Bitcoin has broken down from the resistance trendline and continued to bleed upon options expiry and into the weekend. Im looking for a continuation short if price comes up to 36.5-37K to retest the 200MAs and get rejected with large volume.
Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and...
As you see, the pattern BTC is forming is an A-B-C.
This consolidation is BTC within is wave B.
So wave C which is downward wave begins soon and collapsing will continue.
Therefore be careful!
plz guys low your risk try to close all your open trades, market wont go much higher from where we r now...
try to stay safe n watch, anyways I'm shorting confidently with a high leverage ... good luck
Bitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the...
I posted this chart before.
Since then, it has grown by 150%.
It's late to buy now.
only if you have an entry point for the strategy.
Be sure to use a stop loss.
And last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave...
Everyone is so focused on price crossing back above EMA ribbon that nobody noticed the huge red dot on Market Cypher B, or the overheated/overbought RSIs on Bitcoin. We look bullish today but I expect May to be a very bloody month. Get out with your profits while you still can
Past months Bitcoin formed an ending diagonal formation which broke in mid-April.
Ending diagonal formation patterns are usually formed at the end of a bullish cycle (inside wave 5).
A few days ago Bitcoin crashed hard and tested the 100 DMA and broke it, but instead of crashing further a massive short-squeeze pumped the price back above the 100 DMA and...
We just find out on the BTCUSD hourly time frame it's just a breakout Bitcoin B pattern shape. Isn't it's so funny :D We are going to short from the current price.
Bitcoin has completed 5 wave pattern yesterday when it attempted to clear 38K zone and now what looks like is it is moving in 3 wave correction pattern.
So it has already touched point A for ABC pattern and is heading towards Point B from where it will move to Point C.
Now there are two scenarios to it.
Scenario 1 - It bounces off at 35K zone and completes its...
Hello, I am back with an idea on BTCUSDT pair 2h time frame. Recently, I have been keeping a strong eye on BTC, as alts are mostly hurt and some of them are finding it hard to recover. Last time I shared the idea, we hit our target on BTC. I got two scenarios to mention, both connected with each other:
FIRST SCENARIO:
As you can see, it has formed a bearish flag...
dar kafe canall hastim olgo mosalas ro shahedim
az nazare mn az kaf khahad shekast
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ama agar az bala shekast movazeb fake bodan bashid...
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tahlil haye btc ghabl ro chek konid bhtaar motevajeh mishid
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#sjd_did
