Hello Bitcoiners, If you're still holding BTC, stay strong, we may have a recovery phase soon before breaking out. Key points - Fibonacci Extension level was tested twice and buyers came in, possible signs of bottom. - Next Fibonacci Extension level is acting as resistance now, once we cross ~46K, short sellers will probably not take chances to be greedy. -...
Hello, Traders! At the moment, the market has the strongest correction movement during the current Bitcoin rally. The asset lost 35% from its maximum and 29% from the local peak. The market is under constant selling pressure, which is restrained by the liquidity buffer of buyers in the range of $41600-$44200. The RSI indicator value on the daily timeframe...
Bitcoin and the whole market has seen a pretty major dip recently and now we're looking at a potential close underneath of our 0.2 FIB Level! If we do see a close below here BTC might drag itself and the market down further. Something to definitely watch is the RSI, This is very very important, If we don't see a recovery above the 50. point and drag down further...
Hello, Traders! The buyers failed to break through the resistance level at $63700 and active sellers entered the market. In the range of $57600 - $59600, the price met a strong seller's reaction, after which the buyers made an attempt to stop the selling and continue the upward movement. The buyers' efforts were not enough and the sellers began to dominate...
Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction. Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is...
According to my previous Analyses I expect that bitcoin sees 68K and this is happening, but what's next? let's see in picture! Bitcoin in near end of last Leading Elliot wave, I expect a huge drop from that point. Comment your opinions and views here, Thanks.
Good afternoon colleagues! After the recent aggressive fall in the price of BTC , buyers still found the strength to counterattack. The price in the BTC market is slowly reaching the first critical point of $52000-52300 . We wrote about this point in our global idea on Sunday : Buyers are unsure and very careful to buy BTC , fearing sharp resistance from...
Hello, Traders! The global financial markets have been in correction since 21 February. This is common in any market, including bull markets. Buyers were able to stop the sell-off in the buying liquidity buffer between $44200 and $47200. The initiative has gone back to the buyers. The news environment is also heating up, with reports of large BTC...
Yesterday in the BTC market made all cryptocurrency investors nervous. The sellers managed to break the range of $30700-31300 and test the mark of $29150. During this fall, other coins followed bitcoin. However, this fall has shown which coins are really interested in investors and which are willing to keep. For example, AAVE or CRV quickly lost lost...
From January 22, the price on the BTC market is in consolidation. During this time, sellers have shown interest in the range of $33,400-34,000. The first time buyers in increased volumes attacked this range. The second attempt of sellers to break the range of $33400-34000 occurs at low volumes. For now , the attempt to raise the price of BTC looks...
The week of trading on the BTC market did not end with a confident victory for buyers. The price of BTC updated the local low of the previous weekly candle. Trading volumes during the sellers' attacks were quite high and it is safe to say that the correction of the BTC price ended in our opinion early. Yes, sellers failed to break through the $30700-31300...
Note key zone where price is sitting, right under the 18 and 8 EMA cross, which if price does not advance above, we could see price move more to the downside. Could we get more downward momentum to the 61.8% fib level before BTC retests the top? Studying price action; for now staying neutral. Overall trend is bullish and price consolidating within a corrective phase.
Hello, Traders! After the pressure from the Sellers, BTC went under the uptrend and tested the lower boundary of Buyers' liquidity buffer - the level of 30820$. At the moment the buyers are stopping the sales in the range of $30820-33600. We can consider entering the position and purchase BTC in the range between $32000-32500 It is reasonable to place SL near...
The local wave of fall in the BTC market , which began on January 14, is coming to an end. For the third time, sellers are trying to push the price at least to the liquid range of $32000-33000 , but to no avail. If the beginning of the fall in the price of BTC looked quite active (from 15 to 17 January), the new attempt of sellers from 19 January shows the...
Still bullish or Bearish? there are two possible continuation , if BTC will go to the below EMA 200 period And close there there is high possibility to bearish continuation . if EMA will reject the price strongly and start to moving up and break the Dynamic bearish trend line as you see in the chart it will retest the 40K Again. what do you think Bearish or Bullish?
The weekly candle in the $BTC market closed at $35828, forming the "hanging man" pattern, or the Hang Man, which we wrote about in our Bitcoin weekend digest . Sellers managed to keep the key level of $39,000 and the local level of $36,500. Trading volumes were the highest during the entire growth wave since September 2020. The appearance of a weekly candle,...
Time flies by at the speed of light... You understand that another week has passed when a reminder comes that it's time to write a weekly digest: Bitcoin Weekend №6. For us personally, the current week has turned out to be good, as forecasts and, accordingly, trades have been successfully worked out. The end of last week and the beginning of the current one...
No Analysis, just observation. 17% Bounce after 27% Decline. No the damage has not been fixed, but a bounce of this sort does mean enough hodlers have not sold and there have been buyers along the decline. Time will tell on this one...The million dollar question remains, is that it for the correction, or is this latest bounce just a correction of the correction.