BTC/USDT UPDATE
#BTC broke below the consolidation range and now smoothly moving lower. Prices now continue to go down till support zone around $22,300 - $22,500. As per market structure, the lowest and final point will the $21,300 - $21,500 support zone. Keep an eye on the mentioned levels and manage the running trades.
@Cryptomathh
💰#BTC is still holding above the MA 100 and the Ichimoku cloud support. The volume is very low in the market. Bulls need a solid volume candle close for a reversal confirmation. ✅
💬RSI is showing hidden bullish divergence. A bullish move is expected for however long it is trading above the Ichimoku cloud, while in case of a sustained breakdown, it'll continue its downward move.
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️
💰#BTC has experienced a breakdown of the descending triangle pattern. This breakdown is accompanied by a bearish signal on the MACD indicator, indicating a momentum shift towards the bearish side. Additionally, the RSI is trending towards the oversold region.
📉
A further downward movement is anticipated if BTC continues to trade below the triangle's lower boundary or successfully retests it.👀
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️
#BTC/USDT UPDATE:
#BTC is now trading around 65.8k. Bitcoin is breaking out a bull flag pattern on the weekly time frame. So the Possible scenario is If the price breaks out and gives a weekly close, then we can see bullish momentum in Bitcoin. Now wait for weekly close for bullish conformation. Stay tuned with us for further updates✔️
💰#BTC pumped with a decent volume after the breakout of the symmetrical triangle. It cleared stops above the past high and currently, it is back above the symmetrical triangle, where MA 200 is also acting as support.💎
💬A successful retest of this support level would serve as a bullish confirmation, reaffirming the strength of the current uptrend. Conversely, if the price fails to hold above the MA 200 during the retest, it would signal a bearish development, indicating potential weakness in the market.
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️
💰#BTC is moving in a symmetrical triangle on 12h timeframe. The Ichimoku cloud is showing an upward trend.💫
Currently, it is trying to breakout the triangle and a solid breakout would be the bullish confirmation , while a rejection would result in further movement inside the triangle.👀
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️
💰#BTC is currently maintaining its position above the 50% retracement level, following a rejection from the descending trendline, the MA 50, and the Ichimoku cloud.💫
💬Bulls must regain momentum and push the price from the 50% to the 61.8% Fibonacci retracement level to confirm a bullish breakout from the descending trendline. Failure to maintain this level could result in another test of horizontal support.
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️
#BTC update :
BTC is in bullish consolidation.
We may see a breakout to the upside if we keep grinding up like this.
Target : 23 to 25k for BTC
ETH and other ALTS should follow.
Invalidation below 20k.
@Cryptomathh
💰#BTC is still facing the trendline resistance of the triangle and trying to do a breakout. MA 100 is acting as resistance. RSI is in the neutral zone.💫
💬A solid breakout of the descending triangle would be the bullish confirmation, while a rejection would result in further consolidation.
❄️@signals_bitcoin_crypto❄️
❄️@Shadow_support0o❄️