The price broke the daily resistance and moved up to weekly and daily resistance confluence. It is currently trading in that zone and facing this resistance. This resistance is a bit tough one as this level has been historically resisted or held the price on several occasions. The probability says, the price shall experience a pull back here.
Btc is totally oversold on the rsi, 15, 30, 1 hr, 4hr. (red arrow) We also have a harmonic pattern at the top and the market maker two nice short positions for us to tap into(yellow box). Shorting to support- 50x
Based on my analysis, it is likely that Bitcoin's value will experience a decline in the near future.
Bitcoin was able to go up to the 🔴 resistance zone($ 25,760-$ 25,600) 🔴 after breaking the resistance line. The wave structure in the 15-minute time frame appears to be Expanding Flat(ABC/3-3-5) , which is one of the most common corrective structures. I expect Bitcoin to fall again from the 🔴resistance zone🔴 (there is also a possibility of a 🐮 bull trap...
Waiting for Neckline to be broken. Short target is shown on the chart with your own risk management.
The price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to...
Hi Traders this is my view for bitcoin from Elliott Wave Analysis perspective, hope it could give you another perspective of analysis. Bitcoin is still bearish with double three (wxy) corrective wave within the blue channel. I expect btc would go down to around 25k demand area for entry long position (with PA confirmation). Then bounce-back to 26.8k...
EVERY CANDLE HAS LIQUIDITY. PRICE ALWAYS NEED LIQUIDITY. Nobody Knows Where is Price Going. Hey traders, here is the analysi. If you guys like my analysis please hit like?? and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT. identify Liquidity Or Become Liquidity
Hi Traders, Investors and Speculators of Charts 📈📉 After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the...
It seems that Bitcoin is forming a Head and Shoulders pattern after failing to break the 🔴 resistance zone($ 26,150-$ 26,040) 🔴 so that the peak of the right shoulder of the pattern can be in the 🟡 Price Reversal Zone(PRZ) 🟡. I expect Bitcoin to go down to at least the 🎯 target 🎯 I specified in the chart after breaking the neckline . Bitcoin Analyze (...
Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss...
In these few days, Bitcoin managed to move from its 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 to the top of the descending channel and the 🔴 resistance zone ($ 28,000-$ 27,660) 🔴. In this increase in Bitcoin, we can see the Regular Divergence(RD-) between volume and price, as well as the Hidden Divergence(HD-) between price and oscillator. I expect Bitcoin...
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
CME:BTC1! CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now. For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone. For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones. Today FOMC Interest Rate Decision data comes...
The price has hit the daily resistance DR1. It is likely that the price will be pushed back from there. The next hourly support is around 26060 and I think price will head there. Therefore, the target of this short trade should be 26060. The price has already been pushed significantly while penning this idea.
BITSTAMP:BTCUSD Bitcoin has a really interesting head and shoulders even on 1D. The aggressive neckline has broken and provided 5.84% gains on a short. Waiting for confirmation via: 1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels 2. Plan B: Fake-out of Neckline for Long to first to 31k Future markets open in...
KUCOIN:MATICUSDT CRYPTOCAP:BTC sitting in the huge Head & Shoulders provides ideas for possible downside. You can see my idea here: tinyurl.com Price action is lurking around below the neckline after breaking it. Possibly a build up. Once it moves we activate our plan. CRYPTOCAP:MATIC looks interesting sitting in a Falling Wedge and could we get a...
Hi Traders, Investors and Speculators of Charts📈📉 After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure,...