🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
🧠We entered the correction phase after breaking above the downtrend resistance line, which turned into downtrend support line. ➡️The price is currently back within the buy zone marked on the chart and near the downtrend support line, so there is an expectation of a rebound, so please be cautious when shorting!⚠️ The next goal worthy of our attention is to...
✅ Bitcoin moved as I expected in the previous post . 💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴. 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves . 💡Also, we can see Regular Divergence(RD-) between two...
I plan to trade as a short chapter to check whether it is the A section of the 5th wave.
Hi friends nice to meet you I will share BTC RBI Bitcoin Is In Retesting After Breaking through Long-Term downtrend line. If the retest succeeds, the final goal will be at the top of the box pattern. Check the blue long-term upward trend line If there is a little more adjustment, it will be a target value.
Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a...
BTC managed to break up the channel down pattern, but failed to penetrate resistance at level 64435 This level is a bullish confirmation level, which means bullishness will continue if 64K breaks up Currently the consolidation is heading towards bearish with a maximum target at 60037, and there will be a pump if this level is touched this week I will update this...
First trade the rebound opportunity in the downtrend, and short after the long position ends, tp60240
MACD is about to form a death cross pattern, and the price is fluctuating near the trend line. Combined with indicator analysis, the probability of falling is greater, so the trading strategy is to short, TP around 62200
Bitcoin lacks the momentum and is gathering liquidity around $63,245 that will continue to act as the magnet. A quick dip to below $63,245 towards $63,244 or the zone around $60,239 followed by a strong bullish rejection can lead to a long scalp opportunity. A consolidation above $63,245 will be considered as a sign of strength and will lead to more...
As we can see btc has swept liquidity below 60K$ and again reclaimed that level so its mean do not sleep over this oppertunity. A massive pump coming after a decent pull back towards 60K$ again, this will be best buying oppertunity in btc as well as in Altscoins.
Btc trend is still in upward trend. It has formed liquidity pool around 65.5k$ area which I am expecting to be tapped soon. Possible scenario is given on chart. We can see bounce back from OB+FVG+SSL area then towards liquidity pool. Remember this is shorter term possibility.
#BTC closed around $62,800, defying CT's expectations for a drop to $52,000. Now, we'll see if it can close above the blue moving average and confirm this whole move as a deviation, a pattern Bitcoin often follows. Otherwise, the doors to GETTEX:52K remain open, with this current move possibly being just a retest. So we wait, patience is key! Keep an eye on...
🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in...
Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges. Most of small traders and investors have no idea of what will happen next months, all the data is being handled...
I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
Bitcoin Price prediction after halving: After the halving, Bitcoin's price typically moved sideways or exhibited a slight bearish trend for 1-3 months in the past three cycles. We can anticipate a similar sideways movement for the next 1-2 months before a significant upward surge. Once the sideways movement concludes, we can expect a robust bull run. In the past...
➡️From the previous article I talked about the idea of the buy zone turning into a resistance zone and the idea of looking for shorting opportunities when the price comes near the downtrend resistance line. 🧠The price is now close to the area I described, so look for short signals here. If you hold long orders, you can reduce or close the position. Only after...