what is Bitcoin Halving? Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024. Chart Overview: The chart above...
🧠We mentioned earlier that the target area of the smiley face structure has been achieved, then a healthy pullback is necessary, so I prefer path 1 to occur, combined with the chart of smaller periods we found the rising wedge structure (generally through this structure model down).📉 ⚠️Note that because the overall structure belongs to the bulls, so do not expect...
The price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a...
➡️As I mentioned in the last post, the target area of the smiley face structure has been achieved, so there is a high probability that adjustments will occur next. Because we are near a very heavy resistance zone, a healthy correction is necessary if we want to continue the rally. (Path 1) ➡️If it breaks through the resistance zone directly and stabilizes, it...
🔨Bitcoin seems to be breaking the Ascending Channel and 🟢 Support zone($27,580-$27,300) 🟢. 🌊According to Elliott's wave theory , Bitcoin has completed a Zigzag correction(ABC/5-3-5) in the ascending channel, but we have to wait for the next moves to confirm the end of the main wave B . 💡Also, the RSI indicator managed to break the Uptrend line and is...
👋Hi everyone. 📈Today, I decided to analyze Bitcoin almost completely on a weekly time frame with the help of technical analysis tools to give you a good view for the mid-term . ✅After rising almost ➕15% for the past four weeks , Bitcoin has started to decline again (as I expected in previous posts ✅). ☠️One of the reasons for Bitcoin's fall again...
Here is a long idea for BTCUSDT. The price has been trending down after the peak it has made. The price bounced from hourly support but got rejected from 4h resistance 4HR1. It seems that the price is heading to the next support which is 4h support 4HS1. This support shall provide bounce for a long trade and therefore a long trade is favorable from there. The...
The price is consolidating around the daily support. The price tapped that liquidity zone thrice and still trading above it. This is indeed an accumulcation for a upward move. The volume is low and still price not able to move down. This clearly indicates that it is accumulation and the price is due to move up. I think soon we will continuation of upward move...
👋Hi guys, I hope that you had a great weekend.🥳 ✅Bitcoin seems to have managed to break the 🔴 Resistance zone($27,600-$27,300)🔴 by Breakout Candle and is currently completing a pullback to this line. 🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern. 🔔I expect Bitcoin to rise toward the 🔴...
➡️As early as September 28, I came into contact with this shy girl, and like our pursuit of girls, it was full of twists and turns.❤️ ➡️When we came to the resistance zone, I thought we were going to succeed, and the rejection that followed made me question, can I really pursue it❓ ➡️When we came to the double-bottom multi-head defense, I was almost dejected and...
💥With the announcement of the true or false news of the ETF, the market has experienced wild fluctuations, resulting in most people lying in this silent slaughterhouse. Those who did not have any sense of risk management ended up in a pool of blood, unfortunately.🙏 🧠In any case, according to the technical point of view, the short structure is completely...
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1M charts) The key is whether the price can be maintained by rising above 28465.36. The intensity of the decline is increasing as the StochRSI indicator falls below...
We have found a very interesting fractal movement of the BTCUSDT price, which now has a chance to repeat itself at least partially. So, we'll try to take a long position. Entry = buy zone $26456-26681 with a potential average price of $26569 Stop = $25764 (-3%) TP = $29180 (+9.8%) P/L ratio = 3.25 We allocate $10,000 for this trade In the event of a mistake,...
Here are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run. Below the current market price we have multiple demand levels which could be potential places to go long....
🤯Well, the whales seem to know in advance that I want to go long BTC idea, completely did not give us a chance, we are 50 points apart can successfully enter the long, a pity. But congratulations to the friends who follow the advice to go long and successfully obtain a 400%+ yield.💰🍻🍻🍻 ⚙️The target area has been achieved, so don't be too greedy, you can take...
The price has hit the daily support. I think this daily support will hold the price and stop it from moving downward for now. This creates a favorable condition for a long trade as the price is likely to bounce from this support. The price migh go deep further into this support zone so I will slowly build the position as the price moves into this zone. There are...
✅₿itcoin started to grow as I expected in the previous post on the 1-hour time frame. 🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($27,600-$27,300) 🔴, Resistance lines , 🟡 Price Reversal Zones(PRZ) 🟡,🔵 100_EMA(Daily) 🔵 and Downtrend line . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing the last wave of the Double Three...
👋 Hi everyone. 🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚 Educational aspect 📚. 🏃♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣 Yearly Pivot Point($26,737) 🟣, Support lines and 🔵 50_SMA(Daily) 🔵. 🌊According to the theory of Elliott...