#BITCOIN ⟶POTENTIAL BEARISH MOVE!!
Bitcoin Analysis Summary
4-Hour Time Frame ⏰📊
Based on the bearish divergence and top formation on the midline of the bullish channel in the 4-hour time frame, there is a chance of a drop in #Bitcoin 📉⚠️.
However, as mentioned in the previous analysis, the continuation of the drop depends on the break of the bullish channel in the 4-hour time frame. Additionally, the break of static support at 64,879.59 and the 4-hour candle closing below 64,190.00 should be added to the conditions for the drop 🛑📉.
If the drop continues:
Bitcoin could hit the following targets:
🎯 Target 1: 63,261.17
🎯 Target 2: 60,920.34
🎯 Target 3: 57,877.90
Condition for growth:
If the drop conditions are not met, the growth conditions should be analyzed in lower time frames, which we will cover next 📊📈.
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Bitcoin Analysis Summary
1-Hour Time Frame ⏰
In continuation of the 4-hour time frame analysis 📊:
As long as Bitcoin remains below the midline of the bearish double channel and the static resistance at 64,879.59, the bearish trend is likely to continue 📉⚠️.
On the other hand, if there’s a rise, this same area (midline of the double channel and resistance at 64,879.59) could stop the growth and bring Bitcoin back into a bearish phase 🔄📉.
Stop-loss for the bearish scenario:
A shift to bullish will occur with a break of resistance at 64,879.59 and the midline of the bearish double channel in the 1-hour time frame 📈.
If the stop-loss for the bearish scenario is triggered:
Bitcoin could reach the following 3 targets:
🎯 64,879.59 - 67,220.42
🎯 68,838.84
🎯 Upper boundary of the expanding triangle (from previous analyses)
4-Hour Time Frame ⏰📊
Based on the bearish divergence and top formation on the midline of the bullish channel in the 4-hour time frame, there is a chance of a drop in #Bitcoin 📉⚠️.
However, as mentioned in the previous analysis, the continuation of the drop depends on the break of the bullish channel in the 4-hour time frame. Additionally, the break of static support at 64,879.59 and the 4-hour candle closing below 64,190.00 should be added to the conditions for the drop 🛑📉.
If the drop continues:
Bitcoin could hit the following targets:
🎯 Target 1: 63,261.17
🎯 Target 2: 60,920.34
🎯 Target 3: 57,877.90
Condition for growth:
If the drop conditions are not met, the growth conditions should be analyzed in lower time frames, which we will cover next 📊📈.
..............................
Bitcoin Analysis Summary
1-Hour Time Frame ⏰
In continuation of the 4-hour time frame analysis 📊:
As long as Bitcoin remains below the midline of the bearish double channel and the static resistance at 64,879.59, the bearish trend is likely to continue 📉⚠️.
On the other hand, if there’s a rise, this same area (midline of the double channel and resistance at 64,879.59) could stop the growth and bring Bitcoin back into a bearish phase 🔄📉.
Stop-loss for the bearish scenario:
A shift to bullish will occur with a break of resistance at 64,879.59 and the midline of the bearish double channel in the 1-hour time frame 📈.
If the stop-loss for the bearish scenario is triggered:
Bitcoin could reach the following 3 targets:
🎯 64,879.59 - 67,220.42
🎯 68,838.84
🎯 Upper boundary of the expanding triangle (from previous analyses)
ملاحظة
Trading Idea for Continuing the Bearish Trend
Based on the 5-Minute Time Frame ⏰📉
Considering the bullish divergence that occurred in the 15-minute time frame at Target 1 of the drop (63,261.17) as a support 🛡:
If there’s a rise, the trendline of this divergence in the 5-minute time frame (aligned with the shadow from the 4-hour time frame) and the resistance at 64,879.59, aligned with the midline of the bearish double channel, could be the best points to resume the drop 📉📊.
With the stop-loss mentioned for the bearish scenario in the 1-hour time frame ❌.
ملاحظة
Hello!
Another super accurate prediction! 🎯
In this post, I predicted the drop in #Bitcoin, and during this drop, it hit Target 2 (60920.34) 📉✅.
I hope you all grabbed this easy profit!💰
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.