Bitcoin is seeking high timeframe demand. If, only if bitcoin successfully breaks the supply zone with convincing volume, the continuation is likely going on. However, the trend remained downward after bitcoin made a series of LH and LL.
First trade the rebound opportunity in the downtrend, and short after the long position ends, tp60240
BTC: correcting in 3 waves toward fibonacci confluences of 100% fib extension and 50% back retracement of the up move from MAy 1st lows. Trying to catch the 5 of 1 and the big wave 5 towards 78-80k Entry @ 61760 SL @ 59700 T1 (50%) @ 63100 T2 (25%) @ 66358 T3 (25%) @ 77800
Very important, guys! We already know that the market has two forms: Compressed and moving very fast But we ignored the behavior of that form, for example: - Move increases rapidly, then compresses the price increase - Move increases rapidly, then compresses price down ... with different behaviors will give extremely delicious trade setups. Please refer to it!
Bitcoin is stuck in the two regions of 64,413 ceiling and 62,303 floor. If it breaks from the top, it will rise to 66,615, but if it breaks from the bottom, which is likely to break from the bottom, it will go down to 60,000
hello traders, Check my Ethereum and bitcoin both chart analysis for good accuracy and overview. And if you any other chart analysis then comment with (#.......name of the chart)..
BTCUSDT Head & Shoulders formation on 2h chart. If the neckline is broken, we will take entry. Invalidation if neckline is not broken. SL: 64392
BTC may decrease through Q2 2023 after the Q4 2022 economic data and business financial data becomes mostly available around 2023-01-06 (first week of JAN). Perhaps, watch the television closely and the news online during week 1 and week 2 of 2023-01 (JAN). An increase in recession in 2023-01 could dip stocks and BTC further as we have seen throughout all of...
This is a daily view of an alternative path that reflects a green path near $32666 to $36666, followed by a downtrend to near the $19666 zone. This is in addition to the blue & pink lines reflecting a bottom near the $14666 to $17666 zones (around 2023-06-06 plus or minus 1-month).
Yesterday we broke the inclined level on Bitcoin and formed a local sideways trend. The global scenario for the week has not changed, we can still expect longs, but through a probable false breakout of the $62,650 level or a march into the buying zone $61,600-$60,300 (pushing volumes). A less likely scenario is going below to the zone $58,500-$57,000 (volume...
Timeframe : 2H to 4H to avoid false signals Target Zones: - First Long Target: $61,000 - $61,500 - Second Target: $66,000 (Profit-taking zone) - Potential Short: Around $65,000 Rationale: - I expect Bitcoin to first reach the $61,000 - $61,500 range before heading towards the $66,000 zone, where I will take profits. - A modest short position might be...
#BTC has completed a corrective ABC pattern after the fifth bullish wave Price has reached the end of a wedge formation, potentially setting up for a new bullish impulse wave sequence The analysis is supported by an ascending chart structure and a falling wedge formation However, the analysis could fail if the wedge is broken down with strong bearish candles️
est chart for practice only This chart not for entry only saving to see how wrong is my drew Thanks
Bitcoin broke trough the resistance level. Asset broke trough the descending trendline. Bullish movement to resistance level at 67115 is possible.
With a nice bullish hammer on the weekly - defending the $60-62k Major support BTC could see a breakout to the upside this week or next. Of course anything is possible and this is not financial advice.
The market is in a downtrend. in case of sweeping liquidity and the closing above it, could set up a situation for a potential upward move to mitigate the1H : Ext OB. However, it's important to note that this approach is risky due to its countertrend nature After reaching the '1H : Ext OB' , confirmed signals on both the 1-hour (1H) and 5-minute (5m) timeframes...
Bitcoin has rebounded from 56k up past 60k, to 65k, and is currently retesting. After the Iranian/Israel/Gaza tensions, there is a chance we could see a short squeeze, or a bear trap. Yellen announcing buybacks could buoy markets. In addition, hot inflation can pump currencies and hard assets such as silver, gold, and bitcoin. Worries over a slowing econcomy...