Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss...
In these few days, Bitcoin managed to move from its 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 to the top of the descending channel and the 🔴 resistance zone ($ 28,000-$ 27,660) 🔴. In this increase in Bitcoin, we can see the Regular Divergence(RD-) between volume and price, as well as the Hidden Divergence(HD-) between price and oscillator. I expect Bitcoin...
Bitcoin started to grow again as I expected; the structure of impulse waves of Bitcoin is such that wave 3 is extended, and wave 5 finished in the resistance zone. I tried to show the road map of BTC in a 15-minute time frame. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to...
Bitcoin seems to have broken the heavy support zone, but to continue the downward trend, it is likely to create a pullback to the middle line of the descending channel and the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢. Also, we can see Regular Divergence(RD+) between two consecutive valleys. I expect Bitcoin to go up to the middle line of the descending...
Bitcoin is moving in ascending channel for a few hours⏰. Also, Bitcoin created the 🦇 Bearish Bat Harmonic Pattern 🦇 near the 🔴resistance zone($ 27,350-$ 27,260)🔴; the confirmation sign of the D point of the pattern can be the creation of the Shooting Star candlestick pattern above the ascending channel and near the resistance zone. I expect Bitcoin to...
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A couple of weeks ago I made an analysis on BTC and the presumed Elliot Waves pattern it was trading in. I wrote that it was possible that ~31k was the 3rd wave top because it aligned well with an overbought RSI. Looking back, the previous analysis caught the top quite well. Like mentioned it all my previous Elliot Waves analyses, I see it likely that we're...
Hello, everyone! Yesterday I told you that CRYPTOCAP:BTC is going to drop and we saw the impulsive dump. But I have the question: where is dump continuation? Why Bitcoin is pumping again? Is it another one bull trap or my main scenario is gonna be invalidated because this dumps and pumps do not look like the impulsive wave to the downside. Today I have even...
Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with setting targets for the near future that we can take into account: T1 = 25401$ T2 = 25579$ T3 = 25806$ and T4 = 26469$ Now let's move on to the stop loss in case of further market declines: SL1 =...
Persistent selling pressure in the market drove the price of Bitcoin to a significant support level around $25,000. However, it is worth noting, as previously mentioned in the reviews, that the more crucial support and reactive range for Bitcoin lies between $24,600 and $24,380. Should this support demonstrate a positive response, we may witness a decline in...
It is apparent that the price has exhibited signs of weakness and has ultimately breached the support zone. Should we witness a daily candle close below the support zone, it is highly probable that a downward movement towards the lower end of the descending channel will occur. Moreover, if the price breaks below the descending channel, a descent to the level of...
We're @ an important junction for #BTC. MAJOR SUPPORT is all over the current area. The following charts show how CRYPTOCAP:BTC has reacted historically in the area. 2022 many tries but didn't break out Eventually in 2023, after a few tries, it would break out. It then acted as support in March & currently. Going further back: Dec 2020 was the only instance...
The fact we are so close the Big Fib time date end of June 2023 and I still can't confirm which way this is going to swing is frustrating. Last year it was so clear coming up to the fib date , this year price could swing either way. For me there is two ways this is going to play out next 30-45days 1. We Flash crash down to retest the cycle low at 15k every...
Hi Traders, Investors and Speculators of Charts 📈📉 Did you miss the 2023 June 13/14 FOMC meeting? No worries, CryptoChecks' got you covered. Here's a summary of what happened and how the outcome of this meeting may affect the respective markets. First, let's clearly understand the FOMC meeting and it's importance to investors. The Federal Reserve, also known...
The parallel channel trend line of Bitcoin and Ethereum perpetual contracts, after breaking through the yellow channel, the target is the upper green trend line.
overall crypto market might fall between april to june the 2nd quarter of year 2023. Monthly candle shows the reversal signal and weekly candle is very much in bear mode. I was expecting for 12k falling but NOW!! I see the biggest crash. MACD is showing rapid selling also. Altcoins will be domino indeed.
As of yesterday, Bitcoin has fallen through the most important support/resistance level of 2023. This area was a massive resistance during both the late bear market of 2022 and the Q1 bull market of 2023. In my view, it's more likely than not that the 2023 top is in and that we're going to see more bearish pressure for the remainder of 2023. Not sure yet if we're...
BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards. Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It...