#BTC/USDT

Such a big bearish divergence on Bitcoin's 4Hr Chart
Will bears be able to play this out?

The open interest on Bitmex has shown us that there is still a lot of room for bitcoin to have its rally to the upside.

Based on the previous action and the performance of this chart, the price always had its rally after the open interest touched below $500 Million. The lowest point of this open interest was at around March 2020 which it trended at around $350 Million.

This may be the other case of bitcoin to have its rally to the upside

🎓#SpotTrade 🎓
🎓 $PHB / BTC - View Chart

🔸Signal Info: Red Pulse Phoenix
Rank: #696
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: Red Pulse Pheonix is showing opportunities for massive profits. The trend might very well be turning here. With the parallel channels in place, we can see interactions with the bottom two bands. Lower line has held out as support ever since the previous epic run up to those huge profit levels.

Today we see a boost in volume, a crossover of the 25 exponential moving average, the breakout of the long term trending top side resistance and an RSI that is just about to cross 50#. PXI signal to buy has already been triggered on the lower time frames while this time frames has been resistant to a buy signal just yet. The signals on the chart say we can start accumulating some PHB today!

🔸Current Price: 24sats
❇️Entry: 26sats, 22sats
🎯Take Profit: 37sats, 50sats, 70sats
♦️Stop Limit: 18sats (-25%)

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Aftermath

#BTC/USDT (1D)

On Daily Chart,
Bitcoin Needs To Close Above $8770
Or Else it Gonna Test $7950 Support Level

While,
Closing Below $8770 Would Confirm For a Correction.
& Testing The Good Support Level Would Also Lead For a $9250 Area Re-Test.

https://www.tradingview.com/x/u3hZSbCi/

Bitcoin : Between the 2 different perspective

Hello all trader, welcome back to the Sunday analysis of bitcoin.

We've seen a very volatile moves from bitcoin based on today's movement. the price has shown a $1000 drop just in less 1 day of trading session. And once again we've seen the mixed bias here on the bitcoin. The mixed bias here is when there are a strong bullish and the bearish bias occur at the same time. I see it based on the break out strategy perspective and the divergence perspective.

On the Break out strategy perspective, there is a potential sign of bullish moves based on current movement in the chart, the main reason is that the price potentially plays out in the 2nd phase of current break out strategy which is testing the previous broken resistance that is now become support as well. Beside, there is a wick that occurs at current level. If we see it at this perspective, there is a potential push toward the upside which is to test the previous high.

On the other hand, when we see it at the divergence perspective, the price looks very bearish. You can see that the price is forming a lower high but on the oscillator indicator which is the RSI is forming a higher high. This is a clear sign of the hidden bearish divergence to occur. Just like what we've known, the hidden bearish divergence is the sign of continuation toward the down trend.

Therefore, we might wait for further confirmation on the market to see where will the market go in the future. If the price breaks below the white trend line, the bearish bias will be valid. But, if the price can hold this trend line, we'll see the bullish movement to the upside. Be calm.

#BTC/USDT

You Should Keep a Watch Over These Resistance Levels ☝️
🟢 Breakout = Another Possible Pump
( Breakout ↪️ Re-Test ↪️ Pump )
🔴 Rejection = Dump 📉

Bearish Trend is Becoming More Powerful & Taking Over Control 🐻

Sell The News !?

Minutes left before the halving. Here is everything you need

Happy Halving❤️

https://www.tradingview.com/x/NVPyJ9RH/

Bitcoin : Halving and the perspective of parallelity

Hello all, today is a very special day for bitcoin especially. Because today is the event that take place of every 4 years in the crypto space. This event called the halving. The halving of bitcoin is the event that take place to cut half of the miner's reward. This is however will give both direct and indirect effect for bitcoin's price.

On current chart work, I will try to cover the bitcoin's current condition. Based on current condition, the price is still trending inside the up trend channel. Although the price has already broken down the median line of the channel, but still the lower line which acts as a support trend line hasn't been broken down by the price.

The other thing that is important is at the RSI and MACD on this 4 hours chart. The RSI is trending with a combination pattern of lower high and lower low which leads the RSI to enter the bearish zone which is below the 40 level. Similar with the MACD, the histogram is having a hard time to claim back the positive side which represent that the bear is in control of current structure.

With all of this thing that I found, I prefer to open a short position when the price breaks down of the lower line of the channel. Because with all the oscillator indicator which indicate the bears are still in control, there will be a perfect condition if the price breaks down of the lower line of the channel. The risk will remains low with a high probability of return if the short can be confirmed.

Tick tock
Times running.

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Very simple chart once again on the 4H. Price is facing resistance at $8920, a 4H close below this level consistently means a trip down to $8075. A good setup would be a short here and stop loss above $9150 for aggressive or wait for this 4H candle to close below again to enter the short. A close above $8920 means we're looking at $9200.

https://www.tradingview.com/x/wwSdZWLb/

#BTC_Update ‼️

Possible Scenario ☝️
Only if Holds $8800 Support Level.

I've Been Calling $9260 as an Important Resistance Level That Bitcoin Needs To Test Before Going For Correction.
And Now Since it's That Close To it,
I'm Expecting BTC To Test Out The Resistance.

$ENJUSD MacroView

#BCH/USDT (Binance Futures)

LONG
Leverage : 10x

Entry : $235 - $233.50
TP(s) : $237.4 | $239.6 | $242 | $244.3 | $246.7
Wide Range : $250 | $253.7

StopLoss : $230.90
(Risky_Trade)

So, Those Who Followed Our BTC Analysis...
Congratulations For Your Profits.

That's About +64% ROI
Even With 10× Leverage
Cheers 🍸