Bitcoin is breaking the Important Support line . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze...
#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards....
In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a...
📊#BTC has a chance to form a bearish wolf wave📉 🧠From a structural point of view, we are currently in the support zone, and the probability of rebound is higher than the probability of decline. Even if there are short expectations, it is not recommended to chase short here. It is reasonable to go short after rebounding to the resistance zone. ➡️From the...
Prepare for a decline. Everyone is seeing an upward trend right away, but we need to prepare for a negative trend.
Here is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is...
📊 #BTC Descending Broadening Wedge on the Daily Timeframe Chart is Still in Play! 🚀 Bitcoin bulls need to clear the $71.3k Resistance to confirm the breakout. 📈💪 Once the wedge breakout happens, we can expect some good bounce. In the 4D time frame chart, we are getting extremely close to a massive, volatile move soon! Stay tuned
📊 #BTC rejected at resistance zone, what next?❓ 🧠As expected, the market fell back after being blocked by the resistance zone. From a structural point of view, only by breaking through this resistance zone again can we have a chance to reverse the decline and have a chance to reach new highs. Otherwise, don't be too optimistic. ➡️From the perspective of wave...
Dear Traders, We are convening a discussion focused on #DEXEUSDT The Symmetrical Triangle Breakout Has Already Done ✅ So,I am Expecting a Bullish Move of 30% 🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart...
Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement. Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line . According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for...
Bitcoin long-term chart analysis In 2013, the price of Bitcoin broke its previous ATH and moved approximately 3700% after the breakout. In 2017, Bitcoin's price increased by over 1450% after breaking its previous ATH. In 2021, Bitcoin's price rose by more than 250% after the previous ATH breakout. This year, the price broke the 2021 ATH. We can expect a bullish...
BTCUSDt technical analysis updated BTC price has been rejected multiple times from its resistance line. If the price breaks above the resistance line, we can expect a significant bullish move in Bitcoin. We could see a bullish breakout in the next few days. Reagrds Hexa
📊#BTC reaches the staged rebound target area✔️ 🧠The market has rebounded as expected and has now reached the phased rebound target area. We need to be alert to the risk of a pullback. Yesterday we said that the bullish cup-and-handle structure has failed, so there is no reason to continue to be bullish. Even if there is a strong rebound, I will not be too...
BTC / USDT 1D – BTC is in accumulation range since 100 days ! – I think the big move is coming very soon –Since the price is holding well just below resistance the chance of breakout is high – There is also an inverse H&S printed which is good bullish pattern Note : we can see strong fluctuations near resistance line but price needs to break and hold...
The price bounced here as the zone was a weekly support zone but has come to the daily resistance zone DR1. But it seems it is likely to get pushed a bit more down. Below we have support zone DS1 and WS2. First is the daily support DS1 from where the price is likley to bounce. Therefore, a short trade is favorable here. The price is likely to land to daily...
Here is a new short trade idea. The price has been pushing up after the last big drop around 5 percent. The price found support around 68.5k zone and since then it is pushing up slowly. This push has been really slow and likely to reach till the low TF resistance LTFR1. I expect that the resistance there would make the upward push of the price to stop and then...
Bitcoin is moving near the Resistance zone($70,890_$70,140) . According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the main wave 4 . So far, the main wave 4 structure is a Zigzag(ABC/5-3-5) . I expect Bitcoin to fall at least to the Support zone($69,280_$69,120) . If the support zone breaks , we can confirm the...
Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign...