A correction to around 8100 for now cause the first high retraced more than 78% and it can be expected for the second high to retrace less than 78%. Then a gradual move to around 8500 followed by a correction to around 8100 again. if it were to continue to the downside and create lower lows, 7200 is back on the table. I believe we are about to encounter Wave B...
looking into the weekly PA there should be resistance between 9100-9600. In EW this would complete wave 1. after that we start a ABC correction that could go as low as 5700 this is a wave 2. after that i say welcome Bull. And that Bull will bounce like a crazy MF towards 20K. why? cause wave 3 is the longest and the biggest
At the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level...
Here is my alternative EW take on BTCUSD If we made this large ass Ending Diagonal for wave 5 of the C wave (which i earlier assumed ended the first time we reaced 5800$. In this case, We are already into the 3rd wave of the first wave up (of the first wave up)
As you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily...
As you see here we see a bull flag which has 70% probability of breaking upwards and in support we have bullish MacD cross as well the target for that can be seen accordingly. This is probable in a short term scenario but if we manage to close 'weekly candle body' above 6700 then we might not be able to see $BTC go back to previous levels. I'll also be posting a...
BTCUSDT - Binance Most likely the peak will breakout to around 5220-5200. The Fibonacci level from Breakout Point II to Peak C (0.236) with Fibonacci level from Breakout Point I to Peak C (0.618) at 5200. So it confirms the probable foot of the Peak C will be around 5200. Further testing the Breakout Points with Peaks A and B, I observed a pattern/series with...
Weekly chart for BTC/LONGS. Momentum on longs is rising same as price of BTC is. That means more and more people are interested in longing BTC and that is one more evidence that BTC price has bottom and I expect rise of the price in the following weeks.
$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed. As well there is a clear inverse head & shoulders formation. However keep in mind that we are still in the bear market until all major resistance lines and levels are broken. $BTC is approaching almost 1 year long descending resistance line that it will have to break in...
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Analysis of BTC/USD We see printed a huge green candle, breaking past the 200MA. This is a strong indicator of a bullish trend forming. Two bull flags clearly printed, before stepping above the 200MA. It remains to be seen if it can find support at this range and consolidate above this 4000 level. MACD bullish divergence is also indicative of a reversal....
BTCUSD 4H forming a nice breakout set up. BTCUSD has formed a 123 formation and another internal 123 formation that needs to finish its current triangle before breaking out. If the triangle fail to break out, BTCUSD has two support levels at 6300 and 6180. Those two support level will have a new opportunity to continue the major 123 bottom formation. No set up is...
BTCUSD Possible bullish Trend to 11200: 1) First, BTCUSD needs to aggressively break 7220 and test 8400-8500 Zone. 2) It will most likely get reject back down to 7222-7500, where it could find strong support. 3) With enough volume and momentum, BTCUSD could PUMP back up to 11200, which would lead alts to have some rooms to breath (massive gains for alts, from...
I dont believe we are in a bear market, zooming out at the long term trend we are still in a bull market, are we to call every dip or consolidation a bear market.. NO! I believe its a continuation of a bull market, we haven't seen a bear market in bitcoin yet, this is what I see in the long term chart, looking at the daily, weekly and monthly charts long term
BTC 2018-2019-2020 The biggest CHART ever seen! explained in the easiest and easiest way for new aspiring traders, a tip, learn from people who have results, you do not have to be the richest trader to have the best results, as long as you guide yourself from someone who really knows what it does! this will be legendary, like me! Hahaha