WATCH FOR DIVERGENCE ⟶ #BITCOIN'S NEXT MOVE AT RESISTANCE
#Bitcoin Analysis Summary #Bitcoin
4-Hour Time-Frame ⏰
Given the sluggish rise from the monthly support (60774.50) 📉, the bearish trend-line with a shallow slope can act as a barrier between further decline and continuation of growth 📊.
As long as #Bitcoin remains below this trend-line and no confirmation occurs in the 1-hour time-frame, the chance of resuming the decline is high ⚠️.
🔻 Bearish trigger: Breakout of weekly support 62755.61 on the 4-hour chart.
🔻 Target levels: 59892.41 and 56964.92.
This decline could set the stage for a future bullish move based on the rising wedge pattern 📈.
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#Bitcoin Analysis Summary Based on the 15-Minute Time-Frame ⏰
In the 15-minute time-frame, near the key resistance of the 1-hour bearish trend-line (mentioned above), there is potential for a bearish divergence 📉.
🔄 We draw a trend-line for the final bullish move (divergence trend).
📉 Breaking this trend could signal an early drop based on the main scenario.
Condition for the drop: Breaking the divergence trend-line on the 15m chart.
If supported, there’s a chance for a rising wedge pattern before the drop.
🎯 Updated drop targets:
1️⃣ 61355.26
2️⃣ 59892.41
3️⃣ 56964.92
❌ Stop-loss for the drop scenario and entry into the continuation phase: Breaking the 1-hour bearish trend line.
4-Hour Time-Frame ⏰
Given the sluggish rise from the monthly support (60774.50) 📉, the bearish trend-line with a shallow slope can act as a barrier between further decline and continuation of growth 📊.
As long as #Bitcoin remains below this trend-line and no confirmation occurs in the 1-hour time-frame, the chance of resuming the decline is high ⚠️.
🔻 Bearish trigger: Breakout of weekly support 62755.61 on the 4-hour chart.
🔻 Target levels: 59892.41 and 56964.92.
This decline could set the stage for a future bullish move based on the rising wedge pattern 📈.
..........................
#Bitcoin Analysis Summary Based on the 15-Minute Time-Frame ⏰
In the 15-minute time-frame, near the key resistance of the 1-hour bearish trend-line (mentioned above), there is potential for a bearish divergence 📉.
🔄 We draw a trend-line for the final bullish move (divergence trend).
📉 Breaking this trend could signal an early drop based on the main scenario.
Condition for the drop: Breaking the divergence trend-line on the 15m chart.
If supported, there’s a chance for a rising wedge pattern before the drop.
🎯 Updated drop targets:
1️⃣ 61355.26
2️⃣ 59892.41
3️⃣ 56964.92
❌ Stop-loss for the drop scenario and entry into the continuation phase: Breaking the 1-hour bearish trend line.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.