🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
🏃♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances). 💡Another sign that we can point to Bitcoin correction is the...
🏃♂️Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($63,000-$61,800) 🟡,the lower line of the descending channel and 🟡 Time Reversal Zone(TRZ) 🟡. 🔔I expect Bitcoin to temporarily rise to at least the upper line of the descending channel and then the 🔴 Resistance zone($70,600-$68,400) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is...
😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin...
I think That is it For Bullishness in BTC, Now we can Expect Price to Move Lower.
CRYPTOCAP:BTC #BTC Beautiful climb, $45,622 resistance came in effect, $44,860 support tested and holding good, Bullish engulfing on previous 4h close. Great follow up on bullish engulfing from 31st Dec on Jan 1st, RSI on 1D looking fine. Next key resistance $46,623, $47,232.
CRYPTOCAP:BTC #BTC moving in tight range $44,174-$43,522, bearish engulfing forming on 4h currently, $43,145 support could test. RSI on 1D and 4H looking good, 3rd weekly close approaching with $43,868 resistance. Watch given S/R
CRYPTOCAP:BTC #BTC Beautiful break of triangle here, $43,868 resisting, Previous 4H close looks fine, Bullish engulfing on previous 1D close as expected, RSI on 4h and 1d looking great. $44,174 resisted yesterday. $43,145 support looks good, needs to follow up on bullish engulfing.
CRYPTOCAP:BTC #BTC $42,070 support in effect, current daily with potential to put bullish engulfing on. Eying $43,145 test. RSI looking good, Low on volume as of now, Green days ahead 🤩🤩! $40,583 key support, $44,174 and $44,860 key resistance areas.
CRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
The recent market dynamics have witnessed a shift in momentum, with a notable surge in strength last week, propelling prices to reach 44,696. Subsequently, a new short-term trend has emerged, indicated by the green chart. Despite multiple attempts, the market has been unable to breach its resistance, suggesting a prevailing bearish sentiment. According to the...
CRYPTOCAP:BTC #BTC $42,070 resisted and $43,145 resisting as expected, $42,070 current support, RSI on 4h and 1d looks fine, Previous daily close bullish, $44,174 retest likely then $44,860 key resistance to break, Continue watching given S/R
CRYPTOCAP:BTC #BTC current daily and 4h candle not looking good as of now as a bearish engulfing forms, $40,583 support testing, avoided bearish engulfing follow up yesterday with previous daily closing above current support. Watch given S/R
CRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
Taking a look at the daily chart, RSI and price action are printing some clear bearish divergence indicating the bulls are becoming less aggressive. Should price action close below the ascending trendline as displayed on the chart, this would suggest topping action. Trade Safe
CRYPTOCAP:BTC #BTC Beautiful test through $38,509 resistance here, currently testing $38,768 resistance, $38,509-$38,768 resistance range still holding, support tested upon break at $38,008, current support $38,008. Eyeing $39,458 resistance, Bullish engulfing on previous 1d close
MIL:BTC #BTC $37,499 support in effect, two attempts on $38,509, current 4h not looking good - must avoid bearish engulfing, last 1D closed bearish, $38,768 support will allow $39,458 test - next key resistance.
💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at...