The level of 25K seems to be working as a level of resistance in the H4 chart. BTC may remain bearish for a while. The level of 23K may hold the price as a level of support in the H4 chart.
Afternoon all, Is ETH the new KING of CRYPTO? Today I am following on from the post last week regarding our Bitcoin buy and also the pattern I noticed compared to ETH. As you can see from the charts the left hand side is Bitcoin which is currently dropping in value, the structure hasnāt been broken yet but still lagging behind. Still holding longs in profit on BTC .
To the right is ETH which seems to have found its support of 1500. Also with trading above the moving averages, the recent gains seem to be more sustained. What are your thoughts, is ETH the new KING?
Itās leading the way absolutley. I think one more drop to come though
The H4 chart shows that the price produced a Double Bottom and made a breakout at the neck line. The price may head towards the North for a while. The level of 22.5K may work as a level of resistance.
Waiting for the drop into 12k still to close the daily gap there.
Me too, it seems to be getting there just slowly lol
Difficult marketās to maneuver through at the moment. Head over to take a look at this weekās video. Appreciate anyone that subscribes and interacts, love hearing other peopleās thoughts.
Iām stills holding my bitcoin longs from that Demand Zone looks to be recovering may close out at 24k not 30 ax I previously anticipated
Bitcoin declined for the fifth consecutive session, drawing closer to a price floor at $23,030. Bitcoin fell to an intraday low of $23,243.35 on Thursday, the lowest it has traded since August 10, 2022. If you examine the price chart with the moving average indicator, you will observe that the 10-day moving average line has shifted direction and appears to be downward facing. Furthermore, BTC/USD is down nearly 5% from the same point last week, with price strength at a three-week low.
If bulls want to move BTC back above $24,000, price strength must rise, putting the RSI above this level.
Bitcoin holders should keep up their hope for a bull trend.
The level of 21K seems to be working as a level of support in the H4 chart. The buyers may push the price towards the North. It may find its next resistance around 22.5K.
It dropped below 20k for a brief period yesterday. Something is holding it in that range
It is bearish again. A down trending trend line in the H4 is in play. The sellers may keep their eyes to sell Bitcoin as long as it stays below the trend line.
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Certainly looks like it i closed out Gold took the loss on Bitcoin canāt win em all !
Experts think that the extended consolidation is hinting for an upcoming reversal and now there is a slight bullish bias. Letās see if we can see an uptrend again.
The level of 19.60K seems to be holding the price as a level of support. The buyers may keep their eyes in BTC to go long if the level produces a bullish momentum.
Good morning all, checking in back on Bitcoin again today. Clearly the bearās have been in full control for a while now. We have had multiple flags in this down trend. But does it look like the bearās are running out of steam? I certainly think so, this area of 19-20K looks to be a very significant support level , the drop through the flag seems like it is running out of strength. So I think it may be a good time to buy back in now, because if this will be the bottom we will get a nice buy in price. We can either get in here or wait for a touch back in the demand zone below where you could get a smaller stop loss, either way we are looking for the swing up, stop under lowest low just incase. Will update again during next week GLIYF
Iām accumulating coins but I want to see something significant before I start leverage trading btc again
Me too its just in this tight range around 20K very hard to put any positions in tbh
Bitcoin had a bounce at 18.5K. The price has been slightly bullish in the H4 chart. It may get into consolidation again since the down trending trend line is still in play on the bigger time frames.