Trading suggestion: ". There is a possibility of temporary retracement to suggested support line ().. if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis. BTCUSDT . BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. BTCUSDT Is testing the ascending broadening wedge resistance. RSI is overbought and is printing a bearish divergence signal. Price is printing a minor rising wedge pattern at the top. Sell entry ⬇️ - .
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I want to thank each and every one of you for supporting me this year, and I promise to keep pushing forward If you like the idea, do not forget to support with a like and follow. This Christmas pattern is just for fun but at the same time may be relevant to the current situation. Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts.
This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous In this scenario, Bitcoin may have topped for the year. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! Hello everyone In my previous analysis even though I am bearish in bigger picture..
However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already. Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect The infamous "Then they fight you" phase started! I have another Which one do you think will happen? This post is just a personal idea and not a buying or selling advice. During the BTC price instability we received the long signal from our Automatic Hammer Strategy, but, please be careful because the risk of this trade is high.
The technical analysis confirmed the strategy assumption. We can see the price is above the CPR and S1 levels. Now, it bounced off the S1 level and SMA which means that the uptrend is strong.
Also the The RSI indicator is also confirmed the Technical analysis demonstrates the strong support level at the current price. There are the week support and daily pivot Support 3 line and, finally, the bounce off the RSI support line.
Because the ADL Indicator demonstrates the continuation of BB squeeze indicates incoming price action in the short-term. This morning's damp was big, but the bulls battled back pretty hard to get into a holding pattern for the rest of the day. On pure gut, I have a feeling we are gonna get a continuation of the push upwards. This is short valid if 4h next candle breakdown the trendline Targets maybe fill the gap 16k9.
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