BITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN
BUY/LONG ZONE (GREEN): $71000 - $83000
DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000
DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500
SELL/SHORT ZONE (RED): $52000 - $63000
Weekly: Bullish
Daily: Bullish
4H: DNT
The DNT zones are separated into two and can also be used to create...
This chart tried to reflect the uncanny similarities between Bitcoin's previous cycles and will try to use that information to "predict" next market cycle top in terms of price and time.
The price is derived using Log FIB extension 1.618 and is the minimum Bitcoin has to hit.
Although Bitcoin has gone way above this extension in the past, I am going to keep...
BTCUSD is retracing higher possibly towards 44300 area. From this it is expected that it will resuming lower with eventual target of around 32000 area.
BITCOIN might be heading towards 31000. First stop is 40000 area before moving towards 38000 area. Wait and see price action at 38000 area. The bias is most probably bearish and might be price move toward 32000.
Bitcoin is currently forming a FLAG & POLE pattern.
Wait till it breaks the descending trendline and retest plus bounce from it.
Max target would be 50000.
Be careful of liquidation candle
The Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar...
while btc consolidating in a big area. we are starting at the low of the consolidation on monday which could mean another retest at the highs.if we lose certain leves we could see a drop to 33K
BTC hit the high of 39.8 but did not hit 40K.was that the last liquidity grab ? or it was a break through ?
This Move is similar to the starting move of this whole rally which I explained in the video
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Bitcoin has reached our 38.4 target then went back down. with BTC CME reaching to 39K and having a gap we could see BTC goes around 38.2 for another retest and then collapsing to the downside.
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BTC hit 38.4 over CME chart that I shown.we could see bitcoin itself follows the CME shoes for a higher liquidity grab at 38.8 or even low 39K.
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Bitcoin Hit Our target from yesterday to the teeth.it could come back up to grap the late shorters and higher liquidity or it could go low.untill losing 36K there will be possibility of an short squeez again.
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Bitcoin hit our target from our last video on a short squeez then came back down to retest the resistance of our descending broadening wedge as a support.With this successful retest we could see another retest at the highs
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BTC hit our 4H target (double bottom) now its consolidating around 35.4. we could see another retest at the lows the go higher around 38K or just push it from here.
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BTC yesteday hit our fib level where we mentioned (0.618) and now its slowly pulling back up for more consolidation.possible retest points explained.
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Bitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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There is currently a head and shoulders pattern on the Bitcoin hourly chart. This could possibly indicate a move to the downside soon, breaking the wedge that Bitcoin is currently in.
Support would be around $31,500.
Support on the Daily
