btc take support and take rejection from the supply zone
one can take a long tread with 300 point stop loss wait for conformation
and once its take support this treand line and any positive sign in 5 min or 15 min time fram one can enter the tread
target will be next rassistancce zone
and book 50 % at 1:1 risk reward and rest trail quantity
Credit goes to : Robert Prechter , he talks about the wave 4 and the golden section in one of his books : "The beautiful pictures from gallery of phinance "
Hi dear treaders
The price has formed a double top pattern.
If the price in the pullback tests the neck line area as resistance and the pattern is confirmed, we can enter a short position.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea.
Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag...
Dump Alert !!
Hi again everyone, first i want to say thank you for supporting me..
Right now, i want to share again my bitcoin technical analysis on 12 April. In the chart, we can see in the major 4H.. Sometime bitcoin try to breakout of the pattern but in the end there is just a fake breakout, i tried to analysis again using 1H and found triangle pattern again...
A 5th wave up here means sure death. It wont have the legs to move past 100. But never say never so there is a very small chance we can touch 150. Selling in may seems to be the right idea here. Check back in around june for the spring to 150k around election time. Check for elliott wave below
Hello dear friends, I hope you're doing well.
Currently, Bitcoin is in a ascending channel.
Given the ongoing conflicts like Russia-Ukraine, Israel-Hamas, and Lebanon, people's excitement for buying is natural.
In my opinion, two scenarios could unfold:
1: Due to people's emotional behavior and speculative pricing, after reaching the FVG range around $73,000,...
The market overall is moving sideways. BINANCE:BTCUSDT pulled back from the 72K resistance zone. Below we have an upward trendline that was holding price for the beginning of March. I think the market will compress before the extension. If the market retests the support level and trendline, we have a high chance of moving upside. On the weekly timeframe, it...
I entry long BTC/USDT from $66300 stop loss 64000$ in the Futures wallet. It certainly won't hurt if you buy it long-term. 2024 is expected to have many innovations in Crypto industries. The selling plan is basically no worse than $75 000 or $80 000.
Bitcoin dominance is rising to 54%. Asian countries are gradually adopting Bitcoin ETFs. Bitcoin halving...
The first thing that worries me about the weekly time frame of Bitcoin is the repetition of the pattern formed in 2021, which had a growth after the resistance and ATH break and then a sharp drop.
If there is an appropriate reaction on the drawn surface, this analysis will fail
If the drop is confirmed, I consider the range of 50-45 suitable
On the other hand,...
If this isn't a triangle, maybe it should lower the low again. If you look at it later, it could be a channel.
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