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Btcanalysis

Cometh the hour, Cometh the Bitcoin Trade UpdateAs we can see here from the chart since my last post btc has broken many support levels and has also formed a new support level at 26166.90. What we want to see is in the event of a confirmation of a breakout at the close of the wick is the trendlines both red and blue hold and also this trendline coincides with the new support level If btc can hold these levels It will go to test 28800 which is the resistance on the daily. See trade below to understand it completely
by UnknownUnicorn39347201
CANDLESTICK PATTERNS CHART SHEETCandlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable. Once you recognize these patterns, you may be ready for your next move and use other tools to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
14
BTC is still bearishHi Traders this is my view for bitcoin from Elliott Wave Analysis perspective, hope it could give you another perspective of analysis. Bitcoin is still bearish with double three (wxy) corrective wave within the blue channel. I expect btc would go down to around 25k demand area for entry long position (with PA confirmation). Then bounce-back to 26.8k supply zone for entry short position (with PA confirmation) The invalidation for short scenario is at high (c) 27400 Next major support is at 24.1k It is always better to wait for PA confirmation on lower timeframe every before entering the market. Especially in the current risky market condition, where the liquidity is thin, smaller range, major news and full of manipulation. Cheers!
Short
by PakRT
🔴BTC | Binance Vs. SECThe SEC accused Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The SEC also accused Binance of providing coin-earning programs BNB Vault and Simple Earn, and staking investment plan; in addition, the SEC accused Binance of intentionally evading US supervision.affected by the SEC lawsuit against Binance, both Bitcoin and Ethereum fell by more than 4% within 1 hour; BNB fell by 8.4% ; CFX PEPE MANA FIL ICP CHZ SAND NEAR OP and some other tokens fell by more than 10%; the amount of liquidation in one hour Has exceeded 215 million US dollars and now its 300 million dollar The price of Bitcoin is $ 25,700 today with a 24hour trading volume of 13 billion dollar. This represents a -4% price decline in the last 24 hours and a -8% price decline in the past 7 days. Bitcoin's performance in 2023 has been strong so far, but declining liquidity may drag the price lower going forward.Both supply and demand valuation approaches suggest that Bitcoin is currently overvalued.From a price perspective, Bitcoin has performed quite well in 2023, particularly in light of persistent inflation and tight monetary policy. With a halving approaching in the next 12 months, speculation will inevitably shift to the potential price impact, and investors may begin positioning themselves in anticipation of this. Investors should not underestimate the extent to which cryptocurrencies are a risk asset that behaves like a proxy for liquidity, though. Absent a financial crisis, liquidity is likely to continue declining, due to both fiscal and monetary policy. This is likely to put pressure on Bitcoin's price, which may negate any potential price impact from the halving, particularly if sentiment becomes sufficiently negative.Modelling price based on supply inflation and liquidity results in supply inflation dominating price as liquidity does not exhibit a static relationship. This approach suggests that Bitcoin is currently overvalued, a situation that is likely to get worse as liquidity is withdrawn from the market in the coming months.
Short
by moonypto
BTC ANALYSIS 15/06/23We have dropped! most leakages really make people fluff out but the drops are my favorite! BUYING OPPURTUNITY. today we come down to a zone where we could consolidate a little bit then turn around i mean the ideal IDEAL price for me would still be around the $20666 mark which i know that doesn't sound ideal for all the HODLERS out there but that's not the game I'm in. I am purely looking for a zone to make me happy enough to be able to excel in the lower TF by using BTC as the motherboard for the whole thing BTC really lets you snipe into ALTS as well.. so now we have come down to a point with a few confirmations i will now be patient and look for some volume on the LOWER on whatever coins etc... i have on my watchlist. if all goes well i will share my next trades! happy trading! BYBIT:BTCUSDT.P
by fusfamily
Potential Bitcoin Price IncreaseI wanted to bring to your attention a potential increase in Bitcoin's price. Currently, the relative strength index (RSI) of 14 days is hovering around a ceiling of its own at 50.00. As of now, the index is tracking at 49, and BTC is attempting to break into the $26,000 mark. If the bulls manage to move beyond the obstacle on the RSI, there is a strong chance that the price will climb past $26,300 with relative ease. This could be a great opportunity for those interested in investing in Bitcoin. Please let me know if you have any questions in your comments.
BITSTAMP:BTCUSDLong
by bryandowningqln