- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully! - If you check the RSI...
People are asking why we are targeting 9735. Let me explain to get you a better view. 1. The red lines which behave as resistance, resistance and then converted to support and that's where BTC always find its bottom which also accommodated by weekly moving average 200-300 2. The same thing is in progress here resistance, resistance and now BTC converting the same...
Weekend, was originally a boring chicken rib moment, but bitcoin did not follow the normal this time, since Saturday, from the Binance perpetual contract added position, has felt that there is a big thing to happen.Over the past few trading days, although the market has been bullish, many people think this is the bottom.But technically, we don't see the long...
Hi folks :) Price has 2 gap above the head #1 gap: 27365-28860 #2 gap: 34455-35775 as we know on high timeframes, they are get filled in the past, in most of the time. I think in the future week's or month's price can touch those levels to fill the gap's.
There's been some significant price action since my last BTC update. As I expected, the market appears to be finding near term support near the December 1st 2020 high, just above 20k. I would expect a near term bounce to find selling pressure above 24k. If the 20300 support level breaks, There is little market structure to lean on to the downside until...
in 20.000 we have powerful support comes from weekly chart near 20.000 when PINBAR comes in 1hour,4hour,daily chart , dont fear pick buy and hold it 20-30 day to new high with SL in last low personal i belive after bitcoin touch 20.000-18000 will start +up trend to 40.000 if you have sell , close it near 20.009 then wait pinbar for buy if you have old...
Okay..well done.1.! We all got your point...! Now get your a*s back up..!!!!
Hello cryptofolks Market sentiment is the worst one ever in all time bitcoin history Elon Musk, Michael Saylor, El Salvador dictator, Gray scale and so,,, are they gonna hold their bag in loss or they will dump more this market? All exchanges will be illiquid, usdt peg will depeg and bitcoin can flash crash even more So let's hope the CME gap $10k helds, if not...
With the recent developments in BTCUSD, we do not need to change our bearish bias. Therefore, our price target stays at 25 000 USD. Negative fundamental factors Among the fundamental negative factors weighing on the higher price of Bitcoin is the prospect of the FED pursuing more rate hikes in the U.S. and its reduction of the balance sheet. We expect these...
#BTC/USD (Update) Bitcoin is Forming Descending Broadening Wedge Pattern.. Bitcoin has been Consolidation Between 28-32k Range from last 30 Days. For Bullish Momentum, Bitcoin Bulls need to Reclaim the 32k Resistance. If Bulls lost the 28k Support, Bitcoin Might Revisit the 24k Support Area. (Another Lower Low) In BITCOIN CME Chart, There is a...
Hello cryptofolks Still looking for finding a bottom The green line is 7 years trend line If it breaks down then we can expect to revisit the $10k level Take care -Goodluck
#BTC CME 1st 8h UCTS buy flashing up since April Open gap at ~35k
CME Gaps occur when the Chicago Merchantile Exchange closes but the BTC price continues to move (Crypto Never Sleeps). These gaps which you can see on the ticker BTC1! have a well over 90% Fill rate. The past 2 Weekend gaps were filled on that Monday after each weekend. It also coincides with the bottom of the current range... Invalidation of this would be...
The recent strong downtrend as produces a small gap on the CME at 35.3k. Price has reached range support and the technicals are pulling out of oversold. The possibility of a relief rally to close the gap is there. 39.6k is a point of confluent resistances and can be a final target. The price might falter at any time and head to close the big gap at 23.8k.
Bitcoin has been forming a nice balance area for the past several days. Sideways consolidation after a trend is a stronger indication for that trend to continue than a pullback is. Sideways trading after a strong down trend should be viewed as a pullback that's unable to actually pull back. This is happening because new sellers are entering the market as fast as...
Hello cryptofolks Market is full of FUD is hard to determinant wich direction will take The sure thing is any pump over $30k can be a bull trap Bears have full control, any support can turns into a new resistance Be careful -Goodluck
Apparently BTC price reached an important upward trend line, what's next???!!!
🤗😉 What sup GUYS!? 🤘✌️ - in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and 'TOTAL market cap' and 'TETHER Dominance' and the possible scenarios -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do...