CAN BTC BREAK 39.5k LEVELHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC is still under this falling wedge pattern, yesterday BTC make 39547k high but it got rejected from there.
currently, it is facing the upper resistance of this falling wedge pattern.
Here we have two scenarios.
First scenario: BTC has $37 - $37.5 as a strong support level so so we can expect a Bounce from here.
Second scenario: If BTC will not able to hold the $37 - $37.5 level support then it can drop up to $34.5 level or we have some local support around 36500 level.
Let's see how the market reacts a few hours.
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Btcusdtrade
IS BTC is GOING TO RETEST THE 34.5k LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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In a shorter time frame, BTC is making this falling wedge pattern.
In case of a breakout, we expect a 10% bounce.
we can see some bullish indication on RSI
Let's see how the market reacts a few hours.
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BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is currently above this support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.
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BTC/USDT 1 DAY ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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In a higher timeframe, BTC is making this ascending triangle pattern now it is lying on the support of 48.8k level.
First scenario: In this scenario, we have a higher chance that BTC can Bounce from here up to 45k how the market reacts in a few hours.
Second scenario: If BTC break this 48.8k level then we have this download support Level of this ascending Triangle
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BTCUSDT BEAR FLAG PATTERNBitcoin is down again with a bear sentiment , $42k - $43k which seems to be an opportunity for support on the weekly timeframe has been lost seeing the candlestick below the zone. There is less than 48hours to see how the weekly timeframe would playout and also, as indicated on the chart, we can see a bear flag pattern which has just made a retest on the flag's support zone which infers the continuation of the downtrend. This could be the inception of the second phase of bear season, eschew hastiness and try to do as much as possible research before taking stakes.
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BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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As expected BTC got rejected from the 45k level and retest at the 42k level.
BTC break the 42k level but it's not yet confirmed.
First scenario: If BTC 12 hour candles close upside the 42k level then we can accept the first bounce up to 45k level.
Second scenario: If BTC closes the 12-hour candle downside the 42k level with confirmation then we can accept a drop up to $46500 level.
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Is it okay to FOMO?You need to look at price action, and specifically, Heikin Ashi candles along with the Volume Indicator to tell you whether it's okay to FOMO. Use lower time frames to get in quicker.
Mostly, I never recommend it, but sometimes where there is strong buying and a clear trend change, a dip might not come for a while. And when it does, because it went up so fast, it can usually lead to a downtrend so you have to be careful. Especially in crypto where there is Bull Trap manipulations upwards.
However, the Volume Indicator can tell you if the bears have lost, which on the left hand side, they clearly lost as we went from Green to red to immediately Green again, showing the strength of the Bulls.
CAN BTC BREAK 45k LEVELHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC update: Once Again, Price got Rejected by the 45k Resistance level
As I already said in my previous chart BTC Might Retest the upper Trend Line of this bullish expanding Triangle Before the Next Bullish Wave.
so, let's see how the market reacts in a few hours
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BTC/USDT 12 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC breakout this symmetrical triangle pattern now it will come back to retest the upper resistance of this symmetrical triangle which is around 42k.
so, let's see how the market reacts in a few hours
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BTC/USDT Break above 40k! what's next?Welcome to this quick update, everyone.
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As per my second scenario, BTC went up. Now it is around $43200 it is having $40 - $40.5 level as resistance.
First scenario: we may re-test 42k and then we are expecting a Bounce up to $48k but we have some local resistance as $46k.
Second scenario: If we do not go for a retest at the 42k level and break the 44k direct then it can Bounce up to local resistance.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
What's your thought on this?
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#PEACE
BTC/USDT 2 HOUR ANALYSISWelcome to this quick update, everyone.
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BTC fell yesterday because of Putin's tweet. now it is having $38800 as a resistance.
First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
here we have 100 ma as a local resistance.
Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.
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#PEACE
BTC 3 DAY Technical AnalysisWelcome to this quick update, everyone.
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Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly, as well as 3-day candle closing above $38k things, will get better in the short term.
Still, It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios, there are some confirmations for which we will wait and I will keep you posted.
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NEXT TARGET 44K LEVELWelcome to this quick update, everyone.
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BTC break this 38900 resistance level and close above it now it is being retested. expected a bounce from here up to 44k level but we have some local resistance as 39800 and 100 ma let's see we can break this may or not.
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BTC/USDT ANALYSIS 4H TodayBTC/USDT ANALYSIS 4H
BTC several times reject after hit resistance on $39.5 - $40k.
Rsi bearish divergence 1H timeframe
possibility BTC make inverted head and shoulder pattern if can't sustain support trend line
We've wait confirmation BTC breakout from key resistance or retest for make inverted head and shoulders
IHNS fail if BTC can break and sustain $40k zone area