Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As Bitcoin in recent times managed to initially bounce in the structure it is now about to build up and as I discovered now Bitcoin is building this major descending-triangle-formation marked in my chart in orange with the coherent wave-count within the triangle...
Hi, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. Since Bitcoin showed up with heavy bearish volatility and increased volume to the downside it somewhat found support and managed to initially recover, these developments, however, did not yet convert into a final continuation-confirmation, therefore it is highly...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. Since Bitcoin heavily pulled back from the established all-time-highs it firstly somewhat recovered in the structure and has now completed this decisive ascending-wedge-formation where it firstly moved bearishly below the reference support zones. This price-action...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspectives. On this more global perspective, Bitcoin is since a more or less long time moving in this main sideways range where it is consolidating between the boundaries of the major ascending-channel-formation marked in my chart, such movements can be distracting for...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin has formed this main inverse head-and-shoulder-formation which is likely to complete within the next times with the finalization of the right shoulder. Besides Bitcoin recently moved above the boundary of this main...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin manages to somewhat move above important remaining resistances and besides that, I discovered an interesting and decisive formation Bitcoin is about to form in the structure now which is an inverse head-and-shoulder-formation with the left...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 3-hour timeframe perspectives. Since this major bullish bounce to the upside recently occurred with Bitcoin moving above important resistance with exceptional demand moving into the market Bitcoin is now testing these main remaining resistances marked in my chart by the descending-resistance-line...
#BTCUSDT LTF Update:- $BTC currently trading at $54900 And now trading at resistance level $55000 If price sustained above $55500 then My target will be $65000 Otherwise ready for $50000 So CryptoPatel Levels:- Above $55500 = $65000 Below $55000 = $50000 If closed ( any small time frame candle minimum 1H candle ) above $55500 then Target would be...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective. Since Bitcoin recently has shown up with this strong bounce to the upside it has formed a very interesting structure determined by this descending-channel-formation marked in my chart with the black boundaries. Recently Bitcoin managed to bounce above the upper...
Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin has shown up with an interesting upside bounce firstly initially on the local timeframe perspective moving above the previous resistance now as I discovered Bitcoin has established this main descending-channel-formation. When Bitcoin manages...
Hi, Welcome to this analysis about Bitcoin, we are looking at the global 4-days timeframe perspective. Since Bitcoin on the more local timeframe perspectives has shown up with bearish declines testing now established supports there is the possibility given that it sets up for a wave to the upside however when this happens Bitcoin will run directly into the...
Well all you bulls might just hate me for saying this but the chart patterns, my technical analysis,indicators/signals,confirmations from my “M.E.L.T.S STRATEGY “ is telling me that we are not done going down using the daily chart, the RSI is a little over sold but at 30 it could be used as momentum when we have not 1 pattern to breakdown but 2 together , a large...
The Louisiana House of Representatives recently passed a bill praising Bitcoin and its eponymous founder Satoshi Nakamoto for "contributing to economic stability." It claims that the flagship cryptocurrency will eventually replace gold as the world's reserve asset. The Chinese government, which is famous for its anti-Bitcoin and anti-cryptocurrency policy, seems...
Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. Since Bitcoin has shown up with its massive bearish declines to the downside it is testing lower support-zones and has now formed this descending-channel-formation marked with the boundaries in black, within this channel Bitcoin has the coherent wave-count and...
Hi, Over a year, we can say that the price of Bitcoin is in the bearish market. Do you want it or not but we have several confirmations from the price action which confirms that it is true. Bearish confirmations from the Daily timeframe: 1. The correction from the top is more than 26% (standard bearish market definition is 20% correction from the top) 2. Almost...
Hi, Welcome to this update-analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As mentioned in the origin-analysis Bitcoin made the major move below the lower boundary where it had strong resistances given likely to show up with a continued pullback, this possibility now fulfilled as expected. As Bitcoin showed up with further...