Quick alert that we at a dangerous level for BTC.
Elliott wave concepts point to an ABC correction.
Mapped are possible wave B tops and C bottoms.
I do NOT think this is the likely next move.
But it never hurts to be alert and prepared.
So we watch the reaction at each fib for clues.
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Previous analysis that called the 73k top:
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Subsequent mapping of...
Dear Traders,
Bitcoin retested selling zone, now we can target the first area 55k and then 45k. Our main reason is for selling swing is based on how price behaved and gaps within the market needs to be filled. Our entry is already activated and now we can target our areas. We expect price to hit our target by end of may.
Good Luck.
BTC is fast approaching a "semi-major" fib ratio at $72,937.41
All of its sister fibs have marked key turning points since 2015
Price action here will be very telling of this bull run's strength.
It is PROBABLE that we get some retracement from here.
It is POSSIBLE to break and retest that fib for continuation.
It is PLAUSIBLE (but unlikely) that 72,937 will be...
looking to take an entry for shorts once liquidity has been taken from london, entering on lower time frames targeting the 4hr imbalance and everything else below .
Bitcoin's long term chart retains a very bullish posture. Currently, I have the BTC chart having completed, or about to complete the first upward subdivision within a long-term cycle wave III, that could top the $1Million area per Bitcoin.
Nonetheless, in the short term we are correctively retracing, and retain the ability to eck-out one more high, before...
Bitcoin has successfully rebounded from the support area and broken through the principal descending trendline.
Following this pullback, there's a solid chance for a significant upward movement if the minor trendline is breached.
Keep an eye on the trend for the best trading opportunities.
Take these with a grain of salt. H5 is projected target of breaking H4 with camarilla pivot points on all time frames. We can see the yearly breakout target is around 115k. The chart proposses 3 paths. The yellow one suggests there is a new low and retest of H3. The green suggests we remain about H4 and continue onwards through the year. meaning we have a shorter...
Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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Despite facing notable resistance from both the MA 100 and the Ichimoku Cloud, Bitcoin (BTC) continues to...
☕Good Morning Traders☕
We see the formation of a lovely bullish flag on the daily charts of BTC/USD, this bullish flag has a massive flag pole indicating that this can be the move to see Bitcoin reach $100,000 finally. As you can see by my analysis, we expect to see a pump in the price of Bitcoin by the middle of May leading into June.
However, the $70,500 -...
CRYPTOCAP:BTC has formed a rising wedge that it broke down from.
What would make the most sense to me here is for BTC to test the top of the rising wedge to confirm resistance and then to break down to the lower support levels between $58k-60k.
After that I think we'll then go up to test the top of the range between $76k-78k (which I believe will be the final...
Hello traders! Today, we're having an exciting day in the markets for Bitcoin. We have a clear figure of technical analysis Reverse Head & shoulders. The price has fallen in the last 4 hours and is currently testing the neckline of the figure which provides a convenient time to enter a BUY trade on these levels. It is still crawling above the jaws of the Alligator...
Price has taken the liquidity and sucked in break-out sellers. It was rejected from the daily gap and closed above the height that created the low. In my opinion, 73K is in play now. I'm longterm bullish on Bitcoin, but I think it will take time until we will see the halving effect.
Hi Everyone,
BITSTAMP:BTCUSD our last analysis on bitcoin turned out to be in our favour price has been dropping ever since, in our view price can now make small corrections towards 69k to 70k and from there price can drop significantely towards major bearish impulse that will fill the liquidity gap in daily timeframe that price has left behind. Please note...
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I entered this long position in Bitcoin. Although Bitcoin is recently involved in demand due to halving, another important point that causes supply is that it has reached a time resistance range.
I call this "aggressive" because we dont have that typical deeper retracement (ABC corrective wave) here but a flat correction, which i have labelled WXY.
...there's always another one around the corner. Terms and conditions apply.
A little indecisive moment. I do feel strongly it's distribution but its also starting to look less like it. I am seeing lots of shorts piling up which seems to liquidate around 66k. So for starters, we will go there.
From 66k, I will re-evaluate and update when there's something new....
