BTC UPDATE: BTC break out trendline today. BTC is good now. Wait for buying BTC at 32600 - 33000. Target in short term I told many times before is about 39000 - 42000
#BTC 7% up on a few hours is cool but still lot to prove on the big picture a break above ~36k and a flip to look for a potential HH could really make an impact on the overall structure good news is ~30k hodled the second week that retested it over the last 40 days $BTC
I'll keep it as simple as possible,if we get a 4hr close above $33,420 i'll be re-entering BTC for the next move up
Hello Bitcoin update 21.06.2021 I still follow my previous analysis. We touched support line of triangle Inside the triangle I see falling wedge pattern RSI-Oversold Fear and greed index - 23 (Extreme Fear) We shorted last down movement And I see good level for swing trade Best regards EXCAVO
The first 29 June timeline (red line) marked on the chart is our most important timeline, which is likely to fall, and I expect a lower floor to occur in this timeline. The second 3 Jul timeline (black line) It is not yet clear how this line works, but if the previous line forms a lower floor, this line can be bullish. Take timelines seriously
BTCUSDT | Analytic the Chart | Short Term
We can all agree that Btc is about to finish this Sub-Wave 5 to complete this Wave (A) ---------------------------------- Wave (A) target: 28,000 wave (B) target: $47,000 previously: ps. i post quite a few scenarios, and i slowly eliminate the ones which get invalidated, eventually finding the right one.
Bitcoin's recent moves are very similar to those of August 2020, but similar charts don't necessarily follow the same trend. In August 2020, Bitcoin was in a platform breaking trend, which is similar to the current trend. It is also the 5-wave correction of ABCDE, and then began a new upward trend. But the two market, there are also some differences 1. Average...
If we assume that bitcoin just experienced a "Wyckoff Spring" and is in the middle of Wyckoff Accumulation then this is a way to visualize what may happen in the coming days/weeks. Conversely, if bitcoin is unable to remain above the new low (the "Spring"), then this schematic is invalid and is likely re-distribution and significant downside remains. Stay flexible...
fairly clean setup, golden zone pull back from this little move recently, about to retake the support of the bigger wedge we're in; poised for a move up to about 40k. i do believe we drop once more after we reach 40k, to make a lower low before the bigger move to 118k. previous post:
Very important moment for Bitcoin. On a daily, the market is currently trading in sideways. The price has formed a wide horizontal trading range. Bears are testing its support at the moment. Here are two scenarios for you to follow: Bearish. In case if the price breaks and closes below the underlined support of the range, many buyers will lose confidence...
Bitcoin Desperatley needs to hold this above these two averages. A couple more closes below and I believe the algos start selling hard.
seems to be a rinse and repeat situation.
I posted this line past week, don't remember when :). But more important, even though alts looked weak again today (posted some things earlier today about btc and alts), ETH might be weak because its against that resistance line. Mentioned it in the past, curved line are always subjective, but it does look pretty legit to me. Now, when price stays like glued to...
WAIT FOR BUYING BTC AT 2 LEVEL: 33K AND 31K NOW EVERYONE. IT'S GOOD NOW. TARGET: 40K-41K