Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) . I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time...
Bitcoin is breaking the Important Support line . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze...
Currently, we received a reaction from the daily level, which was at 65k, and the price is holding for now. If at some point we see that the correction continues, the FVG located from 63k-64.5 is an excellent longa zone. Of course, we always have to be ready for both cases, below there are strong levels of 60-61k. Only below that is the possibility for 50k. Better...
BTC still has good momentum. Bitcoin is trading in a range. It is expected to reject upwards when it reaches the POI. Closing a daily candle below the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a...
Hello everyone, today I decided to do a quick update before I come back with Q3 update in July. I haven't planned to do more updates this month, but I noticed something very interesting in my opinion and I think that more people should pay attention to it. As I said before - my Base Case for Q2 was that this quartal may be the BAD time to Invest in BTC for a...
Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement. Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line . According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for...
BTCUSD : Bitcoin is out of our flag channel but should hold above 67000. The movement we expect from Bitcoin is to move up to the specified targets. But we have two scenarios in mind. 1. Shorts position scenario: If it loses the support range of 67,000, it will move to the price of 65,000 And you can wait for the price to return to 67000 for a sell position...
Bitcoin is moving near the Resistance zone($70,890_$70,140) . According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the main wave 4 . So far, the main wave 4 structure is a Zigzag(ABC/5-3-5) . I expect Bitcoin to fall at least to the Support zone($69,280_$69,120) . If the support zone breaks , we can confirm the...
Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign...
From where we put the green flash on the chart, it looks like BTC correction has started. This correction is a triangle or a more complicated pattern, in the first step we wait for the green range to drop. By maintaining the specified supply, it can move towards the targets. Closing a daily candle above the invalidation level will violate the analysis For risk...
Over six weeks ago, Bitcoin start forming a Bull Flag pattern. The breakout above the 20-day and 50-day Simple Moving Averages (SMAs) confirmed a low, setting the stage for a potential rally towards the Bull flag's target of approximately $100K. Fast forward to today, BTCUSD has not only surpassed these SMAs but also cleared the Ichimoku Cloud, positioning the...
By The Cryptohoney Trader Kingdom Hello, fellow traders and crypto enthusiasts! Just like bees finding the sweetest nectar, I've been diligently monitoring Bitcoin's price movements and have identified some critical areas and targets that could guide our trading strategy in the upcoming weeks. This idea is a gift from me to our community, and it represents our...
Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. ...
Hello everyone, last update I said that we are in an unprecedented time for Bitcoin so I decided today to shed more light on this statement. I said it because it is the FIRST TIME in Bitcoin History we doing something that never happened before. --- BITCOIN is consolidating ABOVE its MONTHLY ATH Close --- This should be enough as a reason for everyone...
Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) . In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern . I...
After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall. Bitcoin has managed to break the lower line of the ascending channel . According to the theory of Elliott waves , it seems that the next corrective waves have started . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . Note: An important point...
Bitcoin has encountered resistance at the $71,300 level once again. Should Bitcoin successfully break through this resistance, the next target is projected to be $74,000.
🌐 Bitcoin seems to have started to increase under the influence of Ethereum ETF news ➕ Inflows into Bitcoin ETFs hit $237 million on Monday . 🏃♂️ Bitcoin is currently moving near the 🔴 Resistance zone($73,780-$71,920) 🔴 and the Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 5 . 🔔I...