BITCOIN: Detailed coin overview by TF: 4h, 1d, 1M (BUY and BUY!)
Dear friends, I am glad to welcome everyone again!
To begin with, I would like to thank all of you for your support! I am extremely pleased to read your comments, I try to answer everyone!
As expected, I begin my review with a short-term picture. Time frame: 4 hours
So, bitcoin is still trading in an upward imbalance, and, currently, locally, the price is in the active stage of accumulation of $ 9470-9220. Today, the coin once again successfully tested the zone of liquidity accumulation (the main zone of control of buyers), as a result of which, we again saw an instant price buyback. This indicates the interest of the market and its growth as a whole. Also, it is worth paying attention to altcoins, the growth of which I regularly spoke in my posts, both on tradingview and in telegrams. This is a good signal for the market.
For further growth, the price needs to break through and gain a foothold above local resistance, where a huge accumulation of limit sell orders is concentrated. Given the globally bullish picture, and the aggressive demand of buyers, I expect the resumption of an upward trend in the region of $ 9,800-10,300.
Let's switch to the time frame 1 day:
Pronounced signals for buyers are:
1) Successful consolidation above ma200;
2) Consolidation and aggressive purchase of prices from psychological $ 9,000;
3) Successful consolidation above the main line of a downtrend;
4) Fixing for 382 Fibonacci levels ($ 9270);
5) A new influx of volumes;
6) Wave structure;
7) 3-month consolidation and a set of positions by major players;
Now the bulk plans to buy bitcoin from $ 8800-9000, and, in principle, it is quite possible. This is the strongest support area, but everyone remembers how the crowd wanted to enter the market for $ 8,000? Realizing that the train leaves without them, they had to enter a market position, pushing the price higher and higher.
Let's take a look at the 1 month time frame:
This time frame most deeply shows the current mood of the market, and gives us another extremely strong signal to continue the upward trend, namely the candlestick model: “Morning Star”. This is one of the most powerful trend reversal patterns.
It consists of 3 consecutive Japanese candles:
The first is a bearish candle with a long red body;
The second - with a short body with a gap down and a long lower shadow;
The third is a bullish candle, with a long green body, which should cover most of the red body of the first candle. It is the last candle that finally confirms the prevailing morning star reversal pattern.
I have repeatedly said in my posts that the "Bottom" ($ 6,400) has passed, and you and I are witnessing a new wave of growth. How it drags on and in what form it is transformed, only ... nobody knows.
Based on the foregoing, globally I expect a continuation of the upward trend to the prices indicated above.
P.S. As I said earlier, my limit orders from 8800 to 9100 are also waiting in the wings. If the price is fixed for $ 8300, the analysis will lose its relevance.
If you wish, share your ideas in the comments and like them! ❤️
And also subscribe to my telegram channel!
All successful bidding!
To begin with, I would like to thank all of you for your support! I am extremely pleased to read your comments, I try to answer everyone!
As expected, I begin my review with a short-term picture. Time frame: 4 hours
So, bitcoin is still trading in an upward imbalance, and, currently, locally, the price is in the active stage of accumulation of $ 9470-9220. Today, the coin once again successfully tested the zone of liquidity accumulation (the main zone of control of buyers), as a result of which, we again saw an instant price buyback. This indicates the interest of the market and its growth as a whole. Also, it is worth paying attention to altcoins, the growth of which I regularly spoke in my posts, both on tradingview and in telegrams. This is a good signal for the market.
For further growth, the price needs to break through and gain a foothold above local resistance, where a huge accumulation of limit sell orders is concentrated. Given the globally bullish picture, and the aggressive demand of buyers, I expect the resumption of an upward trend in the region of $ 9,800-10,300.
Let's switch to the time frame 1 day:
Pronounced signals for buyers are:
1) Successful consolidation above ma200;
2) Consolidation and aggressive purchase of prices from psychological $ 9,000;
3) Successful consolidation above the main line of a downtrend;
4) Fixing for 382 Fibonacci levels ($ 9270);
5) A new influx of volumes;
6) Wave structure;
7) 3-month consolidation and a set of positions by major players;
Now the bulk plans to buy bitcoin from $ 8800-9000, and, in principle, it is quite possible. This is the strongest support area, but everyone remembers how the crowd wanted to enter the market for $ 8,000? Realizing that the train leaves without them, they had to enter a market position, pushing the price higher and higher.
Let's take a look at the 1 month time frame:
This time frame most deeply shows the current mood of the market, and gives us another extremely strong signal to continue the upward trend, namely the candlestick model: “Morning Star”. This is one of the most powerful trend reversal patterns.
It consists of 3 consecutive Japanese candles:
The first is a bearish candle with a long red body;
The second - with a short body with a gap down and a long lower shadow;
The third is a bullish candle, with a long green body, which should cover most of the red body of the first candle. It is the last candle that finally confirms the prevailing morning star reversal pattern.
I have repeatedly said in my posts that the "Bottom" ($ 6,400) has passed, and you and I are witnessing a new wave of growth. How it drags on and in what form it is transformed, only ... nobody knows.
Based on the foregoing, globally I expect a continuation of the upward trend to the prices indicated above.
P.S. As I said earlier, my limit orders from 8800 to 9100 are also waiting in the wings. If the price is fixed for $ 8300, the analysis will lose its relevance.
If you wish, share your ideas in the comments and like them! ❤️
And also subscribe to my telegram channel!
All successful bidding!
