Bitcoin rallied off the mid 50Ks as per my illustration in my previous article and has tested the 64K resistance area. Reacting to levels within a range is typical and in these cases it is important to pay close attention to the short term price structure and relative support/resistance levels. While NOTHING works 100% of the time, this technique is how I am able...
Should this play out, it could see a significant run up against Bitcoin. Presently the lowest wick on this 3rd bottom hit directly in the center of the previous two. It may continue lower beforehand, or it may already be done bottoming.
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BTC: Retracement is possible and it is part of the cycle after it moved to top. Remember the 0.618 level is where it is affecting the movement.
In green, the wedge; purple arrows show possible targets As the vertix of wedge coincides with strong support, I believe CRYPTOCAP:BTC has more room to go up
If bitcoin follows the long trendline and rejects at the top it will make ath for this cycle 120k
hello guys. sorry for the last analysis. it is the right one! Technical Analysis: The chart shows that Bitcoin is facing a significant rejection near the QML (Quasimodo Line), indicating a strong supply zone. Price has failed to break through the supply zone, resulting in a potential double-top pattern, a bearish signal. There is a strong support level...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded inside the range, where it at once rebounded from the buyer zone to the bottom part. After this, it turned around and rose back, and some time traded between 58000 level. Soon, the price broke this level, thereby exiting from the range and later...
Hello,Traders! BITCOIN went up sharply Just as I predicted but the Coin has reached a horizontal Resistance level of 65,000$ From where we will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BINANCE:BTCUSD check my last post, these are the two scenarios which can play out, let's hope for the best!
BINANCE:BTCUSD I have faith in this, this is something that should play out, should be a wonderful trade if it goes right.
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The following is an explanation of how to use the indicators included in the chart. If you don't need to see how to use the indicators, you don't have to read it. - (15m chart) Currently, it...
Price action have broken through the 50-100-150 simple moving averages. all averages are aligned according to there respective timeframe. Moving averages are all sloping upward. RSI ignored a potential downtrend and broke market structure. Two curves shown are resistance and support for the price action. The break of structure occured roughly around the 14th...
**Crypto (ETH/BTC and ETH) review** *General outlook* Bitcoin is now facing resistance at a crucial pivot point to create the first higher high in months, BTC needs to break through the downward trendline (red) and the pivot high at $65,000. This breakthrough could push Bitcoin towards the highs of $69,000–$72,000 and bring an influx of capital to the broader...
🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step,...
I think #BTC.D is done>> Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Reacting and testing level identified. Bulls need to break this level (63380) and the pivot (65k) as a show of force. Here is my conservative take if an impulse completes. All hinges on 61779 and (1) pivot holding. Possible...
Bitcoin is showing bullish momentum, trading within an upward channel. After retracing to the channel’s upper boundary, it’s possible that the price could test the major hourly resistance level again before a potential bearish reversal.