ARE WE REALLY IN A BEAR MARKET ?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
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I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
#BTC WEEKLY UPDATE
BTC is forming this ascending channel pattern currently it lying on the support of this dotted line we need to close the weekly candle above this dotted line for being bullish if it breaks then we will see a drop up to the lower support.
let's see how the weekly candle closes
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Btcusdtshort
Btc going to 26 thousand dollarsHello traders, that's my new idea:
Having made a long research I think that btc could reach lower lows and that 43k could be the turning point to the real drop.
Because of this reasons:
First, if you draw the downtrend Fibonacci Retracement from the wick of the 4th December 2021at 42k to the all time high the the 10th of November at 69k yo can clearly see that the price reached the 48.000$ resistance level and refused to hold it coinciding this level with the Fibonacci 0.786. Now the price is situating in the Fibonacci level 1 and possibly ready to fall back.
Normally in btc at the end of a downtrend in we usually see a bullish divergence between the MACD and the price but it hasn't appeared yet.
The price is printing a long ascending channel that could be a good sign but if the case arises and the btc breaks the lower part of the channel it will become a bearish flag pattern that will push the price to levels 1.27(35k), 1.41(31k) and the golden 1.618(26k).
I will consider to enter a short at 42.5k with targets 39.000$ 35k 31k and 26k, i will put a stop loss at 44k and at 41k i will set the stop at entry.
That's all, i hope you liked my idea and if you think that I am crazy or that my I'm right i will be glad to see what do you think in the comments.
Regards and happy trading .
I express only my opinion, do always your own research before risking your capital.
This is not a financial advice.
#BTC: FALLING WEDGE PATTERN FORMATIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC is forming this bullish falling wedge pattern in a daily time frame currently it is on the lower support of this pattern we expect a bounce from there.
we can buy BTC with an SL of 27k.
Let's see how the daily candle closes.
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#BTC SHORT AND SIMPLE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
BTC UPDATE
BTC is forming this bullish falling wedge pattern in daily time frame currently it is on-resistance of 32k we are expecting a rejection from here and expect a drop up to 28.4K to 29k level.
In that place, we can buy BTC with an SL of 27k.
Let's see how the daily candle closes.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC UPDATE
My previous BTC chart has been invalidated currently BTC look like it is going to form this falling wedge pattern so we can retest the 30k level but we have 33k as a local support.
If BTC breaks 30k then the chart will be invalided.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
BTCUSDT - Waiting for Fed meetingP.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTC TO THE 28k AREA!We are in a crypto winter because of FEDs monetary policies.
Not only cryptos but also any other risky assets, such as stock market, is in a steep decline!
So it is expected for BTC to lose more value.
I think BTC will bottom around 28k.
Check out the chart on the left.
There is a red box at the bottom of the chart. Which is around 28k-31k.
For 1.5 year, BTC drops to that levels for a number of times.
Everytime it drops there, there was huge amount of buyers.
I do believe this will be bottom for bitcoin since there was a lot instutional buyers around 31k.
Such as Tesla and Microstrategy.
Also if you look at the chart on the right,
You will see 3 emas.
Red line is 50 week ema which dates backs to 2013.
Green line is 200 week ema which dates back to 2015.
Yellow line is 300 week ema dates back to 2017.
Everytime price breakout below 50 week, 200 ema was tested!
So we are to test around 200 weekly ema which is around 27k.
Similar levels with the red box on the left chart.
If price cant hold the 200w ema, it can also test 300 week ema which is around 21k right now.
This is not highly possible. But still possible!
Follow me for more charts and data!
Thanks.
IS BTC IS GOING TO RETEST THE 30k LEVEL? LONGHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC UPDATE
BTC is forming this W pattern or double bottom currently we have 33.7k as a support we need to close the daily candle abhor this level.
BTC needs to hold this if it will not able to hold the support then it can drop up to 30k and invalid this chart.
This is the last hope from where we can expect a Bounce if it is not able to Bounce then it will drop up to 30k support.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
BTC on a 1 hour interval SHORT!Hello everyone, let's take a look at the BTC to USDT chart in 1 hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with marking the support line and as you can see the first stop loss should be set at SL1 - $ 35,868, if the support breaks, the next stop loss that should be taken into account in the next few hours is: SL2 - $ 35698, SL3 - $ 35507, SL4 - 35260 $ and SL5 - $ 34508.
Now let's move on from the resistance line, as you can see, the first resistance is target 1 - $ 36,378, if you can break it, the next resistance will be target 2 - $ 37,058, the next one is target 3 - $ 37,631 and target 4 - $ 38,226.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, so it is worth being careful and securing your stop loss positions.