I've been waiting for a pull back since the last pump up to resistance. Using stochastic RSI to look for pullback as well as support lines.
Circled current price action to the previous push to 24k.
I am expecting support between 25k and 24k before bouncing and next resistances at 31.2k and 34k.
Rsi is under a huge bearish divergence so I do expect the next...
After a lot of hard work, the result is that bitcoin has tested the daily EMA several times and the first spot is at 17K and the second spot is at 19K and this makes it clear that there is a strong spot above 17K.
I'm looking at these trading points here to long from the Buying Tail and take it from there.
Ideally if we enter the upper single print area i would be interested in closing my long at the top of that single print and looking for a possible price reversal at that point.
BTC can rebound to $39,153 but thats the correction in ongoing downtrend and not the uptrend so if you are planning to Buy that should be the Max profit target.
The above outline shows where I figure ETH can go, should Buy pressure proceeds over the course of the following year. In a drawn out bullish view, ETH can hold the long haul and the upturn can skip some place close by the" esteem zone" Those are the costs where I may begin to rebuy some Ethereum with TP pointer, contingent upon how the crypto space sees that...
So i decided to remove phase 4 due a little concern on my demark indicator and like i said on my previous idea: we will se 2 to 3 days consolidating until the price makes a move
as right now on PRE-PHASE 4 we are seeing a false breakout witch will be reentering the pre-phase4 channel again an between later today or tomorrow we will see some action.
thankyou...
Attention to the rhythm of the wave for bitcoin.
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Kinnari + Elliott's wave theory
5 + 3 = Waves
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The price is under Wave A, B, and C.
ABCDE, Triangle leading by 2-wave.
The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave.
You have figured out...
Hi traders.
BTC has approached a support trend line.
Believe it is time for a slight push upwards.
Week upwards target shown by red arrow.
Bitcoin halving coming up soon so price should hopefully rise.
Like & drop a follow if you agree!
Note: DO NOT FOLLOW THIS TRADE BLINDLY!
All the major resistance and support plotted on the chart.
The price breaking out any of these R 9083 and R 8398 will give us new direction of trend .
The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel.
Traders can trade...
I am not going to write here in Pages. Let's move the strength topic.
This is " Price Action with Volume theory ".
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and...
Bitcoin just double topped at a massive resistance trendline and seems to be rolling over...
This video explains what might be next for the leading cryptocurrency.
