The BTC 2 Day just printed a Blood Diamond on Cryptovac A. The last time we saw this happen was back here, and it ended in a 51% correction. Beware the possibility of a sharp correction here, make sure you don't leave yourself exposed or over-leveraged
Here' s #btc ' s falling channel pattern. This pattern also include' s Elliott' s ABC correction wave since 69K and seems not finished yet. I pointed two target prices. According to this channel main target is the lowest one, yes, horrorful. And I expect this will happen before Q2 2024. 17K price is also a strong support that we must reconsider. This scenario...
#Bitcoin (Update) Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed. I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000. Aside this post, Bitcoin is overall bullish. Not a financial...
All BTC supports for the incoming correction on 4H Timeframe. Simple is beautiful: - Green: still bullish outlook - Yellow: limit - Red: bearish outlook All based in data from the last 15 days. Enjoy.
All BTC supports for the incoming correction on Daily Timeframe. Simple is beautiful: - Green: still bullish outlook - Yellow: limit - Red: bearish outlook All based in data from the last 15 days. Enjoy.
Bitcoin likely testing $30k support area of volume remains low and bears stay in charge. Bouncing off and reversing (pink arrow) has lower likelihood than continuation to $24k... followed by support @ $18k. Macroenvironment still presents risk-off in face of rising bond yields, tightening supply via asset reduction shortly after beginning rate hikes. $18k is...
Hello there, I am glad to see that you're reading this, considering that BTC's rising for awhile, It s hard to catch a good entry price on a market transaction, best buying opportunity could stay in limit orders. Indicators seems a little bit tensioned but that could also mean a big buying interest and there are a lot of reasons, technical and fundamental also...
Bitcoin, currently on a rising wedge. Elliott wave on the 5th wave. Will it drop from the rising wedge going for an ABC to the downside?
Please support this idea with a LIKE👍 if you find it useful🥳 We all fail to see the bigger picture of where price will eventually break out to, if a breakout from the triangle occur. Price is in a triangle, making effort to breakout but the upper trendine is serving as strong resistance which is pulling price down. We also have a trendline serving as support...
The wave count unfortunately has been incredibly choppy on small timeframes however, the trend remains in a convincing downward motion (for the time being). Previously, my assumption was that Wave 3C was still in play but that particular idea has been debunked, thanks to fibonacci/elliott wave invalidation. The clearest and simplest wave count shows that we're...
BTC trendline revised. Taking the day when the new ATH was reached in December as a starting point. If we are to go to test this support line at the moment, it would take us to roughly 50500 USD which also coincides with the 90 MA (moving average). And it would be only 23% pull back. So far, we had 4 main pull backs: - 30% - Jan. 7 - Jan. 27 - 27% - Feb. 20 -...
Technical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on daily movement. Can we notice the presence of a corrective wave, right after impulse 4!? What is your vision? I believe that the price is effecting its price correction and, well, it will be able to stop in this considerable support region as well as...
After an impressive run up over the last few months, BTC has made an impulsive move down, which looks to be a clear End of Trend signal IMO The Perma-Bulls will probably try to buy this up and try to test the highs, but it feels like we've got a fair bit more downside to go to me. I'm thinking a pullback to the 0.38 Fib retracement and round number 40,000 level...
I've included a link to a chart by another trader on this platform. EDIT: I cannot paste the link due to reputation not old enough. I'm new here. But, please search Crypto Patel: BTCUSD Again Update about Bearish Diversion( Regarding Drop $18k At first I thought he might have a substance abuse problem, but the more I look at the broader picture, the more...
Yesterday will be remembered this week as the day of the consolidation breakthrough. The sellers broke the $32000-33000 range and tested the $28,800 mark . In our previous idea, we expected a local continuation of movement in the triangle, but globally, we expected a price drop. The price of BTC began to slow down strongly in the range of $30700-31300 ....
Sure enough, the bill comes due after an orgy of buying. Even I threw a bit of cash up there. Triangle in play now that that trend-line has been violated. Everyone remember 2017-2018. Be mindful from now on, cause it can go lower, and DCA works, but be very careful about what you buy and when you buy it. DCA proportionate to the dip if you're going to start...
Dear patrons, I took an L on my call for the double top on my last play. Hopefully everyone had stops placed and didnt get wrecked too hard (like my GF!!). Get ready for tonight, we are getting the last part of our 15% correction that has been due since october. I hope you profited off this breakout, I outlined our target buy zone, be patient and wait for...