTC/USDTBearish Flag Pattern Strategy,
The bearish flag is a continuation chart pattern that resembles the shape of a flag and it consists of two basic price waves in technical analysis.
The bearish flag pattern is the most widely used chart pattern in forex and Crypto trading. As the name suggests it forecasts a downtrend in price.
Due to the characteristic of trend continuation, this chart pattern has a high probability of winning if traded with a perfect strategy.
BTC/USDTThe symmetrical triangle pattern is a continuation chart pattern like Ascending and Descending Triangle patterns.
This pattern is characterized by two converging trend lines that connect a series of troughs and peaks.
The trend lines should be converging to make an equal slope.
This pattern indicates a phase of consolidation before the price breakout.