zolfeyar

zolfeyar Updated 

Today we start the analysis of Bitcoin with different parallel channels. The first channel (gray color) started from the summer of last year and defines the price floor. A scenario that shows that Bitcoin will touch 31 thousand dollars in the worst case, which in my opinion will not happen. The second channel (blue color), which is actually twice the size of the...

zolfeyar Updated 

There are two scenarios. The first scenario is to correct the price until it returns to the ceiling of the parallel channel and then move towards the price of $48,000, and the second scenario is that Bitcoin directly attacks the ceiling of $48,000.

zolfeyar Updated 

There is a bit of resistance at 44397 which it seems to be breaking on the hourly chart. Also, if it crosses the blue trend line, Bitcoin will rise to around 45,000. If it returns from the resistance line, it is expected to fall around 42,500

zolfeyar Updated 

290 days ago, when the Bitcoin rsi index was in the same range, Bitcoin displayed such a behavior pattern as you can see in the chart. This pattern seems to occur in the next 50 days and until the end of the year Bitcoin will fluctuate between 40 thousand and 33 thousand.

zolfeyar Updated 

I predict a three-wave Elliott wave pattern for Bitcoin's movement. The first wave moved towards the bullish target after the 2-day correction. The second wave needs 4 or 5 days to complete its correction and move towards the end of the third wave. The bottom of the wave seems to be $38,000 This pattern shows itself on the 1-hour time frame and is just a...

zolfeyar Updated 

Based on the analysis that can be seen from the dynamic support line and also the ceiling of the parallel channel in which Bitcoin is placed, two scenarios can occur. First, Bitcoin rises to the ceiling of the parallel channel, i.e. $38,000 Second, by breaking the support, it will fall to the middle of the parallel channel, i.e. $32,000

zolfeyar Updated 

After the news of the war, Bitcoin has shown that it does not want to rise. A head and shoulders pattern also seems to be forming and contrary to my previous thoughts, Bitcoin will experience a fall to around $24,000.

zolfeyar Updated 

Bitcoin is in an area that can create a double ceiling. But it seems that the pressure of buyers will release Bitcoin from this point and raise it up to 35 thousand dollars. This analysis will be updated according to market conditions. Especially, the shadow of war and fund amental analysis can change the status of Bitcoin at any moment

zolfeyar Updated 

Fundamental analysis and the effects of the war in Palestine caused Bitcoin to fall. But how far will this fall continue? From the technical analysis and Fibonacci indicator, it can be said that the signs of bitcoin fall can be seen up to 26 thousand dollars.

zolfeyar Updated 

After the end of September, Bitcoin was expected to start its upward movement. By crossing the three-year trend line and the RSI index crossing 50, Bitcoin is expected to approach 35500 by the end of November. The number 35500 is also the first resistance line in the Fibonacci indicator. If Bitcoin goes through this process at its usual speed, it will take about a...

zolfeyar Updated 

I see a parallel channel in the time frame of 1 hour and 4 hours. The floor and ceiling of the channel are compatible with other technical analysis such as the trend line. Bitcoin will probably touch 27200 and then 29000 this week

zolfeyar Updated 

According to the US Inflation Report and Fibonacci Analysis and BTC Annual Trend Support Line, I expect Bitcoin to reach 27500 in 1 hour time frame.

zolfeyar Updated 

I am waiting for Bitcoin at the price of 27600 Bitcoin crashed to 25k recently, but a huge pump followed immediately after a false breakout of the head and shoulders pattern. Bitcoin was heading down to continue in the downtrend to 21k, but a huge buyer suddenly appeared and sent bitcoin to the upside.

zolfeyar Updated 

The behavior of Bitcoin last week shows that the rising wave is not strong. After Powell's speech and the announcement of the US interest rate, Bitcoin was expected to rise, but Bitcoin has faced inactivity and then selling pressure. In the 4-hour time frame, Bitcoin is facing resistance at 61 Fibonacci. I expect a three-way move to 26850