I think BTC is going to go down at least to 21k ish. But from here it might rise to 28600 or so. If it is the case the right shoulder of the H&S will be formed.
Hi, everyone👋 (Reading time less than 3 minutes⏰).
Today I want to use one of the simplest and, of course, the most widely used technical analysis tools to analyze Bitcoin, the name of this analysis tool is " Candlestick Patterns ".😉
In general, candlestick patterns are used to enter and exit the trade and to understand the price trend in the chart. And the...
The price is at daily support but the demand really is dismal. This zone should be a good buy zone but the appropriate reaction is not seen from this zone. Price is holding here but there is no bounce. Such support should have given an immediate bounce instead of just holding the price. I am tempted to take a long here but giving it a second thought because of...
Bitcoin seems to have broken the ascending and descending channels & 🟢support zone($ 29,200-$ 28,730) 🟢 by the Head and Shoulders pattern .
Of course, the decline in the price of Bitcoin was expected by me based on my previous posts in the daily time frame: (I suggest you view my previous posts).
About the Head and Shoulders pattern, there are several points...
Bitcoin has been moving in a Descending Channel for about 3 days.
The formation of the Inverse Head and Shoulders pattern near the 🟢support zone($ 27,820-$ 27,700)🟢can be a good sign of breaking the upper line of the descending channel.
I expect Bitcoin to start growing after breaking the upper line of the descending channel.
The increase of Bitcoin can be as...
Here are 3 fractals from the history of BTCUSD trading:
Red is a likely repeat of the Triple Top pattern from May 2018. It implies a correction to 17600$ and a further upward trend.
Yellow - market growth as in 2019. It implies without correcting growth to the 40,000$ area, and only then can a protracted correction begin.
Green - in anticipation of...
It's time to play some Candlestick Chart
In 1H TF we can see 3 specified candles, in case we see close above good sight for bulls, in the opposed site bears will still be in control
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed...
So after properly testing the support, and if it lasts, we can look forward to the retest of the 44k position.
If the summer vibes don't come again and stronger.
Hold on to your hats it's going to be a ride. =D
The price finally reached around the 4h support zone. This area is also the consolidation zone before the move beyond 30k. A long is favorable here. If the uptrend is still alive for BTCUSDT, this could also be a good entry for a swing trade. But for now let us target the 29396 level.
More of my trade reviews are in my profile
For everyone who has studied all my trade reviews and updates. We reach our next goal in the SHORT position.
Congratulations friends. Below, you can study the complete trading history.
Bitcoin reacted to the bottom of the descending channel and the 🟢heavy support zone($ 29,200-$ 28,730) 🟢, and the bottom of the ascending channel in the 4-hour time frame after falling from the Top of the descending channel with the Double Top pattern, but due to the momentum and volume of the breakout candle, I expect Bitcoin after That the pullback to the lost...
Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed...
This trading idea suggests opening a long position on BTC from 28900 to 28600 based on the Pattan Cypher and Navarro200 indicators. The Pattan Cypher indicator has identified a bullish reversal pattern, while the Navarro200 indicator is showing oversold conditions for BTC. If the price of BTC breaks out of the 28600 support level, it could potentially continue to...
Bitcoin reacted well to the 🟢support zone($ 29,200-$ 28,730) 🟢 over the past day, although I expected Bitcoin to penetrate further into this zone.
With today's move, Bitcoin seems to form a descending channel within the main ascending channel.
Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines;...
Hi everyone👋
Bitcoin is moving in an ascending channel.
Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).
Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢 support zone($...
