Crypto_Coaching

Crypto_Coaching

#BTC/USD Update + 📊 4H-Frame 📉 S & R 📈 Chart Update #Bitcoin couldn't break the 44500$ resistance area till now but it's working on it hardly. Actually is consolidating between the last broken trend lines and this resistance which is a very good sign for us. (Bullish Flag 4H-frame) So, We're still thinking bullish about the overall situation. But in case of...

Crypto_Coaching

#BTC/USD Update + 📊 1D-Frame 📉 S & R 📈 Chart Update #Bitcoin continued its fast upward move by staying above the 39000$ level since our analysis on 4 FEB and currently is facing a very strong important resistance area (Weekly EMA 50 & ...). Scenario 1: Breaking 44500$ important resistance and turning it to support will be a very good sign for #Bitcoin. We will...

Crypto_Coaching

#BTC/USD Update + 📊 1D-Frame 📉 S & R 📈 Chart Update Coming back inside the wedge pattern was a great sign as we told you in the previous analyses. Finally, #Bitcoin is attempting to break out of the long-term falling wedge pattern. This is interesting but needs more confirmation because we're still in an important resistance area. Staying above 39000$ will keep...

Crypto_Coaching

#BTC/USD Update + 📊 4H-Frame 📉 S & R 📈 Chart Update #Bitcoin got new local support at about 36000$ level and started a new uptrend in a 4H-frame channel. Trading volume has been increased and we had a good daily candle close but this is not enough. The nearest resistance is located at 38222$ and if we can break it, #Bitcoin will go up to test the most important...

Crypto_Coaching

#BTC/USD Update + 📊 4H-Frame 📉 S & R 📈 Chart Update #Bitcoin is fighting with the 37000$ resistance. As we can see in the chart, there are many strong reactions from the lower trend line of this wedge pattern, and every time Bitcoin has been gone below it, bounced back fast and we're currently seeing this reaction again which is a good sign. Global markets have...

Crypto_Coaching

#BTC/USD Update + 📊 4H-Frame 📉 S & R 📈 Chart Update #Bitcoin is still trading between important 34000$ support and 37000$ resistance. The weekly close was below 36500$ but we're seeing a bounce from this support area. If we can't break and stay above this resistance, we will go down to test the crucial 30000$ area as we said in the previous analysis.

Crypto_Coaching

#BTC/USD Update + 📊 4H-Frame 📉 S & R 📈 Chart Update After a fast pullback exactly to the upper trend line of the triangle pattern, #Bitcoin started a big move and dumped hard to the 36000$ area after closing daily candles below the 42000$ support as we expected in the last analysis. Currently, Bitcoin is trading between three strong resistances (the last one...

Crypto_Coaching

#BTC/USD Update + 📊 1D-Frame 📉 S & R 📈 Chart Update We're so close to the end of an important triangle pattern and #Bitcoin has to choose only one direction. high Open Interest rate + low trading volume increase the risk of a short or long squeeze as well. So we expect a big move in the short term! Currently, The positive point is that #Bitcoin did not close any...

Crypto_Coaching

#BTC/USD #Bitcoin is back into its support zone and now trading around 43000$. The high volume accompanied a daily candlestick that closed in the form of a bearish engulfing. Technically, at the 1D frame situation remains positive by a MACD bullish cross, in the 4H frame, the indicators are neutral negative. The engulfing candle is usually synonymous with a...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update ✅ Successful analyses in both down and up movements. #Bitcoin couldn't close the weekly candle above the 43000$ level, went down more, and touched the important 40000$ support as we expected in the previous analyses (Red Arrow). Currently, it started a new upside pullback (expected in the last analysis) by...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update Unfortunately, Finally, #Btitcoin broke down the 46000$ support in the 10'th hit. We alerted this many times in the previous analyses that we are in danger if Bitcoin consolidates below the 48000$ resistance and we hope you respected risk management in your trade. Currently, Bitcoin is trading in a new...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update #Bitcoin has hit this high-demand area for the 8'th time! 46200$ Yearly close acted as strong support as we expected in the previous analysis but it becomes weaker after every hit. The weekly candle closed below the 48000$ as well which is not a positive sign. The Possible inverse head and shoulders pattern...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update ⚠️ Possible inverse head and shoulders pattern with the 48000$ neck line.

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update Abnormal Volatility Alert (15m) # Bitcoin's yearly close was on 46200$ which will act as strong support for us now. We couldn't break the short-term triangle pattern yesterday and #BTC dumped to our high demand area again and today we're seeing a great bounce from that area! We're still waiting for a...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update #Bitcoin retested the broken wedge pattern and now bouncing up again from the High Demand Area. As we can see in the chart, #BTC is trying to break the small triangle. Closing the Yearly candle next hours is very important for us. Closing above these resistances zone (especially +49000$), will be a great sign...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update #Bitcoin is trying to start a new upward wave exactly after a short-term correction as we expected in the previous analysis. Now, It's time to start a battle to fight with the most crucial resistance zone between 51640$~55666$. Only one can survive in this battle and the winner will show us the new year's real...

Crypto_Coaching

#BTC/USD Update + 📊 4h-Frame 📉 S & R 📈 Chart Update We had a successful analysis being Bullish on #Bitcoin yesterday. The price exactly followed our first scenario and bounce up beautifully from its 48000$ support area and the main descending channel is broken! Now, We can say that we're safe especially on USD pairs (At least until the next alert) and there is a...

Crypto_Coaching

#BTC/USD #Bitcoin couldn't break the main descending channel after breaking our short-term wedge pattern and is still undecided as to which direction it will go. Should take some time to confirm one way and is currently trading around 48700$ trying to retest the wedge trendline and go upward more and hit 50000$. We're bullish until BTC stays above 48000$ area...