we will see inverse head and shoulder then the price rising. and in the 1 day chart we have probably hanging man and i think the price will drop to 6300 zone.
BTC is maintaining support outside of its falling wedge. Our scenario is in play. We expect it to bounce off resistances at 6700 and 7050 on its way to 7200. 8400 would be the final potential target for a 50% retracement from the previous high. We are still BEARISH on BTC expecting an eventual target of 4800-5000 so understand the risks if you trade on this...
Hi, guys. I want to show you my idea, since some people are calling for BTC to go up because it has broken a resistance. The idea of going up because a resistance has been broken only seems to work properly in an uptrend, because when there’s a crash like this one, every resistance broken doesn’t necessarily mean it goes up indefinitely. I’ve seen these fractals...
Since the "unfilled pattern" (ellipse shape on the chart) the price changed its sequence and rose higher than the 6,446.20 1H Resistance. Still as you see it made a Lower High Rejection on the 1D Channel Down. 1H has already made a near 6,400 test (RSI = 38.785, Highs/Lows = -23.0500, B/BP = -69.0539) with MACD = -21.200 indicating that the SMA200 = 6,266.1 is its...
Hello ! Everything Explained in Video !! Yesterday i told you guys to watch for those "TO THE MOON BUY NOW- Technical Analysis" since many popped lately. I hope that i have helped some people stay cool since we dropped 250points since than, its really important to stay cool at all times no matter if you making or loosing money because you will make bad...
i think we have at least an price inverse and it will follow red line . so u should see my next chart.
Yes, I have posted a few alternative viewpoints today, however this is another possible scenario... is it actually a rising wedge or a massive inverse head and shoulders? Bull or Bear - You be the judge!
So earlier I was short, however if this smaller inverse head and shoulders pattern forms like the previous, then it will send us higher so I also have a long view on this - potentially to around 7400ish
Educational. R/R in my favor already in...
As I see we hit the bottom and moving up steadily from now on. We broke many support lines, they turned into resistance lines now. Still bullish on bitcoin regarding news and the momentum. This analysis can also be applied to the BTCUSDT trading pairs, as they move according to BTCUSD. I am long
According to Elliott Waves it is possible soon. Lets see what will happen..
BTC has now formed an ascending wedge. I think a retracement to the down side is likely given the recent moves up and the ascending wedge pattern. We should re-test the black dashed trend line we broke out of as support. I am short from 6620 to around 6350-6400. Stop Loss 6740 moving down as you see fit. In addition think the black dotted trend line might...
Welcome back to another Bitcoin Analysis! If you followed our drawings from last week, you should of bought at 6,6k and sold at 6,9k before the unexpected big drop. Also, following that drop when BTC broke 6,2k, you should of put a short position and take some profits between 5,8k and 5,9k. Overall, we had a decent 6% profits in 8 days. Now that Bitcoin broke...
As much as I love it when BTC moves up, it can be easy to FOMO in after a few days of green. I'm still going short on BTC and adding to my position. Bull Scenario - Bulls push to $6.8k and if they clear that then $7k. - The catalyst for Bitcoin to truly reverse the trend will be the ETF Bear Scenario - Patience wins out every time as we can see a bear flag...
Not an advice, Just my own observation. I think this is a bear wedge which will initiate a 1 wave out of a 5 waves sequence downwards. But hey, anything is possible and this is again not an advice.