The price has hit the daily support. I think this daily support will hold the price and stop it from moving downward for now. This creates a favorable condition for a long trade as the price is likely to bounce from this support. The price migh go deep further into this support zone so I will slowly build the position as the price moves into this zone. There are...
✅₿itcoin started to grow as I expected in the previous post on the 1-hour time frame. 🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($27,600-$27,300) 🔴, Resistance lines , 🟡 Price Reversal Zones(PRZ) 🟡,🔵 100_EMA(Daily) 🔵 and Downtrend line . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing the last wave of the Double Three...
seems like hot has already bottomed out and getting ready for massive really in midterm formed falling wedge in weekly timeframe and approaching towards multi year trendline expecting breakout soon incase of successful breakout expecting 3 to 45x bullish wave in midterm
👋 Hi everyone. 🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚 Educational aspect 📚. 🏃♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣 Yearly Pivot Point($26,737) 🟣, Support lines and 🔵 50_SMA(Daily) 🔵. 🌊According to the theory of Elliott...
A bearish retest for #btcusd , nothing to say more. Not financial advice.
In the early days Bitcoin (BTCUSD) charts were very often about its parabolic rallies not just on a large Cycle scale but also shorter term. That's because its been having a Logarithmic Growth since its inception. Lately though it appears that most have forgotten all about this. Let's refresh our memory on that logarithmic truly means for Bitcoin. On this 1W...
✅BITCOIN broke out of The wedge which makes Me bearish biased and I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In my opinion, Bitcoin will move towards 100k after the 2024 halving, this view is derived from my belief in the crypto market, and I apologize if it is not compatible with your logic.
BTC has done a ABCD pattern breakout where now the price created a clean bearish pennant which can cause huge bearish impact with a possible bearish breakout on the pennant formed. Here we expect the price of BTC to fall down towards the highlighted supported which is held close to $26k Next.
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it declined until to 26400 support level, which coincided with the buyer zone. In a short time price broke this level, exited from the channel, and entered to upward pennant, which...
Btc has been trading sideways for MONTHS and once again appears to have created a new trading range below our upper price range. 28k area was the low of our upper price range and as price trended up from its 25k area bounce it has put in a pretty clear rejection in the 28k area. At least for now... Given the long running sideways market, clear rejection,...
BAKEBTC has recently demonstrated strong support within the 61.8% Fibonacci level, affirming the significance of the demand zone. This was further reinforced by the price breaking above the downtrend trendline, confirming the presence of an ongoing uptrend. Consequently, the likelihood of a continued price ascent is notably high, with BAKE potentially targeting...
Bitcoin has chosen the scenario that I outlined in my previous analysis. The evaluation was based on the 28.5K resistance area that has yet to be compromised. IF momentum stays intact over the coming week, a test of the 25K support area is within reason. On that note, there are two inside candles in place with an established low of 26,500. A break of this low...
BTCUSD: Short- TF: DAILY - Style: swing Entry Price: 27549.21 - Stop Loss: 28693.24 - Take Profit: 24566.56 Good Luck!
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday. Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed. BTC has since slipped, and is currently trading at...
#BTC here is the true 5 waves, 3 looks shorter because its on log, to fit on screen (put it on linear for yourself), when in reality 3 is much larger than 1 ... wave 3 is often the longest but NEVER the shortest.. This will end up being a wave 2 correction in the macro IMO
The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure)....
The price of Loom Network is $0.10 today with a 24hour trading volume of 2 million dollar. This represents a 55% price increase in the last 24 hours and a 145% price increase in the past 7 days. With a circulating supply of 830 Million LOOM, Loom Network is valued at a market cap of 90 million dollar. Loom Network is a platform as a service that is built on top...