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...
The eagerly anticipated ETF has finally arrived, and as anticipated by many, its approval was followed by a correction. After reaching a peak of $49,000, BITSTAMP:BTCUSD experienced a decline to a low of $41,500 yesterday, marking a 20% correction overall. The question now arises: is the correction complete? In my view, Bitcoin could potentially undergo...
Based on our analysis, the red box is a very strong supply and is related to the above timeframes. We expect to have rejects from this area to the 35K to 36K channel. This movement may take some time, but we should note that the price receives a lot of sell orders from the red box We have already predicted the recent Bitcoin pump. Refer to the related analysis...
seems like good support near 15K : look for a breakup. possible one more down leg. but trade with care , long term still looking bearish.
✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post . 🏃♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary...
BITCOIN is currently heading toward the daily support area, As well as bitcoin dominance is also near its support zone. There are high chances to bounce back from support zone due to ETF
👋Hi, everyone. 🌐Today, I want to explain to you the possible scenarios for Bitcoin; during the last week and the beginning of the new year 2024 , Bitcoin has been affected by the News , and we have seen Pumps and even Dumps , so before the SEC decision In the case of Bitcoin ETFs , it is better to trade a little more carefully . That's why I didn't...