If we look at 4 hour timeframe, Expanding channel up support able to hold bearish wave, and BTC already success break channel down. This is a good news for bullish, not only for BTC, but also for all alt coin. We have 74.055 previous high as target, with maximum target at fibonaci 1.414 at 82.285 If this channel up broken down, we have 59.800 as next fibonacci...
💥We made a correction based on the hourly short structure. After the short target is achieved, there is an expectation of rebound. Therefore, we found a buying opportunity in the 6-hour buying zone yesterday and successfully reached the TP zone. At the same time, we locked in the main profit. Then expect more without the risk. Congratulations to all the friends...
🏃♂️Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($63,000-$61,800) 🟡,the lower line of the descending channel and 🟡 Time Reversal Zone(TRZ) 🟡. 🔔I expect Bitcoin to temporarily rise to at least the upper line of the descending channel and then the 🔴 Resistance zone($70,600-$68,400) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is...
The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price...
🧠From a structural point of view, we have constructed a smiling face bullish structure in the buy zone. Combined with the expectation of a rebound after the short target is achieved, we have a high probability that we will continue to rise. Let's see👀 ⚠️At the same time, don’t forget about risk management. 🤜If you like my analysis, please like 💖and share it💬 💕...
🧠We have also entered the correction stage after completing the daily level target, which is very reasonable. The daily level correction cannot be completed in a short time, and there is still about one month left before the production reduction. This month’s There should be more complex consolidation stages in time. ➡️From a structural point of view, the hourly...
➡️As I said in my last post, if we want to make a correction at the daily level, then we need a larger period short structure as a supporting force. 🧠From a wave theory perspective, it appears that we have completed Wave 5. ➡️From a structural point of view, our short target has not been fully realized, that is, it has not reached the buying zone that I am...
Hi, welcome to my analysis, I have a new pattern for BTC we have correction wave from 14 mar, and perform falling wedge pattern. at 1 hour timeframe, BTC already break this pattern and we already have candle close above falling wedge resistance. This pattern profit projection at previous high at $74.055, but we also have fibonacci support at 0.618 with this...
Hi welcome to my analysis, If we look at 4 hours timeframe, bearish today only a correction wave, and BTC still inside expanding channel up. Right now we have fibonacci support zone at $66.519 to $64.735 to hold bearish , If this support broken down, we still have channel up support at $59.218 If this support able to hold bearish, My target at $75.055...
🧠Pessimistic things still happen, but as expected, corrections are a normal phenomenon, and the corresponding adjustment level will not be too small after the daily level target is achieved, so we should pay attention to the 4-hour level correction rather than the small cycle. ➡️For the general direction, we are still in a bullish trend, so we should look for...
$Bitcoin perform a great bullish with Bullish pennant and Symmertical triangle pattern. If this pattern broken up, we have 2 target : $66365 as symmetrical triangle profit projection and $75508 as Bullish pennant profit projection If this pattern broken down, we have $57487 - $56029 as fibonacci support to hold bearish movement. Happy trading, Good luck
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious...
🧠As we set new highs again and again, my vigilance also increased a lot. At present, we have successfully reached the daily level target area, and what we have to do is to reduce our holdings or close our positions.⚙️ ➡️Because the realization of the daily level target means that the daily level adjustment expectations have appeared, so I would not be surprised...
🧠Our divergence near the historical high is still relatively large, the fluctuations are much greater than before, and the difficulty of trading has also increased a lot, so I have recently reduced the trading frequency. Preventing a sharp retracement of profits is also an important part of the trading system. ✔️ ➡️From a structural point of view, we are about to...
My current TA suggests the next move for BTC is coming. However, which way? There are two possible scenarios. Scenario 1 will be an upside move with a move towards 77k. Scenario 2 will see a corrective move for BTC. I personally believe we will see scenario 1 play out. Most traders believe BTC will see a corrective move and I feel there will be a lot of short...
Adjustments are bound to occur soon. Let's get ready
Started DCA Shorting BTC from above 68000. Stoploss flat 69000.(1.5%) Pretty much clean setup on this one with nice RR. Taking it won't hurt much because of the tighter stoploss. Targeting 61k and 55k. The price if holds here can see a significant downside. I opened a position after very long time hopefully this will go good. Note: Not a Financial Advice.
🏃♂️Bitcoin is moving in the 🔴 Resistance zone($69,000_$65,000) 🔴. 📈From the point of view of Classic Technical Analysis , it seems that a Rising Wedge Pattern has been formed, although, at the same time, we seem to have witnessed a Bull Trap , and this Bull Trap caused a new All-Time High(ATH=$69,990) to be created for Bitcoin. 📚What is the 🐮Bull...