BTCUSD Head and shoulders

15 Mar 2023

BTCUSD: Head and shoulders

The first zone costs $ 28,100.

The second zone has $ 3,1700.

Will we see excerpts in these zones? This is quite real, but you need to carefully observe the situation. Always be cold and do your own deor.


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20 Mar 2023

Not

BTCUSD

✅ 🚀Took the goal of $28100📈

23 Mar 2023

Not

BTCUSDT

Bitcoin reached the second resistance at $28,100 and rebounded from it.

The Fed meeting gave us a candle with big shadows, which is a healthy correction.

If BTC can hold this $26,400-$28,100 section, then the prospects for further growth remain.

If the decline continues, it is worth looking for support at $26,400.

4 Nis 2023

Not

BTCUSDT
Update

Bitcoin has reached the resistance zone at $28636. There, two attempts of buyers to break through the level and gain a foothold above were clearly visible, but both were unsuccessful. A bearish divergence pattern is clearly visible on the 1-day time frame: two or more highs are formed on the price chart. At the same time, the High price for each subsequent one turns out to be higher than that of the previous one.

In this regard, we advise you to fix part of the profit, because there are chances for a strong decline. Nevertheless, as long as the $26,400 - $28,095 Bitcoin is held, long prospects remain.

20 Nis 2023

Not

BTCUSD
Update

Yesterday closed with a strong decline in BTC quotes. The price gave a huge red candle, thus approaching the support at $28636.

Now we are at a crossroads:

• If negative news comes out and bitcoin falls, then support should be sought at the Head and Shoulders neck line penetration at $24,826.

• If the market maker decides to give upward momentum, then resistance can be found in the $31704 zone. There it will be possible to partially close a long position, or tighten stops.

In any case, we do not open large positions yet and are waiting for clarifications on the market.

24 Nis 2023

Not

BTCUSD
Update

Since the last analysis, Bitcoin has broken through one of the main local supports at 28 636.

There was a frail attempt by buyers to take the initiative, but it did not even reach the 28 636 level retest.

If the price cannot be held at 27 300 - 27 100, then we will see a downward puncture and a subsequent decline to the second support level at 24 826.

Now there is no news, the market is frozen in anticipation of the next impulse. We are still not gaining large positions, we are waiting for an explanation of the situation on the market.

26 Nis 2023

Not

BTCUSD
Update

And here comes the clarification of the situation. First Republic Bank FRC shares continue their flight into the abyss, thereby pushing BTC up. At the moment, trading is probably frozen, because headlines slip through the news that quotes fell by another 18%. But the Fed does not sleep, and a statement has already slipped that they are ready to provide liquidity to the bank, and the US authorities are planning to nationalize the bank.

According to the BTC chart, we received an impulse breakout of the $28636 level. The next resistance is at 31704. If this trend of capital flow from banks to bitcoin continues, then the support at 31704 will be immediately broken.

At the moment, the team is still monitoring the situation. In case of interesting movements, we will give you another useful update.