bestfarbit74

bestfarbit74

Hi everyone after perfect price decline, BTC now is retracing and for short term BTC seems to act like what I drew on my chart. so we have to wait for a while and see what on the table. you can see on weekly time frame the volume is low and MACD shows negative direction right now my focus is on 4H time frame but I wouldn't be surprised if BTC can't hold...

bestfarbit74

If you followed my last analyse you see the H&S pattern worked well. it shows healthy trend market as it could be. So what now? as you could see on my chart the price passed down our main resistance line and entered the cloud that means we are dealing with some consolidation days. if the price decline more after that I expect to see the price somewhere around...

bestfarbit74

Hi traders First of all my target zon 1# that I mentioned ( refers to my last published idea) just completed. as you can see now on my chart new H&S pattern is going to complete. so based on our H&S pattern the main BTC target zone could be around 8700$. On the other hand there is a grate resistance near our 200 EMA( white line ). if the price could break down...

bestfarbit74 Updated 

Hi traders everything is clear in my chart no need to explain more.just mention if the price bounces of any of those key levels it could lead us a fresh uptrend. Good Luck

bestfarbit74 Updated 

well guys BTC seems not completed its 5waves uptrend yet. so if the chart I draw is validate the last wave (5) should act like that after the last ABC correction(the green one) done at the red box area. I am waiting to see if it is true . let me know if U agree or disagree. wish the best luck :)

bestfarbit74

As mentioned my last post BTC couldn't keep on the up trend so it has to correct its wave.we can see on our Divergence indicator. btc seems to complete its 5 waves and its time to correct the price, as you can see in my 4H time frame the price crossed down the yellow 200HMA (hull moving average) indicating bearish side to complete the (A) , acts as resistance for...

bestfarbit74

BTC just had a nice price action and bulls seems exhausted right now so it could decline somewhere between 8000$-7800$ (after some consolidation days) around next week.