After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall. Bitcoin has managed to break the lower line of the ascending channel . According to the theory of Elliott waves , it seems that the next corrective waves have started . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . Note: An important point...
If any hourly closing sustains below that white line then could 📉 📉 to 62865 If it sustains above white line and a daily closing above 66970 then 📈 📈 to 70274 Any daily closing above 70274 is bullish to 📈 📈 to 77559 marked on the chart Disclaimer: Its a personal view not a financial advice and I assume no responsibility and liability whatever...
Hi fellow traders, BTCUSD is ready to make a move higher from the blue box after completing flag correction in WXY formation. Target the 73579.45 level. Good luck and trade safe!
The price is showing weakness here and seems to be inclined to go downwards. Here is a short idea based on this inclination. Next supports are 4HS1 and DS1. We take profit at 4HS1 which is the first support zone. The price may bounce there, and therefore we will reevaluate the price action there. The price may eventually then target DS1 subsequently which is a...
Bitcoin (BTC) has lost momentum over the past two days, raising concerns among analysts, and traders. The leading cryptocurrency is currently trading sideways, lacking the strong volume needed to break through key resistance levels. Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the...
BTC break the upper side of the channel, now on retesting of channel support we can take entry of Buy. It's a long term trade(daily timeframe) so manage your risk accordingly.
Here is a new long trade idea. The price got rejected from hourly resistance HR1 after bouncing from hourly support HS1 several times. However, on the last drop on this support, the price broke that support and went southwards. The price will likely bounce from 4h support 4HS1 and will create an opportunity for a long trade towards 4h resistance 4HR1. Lets see how...
BTC ~ Updated #BTC Just as we expected. Price retested the Support Line of this pattern. We are still Bullish with a short term target of $80,000. If there are changes to our plans, we will immediately update them here. stay tuned
❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴. 📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected. 🔔I expect Bitcoin to continue its downward trend after the rise to the...
BTC ~ 1D Updated #BTC It seems #Bitcoin Retesting the Support Line in this pattern. Bulls still dominate as long as the price remains above this pattern.
🌐 Bitcoin seems to have started to increase under the influence of Ethereum ETF news ➕ Inflows into Bitcoin ETFs hit $237 million on Monday . 🏃♂️ Bitcoin is currently moving near the 🔴 Resistance zone($73,780-$71,920) 🔴 and the Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 5 . 🔔I...
Here is a short idea. The price has bounced several times from hourly support but is likely to break it on the next drop. The price may hit hourly resistance HR1 first before that and then reverse from there triggering our short trade. The price is likely to go down towards the target of this trade around 68.3k. Lets see where it goes.
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Head and Shoulder RSI - Divergence Completed " 12345 " Impulsive Waves Break of Structure S / R Level
hunting a long on btc. second 2w dol hasn't been reached yet at 72788.20 . H8 still delivering bullish, we are sweeping a fractal h8 low now. will long on m30 bullish cisd.
The price has hit the weekly resistance WR1 and has pulled back from there. The price has been pushed down from that resistance and it has now hit hourly support HS1 on this pullback. This support zone will provide support to the price and the price is likely to bounce enough for a long trade opportunity. We try this long trade towards weekly resistance around...
Dear Traders, We are convening a discussion focused on #RONINUSDT THE Decending Triangle Pattern Breakout Has Already Done ✅ So,I Expect a Bullish Move of 40% 🚀😉 Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC MIL:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT
Dear Traders, We are convening a discussion focused on #STMXUSDT THE Decending Triangle Pattern Breakout Has Already Done ✅ So,I Expect a Bullish Move of 40% In Coming Days 🚀😉 Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC MIL:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE ...
Hello everyone. First of all I should say happy new year (Nowrooz) to all iranian people around the world specially iranian traders community. Im going to explain how will BTC behave in coming months according to Elliot wave principles. As you know wave analysis act better in higher timeframes like Weekly. So I want to take a look at BTC price action from Nov 2022...