Movement down from bigger head and shoulders was big. We moved down a total of 24%, 27 billion transactions were liquidated. The price moved from the main trend - from the white line to the supply zone and from there back to the area, the trend is also running downwards. Currently waiting in neutral zone. Although Trend to lower areas has been activated.
Bitcoin is continuing upmove. However, My assumed target achieved but think it can go further. So good thing is keep sl tight or Book partial profit.
BITCOIN TECHNICAL ANALYSIS VOL.1 BYC/USD
Head and Shoulders on the hourly for Bitcoin
In this chart. You shall witness basic charting with TheCryptoHumper. This chart has been in effect for a year and is still playing out quite nice still for easy but effect profits.
Attention to the rhythm of the wave for bitcoin. --------------------------------------- Kinnari + Elliott's wave theory 5 + 3 = Waves --------------------------------------- The price is under Wave A, B, and C. ABCDE, Triangle leading by 2-wave. The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave. You have figured out...
30-min chart - New "Value Area " negative sign (U-turn) R-8912 nearby The "Parallel Channel" price congestion expected with decisive zone : still not clear up or down...? ==> ✍ Kindly Vote in comment , what you think Plan A or B? Weekly Trouble/Downtrend: This is the road of the Bitcoin, we can see where it goes together You & I know, trend is...
Plan (B): Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby Bottom of the page, this plan(B) original idea posted. => Below 9819, the price is not bullish and its can continue to create new value are approximately given in projection. If you are holding your position from Plan (B), trial stop-loss on closing base of candle above 9818. And you can...
Hi traders. BTC has approached a support trend line. Believe it is time for a slight push upwards. Week upwards target shown by red arrow. Bitcoin halving coming up soon so price should hopefully rise. Like & drop a follow if you agree! Note: DO NOT FOLLOW THIS TRADE BLINDLY!
All the major resistance and support plotted on the chart. The price breaking out any of these R 9083 and R 8398 will give us new direction of trend . The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel. Traders can trade...
Hello! Friends, I came with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Till trend is up in other timeframe so, 10% higher chance to move up the side. seeking a clue for the time of breakout and direction. The consolidation will continue until we didn't get test...
Hello! Friends, I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page) The breakdown point is important for long traders. I will update the new...
everyone marking a historical moment bottom, major resistance, major support, or the top... nobody listens and now look for yourself u played yourself!
So bitcoin is again over 10k - yay! BUT i think we'll see a pullback to the area that i marked in the chart before we continue our path to the top. Look at the image i linked here. It's form last year and i think we're now on the same place. Take care of your holding :)
BTC is back on prior Up trend line. Still within the channel (aqua). IF BTC stays within the support of up trend line --> staying LONG. Profit Ranges to top of channel (aqua), with strong volume / surge pump look for slightly out of channel to exit.
Nothing more to say that I haven't already noted in the last two charts. Keep holding tight traders. We're about to pop!
________________________________________________________________________________________ KEY TAKEAWAYS -Profitable trading is difficult and successful traders share specific rare characteristics. -It is estimated that more than 80% of traders fail and quit. -One key to success is to identify strategies that win more money than they lose. -Many traders...