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...
Hi, Today is a good moment to enter long at BTC, because we already reach fibonacci support zone at 64K-66K. This is a strong support area, since BTC stuck at 1 month consolidation. If fibonacci support able to hold bearish, Our target at $71.933 sorry for late update, coz I have a heavy schedule with my student. But I will try to update this analysis if I found...
📊#BTC may enter a complex consolidation stage again📉 🧠From a structural perspective, the bullish cup-and-handle structure failed as the bullish defense point fell below, which means we lost the reason to continue to be bullish. This means that we will most likely enter a complex consolidation stage at the weekly level again. ➡️From the perspective of wave...
Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From...
📊#BTC rebounds as Scheduled, what next?❓ 🧠Structurally, there is a bullish cup-and-handle structure acting as support for the upside, so there is a case to continue the bullish trend. ⚠️But from the perspective of the weekly level, we cannot be too optimistic before we break through ATH. If we do not continue the bull trend but choose to continue falling, we...
For the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions 🔼 CRYPTOCAP:BTC buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and...
Macro Perspective: Bitcoin is still in a Wyckoff accumulation/distribution schematic. Medium-Term Bias: The Sideways trend is expected to continue until Bitcoin either makes a Lower Low (LL) or breaks above 74K and flips it to support. This process is projected to unfold by October 24. Because of Bitcoin’s lackluster PA and time factors, I am leaning...
📊#BTC reaches the buying zone✔️ 👀 We pulled back sharply after being rejected at the resistance zone as expected and have now stopped falling near the buy zone. 🧠From a structural point of view, the bullish cup-and-handle structure has not been destroyed, so the expectation of rising prices still exists, and it is impossible to chase the decline in the buying...
📊#BTC trading opportunities to share🔥 ⚠️It is impossible to chase the rise in the red selling zone. We would rather miss the market than let emotions guide us to trade.❌ 🧠There are currently only two participation plans for long trading👇 ➡️First, be patient and wait for the buying opportunity when the price breaks through the resistance zone and falls back into...
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
📊#BTC bullish cup-and-handle structure📈 🧠From a structural point of view, we have successfully broken through the turning point, which means that the bullish structure of the cup and handle has been established. It is reasonable to use the bullish structure as a supporting force to continue the upward trend in the future.📈 ➡️From a morphological perspective, the...
Bitcoin's Bullish Surge Supported by Rising Open Interest: $80K Next? Bitcoin (BTC) is experiencing a bullish surge, fueled by rising Open Interest (OI) in the derivatives market. This strong showing indicates a growing optimism among traders, with long positions dominating the market. Let's delve deeper into this trend and explore what it might mean for the...
📊#BTC is in a complex consolidation phase, stay patient☕️ 🧠From a structural point of view, we have entered a complex consolidation stage after achieving the weekly and daily level targets. The realization of the large cycle target means that a large cycle adjustment may occur, so the expectation of a callback will always be exist. ➡️From the perspective of wave...
Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. ...
📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted...
📊#BTC rising triangle failure, alert to medium-term fall risk.⚠️ 🧠From a structural point of view, we fell below the bull defense point, so the big double top bearish structure was established. If we fall according to this structure, there is a high probability that we will enter a deep callback stage, so please be wary of being bullish! ➡️We are currently near...
12 days ago, BTC Daily faced rejection, whereas the 6-hour chart appears stable. Currently, the price is hovering at the support level. However, come Monday, the situation could shift, regardless of the direction. If Bitcoin rallies to the lower support in daily, will your position remain secure? If not, you may be overexposed! Many new traders make this...