In Weekly TF, Descending Broadening Wedge Upside Breakout Already Done, Retesting in Process 🔁
In Case of Successful Retest, Be Ready for Another Bull Run ✍️
Daily Timeframe Analysis
Daily Candle Closed Above the $50,000 ☑️
Now, Bitcoin Bulls Need to Reclaim the MA128 (52,6k) & 53k Horizontal...
Two strong support zones formed here first one is near 0.5% and 0.61% Fiboancci and the second one is the 40K daily support zone.
if the price manages to break these support here then the market is extremely bearish and dump is expected else we can expect range and rises here like green paths mentioned on the chart.
The main resistance zone is near 55K and if it...
here we have daily descending channel for Bitcoin and with more focus we can get that price close above the descending channel
here we expect more gain and pump at least to our channel resistance line ( 53000 )
if the price breaks the resistance we expect sharp gain too.
this is not financial advice, always do your own research.
If you have any...
at highs we saw 2 fake out breakout/long traps on bitcoin, now at the lows we are seeing a short trap, similar pattern to the one we saw at highs!
Watch for a move back above trendline support then bulls have complete control once again!
price targets are 53000,60,000-57.500
goodluck! like and follow for more 💘
Hello Traders I hope you are well and safe. Today am Discuss #BTC/USD For Short.
Here is a Full Analysis of #BTC/USD. When price Test Supply Area then the Nice opportunity for short.
If you have any query then leave a comment.
Thank you Traders For your Support Like and Follow.
On weekly, daily, and 4-hour timeframes, Bitcoin has a good response to its long-term trend and the situation is becoming positive. But the risk is still not eliminated, and there is a possibility of going back down again. Do not rush to re-enter; BTC's will create secure points soon. In this case, only reduce your volume if you have this cryptocurrency to...
BTC is challenging its trendline resistance. Last Saturday, BTC dropped hard during the forex market holiday. But it has almost recovered. Last Saturday, BTC dropped from the $56000 price zone to the $42000 price zone.
$52000/53000 was strong support before it dropped. Now BTC is challenging its trendline resistance $52000/53000 price zone. So, breaking above...
BTC is currently approaching the major trend line (black line). A breakout of this major trend line will bring us to ATH and beyond.
First, let is break the resistance at 53k (orange line).
Good luck all.
BTC is forming expanded flat in Elliot Wave analysis .Expanded flat is a corrective wave pattern with an extended wave B, which reaches higher than the start of wave A. if head & shoulder complete , we go to end of wave C .
MA5 is moving downward and has crossed the MA10 and MA30;
Bollinger Bands are narrowing and moving upward;
KDJ and RSI are moving upward;
Continue to maintain the downward trend;
MA5 is moving downward and has crossed the MA10;
Bollinger Bands are moving downward;
MACD runs below the zero axis;
The long/short ratio of BTC...
Good morning peoples,
One of the mods didn't like my btc update post from last night, and took it down. Still not entirely sure why, he's never even responded to me.
Btc is currently in a daily squeeze, and it's pushing through every technical level I had envisioned for it. This is common during corrective phases, as the market works it's way up...
I'm posting my 2-day predictes for BTCUSDT in a micro vision with Short and Long major reversal points as I expecting for now. A Fibonacci Retracement range of 78.6-50% from the supply zone, which a right shoulder Is very predictable, we can see consolidation movies and this Is not a buy zone. Next part II will a macro vision of a BEARISH XABCD '222'...
Bitcoin over 50,000$ again.
After yesterday's funeral and with many feeling like headless chicken we have a better situation today.
Friday is Inflation data in the USA (CPI)..
The fundamentals have not change. bitcoin is (to us at least) the Hedge against inflation.
Keep in touch and stay frosty!