Hi traders, I would like to share my analysis on the BTC chart in the daily timeframe.upon observing the chart, it appears that price has completed it's pullback phase and is now showing signals of potential move to higher prices, indicating by the formation of a FVG zone.
Entry at Pin Bar 18MA Weekly. Take profit using Fibonachi
This is my first published idea. Im not very tech savvy, but here goes. We are tracking a falling wedge and BTC corrected sharply, challenging the recently formed downward trend line. But now price action has mostly stalled over the last 10 hours. We are seeing bearish divergence on shorter TF's on the RSI and MACD. BTC is pressed right up against resistance...
Seems to BTC has ended it's major 4th wave correction as ABC zigzag (someone can count it as a WXY pattern also). When we look at the USDT.D also t.me it's breaking a major rising wedge shape. In that case I hope BTC is starting it's next bull leg up. Minimum target of Bull market 100k
The nearest support zone is in the green box, which can help to change the trend. If there is no support, the following numbers will be activated again.
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
Possible targets. BTC might be managed between the contraction value line by BANKS & FINANCIAL INSTITUTIONS. ADR value reading is between $61k to GETTEX:64K zone.
The market is currently reacting a structure based on the daily TF. There's a 4hr reversal chart pattern forming. Possible selling opportunity for BTC Feel free to share your views
The current price actions of Bitcoin look similar to the bullish fractal in July 2017, suggesting that Bitcoin may reclaim the 50 EMA, hold above it for a few weeks, and continue to rise. Let's see if Bitcoin can close above the 50 EMA next week.
#Wyckoff #TrendAnalysis #BTCForecast BTCUSD is currently in Phase A of of local re-accumulation trading range. Looking to initiate long position in Phase D of the current active range. The location of the price is the first pullback / test of the spring in Phase C of the greater trading range. I would like price to washout and test the spring with a deep...
daily time frem trend break out 15 min ob restpect with retest NOTE- trade at your own risk
Impulsive Price Action followed by Impulsive Price Action more times than not equals Reversal... This is the end of the Daily Bearish Retracement & now Price should encounter its Bullish continuation. New High's is on the horizon!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish...
It seems that Bitcoin (BTC) is possibly forming a cup-and-handle pattern on its weekly charts.
I'm seeing a potential trendline break here, so I'm going short. My Target is the DEMAND ZONE, and I will be adjusting my SL as we go based on Lower TF price action
23% correction lasted around 50 days. After a reset, Bitcoin is ready for another ride to the upside!
There is strong evidence to suggest the bull market will continue. I have not been feeling well lately so I will do my best to explain. 1. Price has bounced off the bottom moving average of the CT Pi Cycle top indicator. 2. Price has also bounced off the top MA trend line. This trend line is based on the top MA of the CT Pi Cycle Top indicator. This is quite...
if we lose everything going into this week we could be looking at 39k. if so hopefully it will happen just in time for a nice mid week reversal after some longs get liquidated.
1- FIRST : For BTC İf we regard September-October2023 and From 28500 Dolar beginning To March 2024 Peak 73500 Dolar Level, we increased 45000 Dolar. normally %50 fibonacci retracement level works and its normal to decline 22500 Dolar from 73500 peak, that is 51000 Dolar. But in an uptrend usually Fibo 0.382 I mean % 38.2 retracement rule works. On the...