Hello everybody , a long time ago no updates for bitcoin because there's nothing to say * Sideways boring *
On the left we can see a clear falling wedge and as always we know that bitcoin never lie on falling wedges but on the right also we have a bearish flag may take us to 3300$ * Binance price* but in my opinion the coming is bullish not bearish but we need at least 1 confirmation that is closing 1D candle above 3525$
In addition that we have a very important reversal date 14 Feb before this date i'll tell you what is gonna happen because we're in a very difficult situation is we gonna take the bearish triangle of the star or we'll touch the bottom of diamond then we drop inside the bearish triangle so we need a break-out for this diamond to reach 4800$
I know that we can't wait the action for the entry so i'm gonna give you the summary
In my opinion you have 2 options for now:
1- Buy now with stop-loss under the pervious bottom
2- Wait for the break-out 3520$ or buy at 3300$
Don't forget to Like if you see this analysis helpful for you
Thanks
On the left we can see a clear falling wedge and as always we know that bitcoin never lie on falling wedges but on the right also we have a bearish flag may take us to 3300$ * Binance price* but in my opinion the coming is bullish not bearish but we need at least 1 confirmation that is closing 1D candle above 3525$
In addition that we have a very important reversal date 14 Feb before this date i'll tell you what is gonna happen because we're in a very difficult situation is we gonna take the bearish triangle of the star or we'll touch the bottom of diamond then we drop inside the bearish triangle so we need a break-out for this diamond to reach 4800$
I know that we can't wait the action for the entry so i'm gonna give you the summary
In my opinion you have 2 options for now:
1- Buy now with stop-loss under the pervious bottom
2- Wait for the break-out 3520$ or buy at 3300$
Don't forget to Like if you see this analysis helpful for you
Thanks
Comment:
Don't forget the last target * Right * zone 3850 - 3880
Comment:
Update Bitcoin:
This is gann star used to know the Reversal dates & Support/Resistance , Maybe H&S on daily timeframe ?
But also we're following the low time frames 1H - 4H to predict the short-term targets for scalping , i know that the market is too boring because bitcoin still moving sideways but this is good for alt coins to moving up , We have a very important reversal date at 18/3 to 20/3 after it bitcoin will take the real up-trend after the break-out of the big down-trend or drop to make a new lower low.
I'll update before this date , just keep your eyes on H&S and remember 18/3
This is gann star used to know the Reversal dates & Support/Resistance , Maybe H&S on daily timeframe ?
But also we're following the low time frames 1H - 4H to predict the short-term targets for scalping , i know that the market is too boring because bitcoin still moving sideways but this is good for alt coins to moving up , We have a very important reversal date at 18/3 to 20/3 after it bitcoin will take the real up-trend after the break-out of the big down-trend or drop to make a new lower low.
I'll update before this date , just keep your eyes on H&S and remember 18/3
Comment:
Update bitcoin:
Today binance update will take approximately 8 hours we may see unpredictable movement but for safety i prefer to keep BTC instead of usdt , if you're investor and you care about the amount of satoshi keep BTC
I predict a sideway movement between RSI trends till the reversal date 18/3 - 20/3 therefore break-out/down to any of these trends to reach higher high or lower low
The next supports: 3800 - 3670 and the most important zone ( 3525 - 3570 ) i'll post where to sell bitcoin after the next pump at 14/3
Today binance update will take approximately 8 hours we may see unpredictable movement but for safety i prefer to keep BTC instead of usdt , if you're investor and you care about the amount of satoshi keep BTC
I predict a sideway movement between RSI trends till the reversal date 18/3 - 20/3 therefore break-out/down to any of these trends to reach higher high or lower low
The next supports: 3800 - 3670 and the most important zone ( 3525 - 3570 ) i'll post where to sell bitcoin after the next pump at 14/3
Now we need to break the big trend to fly at least to 3900$ but bitcoin may re-test the broken trend and bounce from it or break-down and back again to the bearish movement and i dont think that will happen
Im still bullish