🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame .
🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and...
🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) .
📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a ...
Hi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range...
🧠Graphically, we started a decline after breaking below the lower edge of the rising wedge.
➡️From a structural point of view, we started to fall after building a double top structure near the resistance zone. At present, the goal of this structure has been achieved, and there is an expectation of rebound.📈
➡️From the perspective of wave theory, we have...
👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it.
🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
🧠We are currently in a phased resistance zone. If you have a long order in the buy zone, you can lock in the main profit when the profit is sufficient, and then look forward to more in a low-risk way.
➡️If you don’t have any orders, it is not recommended that you chase the rise now because the profit-loss ratio is not good. Please be patient and wait for the...
#Bitcoin Update
Bitcoin's price dropped quickly when news broke of a potential conflict between Israel and Iran. It nearly reached a support level but then started recovering fast. This shows that the market is optimistic, but we're still stuck in a price range, so it's best to wait for a breakout.
If the price stays above this support level, we can expect a...
🧠 Judging from the monthly cycle , the overall trend is bullish, so we are mainly bullish. The ideal target can reach 134.8k-175.5k. The heaviest periodic resistance area in the near future is 87k-95k. The price will be more likely to make a major level adjustment when it reaches here. It is also the best short-selling area. If the development goes as expected, it...
🔥 Bitcoin Halving 2024 is less than 10 hours away.
💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening .
🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...
🧠From a structural point of view, a classic cup-and-handle structure is formed here. We will continue to rise according to this structure. For phased resistance, we need to pay attention to the neckline at the monthly level.
➡️From the perspective of wave theory, breaking through the turning point (wave 4) means the end of the main downward wave, and the...
🧠Yesterday saw a strong rally and a break above the uptrend resistance line, which is a very bullish sign. Therefore, when the profit from the short orders we hold is sufficient, we will choose to reduce and close the positions.💰
➡️From the perspective of wave theory, we have broken through the turning point, which means that wave 5 is over.
➡️So if there is a...
Currently, crypto market users are divided into two camps:
1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k.
Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise.
On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin...
Thanks for reading this update.
BTC seems to enter an important breakdown trend where we expect that BTC has a high chance of falling to 56K, this can also happen unexpectedly with free fall volume as we have seen also before.
BTC IS IN OVERFLOW VOLUME TREND..
Remember. No way is going directly to trend, BTC will play all possible trends to go to the goal....
🧠We did not continue downward after falling below the previous low, but instead experienced a strong rebound. From the perspective of wave theory, the cycle of the wave has changed, indicating that Wave 5 may have ended.
➡️From a graphical perspective, if you want to continue to fall, you need to form a descending triangle here, otherwise it will be difficult to...
Background:
1. Since February 2023, Bitcoin has been trading in a range. The range high is 73.8K, and the range low is 59.6 K.
2. In real time, It is difficult to determine whether the schematic in play is a reaccumulation or a distribution schematic. To answer this question conclusively, we must wait for the breakdown below or the breakout above the range.
...
The $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East.
Here are some factors to consider:
1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
2. Volume: Look for increased...
