Bitcoin | A Combination of Head and Shoulder Patterns
In this example, I have shown a combination of Head and Shoulder Patterns.
They are on the opposite side of each other and trading them becomes a bit tricky.
However, the bigger picture and the bullish momentum can move the price higher again.
I am focused more on the bullish scenario for many reasons but...
After the recent powerful momentum of the fall, the cryptocurrency market has moved into a phase of consolidation. This is a terrible time for newcomers. This is the time when those who didn't make it during the fall lose money.
What is the problem? The lack of a dominant side and poor technical analysis. When there is no clearly defined trend and trading...
Hello my friends, today I want to talk with you about BTC .
Already more than one week bitcoin trades in range 28600-31100 USD
Few hours before price bounced from support level 28600 and now trades in middle of range around 30k USD
I think soon price will go to resistance level of range 31100 USD
After this we can see small range movement below resistance...
It's been a little while since we looked at Bitcoin. Our last analysis we were SHORT on Bitcoin until the 30k level which we've now hit (See linked post)
We are in a Flat Correction which is a 3 wave pattern made up of 3 (A) -3 (B) - 5 (C) waves. It appears we're still within Wave C, which is made up of 5 waves. We are currently on the 5th wave, which is also...
In my previous BTC analyses I've been predominantly bearish. However, that doesn't mean that the bulls stand zero chance in the near future.
When we connect the 2019 top with the 2021 top via a parallel channel, we can see that we're closing in on the bottom support of the channel. In my view, this is the last chance for the bulls to stop us from falling below...
Bitcoin has been in the worst bear market ever, with 7 weeks closing red.
We see no bulls around; prices remain trading below EMA10.
As we mentioned before, it is likely that prices go lower before we see green again.
Thank you for reading.
BTC was in a symmetrical triangle but since than a bearish break out has happened and now the price is right now is at the bottom of that triangle (around 30k). So this is like the most important support ever for bitcoin,if it's gonna BTC is done for good.but if we consider the expected movement which is (AB=CD).THE PRICE HAS A GREAT CHANCE TO REACH 21K. The...
The local trend (part of the secondary trend), the reversal zone from which the further development of the secondary trend depends. All shown on the chart with a description.
Short local scenario.
Working with a breakdown/rebound depending on your trading strategy and what kind of trader you are.
If price fails and consolidates under the 28,666 level—short...
Wall Street Opens Lower on Weak Retail Earnings and Rising Jobless Claims. Wall Street opened sharply lower on Thursday after more disappointing retail earnings and data on unemployment as investors weighed the effects of inflation on the American consumer.
As we had mentioned earlier today, employment data will be key, so the news are pretty bad:
Here is our...
We saw a beautiful bull trap by marketmaker. Today we may see another. As it's been for a couple months already, marketmaker is really savage and squeezes last onze of money from the market.
I expect to see new range for next days, the channel is pretty clear.
Locally we could trade alts in the direction of btc bounces inside this range.
Globally we still look...
Bullish shark, waiting to complete C leg, price around 23k-19k. In addition to that there is Orderblock around 18-19k and in 1hr tf there's bearish bat that might formed waiting for D leg. For now I'm just waiting weekly tf to oversold (rsi).
good afternoon peoples,
btc isn't looking so hot (yet again).
was hoping for enough momentum to come into the market for the move up which i talked about yesterday, but the momentum never came.
currently seeing about 7 bearish signals on numerous timeframes, which indicate short term downside in the days ahead.
still looking for that move up, but it'll...
Hello, community members welcome to this BTC/USDT 4hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As I mentioned in my previous 4hr chart update BTC moved really well till now.
In current scenario BTC...
There are a lot of fear on the all markets: traditional and crypto. I heard a lot of opinions that the Bitcoin is going to crash to $20k very soon. It looks like that most of traders capitulated and now wanted the price to go lower to buy. But this is how the market takes our money. Yesterday I told you that it is not the time to wait for the...
bitcoin will be at 10k by the end of 2022, i am too annoyed to explain why, but it's obvious anyway. sell the ponzi buy it back cheaper ya? Buy a year worth of food supply for global economic crisis. You can't eat bitcoin.
It looks like we shouldn't have a day off again since the rebound was halted in a brutal way and new worries arise in the name of 'Stagflation'.
''The Global Markets are worried and a new sell-off is in play which makes things difficult for Bitcoin as well.
Ben Bernanke Sees ‘Stagflation’ Ahead :
The former chairman of the Federal Reserve has a new book out...
Hi, Bitcoin wants to complete its main wave 4 by Double three Correction. It was able to pass microwave W & X with Zigzag Corrections. The Structure of microwave Y can be Flat/ Triangle / Zigzag. Also, I tried to show you the targets of the end of microwave Y or main wave 4 in my chart.
Bitcoin Analyze ( BTCUSDT ) Timeframe 1H⏰
Where is the end of main wave 4...