Depens on the new whale effect bitcoin will increase max in 48H to 7800 usd.
ALL my before updates was right about the increase trends.
---> as it looks not possible,depens on the new data it will.
some times btc will looks to go down but in end trend it will breakout with huge whale effect.
The MX trend are now on MX-710.
--> huge breakout can come any time...
Complex corrective wavelength, Bitcoin once again made investors headache
Hello, have a great day
As we have seen bitcoin has tricked investors with long-term corrective waves with new price targets that exceed expectations and whose corrective wavelength is arguably the most complex of the correction waves: tripple waves. three
First corrected wave area: W...
Good morning all and welcome to my daily analysis of Bitcoin. Today I have the 4hr chart pulled up and I see that we have managed to keep our heads above 7k. But can this continue? Is a retrace in the cards??? Well it certainly can happen. But there are also some reasons to be optimistic. Lets take a look.
The daily 50 MA (in yellow) is proving to be tough...
Good afternoon, dear traders! We continue to move according to the given scenario.
I want to add that the resistance level is quite large. False penetration is not excluded. It is unlikely, but the price may go at a peak at 7800-7900$.
If you like my ideas please hit the like...
If the price breaks the resistance in the current range, we can take a long position
If the price corrects, we can consider the long position, but only after the correction is proven
It is better to enter the stairs step by step if we see the conditions ascending
Divide the capital into 4 parts
Buy one at 6900
Another in 7550 after the failure of the...
-Thank you for reading this idea! Hope it's been useful to you.
-Remember this analysis is not 100% accurate.Use it with your own risk.
-Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
For a number of reasons, we have hit a strong resistance.
My perception is that if we rally towards 7400 to 7600, we will have a BEARISH Div. implying this would be the top.
If we do drop from here or above, I think 6900 will be the next stop. If we lose this, then it would be bad or good for some, and go down to the 5800 range.
I am hoping we drop, so...
Given that my last idea is not playing out as anticipated. This is my take on current price action. I would caution people who are looking to buy the breakout to be extra careful.
My ideas are for entertainment purpose only and should not be taken as financial advice.
The BTC price has increased significantly since reaching a low on March 13. The increase has taken the form of an ascending wedge, which is considered a bearish reversal pattern.
It is possible that the price continues to trade inside this wedge until it reaches the next resistance level at $7750. If so, we can outline a five wave Elliott formation that would...