#Bitcoin📷
Bitcoin's weekly candle closed below
67K,which is not a good sign. We are now below a critical resistance level.
What are your views on this?
CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD #BTC
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago tried to rise, but failed and started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the 61100 support level, which coincided with the buyer zone. After this, the price made a fake...
The price perfectly fulfilled my previous idea. It reached the target level. As we can see, the BINANCE:BTCUSDT has broken and closed above the flag pattern, a classic trend continuation pattern. The bullish candle that accompanied this break signals a strong display of buying power, indicating a dominant trend. At this point, I anticipate two possible...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday.
💡 Bitcoin seems to be completing a pullback right now.
🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 .
📈In terms of Classic Technical...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10.
👉 Bitcoin is now officially trading within bearish territory.
This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...
⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ).
🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone).
🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves ....
Hi.
BINANCE:BTCUSDT
✅Today, I want to analyze BTC for you in a 9h time frame so that we can have a short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
✨After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) and now he has reached the...
I've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory:
Then we're taking a look at an inverse H&S pattern observed on the daily:
Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower...
Hello TradingView Family / Fellow Traders,
📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher.
What's next?
For the bulls to maintain control, a break above the structure marked in blue is needed.
🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be...
In this analysis, we observe a parallel channel with a range low of 58,576 and a range high of 73,881. On May 1st, there was a drop below the range low (failed auction), followed by a reclaim on May 2nd. By applying a Fibonacci retracement from the May low to the all-time high (ATH), we see a rejection at the 0.5 Fibonacci level on May 6th. Later, support was...
Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k...
Bitcoin (BTC) currently presents two possible scenarios, each with unique potential outcomes. Here, we'll explore both without assigning specific probabilities to avoid bias.
Scenario A: The Bearish Outlook 📉
In this scenario, Bitcoin is forming lower highs and lows within a small cycle. A descending channel could also be drawn if desired. For this scenario to...
since April 13th the market has witnessed a sideways movement meaning an equilibrium between supply and demand until May 20th ended with a breakout of the resistance that qualify this range of being an accumulation, the breakout happened in the same way that wyckoff litterature describes it high volume, wide spreads, firm closes the next step is the final...
Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min)....
hello guys...
there are several facts that btc will be bullish for a while!
1- the upcoming three drives:
three drives is forming so far just the first drive formed
2- moving upper than mid-line of the ascending channel!
3- the price is moving toward the top line of the descending channel!
4- The ascending trendline broke...
Bitcoin We can take new long after some range or SL hunt
In a vidoe i shared why i think BTC can reach new ATH soon. Main reason - Big Liqudations levels
But to take a trade we need clear entry with good risk to reward ratio.
that's why better if price create some range. Example how it can look i shared ina video.
🔥When the ideal target zone is realized, there is an expectation of a callback, so we choose to close the position after reaching the target zone. Congratulations to the friends who followed Wolf King to print money and obtained a rate of return of 800%+.🎉💰🍻
🧠From a structural point of view, we have broken through the turning point, so the bull structure of a...
hi traders,
Let's have a look at BTCUSDT on 1 h time frame.
As we can see, the price reclaimed the important support. However, RSI is overbought now on 1h time frame. I don't think that it will continue the uptrend without a pull-back.
If we get a pull-back and the price retests the support, it may be a great area to enter long position.
Stop loss below the key...
![BTCUSDT: [BTC/USDT] Bitcoin potential accumulation](https://s3.tradingview.com/q/Q4IRzANP_mid.png "[BTC/USDT] Bitcoin potential accumulation")
