The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Greetings, astute traders! What's your take on the BTCUSDT trajectory? This digital currency has once again caught the tailwinds of resurgence, rebounding robustly from last week's sharp correction. It appears BTCUSDT has embraced momentum after a strong show of support by the Bulls at the $61,000 frontier. Furthermore, a price uptick followed a successful nod of...
Hello warriors! Today, BTCUSDT is showing signs of a slight decrease. On the 1H short-term chart, it has broken below the $64,500 support and the EMA 34 and 89, reversing the trend and creating favorable conditions for the bears. Therefore, our priority will be to sell, targeting profit-taking around the $62,000 - $61,800 range once the current accumulation phase...
I analyzed a lot of fractals and came to the conclusion that you see on the chart now, that the next month - May as well as April will be red for bitcoin, and only after that growth is possible. Be objective bitcoin has been growing for 7 months, now the first month will be red, and most likely the next month will also be red. It may be hard for altcoins, but...
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary. The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
Hello friends! Currently, BTCUSDT is still continuing its recovery trend, with prices above the $66,000 mark. Specifically, it is trading at 66,730 USD, up 0.47% on the day, and the uptrend is still popular with medium and long-term investors. Observations across different time frames show that BTCUSDT is making significant progress, with a promising bullish...
Hello everyone, what are you thinking about BTCUSDT? Today BTCUSDT continues to trade stably around $ 64,400 and there is not much change in price compared to yesterday. Accordingly, this coin is still in the trend that is beneficial for the seller when it has not been able to overcome the $ 64,500 resistance as well as the EMA 34, 89 still producing discount...
Today, BTCUSDT continues its downward corrective movement, trading around the EMA 34 and 89 lines, currently hovering around the $63,790 mark. My trading idea for BTCUSDT is as follows, with parameters marked on the chart: Sell BTCUSD: Stop Loss (SL): $65,000 USD Take Profit 1 (TP1): $62,100 USD Take Profit 2 (TP2): $59,700 USD. Please note that this is just a...
Hello dear traders! Today, BTCUSD continued to recover from last week's chaotic fluctuations. The price has remained stable within its trading channel and has shown an impressive recovery after approaching the lower boundary of the channel. At the same time, a bullish flag is gradually forming. Theoretically the price will quickly break the upper limit of the...
👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
Hello dear traders, what are your thoughts on BTUSDT? Today, Bitcoin has shown signs of growth, starting the trading day around $65,500 and has recovered by 1.14% up to this point. Bitcoin found support at the $60,000 level and has initiated a new upward movement. BTC has successfully breached resistance levels at $62,500 and $63,500. Bullish traders have even...
hello guys... do you think it is a crown pattern?! I know the D and F waves didn’t finish at the same level, but I suppose we can ignore it! if it is this pattern we can assume this coin wanna touch the 52k area! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer...
🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame . 🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and...
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
Hello dear traders! Overall, BTCUSDT continues to stabilize below the $65,000 resistance level without too much movement compared to yesterday's trading session. At the same time, a cup-with-handle pattern is gradually forming on the 1-hour chart, indicates that a short-term correction is imminent, expanding the reach of short-selling investors into this...
I am shorting bitcoin based on this technical analysis shown. Weekly bearish trendline (currently underneath the trendline) - 65,750 to 66,200 entry - Stop Loss approximately 66,800 to avoid a liquidation wick. Based on this TA we look to want to hit a bullish retest at the bottom of the bearish pattern - approximately 14,000. Other levels of interest I have...
Hello dear traders! Overall, the down trend of BTCUSDT continues to form. A flag setup is gradually forming on the 4-hour chart. Theoretically, the price will quickly break the current market structure and correct further. This can generally determine the medium-term potential. The price is testing the 0.618 and 0.5 Fibonacci levels equivalent to the $64,801 and...
🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...