This is Monthly Log Chart from Bitstamp as it has data since 2011. More history and past data helps in analyzing the behavior and price structure. Three Analysis on a monthly log chart on BTCUSD pair. (1) Harmonic ABCD Distance covered in AB Leg is same as Distance covered in CD leg (1:1 extension). C point as shown in the chart...
Bitcoins has arrives at Price Origin Point where it launched its uptrending move. It turns to be Monthly Support as well. Will price takes this low or bounce from here. Interesting to watch!!!
What happened in the last 1 week was unexpected and painful for many. Now what's really important is whether BTC is already bottomed or not. BTC made a low of $26,700 way lower than the previous support of $29k. Now people are very panicked just like the covid time. Also to notice, BTC is currently trading around the 0.618 Fib level extension which also happens...
BTC is in process of developing bullish deep 🦀 harmonic on 12 hourly chart. It will complete at $30,800 level, Like always we use bullish harmonics to project future price action. It will take some days or weeks to complete this, Invalidation of this harmonic will be if BTC pumps to $47k level OR consolidation within the range for longer time.
Hello Traders, From the market of Bitcoin 200 billions wipe out. People loose big money. Why this happening? The answer is very simple. They do not pay attention to technical analysis. If you know them, then is very simple how you control your portfolio in crypto. You have many tools that provide indication of price change direction. Closed you position and case...
I'll keep it short, historically Bitcoin has ALWAYS respected the 2 week 100-SMA. Will it happen again?
Welcome members to this BTC update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is...
4h; bearish trend line bellow the emas waiting for the break of the structure and s/r zone with a momentum candle 1h; price action a bearish engulfing candle bellow the 14/5ema and below the 200 SL; above the ema's tp; next s/r
BTCUSD showed a relief rally after a massive sell-off. Bull case- Primary supply zone -$32500 (21-4H EMA). Bear case- Levels to watch- $28000 (Major demand zone).
After reaching the 30k figure, as was normal, BtcUsd has had a rebound. However, this rebound was short-lived and the price is near 30k again at the time of writing. Yesterday's candle has a long wick to the upside and it looks like today's candle will not be different. This can mean strong selling pressure and could lead to a break under 30k. Supports come into...
Bitcoin-BTCUSD_D1 Bullish Shark Pattern, Possible Bullish Reversale From this zone. Like and Follow Me. Thank You.
Here is my view for BTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
Apparently, #BTC is consolidating at a lower timeframe 1hr, once price breakout from this consolidation zone upward ⬆️ , a possible bullish move is comfirmed. Alternatively if price breakout occurs Lower surely price continues to dip more. Standby for price actions to confirm next price move..
Trading Setup: There is a Trading Signal to Buy in BTCUSDT Bitcoin . Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy on downtrend breakout or Buy on 30080.00 ⭕️SL @ 28615.00 🔵TP1 @ 32515.00 🔵TP2 @ 35296.00 🔵TP3 @ 38003.00 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku...
An update on where price is for BTCUSD relative to the parabolic curve drawn against strong support points throughout BTC's history 25K (roughly) seems like max drawdown
As I had showed my idea in my earlier publish, BTC DID FOLLOW EXACTLY THE SAME PATTERN but it was so quick and without a small relief bounce. So from here I expect BTC to do some consololidation n touch the support line a few times n then bounce for uptrend till the resistance area. Potentially braking above it after 2 3 test on the resistance. For me I think BTC...
Looking at BTCUSD (Bitcoin), I think it is trying to fulfil it's double top formation. Bitcoin made a rejection from the 30k support level and rose up with at least 6% today. This might be due to profit taking. Looking at it, I predict it breaking it's 30k handle and falling to 20k level, to the 200 simple moving average. Please support this idea with likes if...