Bitcoin seems to be forming a complex corrective structure, and a bearish scenario from the 🔴resistance zone($28,900-$28,480)🔴 is still possible. Also, it seems that the new corrective structure that Bitcoin started yesterday will be the expanding flat(most common/3-3-5)corrective structure. So I expect Bitcoin to drop at least to the support line. ❗️ I shared...
NOT a financial advice Ideas: LONG from previous high SHORT from Saylor's average buy price COINBASE:BTCUSD BINANCE:BTCUSDT BITMEX:XBTUSD.P
It seems that Bitcoin has managed to create a descending triangle. I expect Bitcoin to fall at least to the support line after breaking the lower line of this triangle. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea,...
Bitcoin is doing the same as always, regardless of any news like mount gox selling thousands of btc or other fud news, however its forming a harmonic pattern right now, clear as the blue sky. It would be risky to tell anyone to short it back into the right shoulder and then using their short profits to open a big long to finally close out at those juicy 30k+...
Despite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - new small falling wedge (dashed lines) - historical technical supports (Price, MACD, Disparity index) - blue pill (Hash Ribbons indicator) - bottom...
Bitcoin is on its way to completing wave C of the zigzag corrective structure. The end of wave C is most likely in the 🔴resistance zone($28,900-$28,480)🔴 and most likely in the $28,720-$28,890 range. After confirming the end of wave C, Bitcoin is expected to finally fill the 🔵CME GAP($27,505-$27,465)🔵 and reach the 🟢support zone ($26,980-$26,580)🟢. ❗️ Note ❗️:...
Bitcoin was able to make a head and shoulders pattern on the 🔴resistance zone($28,900-$28,480)🔴. I expect Bitcoin will fall to fill the CME GAP($27,505-$27,465)🔵(at least). Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my...
Just a quick idea The volume is dropping slowly The price seams not to push anymore It’s between the 2 lines
Despite the FTX affair which caused a new bottom, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index, RSI) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) -...
Bitcoin is trading within a horizontal trading range. Its resistance has been reached recently. I will expect a bearish movement to the support of the range. Due to the fact that the markets remain very weak, probabilities are high that Bitcoin will keep consolidating. ❤️Please, support my work with like, thank you!❤️
It seems that this growth over the last two days was in the form of the wave 5 impulse of Bitcoin (see the post below for more information.)👇 The end of wave 5 on the Important Resistance line (Weekly TF) was placed and was accompanied by a bull trap; Bitcoin's strong reaction to this resistance line shows us the importance of this line. 🔔To confirm the wave...
In the last 24 hours, Bitcoin grew by about ➕7%, but this growth was accompanied by a small volume, and the regular divergence(rd-) between price and volume can be seen well in the volume indicator. Also, the current 4-hour candle is in Price Reversal Zone(PRZ), Time Reversal Zone (TRZ), and 🔴heavy resistance zone ($32,400-$28,120)🔴; I expect this candle to...
Bitcoin has been relegated in the last market by a conjunction of events related to the large frauds that have permeated the cryptographic market driven by an insane level of credit available between 2020 to 2021. This has led to a hyperbubble of all kinds of assets, crypto had to go through a purge similar to that of 2014 and with events representatively similar,...
Bitcoin is consolidating after a sharp bullish rally. The price is coiling within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish If the price breaks and closes above 28950 on a daily, I will expect a bullish trend continuation. Target will be 31000. Bearish If the price...
As you know, Technical analysis has many complex tools; today, I want to analyze Bitcoin using the simplest ones, such as trendlines and classic patterns in the weekly time frame. If you take a look at the chart closely, you see two patterns in the Bitcoin chart: Double Top Pattern Inverted Head and Shoulders Pattern Now let's see which of these...
To complete wave 4, Bitcoin has created a Double Zigzag Correction structure inside the ascending channel and support zone ($26,980-$26,580)🟢. The end of wave Y can be above the upper line of the ascending channel and 🟡Price Reversal Zone (PRZ)🟡. I expect Bitcoin to reach the lower line of the ascending channel and most likely break the channel down. If you...
If you look carefully at the Bitcoin chart in the 4-hour time frame⏰, we can see three classic reversal patterns(at the same time). The first pattern is Symmetrical Triangle pattern 🚩, which in general, the continuation pattern can be used as a reversal pattern in some cases (for example, right now 😉) The second pattern is the Diamond Top pattern 💎. ...
Today I want to show you how to get Bitcoin to the support zone using 🌊Elliott's Theory🌊. Yesterday I showed you the way to the support zone using classic patterns.👇 It seems that Bitcoin is completing the 3rd wave, which is extended. The end of wave 3 will be below the 🟢support zone ($26,980-$26,580)🟢, and since wave 2 had a price correction, we can expect...