The price has hit the 4h support as marked on the chart and the support doing its job. The price has bounced from that support and currently trading at support resistance which also acted as a brief support during fall. The price may head for 4h resistance zone again.
It seems that the corrective structure of Bitcoin for a pullback to the broken resistance line is Expanding Flat(ABC/3-3-5) , which is considered a common corrective pattern. The end of wave C is located in 🟡 TRZ(Time Reversal Zone) 🟡 and 🟡 PRZ(Price Reversal Zone) 🟡 and near the support line (former resistance line). I expect Bitcoin to go UP to at least the...
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Yesterday the price hit the 4h resistance zone upon the bounce and was held back by this resistance. Since then it is consolidating under that resistance and likely to break it soon. The next resistance lies at 27400 zone which would be the target of the long trade which seems to be favorable right now.
I think it is a very good price to buy Bitcoin. We will have a very good rally.
If this area holds, we might see last leg up for BTC. This trend should be quicker than the 3 legs up combined with the same target. Daily RSI forming hidden bullish divergence too.
Now is again a level to long bitcoin. The first target is the last level before this drop.
The US Government will be defaulting sometime early June, this is a 1971 US default repeat where the US Government cannot depeg the dollar from a hard asset this time is indeed different. Why has this been the fastest rate rise cycle in history for the US and other leading GDP countries? simple they need inflation near zero to start QE to infinity to stop the...
This trade idea got triggered. Its a long shot but feels like its worth trying. I believe price is going to be higher from here. This was again a nice retrace to fill the long I was waiting for. Lets see where we go from here. I am targeting 28900.
Hi folks today I'm prepared for you BITCOIN analytics. Bitcoin dropped to level 27130, formed a support zone, re-tested it and, began to move up. The price rose to a resistance zone of 29800-30000, from which it rebounded, quickly fell to the support zone, and immediately rose and re-tested the resistance zone. Bitcoin continued its downtrend and reached support...
BTC will most probably touch my entry and have at least one leg up from there! Nice R/R 😙 NFA
2h time frame - Bitcoin dumping rapidly and creating a descending wedge currently. We can set SL a little bit lower than previous(26700), and aim at 30800 if this pattern continues to work. This trade has great RR, do not miss it!
This dip provided a nice long opportunity. It is difficult to post on time when the price moves so fast. But 26906 was a good level to long. And the price has already moved more than 1.5%. Did not mention that level in earlier posts as did not expect this to go there so quick. But anyways, I think this drop opens the path for more upside. There will some retrace...
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last idea. Long confirmation - consolidation above dynamic resistance (white line on top) Then the target will be 33-36k. Confirmation of the fall - breaking through 27k, then we...
The price has hit the daily support and likely to bounce from there. A long is favorable here. The target should be 28176-28266.
BINANCE:BTCUSDT COINBASE:BTCUSD Hey everyone, first take a look at my previous BTCUSDT & ETHUSDT analysis and positions. Bitcoin may experience growth near this month's CPI data release event if inflation conditions improve. The trend is still bearish and the price takes another step for further correction with each rise Don't forget to risk-free your...
BTCUSD - LONG POTENTIAL 2000$ profit entry 27600 2.62 RR
Friends, in the short term, I see these targets for Bitcoin Good luck Karim Heydari