BTC have formed this pennant on the daily. Looks bullish but it can still go either way. We can wait for a breakout and retest from lower time frame (4H maybe) before going long or short.
https://www.tradingview.com/x/vJLwyNmV/
https://www.tradingview.com/x/vJLwyNmV/
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BYBIT:BTCUSD Chart Image by CrystalBot
November 6, 2021
BTC broke ATH! On the 1h, if we continue to see small candle close, there might be a continuation on the upside.
https://www.tradingview.com/x/Rj9fn5FC/
https://www.tradingview.com/x/Rj9fn5FC/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 9, 2021
I'm bearish on short-term as BTC keeps dropping and the volume is decreasing as well. Will wait for it to retest the 66k - 65k zone for a possible long.
https://www.tradingview.com/x/d2fz3Bv7/
https://www.tradingview.com/x/d2fz3Bv7/
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BYBIT:BTCUSD Chart Image by CrystalBot
November 10, 2021
BTC hit another ATH but was rejected, this looks like a psychological resistance. It might still dump to the 63k zone if it doesn't hold the 0.5fib, which was the last resistance before it hit ATH. Waiting for a rejection from the 0.382fib zone for a possible short entry.
https://www.tradingview.com/x/E8cvdjVW/
https://www.tradingview.com/x/E8cvdjVW/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 11, 2021
BTC is ranging between the 0.382 & 0.5 fib. While, MACD histogram is almost flat. This probably a sign of an upcoming breakout, no sure move though if it's upward or downward. But if it continues to stay on the support zone, this might cause BTC to drop to the 63k zone.
https://www.tradingview.com/x/XfNB1NTC/
https://www.tradingview.com/x/XfNB1NTC/
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BYBIT:BTCUSD Chart Image by CrystalBot
November 12, 2021
BTC dropped 7% for the past 2 days. It needs to hold the 60k key support, else a big possibility that it will drop more to the 58k to 54k zone. Waiting for confirmation and confluence before deciding on which way to trade.
https://www.tradingview.com/x/6KUslGWL/
https://www.tradingview.com/x/6KUslGWL/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 16, 2021
The 1H candles are small, this looks more like a retest and might continue to drop BTC to the 58k zone.
https://www.tradingview.com/x/hhJxEzTX/
I will wait BTC to hit the 0.618 zone on the daily though for a possible long trade.
https://www.tradingview.com/x/9mmPsNrb/
https://www.tradingview.com/x/hhJxEzTX/
I will wait BTC to hit the 0.618 zone on the daily though for a possible long trade.
https://www.tradingview.com/x/9mmPsNrb/
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BYBIT:BTCUSD Chart Image by CrystalBot
November 17, 2021
BTC broke the daily support and 0.618fib. This resulted to a lower-low, which is bad for bulls. This might make a bounce off the 0.5fib at 54k zone and will retest the 57k zone. Once price is rejected from that zone, a possible drop to the 50k to 46k zone.
https://www.tradingview.com/x/tKKkvfvc/
https://www.tradingview.com/x/tKKkvfvc/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 19, 2021
BTC retested the 60k zone-support, now turned resistance. Daily looks to have a clear path to the 54k zone.
https://www.tradingview.com/x/ZHvumuMH/
https://www.tradingview.com/x/ZHvumuMH/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 23, 2021
BTC bounced back but was rejected right 57k on the daily time frame. We might still see a continuation to the downside as that is also the 0.618fib zone.
https://www.tradingview.com/x/VX6SfKzV/
https://www.tradingview.com/x/VX6SfKzV/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 24, 2021
3:55 PM
BTC on the Daily TF is currently following this descending triangle. We might see a break soon that will retest the ATH.
https://www.tradingview.com/x/QA1H6mOp/
BTC on the Daily TF is currently following this descending triangle. We might see a break soon that will retest the ATH.
https://www.tradingview.com/x/QA1H6mOp/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
November 30, 2021
BTC is still on this falling wedge and is currently at the 56.7k support zone. If this breaks, it will most probably retest the 53 zone again.
https://www.tradingview.com/x/wSgTqcSc/
https://www.tradingview.com/x/wSgTqcSc/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
December 2, 2021
BTC is now at the 0.618fib zone. A possible rejection from this zone. Waiting for an entry on the 4h or 1h for a short set up. This move could retest the 47k zone.
https://www.tradingview.com/x/tmSzit9J/
https://www.tradingview.com/x/tmSzit9J/
TradingView
TradingView Chart
December 7, 2021
BTC retested 47k as predicted, also a bearish momentum candle closed from yesterday. We might have a consolidation in the next days, but it might break that 47k support zone.
https://www.tradingview.com/x/LOeOU8P1/
https://www.tradingview.com/x/LOeOU8P1/
TradingView
TradingView Chart
December 10, 2021
February 10, 2022
BTC have broken the ascending triangle on the daily and is now looking to test the 51.2k zone. There's a probability that it will be rejected from this zone and might retest recently broken 44.5k zone. Will wait for a confirmation candle(s) on the 1H or 4H for a possible short trade.
https://www.tradingview.com/x/lKtWyPVm/
https://www.tradingview.com/x/lKtWyPVm/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
March 29, 2022
BTC keeps on testing the support-turned-resistance at the 46.8k zone on the 4H TF. There's a big chance that it will break this zone and will retest the 48k zone. I'm seeing two patterns, an ascending triangle and a pennant. Possible entry on the retracement, or on the break of structure. Trade safe people.
https://www.tradingview.com/x/gFOy82HG/
https://www.tradingview.com/x/gFOy82HG/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
April 5, 2022
Daily is looking to retest the 44k zone. If rejected it might drop to the 41k to the 37k zone. If it breaks and recover it this week, a possible retest on the 48k zone.
https://www.tradingview.com/x/bOSR39pE/
https://www.tradingview.com/x/bOSR39pE/
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BYBIT:BTCUSD Chart Image by CrystalBot
April 8, 2022
We are currently in a range for the past 13 days between the 39k and 41k zone. While if we zoom out, BTC is respecting the bear flag also on the daily TF. It's safer though to look for a short entry from the 41k zone for short term trade. Or, wait for the bear flag to be broken, also for a short trade.
https://www.tradingview.com/x/iBBRfvUJ/
https://www.tradingview.com/x/iBBRfvUJ/
TradingView
BYBIT:BTCUSD Chart Image by CrystalBot
April 26, 2022
We got a clear breakout from the descending triangle. We might already hit the bottom at 37.3k. This might cause BTC to go up to the 45k to the 48k zone.
https://www.tradingview.com/x/XdwpNDWu/
https://www.tradingview.com/x/XdwpNDWu/
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BYBIT:BTCUSD Chart Image by CrystalBot
May 5, 2022