In the 4-hour logarithmic chart, the Dollar index has completed a 'head and shoulders' (Tobo) formation and a horizontal resistance breakout. It is currently retesting. If it closes the week like this, there could be a deepening correction in BTC and Altcoins next week. We will follow up. This is not investment advice.
Here's my Short term Idea about BTC pump in Small TF. entry - 45850 SL - 45710 Target - 46800, 47500
BTC been consolidating here and showed couple of sell signals that could move the price down to 33K or even 32K.Explained the scenarios in details.We could expect some movement over the weekend as well. Thanks for your support <3
Bitcoin Struggeling to move to the upside.if pullback to 28.8 and lose it.that would mark 31.8 as the top and a start of a collapse. thanks for watching
Bitcoin swept both sides then picked it up but its struggeling.Is this the sign that we are going lower ? Thanks for watching
Bitcoin spiked up to 31K yesterday triggering lots of Stop losses and grabbing liquidity,making the way to the upside clear for today.first 32K touch will have a nice rejection in my opinion Thanks for watching
Bitcoin Hit Our Target 31K ( dotted blue line) and formed the regular bearish divergence as we expected.The first signal that the pump *might* be done. Thanks for watching
We have a double bottom pattern on 8-hour chart which is a bullish pattern, Technical target of this pattern is $18,892. Let's see if this plays out.
BTC is moving inside a rising wedge (bearish pattern). Price needs to hold the ascending trendline level, upon breakdown technical target of the pattern is $19,096. Bullish shark is developing which will complete at rising wedge technical target or $18,826. Right now, we are at critical situation due to CZ planning to sell FTX tokens and many people building up...
We have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805. Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to...
This is my analysis for possible bitcoin bottom before next bull run. This will take time as chart is on weekly basis. However it might help you to accumulate your spot buying in BTC
BTC was unable to hold its major support of ascending broadening wedge and broke down. Next possible target is at demand zone of $19,274 whereas final technical target of broadening wedge is $17,737. A bullish shark harmonic is in process of developing which will complete at $18,929. Invalidation of that will be $17950. Avoid futures trading for some days,...
Bullish Gartley harmonic has been identified on a 6 hour chart, Everything else is giving bearish signals except this. Lets see if this one plays out. RR on this is 1.91.
BTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line. Scenario 1 BTC will range between $20300 to $23000 for sometime and then break out towards $25k to $28k possibly making a bear flag and goes down towards...
BTC is in process of developing a bearish 🦋 harmonic, It will complete at $30,824. Invalidation of this will be if price goes below $28K level. We have strong resistance levels at $30,500 and $31,500 so chances of this harmonic playing out upon completion are very high.
BTC is showing hidden bearish divergences on RSI, MOM, OBV, CMF on 8 hourly. If these divergences play out then we are likely going to see price touching sub 40k. For invalidation of this divergences price has to clear $41.5k level.
We see a bearish bat forming on a daily chart and we can take this as future price projection. I suspect that this pattern will surely complete once 0.382 level is reclaimed. To add confluence to this analysis, Weekly oscillators are pretty much flipping bullish. Another confluence is that on 12H chart we see a possible golden cross happening in coming days...
This is outlook on bitcoin. We are still in bull market .