Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) . I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time...
Bitcoin is breaking the Important Support line . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze...
BTC still has good momentum. Bitcoin is trading in a range. It is expected to reject upwards when it reaches the POI. Closing a daily candle below the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a...
CRYPTOCAP:BTC back on $66,323 support currently testing it, Previous 1D closed with bearish engulfing if followed thru it might break $66,323 support, next key support $64,344, next support from here $65,521. RSI on 1D looks weak. Watch the support areas, must regain $68,546 support to retest $69,813. Watch given S/R
Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement. Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line . According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for...
Looking at the daily chart for BTC/USDT, the technical indicators reveal key dynamics and potential future movements in the price of Bitcoin. Price Action and Structure: The BTC/USDT pair is currently trading at around $69,673.83, marking a significant uptick of 5.31% for the day. This recent movement brings the price closer to the critical resistance level (R1)...
CRYPTOCAP:BTC #BTC broke below $68,546 support down to $66,323 support which tested and held on last dip, $67,716 being tested as of now, RSI on 4H and 1D getting better, $68,546 support to be regained to reattempt at $71,379-$72,162 resistance area. Watch given s/r
Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign...
From where we put the green flash on the chart, it looks like BTC correction has started. This correction is a triangle or a more complicated pattern, in the first step we wait for the green range to drop. By maintaining the specified supply, it can move towards the targets. Closing a daily candle above the invalidation level will violate the analysis For risk...
CRYPTOCAP:BTC #BTC $69,813 resisting, very weak volume on 1D over the weekend, RSI looking weak on 1D and 4H, $68,546 current support, $72,162 resisted on previous climb, Continue Watching given S/R
CRYPTOCAP:BTC #BTC WOW!!! Look at that, already testing given resistance range $70,766-$71,379. Gaining support here would bring $73,523 test on the table, RSI on 4H is hyped up but 1D looks good, Time to see if it can gain a support of $71,379. Watch given S/R
Keep that in mind : - More we go Down. - More the next bullrun will go High. - Fibonacci Law Rule. - Happy thanksgiving to everyone! 🐔
This pair failed to beat the previous resistance between $72k to $74k and now it will have to turn south to find some momentum. If BITSTAMP:BTCUSD falls as predicted then the 1st line of defense will be at $63k then #60k and finally 58k Always do your analysis before placing and trades and use a hardstop loss in all your trading activities
Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. ...
On the first day of June, the SETUP used indicates a corrective bearish pivot on the long-term chart. Will we have a correction later on, so that the cryptocurrency finally breaks free and reaches new peaks? When we analyze the impressive rise that the cryptocurrency has had in the last 16 months and trace just one Fibonacci retracement, we will see that the 50%...
Hello everyone, with new the month around corner I decided to come back with an update on Bitcoin. I still hold the same opinion as stated in the Q2 update, this update is just for better visual perception of what is going on in my opinion, since I believe we are in some sort of unprecedented time for Bitcoin. Why? Looking at Yellow Parallel Channel we can...
Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) . In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern . I...
BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto...