🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢. 🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴. 📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($71,350-$70,900) 🔴 and seems to have broken the Support line . 🌊According to the theory of Elliott waves , Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5) . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈If Bitcoin's downward momentum is high ,...
-Failed back below horizontal breakout level and previous ATH -Below 9, 21, 50, and 55 daily moving averages -From failed moves come fast moves -Major support at confluence of: 1. March 2024 low 2. 89 Daily ema, 3. Rising trendlines Dec 2023, Jan 2024, and Feb 2024 highs 4. Rising trendline connecting Jan 2024 and Feb 2024 lows
Hello Traders, I hope you have enjoyed our analysis and we have again proved our accuracy in our analysis. Now it's totally on you that you trade on levels or not. Even in today's high volatility of CPI data our levels stays strong. Checkout the latest update on Bitcoin
✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago. 🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle. 🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or...
I have marked the zone between which I change my mind for the future. Until the price accepted the daily closing above 69k, I was looking for a short setup, now that the price has accepted, I already have an open long position with already taken profit and it is almost at break-even with the rest. As long as this zone shows support ,at the same time here I see...
Since reaching the recent all-time high (ATH) near 74k in mid-March, BITSTAMP:BTCUSD has corrected to the 61k zone support and has begun consolidating thereafter. Despite significant volatility over the past three weeks, the overall outlook remains predominantly bullish, offering reassurance to medium to long-term holders. Furthermore, upon examining the daily...
🏃♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴. 🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . 📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart. 🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge...
Looking at this chart, I'm observing Bitcoin's price action against Tether (USDT) on the Binance exchange. We're using a combination of technical indicators and price levels to gauge potential future movements. Firstly, the chart shows a symmetrical triangle pattern forming, which indicates a period of consolidation. A symmetrical triangle is typically considered...
✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times. 🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line . 🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
BTC has been chopping sideway for the last few weeks, and its currently consolidating at its previous ATH. What does this mean for traders and investors? Well, as we take a look into the previous bull cycles, we saw some incredible gains; BTC was released in 2009 , and it's experienced a bull run in 2013, 2017, and 2021 respectively. An existing 4 year...
I’ve been tracking the Bitcoin Halving Cycle for many many moons, trying to analyze as many patterns as possible to give me confluence in a signal for this cycle’s top and bottom. There’s five that I will focus on in this thread: 1. Trough to Peak 2. Halving to Peak 3. Peak to Trough 4. Trough to Trough 5. Fibonacci Extension Note, I do not take the 1st Halving...
📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price: 💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step...
This daily chart has me packing up my things and getting ready to run for the hills! If we do break down from here and start to form some sort of Bat harmonic formation then I will be asking the age old question, "How low can we go?" See my previous post below, which I think may end up reinforcing this on the weekly chart. Could I be wrong? Of course, I...
- Believe it or not. - There's nothing at 100k. - the trend would not be respected. - i was here when BTC broke 10k$ for the first time. - At that time, most traders called for a top and scared. - BTC didn't care and went straight up to 20k$.. - i see only 3 Scenarios. 1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k. 2 : Green...
Bitcoin has deviated from its historical price action tendencies and reached new all-time highs before the bitcoin halving and without touching lifetime support! Does that mean we will continue to go up? How do we trade this? 🤔 Bitcoin is clearly at a crucial moment in the market, breaking beyond the previous $69,500 all-time high and reaching just shy of...
🏃♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances). 💡Another sign that we can point to Bitcoin correction is the...