#bitcoin #btc is now testing the former support zone , now the resistance zone. This is the bearish retest of 52K or bounce to 62K? Ascending channel is bearish but the short term structure is neutral. Neither strong nor weak.
Bitcoin Monthly House of Pi range for May 2024 using Sacred Geometry-Fruit of Life by @dgtrd as the blueprint, along with Circular Fib, to identify overall Pi range and Regular Fib w/Pi & Phi to find monthly Higher and Lower Pi Pockets. Dollars above as below as always.
By closing daily candle below the IDM liquidity in BTC daily timeframe, we can expect that price falls down to touch the desicion point orderblock at 54900. After that it should create any confirmation for buy. But if price goes below the DP (below 51000) then it could fall down to reach ENG liquidity and Extreme OB at 41870 and 40300 and then raise up to 73853...
We lost that support and now the next major support is important as it will identify if we are still in a bull market or if this rally is winding down. I did expect to see BTC at around $80k+ on this rally and we did not reach it yet so I am hopeful that when we hit this next support line, it will be the end of this pullback and we continue back up in this bull...
The leading diagonal pattern is very similar to the ending one. It consists of five sub-waves, labeled 1-2-3-4-5. Its first wave is usually the longest, while the third wave cannot be the shortest among waves 1, 3 and 5, and waves 2 and 4 are always corrective. Waves 1 and 4 should overlap. There are, however, few notable exceptions. First, leading diagonals occur...
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Fibonacci resistance comparisons since ATH (purple) and previous high at ~$29k USD. Expecting pump to at least ~$25k USD. Start of pump estimated from 4th to 8th of July 2022.
Bitcoin for Short Lower Prices. As expected based on previous chart lower retest was missing. Now we can continue. Numbers are pretty much same as previous few decimal are added due to new retest data! $62,812.7 $62,935.9 $62,998.9 $63,188.8 $63,971.8
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
#BTC descending channel. Price moving inside the descending channel. Now we got bullish divergence on 4h. I expecting bounce down from resistance.
Bitcoin Short Trading overview and strategy for accurate execution!
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the 4-red wave has concluded, and the 5-red wave may be poised to resume and push higher. In the short term, the outlook indicates that the (i)-purple wave has recently completed, and the (ii)-purple wave unfolded as an Expanded Flat correction, which has just ended....
Bitcoin Is Forming A New Low And Rising. I don't know the peak of that rise, but I'm going to prepare because I see an attractive SHORT position from a short-term perspective. The rationale is ELLIOTT WAVES and HARMONIC. If it goes according to this idea, I will solve it step by step and explain how I predicted the trend. Bitcoin's volatility has become...
btc has formed Bearish divergence on daily chart with double top pattern indicating bearish
1h looks interesting. we are respecting bullish PDAs. since we have bullish order flow on the 4h then I want price to reach discount while taking all the lows on the 1h, react to the 4h +ob then continue higher towards the BSL. this move will be the reversal of Friday on the weekly range. I expect a significant move on NY session, in the next couple of hours....
Bitcoin is completing its upward correction Leg and has the potential to move from the specified range to complete the next move.
BTC price is below significant support at 58K; if the price does not rebound, it appears to be heading towards 52000, indicating the conclusion of the bull market.
my entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise