The upward trend line is lost and the selling pressure in the market is very high and the probability of this currency falling is very high
As expected, Bitcoin is completing the hypothetical triangle pattern and preparing for the next drop. In the past few days, with the closing of the markets and Bank Holiday yesterday in America, retail buyers, who are mainly day traders in my opinion, were able to increase the price by a few percent with a very small volume, but due to the small volume of...
Considering that the price is close to the resistance zone in the daily time frame and observing the weakness in the upward trend, we can expect the price to be rejected from the 0.86 area and corrected to around 0.7.
The price has been unable to reach its ceiling again in the cushion work and is currently losing its upward trend line. According to these points, the price is expected to fall to the previous floor.
The upward trend line has lost its position and is ready to fall, and due to the lower difficulties that have formed, the upward trend is expected to change to a downward trend.
As you can see, the price has reached its resistance in the 4-hour time frame and has had a strong rejection from that area, and it has covered the previous candles with a long candlestick. When the price comes below this candlestick, the price is expected to fall further.
As it is clear in the price chart, the price has formed a double ceiling pattern and managed to penetrate below the support zone in the lower time frame. It seems that with further price drop, we will see the price move to lower areas
Bitcoin status in terms of wave countThe end of wave 3 can end at 16300 or 13500, and if it is formed, we can measure wave 4.
The situation of Bitcoin in the 4-hour time frame, considering the strong movement of the previous fall and the closure of the markets in the next day or two, seems to fluctuate in the form of a pattern like a triangle, and it is more likely that it will leave the bottom of the triangle to complete the 5th wave and go to The support ranges will reach 17800 and...
The dollar index has been resting for a few days after the defeat of the resistance, which subsequently saw rest and suffering in the crypto market. In the daily chart of this index, after completing it within the time, we see an increase in demand and getting a bullish guard again in this index, which will probably complete its last bullish lag and lead to...
Due to the rejection of the price from the resistance, the probability of falling is high
The head and shoulder pattern is formed and the neckline is broken and the price is being bridged to the broken area. By seeing the appropriate Kendall pattern and returning the price, one can enter the short position.
Due to the price reaching the resistance area and the inability to form a high ceiling, the price is more likely to fall.
Due to the price reaching the resistance area and the inability to form a high ceiling, the price is more likely to fall.
Due to the price reaching the resistance area and the shortening of the uptrends and the erosion of the price movement, if the candle pattern is approved, it is suitable for sale.
Due to the breakout failure that has occurred in the resistance area, I expect the price to fall from this area
Due to the price reaching the resistance area and its rejection and the formation of a twin ceiling, I expect the price to fall to the first support floor and in case of failure to the daily floor.
The price is fluctuating in an rising wedg pattern and reaching its important resistance. According to the formed pattern, I am waiting for the price reaction and the selling position in this currency.