BTCUSD has formed a down channel on this hourly chart I expect a recovery to emerge at the strong trend line in white This trend line coincides with prior bottoms and should be a strong recovery point. Roughly at 25K
the only way bitcoin can go up is to break the channel upwards while crossing the averages up. the 50 and 100 period moving averages act as a resistance while 200 period moving average can potentially act as a support in case the price goes down to the lower band of the channel.
According to the high-pressure selling behavior that we observed and according to the previous analysis that we did, in the first step, the first resistance ranges of Bitcoin are the numbers with red lines, which if it cannot be crossed, in the first step, it Two green lines and in the next step, a green box has been marked
Happy Thursday Traders & Investors Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on: Option A: Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different...
Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this...
OH YEAH.... take profit!! BITCOIN just hit my projected target area of 25958-25334 for a $3000 drop from WAVE 4 (28172). BITCOIN just ended sub-millennium WAVE A of X at a very significant pivot point since now BITCOIN will begin a BULLISH sub-millennium WAVE B of X. This will be a VERY BULLISH WAVE B of X since a sub-millennium WAVE is the 3rd largest WAVE in...
The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom. But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve. In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time...
what about that ... i mean what if the 64k was the real top and 17 k was the real bottom !!!.??? sorry guys im not a good speaker but i try to let the chart talk about himself ...:=) i hope my ideas help ... good luck This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this...
Timeframes are closing above Weekly Zone 26,770. Unless during the next 22 hours we see a 1.22% dump below our weekly level , I'm Looking up from here. Price has returned into our range from the second half of May between Daily Zone 27,400$ and 26,747$ Weekly Zone. Price printed a solid Bull candle rejecting our Weekly level which was anticipated. Price...
Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time...
Flipped fractal from the double top, longer term time frames indicators showing that bearish momentum is slowing. If stocks nuke, probably gets invalidated.
Dealing with his own long-term trend line and reacting to it. Appropriate risk and reward
BTC Bulls Investors - " We want a pump back to all time highs to earn money " Institutions/Insiders - 1) " We want pump as well to earn money, but we must wipe out investor accounts and create a reset in price. 2) " We will clear out the bull investor liquidity first. When there is blood in the streets, we may consequently re-stock our inventory of BTC and...
Someone recently asked me if the zones I draw on the chart is an indicator. This speaks to the amount of experience and level of competence that is easy to forget about. My ability to spot key level's and price areas on the chart is not something that is acquired overnight. It's a culmination of trial and error over the years and a loss of a significant amount of...
After Bitcoin hit our bold white line ~28K it consolidate a bit and start to go down (As predicted) . we might have another push up to 27.6 as we have FVG around that level 26.4>27.6>25.1 my tagets for now which could change any time.
- Smells like a Bullish Pennant Pattern. - Easy setup for scalpers. - Everything in graph like always. -------------------------------------------- Trading Plan -------------------------------------------- Buy : $26,500$ ish ( 25% invest ) Rebuy : $25,150 ish ( 75% invest ) TP1 : $37,000 TP2 : $41,000 SL : $24,500...
As shown in the chart, next target is 29k. Read my other ideas to know what I am talking about. Follow me now. Thanks
BTCUSD has closed under key s/r level at $26600. Expected move down to key s/r level at $25200. If this level holds, or deviates below and reclaims then long towards yearly highs. A breakdown of this level means that we can expect a revisit of the yearly open. Currently SHORT BTC from $26600 and not expecting $25200 level to hold due to key macro-economic...