🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
Judging from the daily chart, the price has fallen below the 50-day moving average, and the 10-day moving average and the 20-day moving average have formed a cross, indicating that short selling will continue in the short term. Bitcoin is in a short-term downward trend after falling below the important resistance level of 63,000 yesterday. Today the price...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Recently we've been talking about the weekly chart. This is the time interval in which each candle/session is worth 7 days (1 week). Bitcoin is always bullish above EMA10 and thus we track this indicator. As long as Bitcoin trades above EMA10 weekly, we consider the trend to be bullish. When Bitcoin moves below, the bearish bias is confirmed. The week is now...
Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern. In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH. Note: the pattern has not been confirmed yet, so wait for the...
The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...
Bitcoin produced a major bullish wave starting October 2023. On the chart, this event matches a move above MA200 (black line). Notice how Bitcoin is ultra-bullish (October 2023) as it moves above MA200. Safely trading above this level, we continued to see sustained growth. In the month of January 2024, Bitcoin produced a small retrace and MA200 was tested and...
Hi everyone, Opened BTC UP position at 62500 price with 10x leverage on Fybit trading platform. First target at 64400, Second target at 67000, Stop loss at 60600. Position was opened on 1-hour timeframe. Short-term trade position. After failing to break 65k resistance BTC price declined up to 60500 level and from there started to rise again. There is local...
Bitcoin at VAL - Buyers Must protect it or ... Buyers must protect such are because if they fails to do it - price would drop out of value - which would be a confirmation for a down trend in a video i shared ideas that i would trade on BTC
Hi. COINEX:BTCUSDT Today, I want to analyze BTC for you in a DAILY time frame so that we can have a SHORT-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ the odds of another bullish Movement is Pretty high because the pattern which BTC is in, Is a Bullish wedge...
Hi everyone, I'm planning to open another BTC UP position on Fybit trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 BTC has been overall bearish short-term trading within the falling channel in red. 🏹 For the bulls to regain control, a break above the last major high in red is needed. Meanwhile, BTC can still trade lower to test the $59,000 - $60,000 demand zone before trading...
orm case for the reasoning behind Bitcoin hitting $10,000 and why it’s not as unrealistic as you may think. 1. 10,000 marks the bottom of a bearish trend line I have marked on the linked chart 2. 10,000 corresponds with a bullish retest of a HTF chart pattern marked on chart 3. DXY looks ready to collapse - and with a falling US dollar over the next 0.5-1...
Hello traders ! Upon reviewing the Bitcoin chart in the weekly timeframe (logarithmic), we observe that after the price dropped to $56,000, it encountered demand as expected, presenting an attractive buying opportunity to purchase at a discount. The return on this analysis from last week until now has been over %15, and the price was able to rise from $56,000 to...
#Bitcoin Monthly Chart After the breakout of the previous all-time high, BTC is currently retesting it. The most possible scenario for Bitcoin, in my opinion. What are your views on this chart?
👉 There Is a Inverse Head And Shoulder Formed At The Chart And Currently The Price Completed Right Shoulder By Pullback Above The Previous Trend Line,I Don’t Expect a More Correction And In My Idea Correction Is Completed At 56500$ As a Wave C Low 📈 Bounce From Here Toward a 65k And Breakout Is a Main Action I Expect For Incoming Days And Then 73K As a Main...