Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase
R Channel in Short Time Frame as an Correction
Fibonacci Level - 61.80%
Break of Structure
Strong Support Zone
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bullish Channel in STF as an Corrective Pattern
Support Level
Impulse Correction
Break of Structure
Consolidation Phase
Bitcoins' Price Trends: A Brief Analysis Hello there! 😊 Have you checked on your Bitcoin (BTC) lately? The latest price is now at $29,081.00. Sadly 😞, Bitcoin has experienced a slight slump in its price over the past week. Just in the last 24 hours, it faced a decrease of -1.61%, and a total of -1.32% drop during the past 7 days. Wondering about support and where...
Bitcoin ... I see for now the price is more likely to bearish. If you look at the market structure (if you have trouble seeing the market structure, I help with H-L-H-L notation) the possibility of continuing the bearish trend is still quite high. Although there is a possibility of limited bullish up to SND, but I am sure prices still tend to bearish in the next few weeks.
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase with the Breakout of LTL
Divergence
S / R Level
Symmetrical
Fibonacci level - 38.20%
Currently it looks like the price is consolidating (sideways) if the price falls lower than the sideways area, there is a possibility that it will continue to fall until the SnD area. but if the price can survive and return to bullish then the goal is 34000.
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern
Consolidation Phase
S / R Level
Break of Structure
Completed " 1234 " Impulsive Wave
RSI - Divergence
As we know, Halving is approaching and approaching. Many people wonder happens before and after this. Well look at this chart. There might be some dump before it like 2020's, but also no dump like 2016's. Regardless, there is an up to 18 months rise afterwards until a new ATH.
How do you think the next halving which will occur on April 26, 2024 will play out?
Lads please pay attention! This 10 year old support trendline turned into a resistance in November 2022. Approach with extreme care! But bare in mind that this is crypto and it could get blasted through with vengeance.
BTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has...
BTC medium term looks bullish. currently it could still be in the wave 2 period. although last week BTC managed to get out of the sideway area, but the range for prices to make corrections is still very wide.
looking at the fibo retracement area, there is a SnD area right at the 0.236 level (the price has dropped 76% from the last bullish swing) in my opinion...
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
there are lot of conformations now that we are going to 11k and also we can say this that was the amazing bull trap now the big guys are selling their bitcoins dont be trap with moon boy fuds etc
