Please support this idea with LIKE if you find it useful. Price is being rejected by the Horizontal Resistance zone, also we have a Double Top pattern. In case price breaks the Horizontal Support + 200 MA to downward we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! ...
Heres a bullish view for BTC I was asked about BTC and these are my thoughts I believe BTC to be in a falling wedge at the current time at the top of a downward channel The only fundamental difference is the different fib circle locations, the earlier falling wedge move could have been preempted by a fib circle transition Possible bear trap The rising wedge...
Please support this idea with LIKE if you find it useful. Price formed a Descending Triangle and sitting on the Horizontal Support zone. In case there is a confirmed breakout of the horizontal support zone the pattern will be confirmed and we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it...
Please support this idea with LIKE if you find it useful. Price is approaching to the Higher Boundary of the Descending Channel, here we also have a 200 MA, which can potentially work as a resistance. In case we get a confirmed rejection of that level we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us...
Please support this idea with LIKE if you find it useful. Price stopped at the lower boundary of the Ascending Channel and also the one was supported by Horizontal Support Zone. For the H&S to continue working out we need to see the Lower Boundary of the Ascending Channel to be broken and then the Horizontal Support to be broken as well. Thank you for reading...
Please leave a LIKE & Comment if you enjoy the analysis. The Wyckoff distribution pattern has a range between $4800 and $6800. According to the distribution, the price is currently in at the "Upthrust" point, since it has moved above the horizontal resistance level at $6800. This is the initial movement of phase "B". The expected future movement is a downward...
as you know in my before post i did expect that btc will go to 7800 usd why was this target still not hit as i did expect? the most of my targets are right for more than 87%, but why this still not? --> There WAS FAKE NEWS! about the mining, and that btc network will become slow. and more miners will stop with btc mining. satoshi nakamoto did made btc for...
Please support this idea with LIKE if you find it useful. We possibly have a Head & Shoulders pattern forming. Currently price is forming the Right Shoulder and if there is a confirmed rejection of the resistance trendline, also the Ichi Cloud's higher boundary we can initiate a short position. In case price crosses the support trendline to downward we can also...
Please support this idea with LIKE if you find it useful. We got a breakout of the Rising Wedge. In case price loses its Horizontal Support, the rising wedge will continue working out and we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not...
According to the data getting from the different industries sectors and the level of confidence of people to the digital currencies and also the near recession period, I think we will have a significant change in digital currency values. in my opinion, digital currencies' idea is great but needed more time to obtain more reliability form the greater number of...
Please support this idea with LIKE if you find it useful. Price is breaking the Local Support now. The confirmed breakout will lead to retest of the Horizontal Support. In case there is a retracement we can initiate a short position on a confirmed retracement of the Horizontal Resistance Thank you for reading this idea! Hope it's been useful to you and some...
In my previous idea we have seen that on 2 hour chart the Bitcoin was forming bullish Gartley then finally as per prediction the priceline entered in buying zone and after hitting the sell zone dropped down. Formation of new BAT pattern: This time on short term 4 hour based chart the price action of BTC is forming bullish harmonic BAT pattern and soon it will...
After Break and Retest of this Horizontal Level, I will open Sell Entry. After beautiful pullback on Bitcoin, I expect a push to the downside and make a re-low of the price. After that, we will be looking for buys.
My chart had this macro trendline for almost 2 years now and we are slowly getting there. I think we might retest this previous support from a few years back. At the same time if BTC becomes in the following months a safe haven, and it gets more adoption as hyperinflation occurs worldwide and the current economic system fails. I think it might just retest 4000$....
Formation of bullish Gartley: This time on very short term 2 hour based chart the price action of leading cryptocurrency Bitcoin is forming bullish harmonic Gartley pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: $7276.7 to...
Please support this idea with LIKE if you find it useful. Price formed a Symmetrical Triangle. - In case there is a confirmed breakout of the lower boundary of the formation, also the Ichi Cloud we can initiate a short position - For bullish case we better receive the confirmed breakout of the horizontal resistance zone and then initiate a long position ...
The Bitcoin has broken out the wedge: In my previous post we have observed that on hourly chart the priceline was moving in a wedge since 20 March 2020 and at that time time the BTC was at the center of the wedge. And I shared my expectations that there were more chances of break out rather to break down. At that time the resistance of the wedge was at $6800 and...