besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc. the probability that we have bottomed out is in my opinion quite high from what i see and feel. so here i drew some trendlines and a fib circle the Ellipses are equal size (copy/paste) they seem dancing around the following fib circles coloured...
Hello everyone, hope you guys doing great. So those who follow know, that my close monitoring and breaking down chart payed off... Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates.. So hope everyone bagged some profits already,...
Now BTC is facing resistance here on the line which i drawn a month back. lets see the next moment .
🏃♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern . 🏃♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. 🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of...
🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line . 🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves . ✅Bitcoin broke the Uptrend line . 🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon. ❗️⚠️Note⚠️❗️: An important point...
After the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level. However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k. The short-term support is situated around the...
Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This...
- Timeframe 2 months - Stochastic RSI crossing has marked every bottom for Bitcoin - Can't predict small moves in market but I think Momentum is reversing Do what you like to do with the information
👋Hi, I hope you had a great weekend. ✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 . 🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴. 📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern . 🌊According to the theory of Elliott waves ,...
- What you can see if you remove Bars and replace them by Lines ? - Congratulation, you just removed the noise in the chart. - Everything is in graph. - Covid19 Black Swan included. - Not a price prediction.🤷♂️. Happy Tr4Ding !
Hi again... As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show. To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under.. _________________________________________________________________________________ So, in...
Hello everyone, new week, new BITCOIN update. Hope everyone doing great! ____________________________________________________ This week should be lot of FUN, due to FED meeting at Wednesday, Im expecting increase in volatility so I suggest to everyone act accordingly. So as I ment in Last Update, there was increased chance of retracing back to Highier prices,...
🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop . 🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves . 💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys . 🔔I...
↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ). ✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you. 🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the ...
The resistance drawn is based on the flow of old resistances in low time. A lot of follow-up has been done to get the resistance you see. If the price reaches the red box, the bitcoin bull run is over I specified the targets
Hello everyone, Im back with just quick update to Monday pre-Market idea __________________________________________________ So, as expected we went lower really close to our Sellside t1. Price didnt touch our t1 box, but if you trade with Trailing Take Profit, you should be taking some profit-% off the table at this point. Today and Tommorow, there should be...
Currently experiencing a 12-month BEARISH Stophunt on BTC. This pullback is apparently due to Greyscale selling its BTC shares I see we will AT LEAST drop down to 40k, but lower is more than likely necessary for capitulation and a move higher. I see approx areas of support being 39K,35k,32k,30k,26k Anything is possible. I personally would love another OPP to...
Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short? How do we trade this? 🤔 To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend...