Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED...
Bitcoin extended a bit more in 5th wave of wave (a) in blue since my last update. Despite this, overall trade idea remains same as before i.e. to short the blue wave (c). Alternatively, but less likely, blue wave (c) could also be force counted as completed. So trade with caution and managed risk.
📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by...
BTCUSD, Are we going to face 35% Correction ?! (Local View) Let's take a look at local movements on INDEX:BTCUSD . Since last post Bitcoin moved in our favor, reached 38,500$. We have a strong bounce here, which is heading towards upper 40s as long as daily close was above big red candle. There is a probability, that Bitcoin is going to draw lower high which...
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,...
I see lot of bullish tweet. Lot of leverage longs at top. Lot of big influencers calling for new highs. I have seen this FOMO, this euphoria, this sentiment almost 3 years ago. I remember it. And now i see the same pattern. It's not perfect. But it's pretty the same. When BTC will start to drop? 14-15 Feb. When it will bottom? Mid April. When you seen it? Here....
CRYPTOCAP:BTC Bitcoin's price action has remained in this rising channel since around 26000. Current price: 48100 If price continues to respect this channel expect to find previous resistances: 50600, 53500, 55200 #bitcoin is also spotting a double top with a bearish divergence on the daily timeframe oscillator. if price cannot rise past current resistances...
bearish move soon in btc btc fal upto 40000-38000 in next 2-3 weeks book ur profits on long and take short side trade heavely china dragon year end pump and dump 48000 strong resistence for btc Open Interest clear show neagative data heavy call writing
Hello everyone, I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious... For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment.. So, If we go from 5Day to 4h timeframe, its clearly to see that we are...
BINANCE:BTCUSDT.P Local targets for Bitcoin in February 2024 Possible Targets and explanation idea ➡️12H timeframe Fib is relevant. After bounce from 27 zone we can see drop to 40300 ➡️40300 is a key level what we need to hold forming H&S pattern on 4H ➡️Target for this pattern will be over 46-48k and liquidations over 5 billion ➡️Above we will test...
Bitcoin is correcting. It is as simple as that. Here is my input on things: What is on the chart? (Follow the steps) 1) Price rallied back in October 2023, breaking the high of the 13th of July 2023. Throughout this breakout a large untouched daily FVG was formed. 2) Following the rally, price slowed down and created an accumulation structure which plays a huge...
Based on my latest analysis using the Ichimoku system, I highlighted the levels that #BTC left behind without touching them. As a typical correction after forming a valid high, and seeing a red komu, BTC will see a correction up to 0.618 of the previous downtrend wave, and probably a hunt, and then continue its own way to $35k or finally hunting FWB:27K -$30k
Whales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨...
4 hour chart: I am observing the complete nucleation of a downside oof through liquidity withdrawal, rebalancing into FVG zones and internal liquidity withdrawal! POIs from which to consider continuing shorts on bitokin: 1. From current (High risk but technical factors are all respected, there is rebalancing into 0.5 moves and daily imbalance with ind...
Bitcoin will back to 12k price area! Spot TO Future > DUMP Future TO ETF > DUMP
8 Step Analysis: 1) Price broke out of its bullish continuation structure and pursued its rally onwards. 2) A range was formed following the breakout which accentuated the anticipation of the Bitcoin Spot ETF approval by the SEC. 3) This anticipation was shown by leveraged longs that increased open interest through the roof obviously giving a lot of...
Hi dear traders, As we said in our last analysis on BTC, There is a need to correction for Bitcoin and this price falling is natural. Everything is explained in the video, See my previous analysis on the BTC too, It helps you to understand current market situation. Be free to ask your questions in the comments, Best regards, Zargar.
Hi friends, are you shorting? Is it the right time or do we need to wait, the weekly looks good, the trend is strong, anyway the MFI is still low, the RSI MA is also low, isn't it more necessary to wait for a retest around 47500-48000? Let us know your thoughts on when is the best time to short