Hello everyone, this is our renko view on btcusdt, enjoy!
How to read:
I don't think those bricks want to lie as they say it clear: no stops during the rally, no rally. The bearish scenario is playing out perfectly in here, so now price will be rejected by fib 2.618 (9150, DONE). Now is forming a red brick, which may state both a sell opp at 9.5k-10k to come or...
At this time, I can see that BTC have 2 possibilities can happen :
1. Following Red Arrow
If 9600$-9650$ is strong enough, BTC will go up to 11000$ til Oct 3rd
2. Following Pink Arrows
If 9600$ can't stop this dump, BTC will meet 9050$-9100$ in just today or tomorrow and it will bounce back slowly to 10000$ to find an opportunity to come back 10600$, but if fails...
I think that BTC will soon fall out of this Bearish Flag pattern and the dip would be around 9200-9700$, this area is quite wide and need more data to determine the exact price range.
Expected to bottom around July 15
Important BTC prices are : 11200$, 107200$, 9725$ and 9200$
But of course, we always need the backup plan : If BTC bounces back and get overe...
If you have USDT, you can buy BTC at 2 zones (In this period, all my buyzones are ranges, not exact points)
Zone 1 : 9700-1000$
Zone 2 : 8800-9000$
This is a buy call, not a sell call, so don't misunderstand
BTC has not been able to exit the channel as shown in the figure. There are many signs that BTC will reverse to go down at 9400$ zone and this is quite reasonable when a lot of Altcoins has entered the strong support price that noone wants to sell off anymore.
The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of...
BTC USD Technical Analysis Bitcoin Analysis
The benefits of bitcoin technical analysis are plentiful. Perhaps one of the biggest benefits of timely technical analysis is the fact that it helps investors, as well as traders, predict the market trend.
Currently, BTC trend is quite complicated. And we have correctly guessed the first 2 arrows of the previous BTC analysis.
However, at the 2nd arrow, I have not seen the possibility that BTC will be completed. And it is likely that BTC will come back and re-test 7500$ once again before rising back to 7900$
Expected date : June 13
This analysis completely coincides...
BTC is still in an uptrend because the support for the main uptrend is 6500$. Our job is to quickly increase the amount of BTC before BTC performs bullrun.
As shown in the figure are possible possibilities for BTC
At first, BTC will continue to increase again to 8400$ because of fluctuations in the bullish flag, this is the best time for Altcoins and I hope that...
#BTC/USDT (25 May)
Our last BTC signal failed and now BTC has returened to bullish.
Target of BTC is 8275$ and 8600$. Current price is 8017$ and I believe that BTC will not be able to increase strongly from here but will return to re-test the 7800-7850$ support zone
This is a reasonable adjustment of BTC to help Altcoins recover after a strong decline today
BTC looks week now. I think it will be difficult for BTC to increase to 8275$ from this position. So, be prepared to use the rest half of your backup balance at stable coins as our strategy to buy BTC at 6900$ zone
Looks like BTC doesn't want to drop. There's no reverse sign can be found, and if BTC keeps going up like this, we will see it at 77xx $ zone and target is the blue line.
You can use the Left Fibo Ext to measure the peaks and use the Right one to measure the correction points
Of course, if BTC goes back and break 5900$, this up-trend will be broken.