I have been monitoring this chart for some time Seems to be preparing to reverse the trend With the failure of the rsi roof As well as the downtrend can be a good long position of the market I'm waiting for now note : Ascending channels are usually broken from the floor and descending channels from the ceiling The more collisions with trend lines, the longer...
The failure of the triangle on either side will determine the bit torrent trend Given the current market conditions, there is a possibility of a correction If reach the shopping area, I will buy in two steps. If break the triangle roof with a powerful candlestick, I will buy it in Pullback target set by Fibonacci rsi can announce the breaking news sooner
Bitcoin trends from different angle: If it can not enter its previous uptrend channel with a strong candlestick and a good trading volume, it can make short-term corrections up to the specified area. Given that the buyer power in the $ 50,000 to $ 53,000 area was excellent, I think it can re-enter its uptrend channel. Good luck
In 2020, Bitcoin entered a long-term uptrend channel Which left its ascending channel on 5-2021 and with the price falling to the range of 29,000 to 30,000 $ There are currently two scenarios for Bitcoin Scenario 1 (optimistic) Complete the bitcoin correction in the range of $ 37,500 to $ 40,000, and after breaking the range of $ 58,000 to $ 64,000, re-enter...
After the previous analysis in Bitcoin Weekly Time, I was expecting a correction I think the reform is coming to an end Bitcoin reacted well to its daily cloud floor, which was my first buying area In the weekly time frame, the worst case scenario is for the price to reach the range of $ 47,000 to $ 48,000, and if it reaches this area, I will make the second step...
As I expected, Bitcoin entered its correction process At the moment, the weekly time frame has not yet reached the 0.5 Fibonacci zone If there is no strong support for bitcoin in that area (In my opinion, it is unlikely) , area 0.618 will be tested The worst case scenario is a drop in prices to $ 37,500 The best return scenario is from $ 41,000 I buy from $...
The value of the crypto market has gone out of its uptrend channel Due to the shape of the Ichimoku cloud and if exciting news is not sent to the market At best, we will stay in the downtrend for about a month To return to the first uptrend, there must be absolute fear in the market In any case, this price drop is just a correction Do not trade in market...
Crypto Market Cap is approaching its resistance Save profits in the market is evident by big money If the resistance is broken by force (which is unlikely) the uptrend will continue Otherwise, after a temporary growth, we will see a correction in the market Be careful in your purchases and do not forget to save profit Good luck