Bitcoin Price Prediction March 7 This is our own analysis for the pair BTC/MXN on the Bitso Exchange
Trade ideas
My first tech analysis 05/03/2021I took a few trading courses and this is my first analysis where I was expecting bitcoin's price getting dropped in order to make an hypotetical short strategy. The profit area is marked by 0.5 and 0.618 Fibonacci's POV. Also I defiend my stoploss through the Parabolic SAR in case something goes wrong.
First Rally up to Fibnacci's EXPANSION 1.168First Rally up to Fibnacci's EXPANSION 1.168 then Fibnacci's retracement down to 0.618. This is a TESTED SUPPORT.
Impulso Alsista marcado Posibles impulsos alcistas confirmados, momento de invertir.
Chequen el Ichimoku
y los las resistencias, si rompe la resistencia va a irse sin parar hasta la proxima parada historica.
tengan en cuenta el endurecimiento de la moneda del Halvin
Asi como que el Dollar y muchas mondas en el mundo estan siendo emitidas en cantidades historicas.
Posible retoceso de 4k a 6k pesos.
Is this a clear path for BTCMXN?I would say no actually. The chart does not review too many signals, however, using two peaks to build a Gartley pattern still makes sense here. Now let’s see this pattern, first I have to say that some moves do not accurately fit the Fib levels. I still consider it a Gartley pattern. As can be seen, the point D is just the last point, which is also a breakout. You can see that some candles break out from the lower band of Bollinger bands.
So are you persuaded by the pattern?
If not, you can take a look at the RSI and MACD lines. Those two lines are going down now. Don’t worry. The blue line of MACD is already going up now and could form a cross in the near future which is a signal of an upward trend.
In conclusion, let’s expect the price to go up in the near future, and we are just at the support point.
Short BTC for a whileNot breaking the downtrend triangle made over months. Not for now
We can see the RSI is on overbought levels, and the Momentum is almost at sell. Im short, in short term waiting for a signal to buy at a lower level. We also can see a divergence on the RSI and the price downtrend.
BTCMXN 1hr scalp, rr 2.4 ( or exit w/ 5min supertrend?) Bounce from strong support at triangle bottom, OK CCI numbers on 5min, 15min, 1hr. STO agreement.
TRIANGLEThis is a correction from the last post, hoping to see a breaking above for a price pump, if not, we will be seeing a downtrend till the down part of the triangle
BTC/MXN Bitcoin PesoMis 2 escenarios de BITCOIN. En ambos casos a mediano plazo voy al alza, solo estoy en espera de confirmar si es triangulo (para que se de la ultima corrección) o si ya se va derechito al alza.
Ya veremos..
Bulls can take control again! If the pattern follows the same trendline, it may be possible to see a reversal from the $187K to the $224K. This week will see important activity, will see clearer if bulls lost the battle or not.
Im all the way upTo the moon, we are now in the perfect level tu buy and go all the way up. Our RSI is in our lower levels, overselling, 4H, so we must buy.
We are also in a descending triangle, and riding the 5th Wave, Long therm, and 3rd wave medium
Up or Down? You tellWe can see a descending triangle formation. We expect to see a surge in prices when it breaks the triangle up, patiente
Lets ride Fifth wave. Just a minor correctionWe are rn in the fifth wave, experiencing just a second minor correction. Expect to go down until 217k MXN. Then all the way up to 260k MXN.
Downside, making a big flat. There's a possible flat in the making. No matter what kind of flat, could be a expanding flat, or regular.
Just expect a downside move.
Just a little correction hereWe are going to 205k, you heard it first here. Then we are going up to the Elliot wave n.5 Just wait after the halving occurs
Halving, here it comes. Elliot WAVE 4 CORRECTIONAnalyzing fibonacci and last highs, the price will possibly have a correction to 205,000 MXN, creating the wave 4, then surgin onto wave 5 up above 270k MXN. This maybe after the halving passes.
Triangle trap, is the BTC PESO will yield 25%?BTCMXN is entering a trading range consolidation with potential of long position on the short term.
