BINANCE:BTCUSDZ2023 BTC long trade- Trendline support Positive market condition 34k is a PSY Level and Trendline support.
The roller-coaster ride of the crypto market never fails to pique the curiosity of traders and enthusiasts alike. As Bitcoin, the luminary of cryptocurrencies, continues to chart its course, the prospect of a bullish market in 2024 has sparked widespread anticipation. This article delves deep into the fascinating world of Bitcoin's halving event and its...
BITCOIN was trading along The rising support line But then broke the support Cluster which is now a resistance And went up to retest it Recently so this week I will Be expecting a move down !
Hello everyone. I want share my idea about bitcoin at 1 month chart. I was looking to bitcoin bullish, but when i saw Fibonacci at 1 month chart the picture is so bad. Everything were going well until Friday, i though bitcoin will have strong movement at 1 week bullish trendline but it broke without any buyers, at 1 month chart what we are looking at is a new...
#Bitcoin Update: In the complex world of financial markets, patterns emerge in the form of "impulse" and "correction" waves. Currently, #Bitcoin is constructing its initial wave, indicating potential upward movement. Our analysis predicts a short-term decline followed by a strong buying opportunity. Our team foresees a strategic entry point for savvy traders. To...
Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time...
Looking at the 3 Month Chart of BTC, it appears as if the 12 year of bullish moves have finally come to an end as per the Elliot 1-5 wave count on a log scale. Can this be a start of a new era of unprecedented correction for BTC? I am looking for opinions of others regarding this or if it has been in the attention of other traders?
Based on Elliott Wave analysis, we clearly can observe that bitcoin has completed a wave 1 bullish impulsive wave and currently it forms a wave 2 correction wave, which can last most probably close to 200% the time of wave 1, which coincides close to the time of the halving. The correction will reach at least reach the 61.8% retrace and most probably the 71.8% to...
Bitcoin chart analysis on weekly timeframe and monthly timeframe
In this video we explain a new item we found in the chart which we call the "Halving High Pressure zone". As we approach the halving date there is ever increasing downwards pressure on the bitcoin price. After the halving, as we move away from the halving date this downwards pressure decreases which results in upwards price movement. Could this be half the answer...
>The daily chart revealed the presence of Demand and Supply zones, as depicted in the image. >I verified my analysis by utilizing the Search Volume Profile for a fixed range, which confirmed that a particular level aligned with my identified supply zone. >Furthermore, I found that this supply zone coincided with the 61% golden ratio zone of the Fibonacci...
Bitcoin is expected to push up high above the $35,000 direction this week or by the end of next week. Although that is not the main target as this is a very volatile market.. watch closely. $65,000 incoming...
Below this idea This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As per my Elliott Wave analysis, we are in the final C impulse wave (ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case. Also, do not forget...
Expect Bitcoin To Reach 34333.2 by June 17th 2023.
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The target is more likely to hit the bottom of the bullish channel after several swings
Last week, although the development of the US dollar and risk appetite was beneficial to Bitcoin, the negative events that occurred within the cryptocurrency market impacted its performance. Technically, Bitcoin has temporarily held onto an important support line since January, and it remains to be seen whether it will rebound or break down this week. ...
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