While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now).
We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone).
If everything plays out nicely, we will see a very nice downward movement, for sure!
Swallow Team
Btc The technical picture now is more bearish as the decline from the 20-month high reached two weeks ago has continued, with the price trading above the big round number at $40,000 and breaking above some resistance levels which have now likely flipped to become resistance.
Despite this bearishness, over the past couple of days the price has firmed up and...
despite recent bullish momentum, we are trading within the original bearish wedge, and it looks like we are printing an interesting 2 week candlestick pattern right as the wedge pinches together. rsi is at 75% (highest since 2020,) indicating a reversal coming soon, i anticipate we will retest the ribbon wedge area around 28k, and then we will see how this pinch...
Morning folks,
So, BTC was not strong enough to form H&S and just collapsed lower. Now finally we get patterns that could become a starting point for pullback.
Here is 4H 3-Drive Buy pattern that has minor reverse H&S on the bottom. We suggest that it is possible to consider long position because now it is accompanied with reasonable risk.
We see 45K level as...
The effect of the Bitcoin ETF is taking place now and we can all see the effect of this news. The Bullish movement has begun and i do not expect any further low happening in the market.
Also, the Bullish LUFTWAFFE has formed as we saw the luftwing candle and this is the beginning of the first wave luftwaffe.
Let the buys begin....
CRYPTOCAP:BTC has now formed a 2hr bear flag and is trading under the 50 EMA . Looking for a retest or break above the 50 EMA. would like a break of the flag and retest of 38.5K to form a double bottom or break above 40.6K to retest 41.8K
Currently BTC is still in a bearish movement. After tapping into supply and also fibo level 61.8 at around 48000 BTC dropped deep. In my opinion btc bearish move is not done yet.
40677 is the current strong support. If this level breaks we need to more sells, because btc will drop to around 38881 demand level. FOcus on the yellow resistance and support...
COINBASE:BTCUSD BINANCE:BTCUSD Its in the zone!!! The big move zone ....a retest of 42k can become the launchpad back to 48k and into the ascending broadening wedge it fell out of..worst case scenario we dump to 37k and hope to bounce there...
✅BITCOIN broke the
Rising support line
And the breakout is
Confirmed soI think
That a further move
Down shall follow
SHORT🔥
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I'm thinking that BTC gets a relief rally from the 100 day ema (yellow line) to $4400. After that we grind to to about $3200 for a healthy retracement to a historically significant level. The $3200 level is also a current confluence of a 50% retracement from that $4900 area and the trend line from the bottom. From there, I'll be expecting to get back into that...
The Hourly rejected a daily P.O.I and trend upwards but the M15 is Bearish and recent rejecting a decisional P.O.I with the M1 confirmation i might take sells if i get confirmation
There is no much to say or I don't want to describe too many things like the same patterns from 2014-2016 and today's. The same fib lvls. The same lvls of support etc, you can simply see that things on the chart if you want to see them and not just read some guide-signal trade. The chart is reversed cuz there is easier to see the way from that view.
So, the main...
Appears to have completed wave 3 of 3 now in 4 of HTF 3 with a ST target of $43-$45K as wave B of sub wave 4 . Then we finish the entire move around $35,000 Feb next month hitting the 50% retracement level of the 3. Which is a typical zig zag retrace level target.
What you are seeing on the picture is:
- White Vertical Line = Past Halving and Coming Halving
- Green Line = Approximate Next ATH Month
First BTC Halving took ~365 days to reach ATH;
Second BTC Halving took ~518 days to reach ATH;
Third BTC Halving took ~335 days to reach ATH.
The median based on the last 3 halving is around 400-450 days after halving to...
