🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market...
Let's dive into the 4-hour chart for BTC/USDT to extract insights and devise a potential trading strategy based on the observed technical data. Key Resistance and Support Levels: Resistance 1 (R1): $59,357.32 - This level is acting as the immediate ceiling for price actions, which if broken, could indicate increased buying momentum. Resistance 2 (R2): $67,373.58...
It seems to me that the correction theorized in previous analyzes is occurring. See the image below: Without further ado, let’s get to the graph. On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The...
we have a displacement after taken sell side liquidity and retest FVG so we will see a expansion to taken liquidity buyside at 67319 - Tading is probability control your risk management. Good luck !
we need to see first breakout above 65K . if that happened with good momentume that a good opportunity to buy your first target will be 73K and maybe will go more . we have two patterns first is correction of ABCDE and the second pattern is head and shoulders be patient and don't be greedy this is my analyse it's not a recomandation to buy or sell !!
The 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis. Key Resistance and Support Levels: Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment. Resistance 2 (R2): $7,384.73...
✅ Bitcoin moved as I expected in the previous post . 💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴. 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves . 💡Also, we can see Regular Divergence(RD-) between two...
CRYPTOCAP:BTC #BTC Dropped below $62,580 support following bearish engulfing on last 4H, Currently trying to regain $63,144, RSI on 4H and 1D looks fine, Previous 1D closed bearish, $61,674 current support area, Needs $64,344 support to reattempt at $65,521-$66,323.
Analyzing the 4-hour chart for BTC/USDT, I'll examine several key technical components to guide my current investment decisions. Key Resistance and Support Levels: Resistance 1 (R1): $67,296.71 - This level signifies a recent peak where the price faced significant resistance. Resistance 2 (R2): $73,864.73 - A higher peak that represents a tougher psychological...
🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in...
Many are optimistic about Bitcoin reaching the $150K-$200K range, let's strip away emotions and look at this logically. Wave Analysis: Wave (1): Concluded around 31K, followed by a shallow flat correction that lasted approximately five to six months, not surpassing the $24K mark (38.2% Fibonacci level). Current Phase - Wave (3): extended, similar to the...
The daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at...
✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more...
🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement . 🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending...
👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
BINANCE:BTCUSDT Start rebuying BTC in the blue box area and buy MORE if it goes down to the green box.
BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right? Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time. On...
The daily chart for Bitcoin (BTC/USDT) illustrates a downward trend with a descending trendline that marks the resistance level (R1). Currently, Bitcoin is priced at $60,082.01, with a significant support level (S1) at $63,097.93, which it has recently broken through. The next support levels are at $59,065.59 (S2) and $56,226.29 (S3). The resistance marked by the...