Hi Everyone, BITSTAMP:BTCUSD our last analysis on bitcoin turned out to be in our favour price has been dropping ever since, in our view price can now make small corrections towards 69k to 70k and from there price can drop significantely towards major bearish impulse that will fill the liquidity gap in daily timeframe that price has left behind. Please note...
Fellow crypto enthusiasts, I'm currently examining BTCUSD with an Elliott Wave lens. The chart reveals that Bitcoin might have completed an impulse wave marked by the peak of (5), and we seem to be in the midst of a corrective ABC pattern. As the chart shows, wave (a) has made its move, and we’ve witnessed a rebound for wave (b), which suggests a potential for...
The BTCUSD pair is displaying an intriguing Elliott Wave pattern, indicating a potential SHORT opportunity. After a corrective wave (b) and a recent downturn, we may be entering into the early stages of an impulsive wave (c). Traditionally, wave (c) extends to at least the length of wave (a), often ending near the 1.0 or 1.618 Fibonacci extension of wave (a). The...
Elliott Wave analysis on BTCUSD suggests a bullish scenario is unfolding. After completing a corrective wave, the pair now appears to be entering an impulsive fifth wave, indicating potential upward movement. Key Fibonacci extension levels offer targets at 1, 0.618, and 1.618 of the prior impulsive wave, providing concrete goals for the LONG position. The...
In the volatile landscape of cryptocurrency, my latest scrutiny of BTCUSD has highlighted a prime SHORT opportunity. The digital currency exhibits signs of a potential reversal, struggling to breach and hold above critical resistance levels, with price action forming a series of lower highs—a bearish indication. Technical indicators, including a bearish divergence...
Crypto Analysis (6th April 2024) BTCUSD Analysis on the 4 hour timeframe, price action pullback to the 4 hour Bullish Orderblock. THis is where price action rejected from and created a 4 hour Change of Character, indicating that the market is changing from a bearish pullback to a bullish continuation. In the image you can see that price action has been...
In the volatile landscape of cryptocurrency, my recent analysis of BTCUSD highlights a ripe opportunity for a SHORT position. The digital currency exhibits several bearish signals, including a failure to breach key psychological resistance levels and the formation of a double top pattern, a classic indicator of potential reversal. These technical indicators are...
Venturing into BTCUSD with a keen eye, I’ve identified a promising SHORT opportunity. Technical analysis reveals key signals: a break below support and bearish patterns indicating a potential downtrend. Additionally, overbought conditions on the RSI and a bearish MACD crossover suggest momentum may be shifting. Market sentiment and macroeconomic factors,...
Venturing into the volatile yet fascinating world of BTCUSD, my comprehensive analysis has led me to a decisive SELL recommendation. This stance is grounded in a confluence of technical indicators, Elliot Wave theory analysis, and current market sentiments that collectively suggest a looming downturn in Bitcoin's price. The crux of my analysis hinges on the...
Starting with the 1 hour timeframe, price-action is currently trading in a wedge formation below the 200 Simple Moving Average (SMA) RSI is also below 50 suggesting that bears are currently stronger. Let's take a look at the 4hr. With the 4hr timeframe we can get a better view of the wedge. RSI is below 50, and it appears price action wants to pullback to the...
Diving deep into the Bitcoin market with Elliot Wave analysis at the helm, I've uncovered a compelling narrative that strongly suggests a SHORT opportunity is on the immediate horizon. My analysis commenced with decoding the wave patterns that have characterized BTCUSD's recent movements, where I identified a complete Elliot Wave cycle, culminating in an...
Hi guy's this is my overview for BTCUSD, feel Free to check it and write your feedback in comments 👊 Some days ago price traded in wedge Where it bounced from support line and rose to resistance line If this post is useful to you you can support me with like boost and advice in comments
hello guys... I know you see numerous bearish analyses and signals but in the weekly time frame, BINANCE:BTCUSD bitcoin and Ethereum are still bullish! it is my long-term perspective (4 years) for Ethereum: let's back to BINANCE:BTCUSDT this coin after running so sharp made a knife-up pattern or a strong rally move and after that correct 33% of the last...
Hello Let's have an update from Bitcoin An important resistance zone has been reached. In the video, the bullish and bearish targets are fully explained But pay attention, don't enter until you get confirmation, and if it enters time correction in this range, the probability that it will move up is very high. Be successful and profitable
Hi guys In continuation of the previous analysis, which was placed in a pattern, we said that we will enter from any direction and we were able to make a good profit. Now it has reached an important ceiling and there is a high probability that a double ceiling will form and move down from this area. Wait for the confirmation. After receiving the confirmation,...
BTCUSD provided a short sell entry as the bearish flag breakthrough was followed by a break of the 50DMA. Following the ETF approval, there was a surge in distribution, indicating a local top. I believe it is time for BTCUSD to make a major pivot. I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And,...
After a long-term growth, it seems to need a correction and rest. It reacted well to the painted areas and experienced a fall. Support and resistance areas have been drawn that can react to these areas