Eldorado_land

Eldorado_land

In my opinion, Bitcoin can start a short-term DROP from the price17000 TARGETS ARE SHOWN IN FIG

Eldorado_land

As long as we are above the level 17185 , exiting the upward WEDGE pattern can be a buy signal But the exit from the downward WEDGE pattern along with the BREAK of this level can be a sell signal TARGET IS SHOWN IN FIG

Eldorado_land

Hi guys In the previous long-term analysis, I warned about the fall of Bitcoin BUT Currently, from this AREA, i.e. the bottom of the long-term BEARISH channel(SEE FIG), I see a high chance FOR growth again!! This growth can end on the MID-LINE or the TOP of the channel.

Eldorado_land

Bitcoin has two big obstacles to growth The level 20805 as a key resistance And the trend line of the recent drop Bitcoin can rise up to the range indicated in the FIG if these two RESISTANCE are broken UP IN H1

Eldorado_land

Hi As long as we are below the price 20805, it is more likely to DROP!! But the second confirmation for the DROP is the break of the BULLISH channel IN 4H TARGETS ARE SHOWN IN FIG Note that TP1 is more key support than TP2

Eldorado_land

If it breaks the BEARISH trend_line shown in the fig in 5m, it will grow TARGETS IS SHOWN IN FIG

Eldorado_land

Before falling to 18000, it forms two higher HIGHS. Bitcoin can start falling from around the HIGH of the channel equAL to the price 22220 The breaking of the trend_line of this DROP in the SHORT-time can be a confirmation for SHORT TERM growth

Eldorado_land Updated 

If the BEARISH trend_line of the recent falling movement is broken UP in the 15m, it can grow and form two NEW HIGH.

Eldorado_land

I think there is a short-term drop from here After this DROP, we see the growth and formation of a NEW HIGH

Eldorado_land Updated 

Ethereum can grow from the green ZONE to its previous HIGH in 15m Enter with confirmation

Eldorado_land

In the previous analysis, I said that growth is more likely than DROP!! Although, according to long-term analysis, I think the Bitcoin trend is BEAR and this growth will be temporary. In my opinion, this growth will continue until the price range 22217-22714 and it will start to DROP from here

Eldorado_land

Everything depends on the BEARISH channel in h4 and the direction of its BREAKOUT!! My initial opinion is growth. Because the movement towards the BULLISH TREN-line has been slow to break If it breaks up: it can start a new BULLISH path again up to the channel LINE and THEN the price range 22177 TO 22712 If it breaks down: it can start a BEARISH path to the...

Eldorado_land

There is a possibility of forming a rectangle in the continuation of the BULLISH trend But there are two KEY resistances on the way of the price 1-H1 BEARISH trend line(Red line) 2-LEVEL 20290 TPs ARE SHOWN IN FIG in opposite : The market will DROP if the BULLISH trend line is broken IN H4 SELL OR BUY?!!

Eldorado_land

There is a possibility of the formation of an ascending triangle in H4 A second LOW can be formed in this area If the double bottom is confirmed in this AREA (EQUAL to breaking the 20565 LEVEL IN H1), the formation of the second bottom of the triangle and the start of growth towards the upper arm (20987) will be confirmed. Next, the triangle can be broken upwards

Eldorado_land

If the BEARISH trend line breaks in H1, there is a possibility of forming an ascending triangle and short-term growth Conversely, breaking the key support of 20,290 can rule out the formation of a triangle and initiate a downtrend TARGET IS SHOWN IN FIG

Eldorado_land

Bitcoin falls from the 22172-22720 range The first target is 18195 Before the DROP, it may form 3 higher HIGH in the short term What do you think?

Eldorado_land

I think it is bullish This WEDGE pattern can be the end of DROP and the beginning of growth Comment?

Eldorado_land

At the moment, it can be said that the trend is BULLISH, but we have a DROP in the form of correction But that correction I want before the next big up move hasn't started yet!! But before THAT DROP: If the price breaks UP 1610.10 IN 5m, Ethereum can see targets 1672 and 1725 On the contrary, if the BEARISH channel breaks down in the 15m and penetrates below...