BINANCE:BTCUSDT experienced a drop from the resistance level, tested the support level, and rebounded successfully. The market continues to find support within the range of 60000 to 61000. Currently, the market is moving within a descending channel, but I believe it will break out and move upwards as the overall trend is bullish. There is a consolidation zone...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line. Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up. BTC rose to resistance line of channel and...
Hello dear friends, I hope you're all well. I'm currently working on refining my strategy. I want to remind myself and all newcomers of some key points. We all have some bad habits that need correcting to succeed in the financial market. For example, the fear of missing out(FOMO) on market movements is common. In my opinion, there are two types of FOMO: one...
🔮 #BTC Analysis 🌟As we can see that #BTC was following Falling Wedge Pattern in 8hr time frame Currently #BTC is trading above its major support area. Broken out of partern could lead to a bullish rally📈📈 🔖Current Price --- $61324 🎯Target Price -----$71952 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical...
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Bitcoin will go higher in this week. So we have to be patient for Monday London killzone. Look at the PD arrays. everything is buy signal. I think 65500 is our mid-term target. GoodLuck
Hi. BINANCE:BTCUSDT ✅Today, I want to analyze BTC for you in a 9h time frame so that we can have a short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ✨After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) and now he has reached the...
Rising wedge bearish pattern has formed on hourly chart, and a breakout is underway to mark a highly probable bearish trend. The trend will either stop at the base of the wedge in the zone 64665.70 ~ 65033.72 USDT or continue to the previous support zone 62590.06 ~ 63355.54 USDT. The major trend is still bullish signaled by Fib-EMA cross over between fib 55 and...
The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT is currently forming an inverse head-and-shoulders pattern, indicating that the market is still in a consolidation phase. The price is currently ranging below the channel's upper border, which I believe is a sign of accumulation. This accumulation will likely lead to a breakout...
Hello TradingView Family / Fellow Traders, 📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher. What's next? For the bulls to maintain control, a break above the structure marked in blue is needed. 🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be...
BINANCE:BTCUSDM2024 Although there is no indicator for market shift but the demand zones for 4h time frame may indicates that Bitcoin may break through the downwards regressive channel if it stays above the demand zone
✅ As I expected , Bitcoin reached the 🔴 Resistance zone($65,700-$67,520) 🔴. 🌊According to Elliott's wave theory , Bitcoin is completing wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈Looking at the Market Cap USDT Dominance% (USDT.D%) chart , I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the...
Hello, Skyrexians! It's time for monthly Bitcoin analysis. We decided to make it for you because there are a lot of bearish analysis among the influencers. Some of you are panicking with every local red candle. Let's decide if it's time to panic or not (spoiler - not)! From our previous overview nothing has been significantly changed. Bitcoin is following our...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Will this be the last drop? We have to see To continue the climb, it is better to reach the price of 52000 My opinion is that the price will drop from here and maybe the last drop
he price has finally hit the daily resistance DR1 and that triggers my short trade idea from there. I think the price will pullback here towards low timeframe support LTFS1. Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
In this analysis, we observe a parallel channel with a range low of 58,576 and a range high of 73,881. On May 1st, there was a drop below the range low (failed auction), followed by a reclaim on May 2nd. By applying a Fibonacci retracement from the May low to the all-time high (ATH), we see a rejection at the 0.5 Fibonacci level on May 6th. Later, support was...