Monthly/Weekly Support/Resistance for BTC in ichimoku indicator.
💡Bitcoin tried many times to break the 🟡 Price Reversal Zone(PRZ) 🟡 but failed every time. 🌊In terms of Elliott wave theory , Bitcoin seems to have found microwave 5 of the main wave C at the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the Rising Wedge Pattern . 💡One of the confirmation signs of our wave counting can be the presence of Regular...
🏃♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone. 📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure. 💡Also,...
D ear TradingView Community, B efore I delve into the analysis, it's important to note that I do not consider the current price level as the optimal entry point for a short position. While this prediction suggests a bearish outlook, the ideal entry points lie closer to the horizontal red dotted line. The suggested entry points are specific to my risk appetite,...
I can see an Upthrust coming and a lot of people would buy on this breakout. I will be Shorting here and looking to TP at 31.5k and 28.5k
(Update was made earlier but accidentally privated-copied my thoughts below at the time) Trade Analysis Update: Current Trend: Bearish momentum strengthen as the market closes below the 37660 support area. This indicates a more solid shift in market control from bulls to bears. Positions & Targets: TP1 (37300): Entered at 38100, influenced by hyper...
The market is boring. Unless new bullish news arrive be very careful. Major volatility will come end of the month and first when the fed speaks. This will further impact the market. Am keep it short. We still consolidating and now with this recent aggressive run up they gonna wipe out all the fomo buyers. ALL OF THEM right back to around $37150! Analyze as...
#BTC at the resistance and bearish sign appeared, please see the cycles
CRYPTOCAP:BTC broke out of the $38300 resistance level and is retracing it. Should this level now turn into support, we should head to FWB:41K relatively quickly. If it breaks down, expect more of the same sideways movement we've been seeing.
BTC has moved out of the falling wedge and the targets are on the charts.
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
I shared this position early September. i was able to predict the direction of the coin.
As we start the last month of 2023, which includes many holidays involving cooking and eating, I would like to reflect on how this journey has been much like mastering the art of a seasoned chef in the kitchen. ⏱ Timing is Everything: A chef knows that perfect timing can turn a good meal into an extraordinary one. Similarly, in trading, being at the right place...
Friends, look for a good set of shorts Don't feel left out of the market, we need correction to continue the process, the correction will start from these areas, there is a tough resistance ahead.
Bitcoin is currently situated at a crucial juncture, a point I've been anticipating for quite some time. Numerous bearish and retracement signals are emerging on the charts, encompassing traditional chart patterns, indicators, and ICT concepts. Let's delve into the details. In terms of traditional chart patterns, a rising wedge is currently forming on the 4-hour...
BTC - big chance for bull trap as BTC always DO Watch Full update
BTC did trap as we planned. How far can it drop? watch to learn
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few days ago price started to trades inside an upward channel, where it first fell below the 34100 support level, which coincided with the buyer zone to support line of the channel. Next, BTC rebounded from this line and made an impulse to the resistance...