looking at daily chart give us some clue that maybe we should expect more drop in coming days.
so if we consider the channel, will notice that price has been moving into this channel most of the time( since last 80days from now).
now price is moving between 2 support and resistant area for a while (more than a month)
also 50 days moving average has been tested...
BTC and ETH Yearly low test from January 2023 - both fit the drawdown PA with targets at the respective FIB positions.
The confluence is interesting and might (if plays out) give us an indication between the volatility between the assets, considering that the correction to the estimated point of interest of BTC is 32K (~15% dd) and ETH is 2150 (~7% dd).
Btc is at its daily FVG and Daily order block which is good accumulation zone. Retail traders arethinking for breakdown and will short it but its time for long now from local bottom.
Hi dear traders,
As we said in our last analysis on BTC, There is a need to correction for Bitcoin and this price falling is natural.
Everything is explained in the video, See my previous analysis on the BTC too, It helps you to understand current market situation.
Be free to ask your questions in the comments, Best regards, Zargar.
hello guys...
as you can see the btc is on an ascending channel.
it touched three times the top of the channel and twice hunted.
it touched 5 times the bottom line of the channel as well.
also, the price has been making a downward sharp movement so that we can consider a break out here, but you should know it is forecasting and not get a high volume position...
BTC has been falling over the past days, this is simply a retracement into the Weekly SR zone at 31k. Once price reaches the zone a Bullish run should be favoured since we're in a Bullish trend.
If BTC fails to hold at 31k Zone, we could have another Bearish run.
For next few days, I'd be looking for sells on the lower timeframes until 31k
Hello dear traders, Take care of your positions because of the current situation of the crypto market.
According to my analysis on the BTC and many valid indicators and price action, Weakness in bulls power is clear. So I expect to see a correction before the next bullish wave.
47,000$ is a major resistance and is preventing price from going higher, IMO we will...
Current Situation: Bitcoin has reached a major resistance zone at $42,000 with an RSI of 81, indicating an overbought condition.
Profit-Taking Scenario: People who bought Bitcoin around 24k avg or 40k avg (making around 100% profit or taking the change out) might start selling, leading to a potential price drop.
Possible Price Movements:
If a red candle...
Hi
As you can see in the chart,
There is a negative divergence on the MACD and IRS, in the daily candles, and this is considered a bearish signal. If this thing is activated, Bitcoin price could range between 34k and 38k soon .
I cannot see that it will experience a big decline yet, there is a possibility that it will retreat to the resistance and support points and then fall to the old support point on the weekly chart, for now I am waiting for the retreat point.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
CRYPTOCAP:BTC 48k region acting as resistance mentioned in the last tweet. The market is going to test the trendline at 32k to 34k region. We have seen no weekly correction since the upward movement from 28k.
#altcoins
Fibonacci wedges play ground.
This is the possible scenario for me.
48.500$ very strong resistance of fibonacci wedge.
Full of action days are waiting for us.
Don't get caught up in FOMO.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price some days ago made impulse up to the 38400 support level, which coincided with the support zone, but soon it bounced and made a correction to the trend line. Price didn't fall fully to this line and soon turned around and rose to 38400 level. Soon BTC broke...
Hello guys. I see good opportunity for short in 40000 - 40200 $ zone for btc if confirmed
So guys attention we donot enter the trade before getting confirmation
At 9/10/23 was the last time #BTC traded below 50 ema on daily time frame.
bullish scenario
resistances 40.7K upper limit channel & horizontal, 41.8K in 50 ema, 44.4K
bearish scenario
supports 37.7K, 35.2K in 200 ema & horizontal
