After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall. Bitcoin has managed to break the lower line of the ascending channel . According to the theory of Elliott waves , it seems that the next corrective waves have started . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . Note: An important point...
For the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions 🔼 CRYPTOCAP:BTC buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and...
BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000...
BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price...
📊#BTC is jumping up and down, what will happen next❓ 🧠From a structural point of view, yesterday we achieved the goal of the double bottom structure and saw a sharp pullback, which is very reasonable. ➡️From the perspective of wave theory, breaking through wave 4 means that wave 5 has ended. ➡️The end of the correction does not mean that it will continue to...
🧠Yesterday, after the bearish head and shoulders structure was established, we entered the market to go short at 69134. However, according to the structure at that time, it may also evolve into a bullish cup and handle structure. Therefore, in order to prevent this possibility, we moved the stop loss down to 69158. But it was eventually swept away and ended with a...
The price is showing weakness here and seems to be inclined to go downwards. Here is a short idea based on this inclination. Next supports are 4HS1 and DS1. We take profit at 4HS1 which is the first support zone. The price may bounce there, and therefore we will reevaluate the price action there. The price may eventually then target DS1 subsequently which is a...
🤷Unfortunately, the long order we left yesterday was wiped out after the stop was moved up. But it doesn’t matter, it’s just a small profit.💰🍻 🧠At present, we have once again come to the contradictory interval, which is also called the unprofitable interval, so we choose to give up the long trading opportunity here. ➡️If we choose to break directly above the...
Dear Traders, We are convening a discussion focused on #ACAUSDT The Trendline With Support is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 50%🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading...
Here is a new long trade idea. The price got rejected from hourly resistance HR1 after bouncing from hourly support HS1 several times. However, on the last drop on this support, the price broke that support and went southwards. The price will likely bounce from 4h support 4HS1 and will create an opportunity for a long trade towards 4h resistance 4HR1. Lets see how...
📊#BTC Bearish Head and Shoulders📉 🧠The downward trend line is broken, which means that wave 5 has ended, that is, the previous adjustment has ended. The end of the adjustment does not mean that the rise will continue, and it may also evolve into a larger downward structure. ➡️Structurally, we have a bearish head and shoulders formation near the sell zone, so we...
#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
🧠We rebounded after reaching the phased buying zone. At present, all the goals of the bullish structure of the small double bottom have been achieved, and there is an expectation of a callback. In addition, the response to touching the downward trend line is good, indicating that it has a strong support and resistance effect. The neckline is also considered an...
BTC / USDT We can see BTC is finally starting to print bullish patterns 1st Pattern : Bull Flag This is strong bullish pattern and will be activated once we breakout the upper purple resistance line 2nd Pattern : Inverse H & S This potential pattern is still under formation If this pattern plays out ..,then BTC could revisit 65k-62k to form the second...
❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴. 📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected. 🔔I expect Bitcoin to continue its downward trend after the rise to the...
#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long...
🌐 Bitcoin seems to have started to increase under the influence of Ethereum ETF news ➕ Inflows into Bitcoin ETFs hit $237 million on Monday . 🏃♂️ Bitcoin is currently moving near the 🔴 Resistance zone($73,780-$71,920) 🔴 and the Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 5 . 🔔I...
Here is a short idea. The price has bounced several times from hourly support but is likely to break it on the next drop. The price may hit hourly resistance HR1 first before that and then reverse from there triggering our short trade. The price is likely to go down towards the target of this trade around 68.3k. Lets see where it goes.