BTC will boom after touching demand zone which i have shown you in previous analysis.
next 2 weeks are green as per my analysis.
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First btc need to reclaim 38.8k to be bullish. Next Resistance is 58k area and after that last TP area would be 80k.
Bears need to break 32k to be bearish trend which will lead us to 24-22k
Bearish Scenario you can find in link below :
Bullish Scenario you can find in link below :
Just my opinion people but honestly from what I see there really is nothing to worry about even in a short-term perspective.
I'll make as quick and easy to understand as possible for y'all so we have the doted line showing us the right shoulder of the Inverted H&S formation currently on going.
I added approximative Targets and stop losses so that you can better...
If we use trend based fib on weekly chart we can see that BTC is bearish!!! I'm very bullish on BTC but this doesn't look very good. The raw price target is right at 16k. I believe that we can pump up but we gotta flip bullish before 37k.
If btc cant hold this support then our important support is 42700 to 41900... This is very important support... And in this chart i see two patterns both is in weekly time fram... Both are very BULLISH patterns one is bull flag and second is sematrical triangle... But for now very important to hold 4300 to 4400 area if this area is broken then last important area...
If and only if BTC doesn't close a 4H candle below 44.3k we will have a 'hidden' bullish divergence as per the marked RSI & PA ray that would give the price a boost up. Otherwise, yes expect a retest for the 21W EMA at 43.6k then 20W SMA at 40.8k if the first doesn't hold.
Signal: Yellow -> Red -- Waiting
Structure: need a Breakout confirmation 47150
BTC , BTCUSD , BTCUSDT ,BTCUSDTP, BITCOIN ,CRYPTO,CRYPTOCURRENCY
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
DMI looking like its ready to allow some volatility....
Also at the bottom of the Bollinger bands
I believe from Sept 16th at 00:00 UTC to now would be classified as an impulse wave before we start the last leg to near 50k where I would like to enter short
Following a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with...
Another Shakeout after the SEC announced that they want to sue Coinbase.
it's good and easy to be on the Dark Side to create "insider Trading Fuds" and REKT retailers when BTC pumping.
That said this i don't think this dip will be same as last one in May. Bitcoiners start to have habit with bad news trying to create panic.
i am not a shorter in a BullMarket so...
BTC needs more correction in the near future in the short term. After rising the price in an ABC pattern, BTC started a motivated correction and now I consider it a correction in order to decline more. please note invalidation price and consider money management and stoploss.
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Hello friends, as you can see, Bitcoin is coming back from its 0.68 correction wave, and its first goal has been determined, and also the second goal of this personal comment. Please work on your own review.
Here is my perspective on Bitcoin price action. Recently we have lost our momentum in bitcoin rally with decreasing volume, and also we have reached Fibonacci pullback point in trend-based extension. I am very bearish for bitcoin in the immediate short term. If bitcoin can sustain some sideways movement for a few more months than I might change my take on bitcoin....