Weekly butterflie pattern, Maybe will continue to hit 1.618 fibonacci after clear smashing 1.272 fibonacci level, This is long term analysis. Follow and like for updates
The analysis that we did for Bitcoin from 2011 to 2022. In this analysis, we see a very old trillion that the price of Bitcoin is close to the average interline. Should we now say that Binance exchange caused the price to reach this area? Let's conclude that no, this is not due to the Binance exchange, but the price has to come there, and the Binance exchange is...
As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as...
Now there is a good entry point for sell. For the first target: Level 16100-15700 zone.
Omg, is it really happening, with one month delay? For details please see idea published on 24th of September last.
Hello, as title said, BTC need to reclaim 17600 that is the 3AC capitulation candle low, a close above with a nice Binance/FTX deal would bring some nice upward volatility. Better not short here, instead is better wait a possible news related to Binance/FTX drama deal. So you wait a reclaim of the line for a LONG or a retest as bearish breakdown for a...
This is the worst case scenario for BTC, a giant macro head and shoulders. The best case scenario is that we bounce at the macro GP around 9-10k. Based on the S&P fractal (the one from the 2008 crash that perfectly fits our current price action) I have to assume the worst for the crypto market. I was just waiting to see what the "news" would be that triggered the...
Bitcoin MARKET UPDATE BY Bitcoin support levels $17,150 and $17,800 strong Support (buyers available at this position) Bitcoin resistance - $18,600 and $19,600 strong resistance (sellers available at this position). Crypto market depends upon Bitcoin movement I updated you about Bitcoin so trade with risk management. ——————————————————————— Analysis - Bitcoin...
Considering that BTC has broken the previous weekly low, we could think of a further continuation to the downside. Here I propose two different targets. Let's see what plays out. Trade safe!
It's seems last bearish continuation succeeded, what we can expect now from bitcoin based on last down leg about (-43%) can repeated again for final leg until middle of december! Targets can be : TP1 : 17250 TP2 : 14500 TP3 : 12750 or 11700 (flash) Lets see if history repeated, play it safe don't go crazy always use stoploss! Have good luck until next post.
The first cryptocurrency after breaking through the trend was unable to break through and consolidate above the middle of the trading range, at the same time since June we can see the growing volumes on the haircuts. Against the backdrop of extreme events in the cryptocurrency world, Bitcoin sank by 10% from the local high. At the moment, the price stabbed the...
Thanks to FTX unpredicted thing happened yesterday, that's why we have to manage our risks. BTC has reached 17500 area 2 times in 5 months, and able to close the candle above 18500 area. That means 18500 is holding Bitcoin great, but we know what will happen if BTC able to break 18500. This is my idea of how BTC will go
Red Lines = Support (if price above) or Resistance (if price below) Yellow Lines = Major Support/Resistance Zones Chart = 4H Scale = Linear Like/Share if you find this helpful.
On the previous analysis we commented on how Bitcoin could make another high, however - the upside is limited. After rejection from the weekend and a recent break of structure to the downside - it is pretty much confirmed for lower movement in the Bitcoin price. Look for solid zones to short from, as directionally - the downside is the most likely in this...
Yesterday, we projected a downward sloping channel and laid out conditions for its invalidation that came later with the breakout above the upper bound. In such a scenario, we stated the pattern would most likely get distorted. However, an increase in volume after the weekend makes us speculate about the price returning to the channel. Although, such development...
As long as we are below the resistance level, it is more likely that this channel that we are in now will have a similar movement to the previous channel, making us go back to 18,600. That's why I keep seeing new opportunities for short.
We might go to the previous region around $17500 let's see what happens.