Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Impulse Correction Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line S / R Level Break of Structure Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
The Crypto Market Up Today! The crypto market is experiencing an upward trend due to several key factors: Increased Inflows into Spot Bitcoin ETFs: There has been a significant increase in investments in U.S. spot Bitcoin exchange-traded funds. As of May 16, these funds manage approximately $12.40 billion in BTC, up from $11.18 billion at the beginning of the...
BTCUSD in a Downward Trend when observing the Chart. We can enter to a trade on Downward Trendline. If it break we can enter to a long. if trend cant break the resistance short trade
This is my calculations for bitcoin in a possible downtrend. Example: 74000 / 100 = 740 √ 740 = 27.2 27.2 - 2 = 25.2 (2=360' , 4=720' , ....) 25.2 x 25.2 = 635 635 x 100 = 63500 First support as shown from the top
Chart made a simple u−turn toward a midle low peak of a HH peak. Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave. Fibonacci is on a LL and midle HH. This is a strong fibonacci support if chart bounce on the 100% level once so then it reaches 288% or even 461%. I'm using it for reversal prediction.
"Immersive deep dive into an ocean of quantum bubbles, an endless stream of potential universes, which could seem it stretches to infinity, simulated by a quantum computer, a gift from an ancient alien civilization that has survived not one, but 3 black holes." Simple project, with all elements being potential support and resistance zones for the intraday hungry...
Bitcoin in the short and medium term: According to the previous analysis, Bitcoin stopped at $56,500 before reaching $52,000 on May 1st, and the second wave of the previous analysis has started from this point. This analysis shows the continuation of the path in more detail. Based on this analysis, this week we will see the price of Bitcoin drop to $58,000 and...
Following 3 black crows, we had the 50% retracement and a big red day on Friday… current weekend action is class bear flag to trap bag holders. Current target will be fully back to April lows near 56k when the next course will be decided among bulls and bear. It won’t be easy win but a great fight for the fittest player May you all have great weekend and happy...
My opinion on BTC, looking for a short Looking to short BTC as it moves up into the premium side of the market.
Hi Traders, Yes its boring compared to previous volatility. and the weekly 20 EMA did its job. I believe this is a corrective wave rather than a distribution structure as it did not drop significantly after the neckline was taken out. Hence a liquidity grab at the 20 weekly ema (fake out). We have the main moving averages to use to gauge the reversal and we...
Things are too overhyped. I'm Flipping bear again. Sub 50k...43k is my target.
A bit messy but a falling wedge on BTC could have formed here which is a bullish pattern. We are also at range lows, with a deviation already done. RSI has also reset to January levels, hopefully ready for the next push up in the coming weeks
The upcoming week holds significance for Bitcoin as it grapples with signals suggesting another upward burst is necessary before a potential downturn. The analysis spans both weekly and monthly timeframes, indicating a crucial phase for Bitcoin's trajectory. Despite short-term bullishness, a bearish outlook looms, with projections indicating a decline to...
i needed a new Gann fan so made this because i am curious for high levels . not sure if it will be ok so lets see how things play out !
On Monday, we outlined a neutral trend of a lesser degree, as implied by the daily chart. In addition to that, we observed a formation of the inverted head and shoulders on the 3-hour chart, noting the potential for a small price surge if the neckline was broken to the upside. Interestingly enough, in a broad market risk-on move yesterday, Bitcoin (BTCUSD) rose...
I took a look at Bitcoin price action as well as the orderbooks. I think it's unlikely price will continue downwards. Instead of a grind down, I see a horizontal or vertical grind, before new highs. I believe in the idea in Bitcoin. Pattern recognition also is screaming at me to buy here. The faithful will be rewarded.
The price would sideway for few days then would try to catch those 67-68k liquidity before the real drop