This is also a complementary analysis to our latest ETH analysis on Daily chart.
If the current wave (wave 3 of 5) to be constant, we can estimate the breaking out of the ATH (as the major resistance) and formation of a new ATHs on 5th wave rally.
Have a profitable trade.
The cryptocurrency market, especially bitcoin, is well-known for its uncertainty and high volatility. In our analysis in late August 2021, we successfully predicted the price corrections of bitcoin for the $44-$42k channel.
Corrections are necessary for any dynamic market as they provide investors with the opportunity to re-enter the game and take profit from...
This is a possible scenario for BTC price correction to $42-43K support line.
This is an idea, however it depends how BTC price will recover its path to break the $50k resistance zone!
The timeframe of 30 August to 15 September is very important time for Bitcoin.
Thanks for your likes, support, and sharing your comments.
In this scenario we have considered the formation of the Crab pattern for BTC/USDT on the daily chart.
The recent correction which led BTC price to fall below $30K price level can be considered as the formation of CD leg of Crab Harmonic Pattern.
In the meantime, a round bottom formation for BTC is going to complete. Necessary to note that, BTC is yet in a...
During these days we are hearing about deep corrections and the predictions based on the S2F model. Therefore we decided to check the possible scenarios in the long term.
Today we have seen that after a long time we had a Death Cross on the Daily chart, however, since EMAs are lagging lines, and especially 50 and 200, we don’t take it so serious as it should...
During the Current uptrend, we considered the possibility of formation of a Head and Shoulders (HAS) Top.
If the formation fails, still we are hopeful for breaking the ket resistance in the way of the trend, otherwise, we may have a correction to lower levels.
Once Looking at the chart may be other patterns form and if any change we will share here with you.
Here we come with an idea that after a long time, Bitcoin could successfully start a bullish trend starting from Jan. 2020 by successfully breaking up the last trend ATH (as its major resistance). The proceeding month candles also confirmed the bullish trend. However, like every trend, this trend also faced with major obstacles which is natural. No Bullish trend...
Hi
Today at SynchroBitTeam we come to analyze the idea of possible correction of BTC price to $30K Resistance Zone!
As per chart, we have recognized the Cypher Patterns on the trend.
The trend suffers from an inherent resistance zone and attempts hardly to break it out, however, due to the low volume during these days, breaking this resistance may be hard or...
In this analysis, we have considered the following assumptions:
1. The major bearish correction started from ATH to $30K also had affects on two passive daily candles to terminate the deadly resonance wave of that fall.
2. Since 23rd May 2021, market has started a new trend, aiming the recovery of its bullish trend. Therefore, The pinned candle on 23rd May has...
In this forecast, we have used a "Symmetric" Approach to the recent movements of BTC/USDT pair. Since the fluctuations indicate a singularity in their trend angle (by -14 and +14) at both support and resistance, we adopted this approach. The analysis represents four strategies for high velocity and low velocity bullish and bearish markets. Despite of the unknown...
