After breaking the major downtrend line, Bitcoin went up and now making a pullback. The pullback is unfolding in a harmonic pattern. After the harmonic pattern is complete, breaking its right leg downtrend line can be a signal for the next minor uptrend wave; a signal for those who trade the swings. However, keep in mind that it seems Bitcoin is not going to show...
So continuing from the previous analysis, Bitcoin decided to go up and now approaching an important line which in the past have reacted to several times. So keep an eye out for Bitcoin reacting to this line.
BNB bounced back from the bottom of the ascending triangle pattern; prices reacted to the double line as has happened before. Also, a harmonic pattern also ended at the same time in the same position. So, watch for the downtrend line to break as the third signal for the uptrend wave.
Bitcoin went almost according to the previous analysis. Now, the downtrend line is broken along with RSI and Stochastic indicators’ downtrend line. The candle that broke the downtrend line is a strong one and shows that the coming uptrend will probably be strong. However, the 30K area which is a strong magnet area still could pull Bitcoin down. Moreover, if...
It looks like Bitcoin isn't going to change direction any time soon. Following the previous analysis, Bitcoin bounced the first horizontal line and on the second try it couldn’t act as a support line any longer, and Bitcoin broke it. Also, notice that Bitcoin bounced the downtrend line and showed its importance. Since the downtrend momentum is strong, the second...
OK, let’s delve into BTC analysis in more detail: First of all, the major right leg has been removed so that other lines can be seen better. The right leg of the harmonic pattern is still in progress and unfinished. Even though there was a somewhat breakout in the downtrend line, that doesn’t mean the right leg is finished or even failed, but only indicates that...
So, Bitcoin is moving, so far, according to the last analysis. It came down and touched the thick horizontal support line. Since the downward momentum is strong and it came down quicker than expected, the thick horizontal support line will most likely break too. If so, there are two horizontal support lines ahead, the first is a minor and the second one is a major...
Like UNI, DOGE moves in triangular and harmonic patterns. After some news came out about DOGE, it temporarily pumped, then an uptrend wave started. Most probably, the triangular movements will be symmetrical; that is we are gonna have two big triangles in the middle and two small ones on each side. However, keep in mind that Mr. Musk loves to tweet about DOGE thus...
We can see that after the harmonic pattern ended, NEAR started an uptrend wave and now has reached the area in which two resistance lines meet. It looks like the uptrend wave is unfolding in an inverted wedge-like pattern. Since the price has pumped up recently, it is too risky to buy now. It is more probable that NEAR will enter a correction wave and there are...
The second way that we can analyze the BTCUSDT is as follow: If we look at the BTCUSDT chart, a harmonic pattern (Shark or Cypher, can't tell which one) seems to have formed. Also, the first signal for the harmonic pattern ending and uptrend wave starting (which is the right leg of the harmonic pattern break) has happened. If we accept this as a harmonic pattern,...
At this point we can analyze the BTCUSDT in two ways; the first one where the price is moving accordingly is presented here. So, according to the last BTCUSDT analysis, the price has made a minor wave up and has reached the crucial area in which two (or one might say three) important lines meet. Since we didn't see a significant increase in buy volume (or yet to...
So, the previous analysis failed since the uptrend line didn't hold and JASMY didn't bounce off it. After the line broke, JASMY correction continued, and now it looks like we might have a harmonic pattern. We have to wait for the downtrend line (the right leg of the pattern) to break and an increase in buy volume is a plus.
If zoom out, we can see that the Tezos is moving in an inverted wedge/triangle pattern. There are support and resistance lines/areas which when the price reaches, will bounce off it. Currently, XTZ is moving down, also in an inverted wedge/triangle. The best area to buy is when the price reaches the area near the bottom of the pattern.
The previous analysis has failed; the upward channel didn't hold. Price went down to the area which has supported KEEP several times and bounced off it. Will it happen again? we have to wait and see. Keep an eye on KEEP :) P.S. don't forget to monitor the increase in buy volume too.
Will the previous bullish setup repeat? ROSE has broken the long downtrend line. Also, we can see an increase in buy volume. The possibility of ROSE jumping or climbing up fast is low, but not zero. However, it is more probable that something similar to the previous movement would happen.
Price is moving in an uptrend channel. Currently, the price is bouncing off the two minor downtrend lines. After the downtrend line breaks, there are two possible targets; the ascending channel's top line and the horizontal line.
After the plunge, Bitcoin is moving slowly up, or one might say retracting in order to continue moving down. BTCUSDT has reached a crucial area; there is an uptrend line that price has broken down and now its looks like making a pullback on it. There are, also, some horizontal lines that seem price react to them. At this time, two of the most probable cases are...
First of all, be careful, Bitcoin ( BTC ) might make another downtrend wave; as a result, most of the altcoins will go down as well. Once again, NFTUSDT has reached an area (the double line zone) were most probably if broken upwards, the next uptrend wave will start. There is also a downtrend line that also needs to break.