Forwarded from Crypto ease
📍#Bitcoin Update (Continue)
Bitcoin failed to break the resistance level of $20,450 and got rejection from the mark of $20,283. However, the crypto market faced a fresh selling interest after the US Dollar regained strength
As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $19,000 level.
Any more losses might call for a drop towards the $17,500 support zone in the coming sessions.
Bitcoin failed to break the resistance level of $20,450 and got rejection from the mark of $20,283. However, the crypto market faced a fresh selling interest after the US Dollar regained strength
As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $19,000 level.
Any more losses might call for a drop towards the $17,500 support zone in the coming sessions.
Forwarded from Crypto ease
📍#Bitcoin Update (Continue)
Bitcoin forming a Descending triangle pattern on a weekly time frame. Bitcoin need to hold its position above the support level of $18,700
A candle closing below this level will start a Bearish momentum and the next level where the bitcoin price gets support is near $17,800 where 300👇🏿👇🏿WMA also lying.
On👇🏿👇🏿chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k
Bitcoin forming a Descending triangle pattern on a weekly time frame. Bitcoin need to hold its position above the support level of $18,700
A candle closing below this level will start a Bearish momentum and the next level where the bitcoin price gets support is near $17,800 where 300👇🏿👇🏿WMA also lying.
On👇🏿👇🏿chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k
Forwarded from BEST VIP CHANNELS
#Bitcoin Update (Continuous)
🔶At a lower time, Bitcoin is Forming a rising Wedge which is a bearish pattern. A break below this level could send the price near $16,
🔶Recent data reflects that miner reserves have been on a declining trend in the past week.
🔶The data shows that Bitcoin miners have dumped over 7.7k Bitcoin in the last week. Big players will manipulate the market in this situation so be careful and trade safe ✅
vipclub_99
🔶At a lower time, Bitcoin is Forming a rising Wedge which is a bearish pattern. A break below this level could send the price near $16,
🔶Recent data reflects that miner reserves have been on a declining trend in the past week.
🔶The data shows that Bitcoin miners have dumped over 7.7k Bitcoin in the last week. Big players will manipulate the market in this situation so be careful and trade safe ✅
vipclub_99
Forwarded from 8 heisenberg
Today is the first day of December and #Bitcoin produce the 12th consecutive monthly Heikin Ashi candle.
After 5+ months of candles, a green monthly candle has marked the end of each bear market.
Each streak has been longer than the last. #KeepPatience
vipclub_99
After 5+ months of candles, a green monthly candle has marked the end of each bear market.
Each streak has been longer than the last. #KeepPatience
vipclub_99
Forwarded from 8 heisenberg
#Bitcoin Delta Price is now sub $12k. I still assign a decent probability that BTC breaks below balanced price ($15.5k) again this bear market.
Not a piction, just looking at historical data and working in probabilities. A sustained break and hold above RP would invalidate.
vipclub_99
Not a piction, just looking at historical data and working in probabilities. A sustained break and hold above RP would invalidate.
vipclub_99
Forwarded from BEST VIP CHANNELS
#Bitcoin update (Continuous)
🔶Bitcoin is forming a rising Wedge which is a Bearish pattern and the price is now holding above 50👇🏿👇🏿M.A. Bitcoin needs to break above the rising Wedge to gain Bullish momentum
🔶Otherwise bitcoin will start declining and break down the Rising Wedge Pattern. Next important support is near $16,800
🔶On👇🏿👇🏿chain data shows Bitcoin whales have continued to shave off their holdings in recent weeks
vipclub_99
vipclub_99
🔶Bitcoin is forming a rising Wedge which is a Bearish pattern and the price is now holding above 50👇🏿👇🏿M.A. Bitcoin needs to break above the rising Wedge to gain Bullish momentum
🔶Otherwise bitcoin will start declining and break down the Rising Wedge Pattern. Next important support is near $16,800
🔶On👇🏿👇🏿chain data shows Bitcoin whales have continued to shave off their holdings in recent weeks
vipclub_99
vipclub_99
Forwarded from BEST VIP CHANNELS
#Bitcoin Update (Continuous)
🔶Bitcoin Forming a rising Wedge which is Bearish pattern. A break below this pattern could start a bearish momentum in Bitcoin price.
🔶Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short👇🏿👇🏿term.
🔶On the upside, an immediate resistance is near the $17,850 level. The first major resistance is near the $18,000 zone, above which the price may perhaps rise towards the $18,250 zone.
vipclub_99
vipclub_99
🔶Bitcoin Forming a rising Wedge which is Bearish pattern. A break below this pattern could start a bearish momentum in Bitcoin price.
🔶Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short👇🏿👇🏿term.
🔶On the upside, an immediate resistance is near the $17,850 level. The first major resistance is near the $18,000 zone, above which the price may perhaps rise towards the $18,250 zone.
vipclub_99
vipclub_99
Forwarded from Crypto ease
📍#Bitcoin update (Continue)
Bitcoin price Accumulating Below the trendline and holding above its important support level. A break below this level could start a bearish momentum in Bitcoin price.
On👇🏿👇🏿chain data shows a Bitcoin ratio has hit the lowest value since February 2019,Something that may suggest the bottom could be near for the current cycle.
The next major support is near the $16,550 level. A downside break below the $16,550 support might call for a move towards the $16,350 level.
📍 Pin Our Channel On Top For More Free Trading Calls ✅
Bitcoin price Accumulating Below the trendline and holding above its important support level. A break below this level could start a bearish momentum in Bitcoin price.
On👇🏿👇🏿chain data shows a Bitcoin ratio has hit the lowest value since February 2019,Something that may suggest the bottom could be near for the current cycle.
The next major support is near the $16,550 level. A downside break below the $16,550 support might call for a move towards the $16,350 level.
📍 Pin Our Channel On Top For More Free Trading Calls ✅