What do you think? Is it the turning point for Bitcoin Price Action or Bitcoin's Flight to the Moon is halfway? Comment down.
Here is what my analysis says:
1. Rising Wedge Pattern on Daily:
Starting from the start July 21, 2021, Bitcoin started formation of rising wedge - First one smaller timeframe (4h):
and then on Daily Timeframe shown in the...
If we don't reach above 53000 in the next few hours and start moving down, we might be moving into a quicker down channel. You might think why am I avoiding a bulge going through it, it is because of the Elon Musk tweet that had happend there, if we ignore it we can see a line continue through it going down. And the downtrend of this will have a target between...
All 3 lines are the same and we can see a certain pattern here, only the middle one was off because of the extra money tesla pumped in causing it to dip from a higher point, but the day of when it went down is the same. I believe at 64000 we will see the next resistance and dip happening and also know which day it will even happen on March 25th will see another...
From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement...
As it was predicted by our team the price went out of triangle around 23 th March. We expected further growth till Fib 0.618 resistance level, which should be followed by a consolidation and correction wave. In case of completion of this scenario there should be inverse head and shoulders pattern and further growth. However, volume decreased and bears were...
MAID has a great potential now. We start with a safe signal for this coin, however further updates will give us a lot of profit. Currently most of TA indicators shows a sell status, this is due to retesting of a support level. We detected a reversal point where our buy zone is located. Sell at targets as usual one by one. Our analysts team will provide you with...
A whale purse sold 10.000 BTC yesterday and the price fell dramatically. You can track his activity here:
bitinfocharts.com
However it was expected that something would happen as soon as Bollinger Bands contracted close to each other. We faced with a dump. The price managed to consolidate a little below Fib 0.786 support level and now it is resistance.
Probably...
The price hit the long term support again indicators start to become bullish again. Stoch RSI enters oversold zone, Aroon and MACD confirms its intension. We expect a bounce and entering in Ichi cloud in the short term.
The price accurately followed our previous analysis and consolidated above the triangle which has finished a descending trend. There was formed reversed H&S pattern which is very bullish. The resistance of Fib 0.618 was broken and the price heads to the major resistance of Fib 0.5 which is near $12600. In case of soon break through it impulse growth will start and...
All these FUD and exchange rate fluctuations will last till the end of the month. The price will broke out of the triangle upward or downward around 22th of March. It will be a crucial moment for BTC. The price currently went back to the triangle and bounces from Fib 0.786 level. We expect that new wave of growth will start within 1-2 weeks. Hold your BTC and buy...
When rising wedge was formed there was not enough volume to break upward from it, hence the price moved down dramatically. At the current moment there are 2 possible scenarios. The first is a bounce back from 9800-10200 zone which is confirmed by Stoch RSI, Aroon and rising volume. The second scenario is breaking through psychological support zone and reaching Fib...
![BTCUSDT: [Detailed Analysis on BTC/USD]: Price Action & My Opinion](https://s3.tradingview.com/t/TooVG0iE_mid.png "[Detailed Analysis on BTC/USD]: Price Action & My Opinion")
