BITCOIN'S NEXT MOVE: A 15-MINUTE ANALYSIS!!
👉"This analysis provides a short-term roadmap for #Bitcoin.
🔰Based on a 15-minute timeframe, Bitcoin could initiate a decline from either the 60701.31 level or the high of the bull channel depicted in the figure (hypothetical channel), targeting 59671.09 and subsequently 58497.06.
🔰A breakout of the 60701.31 resistance on the 15-minute timeframe could potentially create a temporary rally to the channel's high (smaller green rectangle).
🔰For #Bitcoin to sustain a continuous bull-trend, it must breach the upward channel shown in the figure and confirm the pullback!!
🔰In this scenario, the minimum growth target would be the 62731.30-62918.34 range."
⭐What's your opinion on the short-term movement of #Bitcoin❓
🔰Based on a 15-minute timeframe, Bitcoin could initiate a decline from either the 60701.31 level or the high of the bull channel depicted in the figure (hypothetical channel), targeting 59671.09 and subsequently 58497.06.
🔰A breakout of the 60701.31 resistance on the 15-minute timeframe could potentially create a temporary rally to the channel's high (smaller green rectangle).
🔰For #Bitcoin to sustain a continuous bull-trend, it must breach the upward channel shown in the figure and confirm the pullback!!
🔰In this scenario, the minimum growth target would be the 62731.30-62918.34 range."
⭐What's your opinion on the short-term movement of #Bitcoin❓
Note
🔄#BITCOIN analysis update - August 10
⏳Based on the 15m time-frame:
🔰After breaking the 60701.31 resistance:
Bitcoin advanced to the high of the hypothetical bullish channel, as per the temporary growth scenario.
🔰#Bitcoin might now enter a bearish phase.
🔰On the 1-minute timeframe, spotting reversal patterns could signal a sell order.
Note
🔄#BITCOIN analysis update - August 11
⏳Based on the 15m time-frame:
✅Bitcoin, after a temporary rise and touching the high of the bullish channel, started its decline as predicted.
🔰This decline can continue towards the specified targets in the figure.
If I find more points about #BITCOIN than this analysis, I will post a new analysis today.
🔰Did you take advantage of this decline from the channel high?
Note
Hi,
As predicted, the #BITCOIN decline started from the high of the bullish channel, and the first target has been achieved so far✅💵💵
Trade closed: target reached
✅The second target, equivalent to the price of 58497.06, has been achieved💵
In total, this analysis has reached its full target🎯🎯
⏳A new analysis will be posted soon⏳
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.