Every time price touches the 5th circle price drops up to three circles down. Is this circle coincidental? So many pivots are aligned with it. Not claiming a drop will happen just based on this circle, fib circles are a curiosity for me.
If it loses the range it is down to 19.5k, if it holds we might see a bounce to the midline . More likeley to break down since RSI is below 50% and no bullish divergences have been formed, in addition there are the gaps below and plenty of inefficiencies in the price action. The range from 19.5k to 22.3k is a transient zone with hardly any volume, they tend to be...
It has been following this fractal with odd precision. Doesn't mean it will keep following it. Price action and structure always trump fractals. Bullish divergence on the 4H, near midline of the channel, I expect a relief bounce to above 18.8k , if not it can keep on dumping. One has to continuously monitor it and gauge the signs.
Just musing, a lot of similarities in the price structure compared to November 2017. Confirmation of possibility for this idea is consolidation under 17600 support. Currently BTC holding level.
Greetings! Bitcoin goes up like a rocket. Many factors pushed him. But now the asset is clearly overbought. We need to prepare for the correction. It's hard to say where it starts. Perhaps we'll hit $14,600. But I believe that there will be a pullback to the area of $14,000 if we go back to the upstream channel. Which I have updated. If you like my ideas, please...
A rising expanding wedge and divergence on the RSI is never a good combo! Expecting a play down from here on the short term. Hoping this doesn't bleed alts too much further!
Hi there, We have picked up that divergence of wave 5 indicating a fall on BTC, we anticipating this fall as much as we are still concerned about the incomplete rely of our firth wave. Watch price action to identify more bearish candles with strength to the down side. Goodluck
Last week closed on a perfected TD 9 (close higher than the previous week) and this week is closing with the start of a downward TD sequence. Not only that but there is bearish engulfing candle that covers last week's candle. Furthermore there is a weekly bearish divergence and price is about to cross the midterm trendline that held price since mid March.
BTC is in a bad shape, broke the 3 month diagonal trendline and closed below it, this is very bearish and if support at 8500 is lost than it might free fall. Now price lies in the exact same zone prior to last March capitulation. Maybe one more bounce before final dump. However there remains the chance of whales manipulation for a stop hunt to 10.5k, stopping out...
I expect a bulltrap around 10600. Keep an eye for short opportunity. Huge wage bull trap coming from 2017 break is the key for the long bullrun. Support are depicted as TD setups, daily MAs and Fib 0.618. BTC.D(MARKETCAP BTC DOMINANCE) above 73 will be a disaster for alts. Meanwhile CRYPTOCAP:OTHERS is on the rise(Market Cap of Alts except top 10). Before the...
It is why I didn't recommend longing this mini micro uptrend. One hour left for 4H candle to close and it looks like it wants to form a bearish shooting star. No luck bulls, whales have other plans for BTC. The big drop timing is between April and May, not necessarily like I have drawn on the chart.
hello i will share predict bitcoin bitcoin going play pattern Diamond Target Down 6200-6300
I expect one more leg down with 5 wave structure
if BITCOIN Form a Bear Flag then we can see More drop in downside Continue, Let see how marke play . ThankYou
BTC USDT, Mini short, Intraday 15m
The current correction seems to be a way or a complex flat correction - We will see. For now I expect a bounce from 7.2 k range to 11 k. Part 3 will be up soon
BTCUSD is probably making a regular flat in 1h time frame.
Hello dear crypto friends, hope you're doing well! ;) Grandpa Bitcoin has turned into a solid Bear Flag on the Daily. + Welcome present for the start of the indicators , have fun watching! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so...