I believe btc will fill the imbalance area and if it breaks the 0.618, further down is likely. This is consistent with liquidations, which I will post in the update. Please, read the updates for possible invalidations and subsequent change of course. Being agile is important, nothing is 100% and as LUNA taught us all, fundamentals do matter as well such as...
Happy Friday, Dear Swing Traders!
Indeed, the 4th of May 4-hour trap might be now the key one not only in terms of the nearest target but also concerning the end of a whole cycle. As we can see, we've got the true break of a massive correction channel to the 1st, we assume, knee of a "flag", the length of which - 36000 dollars. The price broke the lower border...
Bitcoin has managed to form a bearish flag, and is now in the accumulation area to return to normal.
It is estimated that the accumulation area is at $20-$31k, which occurs a maximum of 3 months from now. And after that, bitcoin has the potential to go to the moon.
During this accumulation, you must be smart in money management so as not to be overwhelmed when...
The zigzag movements in the channel have now come to a standstill, it received a weak reaction from the ob on a daily basis. The investors who entered short in the 51 region need to be liquidated, the longs in 29 must be cleared, the wedge formation structure that decreases in the small time interval draws attention
I don't give investment advice, just choose down...
The end of this month and this week is likely to decide the future of bitcoin and many other cryptocurrencies for the rest of the year, either for good going up to above 80k USD or for worse below 15k USD.
Ok guys, this is not science, rather art.
But if we use a weekly range for the RSI it seems we are reaching bottom.
May 30th (ish) would be the worst and the upwards, breaking towards positive on July 18th (ish)
Hi dear ,
There is lots of thing we can talk about we will go for lower level but must power full is FED so this is my levels for investment for long term (more than 6 month )
On Daily Time Frame Bitcoin is forming a Double Bottom and I am Going Long on it. My Target will be at least 57500. DYOR before taking the trade. Thanks
This is my unbiased observation on #Bitcoin price move as seen on the lower TF (4hrs) and the higher TF (Daily).
As seen on the chart: The 4hrs TF clearly shows a Bullish flag Pattern has been boldly printed which signifies an upward move in price to the $48k - $50k region.
Moving onto the Higher TF, a large Bearish Flag can be boldly seen printed on the chart...
It seems a falling wedge has formed within a megaphone pattern. I think this looks very bulllish, let's see if we can get up to $45k and have a breakout.
Bitcoin in daily TF formed a Falling Wedge.
Support Zone: $38,000 is holding good
Waiting to see bulls control and break above falling resistance trendline.
Expecting +20%
Send it to: $47,000
Happy Monday morning, Dear Swingers!
The latest shallow retrace to 50% coupled with the relevant bull trap on top have given us the confirmation of the nearest goal of 30K (small ovals in blue & big ovals in black). The lower border of the broadening wedge needs touching by the price before we will be able to see the continuation way. One can safely say that once...
BINANCE
