At the time of this analysis bitcoin price is at $27569.6 with low trading volume and volatility for the weekend. We expect a start of the week with short operations due to the bearish trend consolidated last week, but with a take profit of no more than 3%, a possible trend reversal. analyzing the daily chart we notice the formation of a pullback of an uptrend...
Hi, everyone👋 (Reading time less than 3 minutes⏰). Today I want to use one of the simplest and, of course, the most widely used technical analysis tools to analyze Bitcoin, the name of this analysis tool is " Candlestick Patterns ".😉 In general, candlestick patterns are used to enter and exit the trade and to understand the price trend in the chart. And the...
Bitcoin seems to have broken the ascending and descending channels & 🟢support zone($ 29,200-$ 28,730) 🟢 by the Head and Shoulders pattern . Of course, the decline in the price of Bitcoin was expected by me based on my previous posts in the daily time frame: (I suggest you view my previous posts). About the Head and Shoulders pattern, there are several points...
Bitcoin has been moving in a Descending Channel for about 3 days. The formation of the Inverse Head and Shoulders pattern near the 🟢support zone($ 27,820-$ 27,700)🟢can be a good sign of breaking the upper line of the descending channel. I expect Bitcoin to start growing after breaking the upper line of the descending channel. The increase of Bitcoin can be as...
What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks. Let's dive right in... Ticker: BTCUSD Date: 04/21/23 Timeframe: 1H Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone) Demand: 27560-27830 (green zone) Commentary: It seems like we finally got the break of the bullish...
Bitcoin reacted to the bottom of the descending channel and the 🟢heavy support zone($ 29,200-$ 28,730) 🟢, and the bottom of the ascending channel in the 4-hour time frame after falling from the Top of the descending channel with the Double Top pattern, but due to the momentum and volume of the breakout candle, I expect Bitcoin after That the pullback to the lost...
What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum. Let's dive right in... Ticker: ETHUSD Date: 04/19/23 Timeframe: 1H Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone) Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone) Commentary: Ethereum has created a big gap between these demand and...
I wanted to remind CME GAP ihvs to be careful with your transactions, it looks like a bloodbath is coming
Bitcoin reacted well to the 🟢support zone($ 29,200-$ 28,730) 🟢 over the past day, although I expected Bitcoin to penetrate further into this zone. With today's move, Bitcoin seems to form a descending channel within the main ascending channel. Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines;...
Hello, when the price crosses the level of 31700, I expect to see a higher column up to 40000, but in my opinion, this is where we should have a better correction to 23000, and anyway, the general and longer view is bullish, and I also agree, but I will not forget. that we have good reforms in the future.... Anyway, the price goes in any direction, whether it is...
Hi everyone👋 Bitcoin is moving in an ascending channel. Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable). Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢 support zone($...
First, I must say that in order to have a better understanding of this post, I suggest you look at the following post in the 4-hour time frame.👍👇 Bitcoin's pullback to the broken 🟢support zone($ 29,880-$ 29,660)🟢 seems to follow the corrective structure of the Expanding Flat (3-3-5/ABC/most common), so that the end of wave C is at 🟡 Price Reversal...
Not gonna put a long "make me look smart" idea. This is where I am looking for OKX:ETHUSDT to move within the next few hours, pre and post NYSE Open Let's make money!
Ethereum managed to form a Head and Shoulders Pattern between two support and resistance zones, so that the Head part is in the 🔴resistance zone($ 2158-$ 2123)🔴. I expect Ethereum to at least fall to the bottom of the 🟢support zone($ 2041.40- $ 2017.68 )🟢 with the Head and Shoulders pattern. If you want to know my Ethereum roadmap, I suggest you see the...
Bitcoin has been able to go through 5 main waves at $ 31,043, and now it seems that you have started corrective waves. Bitcoin is currently moving near the resistance line and 🟡Price Reversal Zone(PRZ)🟡. I expect Bitcoin to finish microwave 4 near the PRZ and microwave 5 to continue at least to the 🟢support zone($ 29,880- $ 29,630)🟢 and support line. Bitcoin...
First, I must say that if you are looking for a better understanding of this post, I recommend you to look at the following post for a few seconds.👇😉 It seems that with the break of the 🟢 support zone($ 30,326-$ 30,260) 🟢, Bitcoin will enter microwave 3 from the main wave 5, and I expect this fall to continue until the 🟢 support zone($ 29,880- $ 29,630)...