We have seen a rally since July this year as a 5 wave leg down was completed. This rally should be a 3 wave ABC move of a larger Zig Zag pattern playing out. If its not a 5 wave move then it must be 3 waves, which means we are halfway through the move to the downside of a Zig-Zag pattern 5-3-5 wave correction. We have had a bearish divergence between the RSI and...
it now appears to be trading inside a small descending channel. BTC tends to break out of those, and if this small channel results in a move to the upside, I might enter a small short at around 47,000 dollars.
Is bitcoin still a sell? Who knows with this volatile instrument! All I know is I'm happy to trust my back tested strategy. Entry details are shown on the chart. Working the 2H time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I...
i think like this the retracement price could be more accurate but i got some limitaion if you have agree or disagree with me share it with me pleaase
Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can...
Updating from previous Idea.After reached our first level of profit and moved the stop loss to breakeven for the second position, we can see the price broke continues the strongly uptrend with $55.000 is next pit-stop. Looking the volume indicator,we can see the trend in bullish with strong volume increase. We await the second level of profit target $55.000 Check...
From the chart Bitcoin heading to break 54000 as new resistance level , to continue uptrend BTC should trade above 47000 as support level . Be careful traders .. and good luck .. cheers !! This is for educational analysis not financial advice , and you need to do your own research.
BTC/Bitcoin Perfect Buy Setup is my analysis for long BTC from here. Good Luck thank you for your support
Ethereum price has begun the new month on a high after breaking out of the range that it has been in the previous month. It has hit the resistance level at $3,500 for the first time since mid-May. In the new month, ETH will likely record further gains by moving past the psychological level of $5,000 to retest August’s high. Mostly through August, ETH traded...
After breaking under the ascending trend-line, Bitcoin has had a new attempt to conquer 50k, and failed. Now the main crypto is sitting on 47k support and looks like it could break under. I maintain my bearish outlook for BtcUsd and my target remains in 40k zone Interim support is at 44k and a sustained rise above 50k would change my opinion
Since the rejection from $50,648, buyers kept Bitcoin price above the 100-day SMA near $46,000. On-chain data by Glassnode reveals increased on-chain demand accumulation as investors eye another liftoff above $50,000. Bitcoin has remained lethargic in its trading since last week. The rejection from $50,548 left investors dejected because their expectation was...
Bitcoin is now at a strong resistance area We expect it to move in a downside direction targeting 27225 The second target is 19,660 .
From Monday Aug. 23rd until Monday Aug. 30th, we've been in a "3 Pattern Phase" is what I like to call it. Last week (Mon. Aug. 23rd - Fri. Aug. 27th) we were in a Bearish Consolidation. Open Price was $50,491 & the next day Open Price was $49,414, this is a indicator that we may continue to see Bearish momentum. We did hit a high of $49,875, but EOD we were at...
Bitcoin has had a very good run from under 30k to above 50k However, in the past 2 weeks, the main crypto took a pause and it seems like is carving a top. A least a correction should follow at this point and 40k zone is my target. I'm bearish as long as BtcUsd stays under 50.500
We may see a spike off od this support & retest $50,000 late Monday evening, of sell see a pullback too $48,400 followed by a Consolidation phase rolling into Tuesday.
$50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! Bitcoin Update 21/08/21: Road to $74k is...
Taking a look the 4hr chart we see that the 20 & 50 EMA are touching but not have crossed over yet, which would indicate a bearish move to follow. We're currently in a bearish consolidation heading towards the upper trendline, if we are able to continue this momentum & add more Volume we may be able to break through. This may get us on our way to retest that...
The Definition of "Volatile". Taking a view at things from a far (Daily) it appears we may very well be repeating the same trading pattern as before. We had 4 large jumps in price followed up by slight bullbacks until the last increase was a shallow, followed up by a massive sell-off, leading into this current pattern. What we would like to see is the next move...