🧠After 25 days of consolidation, we finally successfully constructed a cup-handle structure, which means that the selling pressure when it broke through the historical high has been successfully absorbed, which means that we will use this structure as a supporting force to rise. The ideal target can see more than 80,000+🙏🎯✔️ Let's see👀 🤜If you like my analysis,...
Since the beginning of this analysis, I have focused on the contents of the triangle pattern but what happens if this pattern breaks out? Where is the target? On this occasion I will illustrate using a daily timeframe. In this analysis, I deliberately started from major support. This support is the strongest support for BTC, and if this triangle pattern breaks...
#Bitcoin is currently encountering resistance. Is it a liquidity hunt around the all-time high (ATH), or a genuine breakout? Nobody knows for certain! We're in a waiting game. Based on previous charts, we seem to be leaning towards Scenario 1. A break and close above this level could potentially trigger a rally to a new ATH. Fingers crossed for a positive...
And here comes the setup as promised. The price has hit the daily support and has bounced from there although not significantly. Howeverm it is currently trading above that zone and it seems likely that the price will push upwards during the day and that should result in a green daily candle today. We will reevaluate the price action at the end of the day to see...
The Positives: Bitcoin is moving in a triangle formation, which is a continuation pattern. Bitcoin is also above the 21D. The challenges: 1. Bitcoin is at the triangle's resistance, and the yellow Gann angle also acts as resistance. Possible Outcomes: 1. Bullish breakout. A breach of the 70K level opens the door to price appreciation, possibly as high as...
After BTC reach bearish target at por previous analysis, BTC go down a little more to to perform a big triangle pattern. if this triangle support able to hold bearish, next bullish target at triangle resistance at 70.763 But if this pattern broken down,.. I will make a new analysis. Good luck
🤷♂️There was not much trading volume over the weekend, and it was in a complex consolidation phase recently, so the entire market did not change much. 🧠Based on the previous analysis posts of different cycles, the structures we can most likely build here are the cup-handle structure and the ascending triangle structure. ➡️If it is a cup-and-handle structure,...
Daily Chart Bitcoin price is trading in the daily range zone between $65,400-$70,838 and forming a corrective structure (most likely, a triangle), before another bullish extension. The daily candle closure and a sustained price action above $70,838 or, even better, above $71,604 will push Bitcoin price towards $77,250 and, possibly, higher to $82,890, the new...
🏃♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴. 🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . 📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart. 🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge...
🧠It's a pity that we didn't continue the momentum of the double bottom bull structure. And it fell below the support zone, and the support zone turned into a resistance zone again. Since our monthly closing price closed above neckline 2, the probability of us continuing to rise is still very high, so we can still be bullish.📈 ➡️Therefore, if the price returns to...
BINANCE:BTCUSDT.P BTC is showing Bullish Pennant Pattern in the 1D time frame and the price may increase between 71k and 73k if support is found from the underlying trendline. brake the trendline below, price can down between 61k and 60k!🌈🍀 NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money,...
Bitcoin's recent price action has seen it fill the CME gap, suggesting that selling at current levels may not be the most strategic move. Instead, this zone is now viewed as a buying opportunity. I anticipate that Bitcoin will reach 76k in the coming days. There are two likely scenarios: the first involves a direct bounce from the current zone, while the second...
✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times. 🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line . 🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge...
We can see that BTC perform 2 pattern : BULLISH CHANNEL UP This pattern still perform but cannnot break triangle resistance. to make sure bullish, $71.472 must break up and if we have it, next bullish target at any price at channel up resistance but before this pattern broken down, we still have one classic support and resistance around fibonacci 0.382 $68.544...
Since making an ATH on March 14th, Bitcoin has been in a correction. Following the March 20th bottom, Bitcoin is making HHs and HLs. I have my reservations about the PA. However, the price is what matters. We trade the chart. Not our opinions. On the 4H chart, bitcoin forms an ascending triangle. It tried to break above the 0.786 fib retracement at 71.1K four...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
The largest cryptocurrency in the world recorded its highest levels ever Expected scenario: continuation of the upward trend Bitcoin (BTCUSD) price trading stabilizes around the 70200 level after the rise it witnessed yesterday, and we notice that the Stochastic indicator is showing negative signs that hinder the price’s mission to continue rising, waiting to...
🧠We started to rebound after completing the hourly correction, and there was a large divergence after reaching the stage resistance zone, so it is reasonable for us to fluctuate sideways here. ➡️And I also said in my previous post that after we completed the daily-level and weekly-level goals, there was no adjustment corresponding to the cycle, so we are expected...