- BTC is currently trading around 98k. The price of BTC has been continuously rising for the past 2 weeks, and the market sentiment is extremely enthusiastic. Everyone is shouting uptrend. Altcoin Ss. - However, as I observe, it is currently a good time to take profit and hold USD, or you might wait for BTC to have a fake breakout past ATH (around 100-103k in the next 2 days.) - Below, it seems that everyone also sees the price of BTC continuously increasing but the volume is decreasing, this is a price increase that is not sustainable, so in my opinion, everyone should take some profits and wait for a correction to the 78-80 range before re-entering.
#BTC , are you okay? I've been holding onto losses for a month now.
I'm still stuck with a short position on BTC at the 83k level due to the market's sudden growth. Besides BTC, I'm also down on 12 short positions on altcoins by 10-15% spot, with the heaviest being the terrible coin SUI at 40%.
In my opinion, in the coming days, BTC will try to create a W-shaped bottom around the 98-99k area. After that, it will enter a major correction phase. The immediate targets are the 91k and 85k levels.
BTC ANALYSIS 2/5 As long as BTC has not closed the daily candle above 99k, there is a high likelihood that BTC will follow the plan shown in the image, guys. It is possible that BTC is trying to stretch to pull the monthly wick.
Currently, BTC is creating a BEARISH divergence on the H4 timeframe, and the next adjustment target is the area of 88300.
ANALYSIS #BTC ON 16/4: WAITING FOR CONFIRMATION OF THE AFTERNOON FLIP
BTC has just had a price adjustment of 3k from 86k down to the 83k range. Currently, BTC is still fluctuating within the yellow box and has not confirmed a specific trend.
If there are no special news updates, breaking out of the bottom of the box will confirm a downtrend everyone. The short-term target is 79,409.
BTC is currently at 84,600 and still within the sideways range of 82,700 – 86,000. Previously, the price experienced a strong increase but continuously failed at the resistance zone of 85,500 – 86,000, indicating that buying pressure is starting to weaken. The level at 82,700 is an important support area: if broken, I think BTC could fall to 79,000, or even deeper around 72,000.
TECHNICAL ANALYSIS H1: RSI is still at a neutral level, MACD momentum is gradually weakening Volume is decreasing In my opinion, the buying side may still be cautiously bottom-fishing in the area of 76. BTC is in a sideways state; if the bottom of the box at 82,700 is broken, the next target will be for BTC to return to 79,000 and 72,000, with tails possibly extending to the area of 68-69k. Conversely, if BTC breaks through the 86k area, the next target will be 89k before reversing into a downtrend.
In my personal view, I lean more towards a downward sideways trend. Keep an eye on the yellow area, everyone.
View #BTC BTC will drop to create a short-term bottom at the 795 area, then it will return to test the peak of 83-84 (may create a divergence or a double top pattern) before continuing back to the main corrective wave.
100% BTC has not created a bottom yet, so going higher is not possible, however, the chart will be difficult to navigate in this area for our short trades, the safest option may be to wait for the 795 area to reduce our short altcoin orders, and leave the rest to wait for the final phase to enter orders at 83k-84k. Tp: 68k
Guys, don't rush to catch the spot bottom yet. BTC still has one major correction left, watch for 73k, with a range of 67-68 to enter, or wait for my call.
Short-term view for the day, main scenario in black, alternative scenario in red, the target remains the 73k area. Guys, please refer.
You guys shouldn't rush to buy the Spot yet, with the weekly chart like this, a sweep down to 67-68k is necessary. It's best to wait for the chart to create a bottom before buying SPOT.
Buy entry around the area of 0.25 Stl: 0.2 TP1: 0.4513 TP2: 0.8436 if there's strong FOMO Currently, on the weekly frame, the buying pressure for ARB has been gradually weakening, so you can catch the bottom around that area, remember to set the stop-loss to avoid holding to death.
In the next few days, #BTC may sweep the bottom around 83k, watch for an opportunity to enter, the coin requested by you, as I do not hold this one, the growth potential is too low, you can consider taking profit at TP1.
ETH has gone through 16 weeks of continuous correction, down 57% from 4100. It is currently fluctuating around 1800.
Looking at the W-frame chart, the price area of 1463 will be the ideal bottom area for the upcoming growth wave. In the next 1-2 weeks, there will be a final liquidation phase, and everyone can time their purchases with me. Tp1:2500, tp2:3600
If you have been following me for a long time, you will understand my view of the market. Today I will not view about #BTC anymore. Anyone who needs my support for stuck orders, comment below and I will assist, or share my views on the upcoming spot coins of interest!
The assessment is only for those who are genuinely interested in exchanging knowledge, and will not engage with the lower elements of society!!! If your ego is high, go trade and comment elsewhere!!
The market still leans towards the possibility of a correction to the price range of 76-78 as BTC has not broken the downward trend.
After several consecutive days of increase, BTC is currently fluctuating around the level of 86600. On the H4 frame, BTC is currently creating an upward channel, however, it is facing resistance at the confluence area between the downward trendline and +++, after touching the trendline, BTC did not decrease immediately but showed signs of sideways movement.
On the M15 and H1 frames, BTC is moving sideways in the box 86–884 and there is no clear next trend.
SCENARIO 1: Price breaks through strongly in the range of 86–864, then falls straight to the area of 835 with almost no significant retracement.
SCENARIO 2: Price tests the area above 86, then bounces back up to sweep the liquidity above (886–891). Right after sweeping, the price may close a BEARISH CANDLE inside the box 86–884 and then quickly go down to the lower area.
Personally, I lean more towards SCENARIO 1.
The main adjustment target is still around 76–78, the monthly candle closes red below the level of 83.
FORECAST #BTC 17/3: BTC WILL BE 78K TODAY OR TOMORROW
The weekly frame is still in a downtrend, with no bottom and no signs of reversal. The daily and H4 frames are currently swinging around the 825 - 85000 range.
Currently, BTC is testing the support zone of 825-835. If it cannot close the H4 candle above this zone, BTC will reverse down to the 80k range today and then to 77k5. Conversely, there will be a liquidity sweep in the 85-85800 range before reversing. There is a 99% chance it will not break the 86K mark.
For altcoins, during this period, BTC's dominance adjustment will create a spike up to 64-65%, causing altcoins to drop at least another 15-20% from this price.
BTC is currently trading around 82k showing slight recovery signs but has not broken the main downtrend yet. In common terms, it's called a chess range. During this period, BTC will only fluctuate around 826-83 before turning back again; this turning point will be the FINAL liquidation phase of the market, everyone. BTC will test the bottom again at 75-78k.
Regarding Altcoin As I have indicated before, Dom will have to retest the candle wick on 3/2 one more time, so in this phase, if BTC decreases, altcoin may correct an additional 20-25%.
FORECAST #BTC 13/3: In the next 1-2 days, the next target is 78236
After BTC swept liquidity in the range of 835 - 84k, it created a new peak but could not maintain buying pressure, causing the price to immediately reverse to 805.
Currently, a downward trend has been confirmed. The first support level is 81565.
It is very likely that BTC will soon return to 782 tomorrow; here, the price may return, but it has not confirmed Long yet, everyone. It is expected that there will be a sufficiently long tail from now until the end of next week.
✅ Trading range: 85500 - 78600 🔍 Wait for price confirmation to touch DLL 79500 USD, pull back to create MSS, then set up Long according to ABC wave (📈). 🎯 Nearest resistance at 81190, take profit TP1 here and set up Short if there are signs of weakness (❌), or continue Long phase 2 up to 85500 - 86500.