ðī $BITCOIN : Big Dump Ahead ? READ THE CAPTION
āļāļĩāđāļāļąāļāđāļāļ:
By examining the Bitcoin chart in the daily time frame, we see that the price is forming a downward context after breaking the $26,900 and $26,540 areas! If the price stabilizes below $26,500, I expect a price dump! If the price falls, the initial target range will be $23,950 to $25,300 and the next target will be $20,000! The 20K area can be a possible Potential Reversal Zone ! (PRZ) Do you think it is possible that the price will reach $20,000 in the next 3 weeks ?
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â ïļ This Analysis will be updated ...
ðĪ Arman Shaban : ArmanShabanTrading
ð 05.12.2023
â ïļ(DYOR)
âĪïļ If you apperciate my work , Please like and comment , It Keeps me motivated to do better âĪïļ
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
â ïļ This Analysis will be updated ...
ðĪ Arman Shaban : ArmanShabanTrading
ð 05.12.2023
â ïļ(DYOR)
âĪïļ If you apperciate my work , Please like and comment , It Keeps me motivated to do better âĪïļ
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
New Supply Zone : $26,800 to $27,100 , Looking for Short âĶ â
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Hey Guys , right now one of the most important supply zones is in the range of $26,800 to $27,100 and if the price can consolidate below this zone the MAIN analysis will be confirmed and weâre going to see 25K first and then 23K and at the end weâll see 20K target of #BITCOIN !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The Second Supply Zone : $27,650 to $28,330 ! Keep an eye on itāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The Second Supply Zone : $27,650 to $28,330 ! Keep an eye on it
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Well , as you can see , the price after reaching the second supply zone faced with a drop an fall to 26800 ! The main analysis is still valid and be ready for a big drop ! āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
One of The The Best Zones for BUY is : $23,950 to $25,330 ! Wait for The Confirmation First ! I'll Let you know here ! Follow this post !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Till now , exactly as we expected the price felt exactly from the second range that we specified before and the first targer of it is $25,850 and the second target will be $25,300 , this analysis will be updated soon ! Thanks for your support guys ! Best Regards , Arman Shaban
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As you can see, Bitcoin is still trading in the range of $27,000, and this analysis is valid as long as the price is traded below $28,000. Pay attention that the stabilization of the price below the zone of $27,000 to $28,000 is one of the important conditions for the drop to $25,000 and Next is up to $20,000! You can see the daily and hourly updates of this analysis below the posy in the comment section in trading view !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Well , it seems the price stared to fall , ready for the next target ?? Just follow my TA step by step ! Thanks for your time guys , i appreciate it ! Best Regards, Arman Shaban
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Hello Traders , Based on yesterday's update, we saw that the price was rejected again from the range I specified and fell to $26370, as I mentioned in the previous update, as long as the price is trading below this level, this analysis is valid And we have to see if the price will finally succeed in hitting the 25K target in the next 2 days or not! Follow the analysis! āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Updating : The Last Update is Still Valid , Which was Based on yesterday's update, we saw that the price was rejected again from the range I specified and fell to $26370, as I mentioned in the previous update, as long as the price is trading below this level, this analysis is valid And we have to see if the price will finally succeed in hitting the 25K target in the next 2 days or not! Follow the analysis!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Important Update : According to the momentary analysis of Bitcoin, POC Line is currently at the price of $27,400 , which means that it is one of the most important supply levels in this area. It is very important that the price stabilizes below this resistance area, because it can and It will cause a heavy drop to $25,000 as the first target! So watch the price and its actiob in this zone !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The Resistance Zone is Holding the price for more growing and it became a very strong Resistance zone so far (27K to 28K) and all i said before is still valid , please read the on the last update ! The NEXT TARGET WILL BE 25K !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Currently, the important resistance of #Bitcoin is in the range of $27,400, if the price fails to break this resistance, we can expect the last week's scenario and wait for the target of $25,000! So the previous analysis is still valid!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
By re-examining the analysis of Bitcoin we see that The price reacted negatively again by reaching $27400 and started to correct, we have to see how long this resistance will stop the price to growth, because the rejection or break of this level will determine the main and next trend !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Well , Finally It Started to Fall :)) Where are the Bulls now ?? It's near to the first bearish Target (25K Zone) !! Did you get that SHORT ?
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Important Update : By examining Bitcoin in the daily time frame, we can see that the price dropped to $25,860 last day and entered the 25K channel, but it faced demand pressure and is currently trading in the $26,500 range, The first important supply level is in the range of $26,800 to $27,500, and if the price enters this range, we can expect a negative reaction! The main analysis is still valid, unless proven otherwise!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Another Important Update : Well , If the price can consolidate above $26,800 in the next 3 days , itâs more likely that the price can see $27,700 and $28,300 as the next correction targets before the BIG DUMP ! So , Keep Updated and Stay with us !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
New Post and Update of the original TA : âïļ Based on the momentary update that I put on Trading View yesterday , I expected the price to have an upward corrective movement up to $28300, which is exactly what happened, and the price has faced correction after entering this range, we have to see if Will the price stabilize below this level or not? If the candle closes below this range, we can expect the price to drop to $27,000 as the first target! Be sure to follow the real-time updates of Bitcoin in Trading View!
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Hey Guys , As you can see, yesterday's candle closed at the price of $27740 and I still have a bearish view to this level, if today's candle closes below $27550 , we can expect a drop to 27K and then targets lower than that (this analysis will be updated)āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
â
27K Reached , As Expected â
(The TA will be Updated soon)
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
By re-examining Bitcoin, we see that after the correction of the price up to $26,600, the price is accompanied by an upward movement again, if it stabilizes below $27,550, we can expect a further drop in the price!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Well , it started to fall ;) letâs go for lower targets ! Where are the buyers ?āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
â
The Initial Target Reached â
By re-analyzing Bitcoin, we can see that the price started to fall from $28,400 based on the latest update and has been able to correct up to the $25,300 range! According to the main analysis, the first target was between $23,950 and $25,300, and the price is actually hitting the first target by entering the $25,300 channel. To better understand the chart, see the main analysis with all its updates! Note that $23,950 to $25,300 is one of the important demand ranges!
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
New Update : According to the latest update , after reaching the mentioned DEMAND ZONE , the price was accompanied by demand pressure and managed to grow up to $27400 (important supply level), today with the growth of the dollar index (DXY) and the fall of the stock market and crypto, we see that the price has corrected up to $26,500, we have to see if it can penetrate below $25,300 again or not ! There is a possibility of an upward movement! āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Bitcoin's analysis update : By checking the bitcoin chart, we can see that the price is currently still trading in the range of $26,600. By checking the charts of altcoins and bitcoin, it can be concluded that the market is preparing itself for a heavy fall! This is my personal opinion, so consider all possibilities!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Ready for the DUMP ? By checking the bitcoin chart, we can see that the price has entered the $25,000 channel again, if it stabilizes below $26,200, there is a possibility of a heavy fall, as mentioned in the previous analysis, by checking the charts of altcoins and bitcoin, it can be concluded that the market is preparing itself for a heavy fall! This is my personal opinion, so consider all possibilities!āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
âïļ Bitcoin's analysis update : The previous analysis of Bitcoin is still valid! Take care of your positions today because we have the PPI statistics and the press conference of the Federal Reserve and the interest rate setting meeting !āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Well , yes !! It started to fall âĶ 25K is Lost â
HELLO 24K âšïļāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
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