Hello traders ,what do you think about Bitcoin ? This is a fractal analysis of Bitcoin If this post was useful to you, do not forget to like and comment.❤️
If BTC loses $29K support, where will the bottom form? If previous major resistance tends to become future major support, then to predict BTC's bottom you need to determine previous major resistance. Reasoning: - Major future support = previous major resistance. - $10,000 - $14,000 was a strong multi-year resistance area leading up to the most recent bull run. -...
BTC above(46k) before next dip to below(29k) before 2024 bull rsi 14 (orange) coming below 50 will be a buy zone i myself waiting for rsi 14 to come below 50 and btc to come below 29k and will start to accumulate after 2023 march, that'll be enough
Greetings on a grey Sunday here in the UK...(plz thumbs up and follow) watching the markets and just saw a huge amount of shorts opened up at around $36k expect a push towards lower prices, it's possible we could break the lows earlier in the week but honestly $29k seems to be the target using my spider-sense, I'd keep some liquidity spare just in case, its...
Wassupppp These days are important days. Like i said in a previous chart; its the dicision time. Will we stay on the trendline, and hold the 40k as support? Or will we lose the 40k and go into the 29k direction. I personally think we will hold it. This, because the support here is massive. And secondly, the market does the unexpecting. Many people think it wont...
Bitcoin is in a critical situation where it needs to hold the long term trend line for a last chance to continue the bull market. If BTC loses the trend line, we are most likely heading towards 29K. The market structure could be interpreted as Inverse Head and Shoulders, but the last time it hit the line, it played out the opposite. Some analogies can be done in...
We will go tomorrow up. There is no question about that. This looks for me like a beartrap. Just like we saw in the 58k area, and the 29k area. Big move down, small consolidation, and the same way up and higher.