cryptoonchain

cryptoonchain

Hi 58500 $ in Renko chart is the important resistance for BTC, And the bitcoin Renko price action in that area will determine the next bitcoin trend. It should be noted that there are two important resistances in that area. Range and previous low bricks resistance and moving average resistance. According to Price Action Bitcoin, there are 2 scenarios in that...

cryptoonchain

Hi, This is not a recommendation for trading, but my personal analysis. The cryptocurrency market is under strong resistance, which respected it before. I believe this area is a potential distribution area. We can also identify an Ascendingh wedge pattern in this chart; the breakdown of the wedge could cause the cryptocurrency market to drop. To stay in the...

cryptoonchain

HI Bitcoin entered a lateral zone about a month ago This shows the lack of decision and hesitation of the market. There is a main question. What will be the final move from this area? In other words, we are facing accumulation or distribution? Let's look at some signs 1- Divergence in many indicators: As you can see, many indicators such as RSI, MACD, and OBV have...

cryptoonchain

Hi it seems AYA is in a good area for long 1- The downtrend seems to be coming to a halt. 2-After losing 96% of its value from the highest price, it entered to a range area. 3- The price has been squeezed. 4-We can see a positive divergence in the RSI and MACD indicators. 5-The volume of transactions has increased dramatically, which indicates the arrival of smart...

cryptoonchain

Hi BTC is forming a Descending Triangle. premature breakuot is another clue that shows the direction of breakout we can also see the negative divergences in the RSI and MACD

cryptoonchain

Hi dear traders it seems BTC has developed a boarding wedge ascending pattern This pattern often breaks down the lower trend line downwards.

cryptoonchain

Hi What you are reading is my personal opinion and not a recommendation for trading According to the law of effort and the result of Wikoff, what happens in the market must be the result of effort, And what he means by effort is the volume. But if the volume does not match the price, what is the sign? something is wrong. It may be a trap set by market makers. In...

cryptoonchain

Hi BTC is in a downtrend. the first target is 50800 $

cryptoonchain

Three reasons to take a short position 1- head and shoulders pattern in Daily time frame: BTC has completed a head and shoulders pattern in the daily timeframe 2- Double High pattern in weakly time frame: as you can see below, we can see a double high pattern in the weekly timeframe 3- Pinbars in Highs: we can see strong rejections as pin bars in the highs

cryptoonchain

I want to ask a controversial question: Is it possible that we will face a big drop in the price of bitcoin in the future? Let's take a look at the bigger picture of the Price Action of Bitcoin 1-The slope of ascent lines decreases over time. This means reducing the momentum of the bitcoin ascent. This issue can be considered as a sign of trend change. 2-Bitcoin...

cryptoonchain

Hi dear traders I want to check the different scenarios for bitcoin here 1-the first scenario: Wedge scenario The first scenario is that bitcoin is in a big wedge pattern and has repeatedly responded to the wedge support line. So it is very likely that we will see another reaction to this line of support. If this happens, Bitcoin could rise again to a limited...

cryptoonchain

Hi we can see strong rejections in the highs and lows of the chart. Who will win the fight? it seems Bears rejections are stronger

cryptoonchain

Hi BTC shows a Double High pattern. it couldn't breakup th resistance of 62500.

cryptoonchain

Hi BTC has strong resistance of 60000 $ in the weekly time frame. Suppose it reacts to this resistance, and the trend changes. What will happen? Primarily it will create a double high pattern. The proportion formed will also be similar to the proportions of the butterfly pattern. So we have to wait and see what the reaction of Bitcoin will be to the strong...

cryptoonchain

hi ETH has Gartley proportions. Will Gartley pattern be complete? To complete this pattern, D must be at $ 1,000

cryptoonchain

Hi Dogecoin makes a bearish triangle pattern. On the other hand, we can see pin bars and strong rejection on the chart

cryptoonchain

hi BTC has an a range area in daily time frame it has strong resistance zone in its way for uptrend My idea is that it is in an excess price area and will come back to the range area soon

cryptoonchain

As you can see, Bitcoin is creating two harmonic patterns of Bat and alternate Bat. they confirm each other, and the starting point is different. Accordingly, point D must be between 48200 and 52,500 to complete both patterns. After confirming point D, the first target will be $ 45,000 and the second target $ 39,400