- I said I would take a short position if B rebounds near 31,000. - Currently, B has rebounded more than expected due to the expansion flat, and now only a drop towards Z remains. - There is a possibility that Z could drop to 28,850, which is 161.8% of the length of W. My perspective remains the same.
Bitcoin Printed An 8H Reversal Pattern Yesterday And Daily reversal pattern Today.The signs are there for a huge reversal. Is it Real or Jebait ? Thanks for watching
-The final Z-wave could be near 28855, which is 161.8% of the length of the W-wave. -The current decline could occur as quickly as today or take up to 5 days to unfold. -Taking into account the possibility of a B rebound up to around 31k, one could consider holding back and potentially shorting near that level.
- There is a high probability that 'c' will decline around 31420, which is the same length as 'a' in a 1:1 ratio. - I will take a short position near 31420.
In my opinion, in the four-hour time frame, our trend will be downward until the specified areas. And then we will have an upward cycle again.
Hi! We have some important signs for the dollar index that don't bode well for the crypto market! This is the 1 WEEK CHART. This is a high degree of reliability. In fact, what we saw on last week's hourly chart has already developed into a persistent reversal. 1: Ishimoku. The green Kumo cloud has halted Bitcoin's fall. In fact its lower boundary Senkou B has...
1. B has surpassed 61.8% and subsequently experienced a decline, indicating the formation of a flat pattern. 2. There is a high probability that C will fall to the length of 1:1 (29500) or 1:1.382 (28900) relative to the length of A.
So far so good BTC seems to be following this Pitchfork formation. I have a price target of 33,600 this week or next. Look at how well support help on the bottom green channel today. COINBASE:BTCUSD
1. Currently, the completion of a three-wave pattern is evident, and it appears that the correction of the fourth wave is underway. 2. In the ABC correction, the C wave is in progress, and it is anticipated that the final downward wave will begin around 30760. 3. Short position near the 61.8% correction zone around 30760. 4. Long position in the 1:1.13...
After BTC Hit 30.2 it found the support and bounced back to 31K and its trying to hold it.We could see a Violent wick to high 31K ( around 31.8) or 32K. Also a possible relong could be around ~30600 Thanks for watching
In my previous post, I made it clear that Bitcoin had entered a downtrend, with an approximate target of $5K based on the data I analyzed within a 91-day timeframe. In this second part, we can observe the continuation of the downtrend, as evidenced by significant price breaks below a strong support level indicated by the grey box on a 34-day timeframe chart. For...
WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF. The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing. WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional...
I mentioned that if the downward channel is broken and there is an upward movement at this timing, it will likely rise significantly. You can check my previous post for more information. As the third extension of the third wave is currently underway, it is expected to demonstrate the highest level of increase. We anticipate a length of 161.8% (33780) or 261.8%...
Today I want to talk about an exciting news related to Bitcoin (BTC). Bitcoin's dominance in the cryptocurrency market has surpassed 50%! This means that the majority of investors are putting their money into BTC. Bitcoin is the first and most popular cryptocurrency asset, and its growing dominance signifies that more and more people recognize its potential....
- Currently, 4th and 6th exhibit similar situations. -If 27050 is strongly breached, there is a high potential for significant upward movement. -Taking a short position at 26950 and preparing to cut losses when it is breached can be a good strategy.
Bitcoin Life Cycle Part 1 Technical Analysis of the 91-Day Key Time Frame: Trend: Bitcoin is in an uptrend. 1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a...
- I emphasized the importance of this support line. - Furthermore, I mentioned that the probability of a significant decline is high, given that this support line was broken a few days ago. -Please refer to my previous post.
- I have been saying that the support of trend lines corresponding to numbers 1 to 5 would be strong, so this is a good entry point to take a long position. However, I want to warn you not to trust it too much because this support line will likely be broken in the future. - Scenarios like numbers 1, 2, and 4, where the trend line is precisely supported and...