The price has fixed above the mirror support level and is gradually moving up. Also, there is a gap on the top of the CME and it is logical to wait for its closure now. Therefore, growth is most likely in the near future.
Bitcoin price has been on the rise in a parallel channel since the last sharp fall.
As long as Bitcoin doesn't go under this channel, it would not make sense to talk about a bear market.
But there is a problem. Market left the clue of a downward parallel channel. In addition, there is a possible diamond pattern above. If the downward parallel channel is formed,...
Very happy to present the simple idea that caught on my eyes.
This is represented using the simple ARROWs .
The underlying script i have used for this Analysis is "LongBuyLongSell" Indicator.
You can refer this in my script page ,if you wish to take a look at it.
Ok Coming to the Arrows and it is simplicity .wherever the price flatten then moved and down that i...
Dear Friends
Here i came back
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sorry for being away all these days as i was busy with something else
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please stay home and stay safe
ok here im gonna talk about btc and what is the status of EW structure
the photo...
If im correct the fall of bitcoin was again projected by thees few days of regenerating shorts and longs in the same amount ? but than again today it fail the resistance and it become support ?
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 12th .
This is a 30-minute chart created yesterday.
Stay focused on the blue path,
Did not BreakAway from the parallel line support.
It was a sideway finish.
Daily candle...
If you've been paying attention you know what happens next!
Bitcoin (XBTUSD) broke below EMA10... This signal only confirms when the daily candle closes.
Below EMA10 Bitcoin can easily go lower, especially if the trading volume continues to increase.
Today's drop is already high volume with a big red candle.
This candle has a long-wick and the daily close...
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 11th .
This is an analysis from last week.
Without much movement, the sideway was finished.
After that, a strong drop occurred on Sunday.
This part,
Bitcoin Margin listing & It is...
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down.
Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close...
BTC Analysis
DAILY
Still inline with the bullish trend line. The recent huge push down came back to trend before pushing back up again and closing with a juicy wick.
I think there are buyers still around but will they prevail, we need more structure in order to know.
I’m looking for a break and retest of the TL in addition to the 55/200 EMAs to change...
This $BTC chart is old but supports & resistances are the same since 1 years
Adding :
- Yellow Line : diagonal resistance
- Orange Line : diagonal support
Not a Financial Advice
