BTC/USDT 4 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Currently, BTC is still facing these two levels of resistance if we broke those two levels of resistance then we can expect A Bounce up to 45k level.
it may retest the 38.6k level. if it breaks and closes downside this support level then my chart will be invalidate.
EMA'S are acting as a resistance. MACD crossover is showing bullish momentum. It might bounce from here or we've to wait for a sustained breakdown to confirm its s bearish move.
Let's see how the market reacts a few hours.
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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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BTC/USDT ANALYSIS
It broke down ascending triangle and currently trading below it. EMA'S are acting as a resistance. MACD crossover is showing bearish momentum. RSI is in the oversold region. We can expect further downtrend in the market, if it retested successfully.
Let's see how the market reacts in few hours.
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BTC/USD 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 breaks this 48.8k level and the downer support level of this ascending Triangle then it might very bearish.
RSI has entered into the oversold region. A sustained breakdown is a bearish sign for the market while a bounce from here will be a bullish sign.
Let's see how the market reacts a few hours.
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BTC/USDT 4 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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My previous BTC chart has been invalided currently it is lying on the support of 38.9k - 38.6k.
We are expecting a bounce from here but if it breaks and closes below the support then it can drop up to the 38k level.
RSI has entered into the oversold region. A sustained breakdown is a bearish sign for the market while a bounce from here will be a bullish sign.
Let's see how the market reacts a few hours.
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BTC/USD 1D UpdateWe are currently in a Bear Flag .
BULL POINTS:
- Volume Divergence on 1 Day
- Broken back up into 4 Hour Bull Trend
BEAR POINTS:
- Bear Flag with 1 Day resistance (where we are currently at) with low volume .
- On our Volume indicator, we are nowhere close to breaking out.
A break up from this pattern could mean a retest of 52K . If we don't break it's likely we can drop to 28.9K - 32K - somewhere around here and range for a while.
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 time frame, BTC is making this ascending triangle pattern but it's not confirmed right now.
The daily candle has closed above the 41.8k resistance level now we are expecting a bounce from here up to 45k resistance level.
We have 100ma as a local resistance which is around 23.4k, let's wait and see price can break the ma or not.
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WILL BTC BE ADLE TO BREAK THE 45K LEVEL?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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As per my previous BTC chart, as I mentioned that BTC will break this falling wedge pattern and then it will bounce up to 41.5K level
Currently, it is facing 41.5k level resistance.
Here we have two scenarios.
First scenario: for bullish momentum BTC needs to break and close the 4-hour candle above 41.5 k resistance level.
Second scenario: If BTC I will not able to break the 41.5 K label then the chart will become invalid but we have 50ma or 100ma as local support.
Let's see how the market reacts a few hours.
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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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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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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.
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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
BTCUSD | Perspective for the new weekBTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom/Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 4 months.
ii. On the 4-hour time frame, It is obvious that the overall momentum of price action has been bearish with the bearish trendline going as far as October 2021.
iii. However, at beginning of this month, we witnessed a breakout of this trendline to signal that the bearish trend might be losing momentum thereby giving way for the bulls to thrive.
iv. $34, 000 level seems to have held price "supported" in the last 34 days to signal a reversal set-up in the form of a Double bottom structure.
v. The appearance of a Double Bottom within the identified Demand zone at $34,000 describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level ($45,000) which is also the neckline of the pattern.
vi. From my personal perspective, I will like to join the potential rally early so that I can have opportunities to stack my position if the price moves in the intended direction.
vii. In this regard, I shall be looking to open a position at breakout/retest of $40,000 (identified on the chart with a purple barrier) and anticipate adding to my exiting position at breakout/retest of the neckline of structure at $45,000.
CAUTION: Considering the overall bearish momentum, a breakdown of the demand zone at $34,000 shall render this narrative invalid as I will continue to hold a bullish bias above $40,000 ... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 12,000 pips.
Risk/Reward : 1:10
Potential Duration: 7 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.