#BTC #BTCUSD #BTCUSDT #BITCOIN #Update #Analysis #Eddy
As I said in my previous signals and analysis, Bitcoin's fall occurred exactly according to my analysis. (I hope you used and enjoyed my previous signals and analysis)
Now what is the next move for Bitcoin in my opinion?
Considering the demand area that Bitcoin is confirming and the PRZ area and the important one, Bitcoin is likely to rise from the price range of $60,000 to $70,000 to the area of $103,000 to $109,000.
On the other hand, we are witnessing the formation of the Quasimodo "QM" pattern in the RMT style, and from the ICT point of view, we are witnessing CHOCH, and considering the LIT style and observing IDM, we can say that this structure can be the continuation of Bitcoin's movement. That is, the rise to areas above $100,000 and then continuing to fall towards $30,000.
I have identified important demand areas for you in higher time frames.
I have indicated for you the type of movement it can make from the specified areas with PATH arrows.
This analysis is based on a combination of different styles, including Dow and Wyckoff theories, as well as market structure and Quasimodo pattern in RTM style with a combination of ICT and LIT styles.
Get the necessary confirmations to enter the trade from this analysis based on your strategy and style.
Don't forget about risk and capital management.
You are responsible for the transactions and I am not responsible for your failure to comply with risk and capital management.
💬 Note: This is only a possibility and this analysis, like many other analyses, may be violated. Given the specific conditions of Bitcoin, it cannot be said with certainty that this will happen and this is just a view based on the RTM and ICT style and strategy with other analytical styles, including the liquidity style.
Be successful and profitable.
Review the result of my previous analysis of Bitcoin:
As I said in my previous signals and analysis, Bitcoin's fall occurred exactly according to my analysis. (I hope you used and enjoyed my previous signals and analysis)
Now what is the next move for Bitcoin in my opinion?
Considering the demand area that Bitcoin is confirming and the PRZ area and the important one, Bitcoin is likely to rise from the price range of $60,000 to $70,000 to the area of $103,000 to $109,000.
On the other hand, we are witnessing the formation of the Quasimodo "QM" pattern in the RMT style, and from the ICT point of view, we are witnessing CHOCH, and considering the LIT style and observing IDM, we can say that this structure can be the continuation of Bitcoin's movement. That is, the rise to areas above $100,000 and then continuing to fall towards $30,000.
I have identified important demand areas for you in higher time frames.
I have indicated for you the type of movement it can make from the specified areas with PATH arrows.
This analysis is based on a combination of different styles, including Dow and Wyckoff theories, as well as market structure and Quasimodo pattern in RTM style with a combination of ICT and LIT styles.
Get the necessary confirmations to enter the trade from this analysis based on your strategy and style.
Don't forget about risk and capital management.
You are responsible for the transactions and I am not responsible for your failure to comply with risk and capital management.
💬 Note: This is only a possibility and this analysis, like many other analyses, may be violated. Given the specific conditions of Bitcoin, it cannot be said with certainty that this will happen and this is just a view based on the RTM and ICT style and strategy with other analytical styles, including the liquidity style.
Be successful and profitable.
Review the result of my previous analysis of Bitcoin:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.