btc is extremely bullish in terms of fib retracement, and elliot waves theory of impulse and corrective ... note: only use it for educational purpose...
history repeats itself: 1. BTC impulsive waves with respect to corrective waves are exactly the same. 2. accumulation are same 3. distribution is the same 4. 82k is the same as now 5. red arrow show news 6. green arrow shows a new impulsive wave start. YOU CAN CHECK OUR PREVIOUS PREDICTIONS AS WELL. ALL MEET. Thank yew
on paper btc have high probabilty to go short. for short term yes you hear it right btc complete his elliot wave cycle and now looking for some sort of reversal pattern. Hit like and follow for more updates on BTC. thankyew
bump and run information. supply zone for the short term, I'm bearish except the market FOMO can change or at least make it hard for selling ... you can check all my previous analyses to meet the exact pinpoint. do follow for more BTC technical analysis from thousand angles to see in future HAPPY TRADE
BTC completed his impulsive and corrective cycle. now try to look for respective supply zone as i mentioned above. btc is mega bullish according to all recent technical analysis. so there is maximum possibility to touch the respective supply zone. Hit LIKE and Do FOLLOW for day to day crypto updates based on different indicators and technical analysis. Thank you.
BTC if it breaks with high volume then look for a strong uptrend. 1. the green arrow shows rejections of this line. 2. in downward the area is squeezing. 3. higher lows. 4. ABC corrective wave
overall BTC is bullish for the long term but for now, I'm slightly bearish but it's healthy for strong uptrend wave C. possibilities: 1. it may squeeze and consolidate for some time and then break as a double bottom. 2. squeeze a bit and fake dump and then rise up according to higher ATR values.
BTC will boom after touching demand zone which i have shown you in previous analysis. next 2 weeks are green as per my analysis. hit LIKE and do follow if want to know the everyday in depth technical analysis of BTC.
for short term BTC might look bearish for its good and healthy sign for long term bullish momentum. NOTE: only for educational purposes. Thank you.
above analysis shows 4h strong supply demand zones. i think BTC can go either up or down will must reject from mentioned area.
1. resistance into support and vice versa. yellow arrows 2. there are 2 trend lines with last one as strongest support down in there. 3. T1 break , back tested as resistance and validation. fall back on T2 as support. bull vs bear : as its 50/50 but i think there is downtrend in start of next day but then i expect quick bounce as weekly 20 ema is back to back...
keep it simple and too the point. BTC must go down a bit to invalidate this rising wedge. because its not good for long term bullish momentum. try to go short after 49k region if you want.