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The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough...
Last we discussed the price action in october and we talked about the bounce from weekly liquidity zone offering maximum opportunity on the long side. The price action indeed was in agreement with that proposition. The price moved very steep move to the upside since then. It has now hit the monthly resistance where it is taking a respite. I believe the price will...
Weekly resistance and 1-hour supports of Bitcoin that have been identified. The price is expected to drop.
Expect the peak around 48k-60k in the month of February. I would exit all positions there. While everyone is expecting BTC to go to 100k or 500k and others believing that we will bottom around 12k; we will dump much further. They will be talking about this moment for years to come!
As BTC approaches the 44-46k levels, we are entering higher timeframe resistance. Also, there isn't anything on fundamentals that explains the push logically. Prepare for liquidity grab. Possibly a wick up to 50k and a massive long candle down to 33k, giving nice clean traffic for the clear path up to 90k
I'm not bearish on BINANCE:BTCUSDT , but I'm looking for a short setup at 42 and 43K. ⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR" Don't forget to like and comment.
✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again ( MicroStrategy helped in this movement by buying $600 million of Bitcoin). 📚The Ending Diagonal Pattern ( Elliot's point of view) is the same as the Rising Wedge Pattern ( Classical Analysis point of view). 🌊According to the theory of ...
I took a short based on my gann analysis You can check my full analysis in related ideas!
🏃♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone. 📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure. 💡Also,...
Remove the noise. I marked clean support for Bitcoin. We can see two support zone: 35.955/36919 first and 32.685/33.482 second. Both area around 1k USD. If we will touch the second area before touching 41k... Image the bloodbath ...👀
Btc/usdt Bitcoin is currently trading around 38.1k, moving within a rising wedge on the 4-hour time frame. Possible scenarios include a potential rejection upon testing the upper resistance line of the rising wedge, leading the price towards the support line within the pattern. Alternatively, if the price surges and breaks above the upper resistance line, the...
BTCUSDT D1 - the price has been consolidating for more than a month in an ascending channel, which makes it possible to work only from the borders. A more likely outcome to consider buying is to wait for a correction from this channel to the levels 33200-31800 H4 - For purchases, you can consider entering from the border of the lower trend line to the...
Hi Traders, I will keep it simple, this is not a reading course, just check the chart and understand. Bearish signs Weekly candles showing weakness after massive green candles, doji and little hammers appear at the top. Stoch RSI is clearly representing us that there must be a decrease in price, but to what level? That is why i use Ichimoku Cloud. Probably, we...
💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at...
38k tagged, I have a bearish outlook on BTC. Break out of the range and then return into internal range liquidity. I'll see to buy back at the lows. Will it work? We'll see.
✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡. 🏃♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago. 🌊According to Elliott's wave theory , all the waves inside the...
BTCUSDT has been following the weekly resistance. Anticipating a dip all the way to next support - 29k levels, before a pump to breaking weekly resistance zone.