Bitcoin was able to make a rectangle pattern after breaking the uptrend line. To form a rectangle pattern, it is enough to find two pivots on the top and two pivots on the bottom, and it is better that these pivots are aligned. In my opinion, Bitcoin can break the lower line of the rectangle pattern and fall to the support zone( More possible ), although it is...
#Bitcoin update #Bitcoin once again rejected at 25200 resistance. Due to which Bitcoin is on a normal correction. Bitcoin minor support is 23800 while good support is 230000
Bitcoin seems to have responded to yesterday's bearish move with a mirror movement. This mirror movement ends in the 🔴PRZ(Price Reversal Zone)🔴. Also, in PRZ, Bitcoin has to 👊fight 👊with Psychological Resistance Level(Round Number). Since Bitcoin has been able to break the uptrend line, I expect Bitcoin to fall again. ❗️ Note ❗️: if Bitcoin goes over $25340,...
Due to the microwaves structure of the main wave A, I do not expect Dogecoin to be able to go above the opening price of the main wave A. So I still have a bearish view of Dogecoin. It seems that the structure of the main wave B has a double three correction structure(WXY), and this wave's end was in 🔴PRZ(Price Reversal Zone)🔴. Dogecoin is losing its uptrend...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
Bitcoin managed to form a Bearish 🦀Deep Crab🦀Harmonic Pattern in the resistance zone and PRZ(Price Reversal Zone), while point D of this pattern is formed in TRZ. Also, the break of the upper line of the ascending channel was fake (bull trap). As a result, I expect Bitcoin to fail to break the resistance zone to the upside and start falling. ❗️ Note ❗️: if...
I have a habit of deleting my drawings and re-drawing them every other day to get a fresh perspective on the charts. Personally, it helps me stay disciplined and less biased as re-charting can help show new perspectives I otherwise may miss due to the clutter from the previously drawn lines and indicators. Today, as I redrew, I wanted to make some predictions for...
If we close this month above 23.3K We're going to our next monthly closure resistance at $35K which is also our next 0.382 fib retracement.
Today, we will try to draw up a trading plan for the BTCUSDT pair and the cryptocurrency market in general for the current week. After BTCUSDT hit a new high last week, sellers tried to push the price down. As a result, the price dropped quite sharply from $25250 to $23350. The weekend has passed, and it looks like buyers are not planning to give up. It is...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
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The predictable movement of Bitcoin for the current week is based on this Bitcoin is moving towards 32500, in this movement, the first stopping point is the range of 28000. Then correction to the range of 22130 and then continue to move towards 32500. After reaching the range of 32500 in the next 5 weeks, we will have the price fall again towards the range of 16000
today i operned short position because btc also hit high of the Chanel so i am expecting new low again .. Bearish weekend ahead
Same as BTC, hitting an important resistance. A close above 44.75% will be good for BTC. While Alt/Btc pairs are likely to suffer If Dominance breaks out. So be careful, BTC needs to break above $25k for the uptrend to continue., Let me know what you think. DO hit the like button if you like it and share your views in the comment section. Thank you. #PEACE
Bitcoin was bullish today, but I don't think it will continue this trend; one of the most important reasons for me is the wave structures, which I don't mention in this post. Another reason is the possibility of forming a Bump-and-Run Reversal Top Pattern. The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...