✅Bitcoin seems to have succeeded in forming an Ascending Broadening Wedge Pattern . 🌊Regarding Elliott waves , corrective waves in the Ascending Broadening Wedge Pattern follow the Double Three Correction structure(WXY) . 🔔After breaking the lower line of the wedge pattern, I expect Bitcoin to fall at least to 🟡 Price Reversal Zone(PRZ) 🟡and break the 🟢...
Ever since BTC fell through the yellow support line, I've been largely bearish on BTC and argued that the 2023 is likely to be in. After the initial drop, BTC as surprisingly recovered most of the initial drop and currently retesting the top purple support. As long as we will not confirm the break out by closing the weekly above the resistance, the bears are...
Hbar 1W chart looking amazing. Coiling up to breakout in the next few weeks/months. Definitely a great project with great fundamentals as well. Keep your eye on this one when it rips
A monumental move could happen at any time in these upcoming weeks. In this weekly chart of BITSTAMP:BTCUSD , the historic triangle or the apex dating back from 2013 is nearing an end. This upcoming month should be a decisive point for the coin, and we should be mindful of it. From a technical analysis perspective, the triangle consists of a nearly two-year-old...
Recently, Ethereum experienced the breakage of its long-term trend channel, which had been maintained since its inception. This channel represented a consistent growth trajectory over the years. The loss of this technical support suggests a significant shift in the cryptocurrency market, with the possibility of an extended adjustment period that could extend until...
Bitcoin / BTCUSD on the 1month chart has the RSI consolidating over its MA line but under a Rising Resistance. We have had the same kind of consolidation in the last two Cycles while the price was inside the Arc pattern, under the Falling Resistance of the Bear Cycle. After that broke, a Channel Up took the price to the new Bull Cycle High. By connecting each...
Tether has been at an ATH for a couple of months now. With 3 month bond yield, sticking well over 5% for over 4 months, this has been a very very profitable business for Tether. Thether keeps most of their funds in short term bonds. Maybe by now they have also locked in some long term bonds. They could easily have a portion of their portfolio in 5Y bonds,...
seems like has already bottomed out and getting ready for solid recovery formed and breaking descending channel expecting breakout soon incase of successful breakout expecting massive recovery in midterm expecting 200% bullish wave in midterm incase of successful breakout
looks like a rocket ready to fly out of atmosphere, I'm not sure, just a felling about a party
We have inverse symmetrical. Nice figure. We will see if the btc drop in the next days or not ? Will look up that.
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis (BTC) had a brief stint above the 28,000 level late on Thursday, as market volatility increased ahead of today’s nonfarm payrolls report. BTC/USD peaked at 28,091.86 towards the tail end of yesterday’s session, before slipping to a bottom of 27,375.60 earlier today. Prices have...
As discussed previously, we saw clear divergence on 15min chart and after testing patience of bull by doing one more lower low on price chart price has indeed moved up. This is the usual trick, they took out retail longs and their stops, this is the area to be careful, see doing analysis is not hard, having patience and deep enough pockets to follow the analysis...
Hello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First of all, we will use the yellow line to mark the local upward trend line from which the price broke down. As we can see, despite several attempts to return above this line, the price was rejected. Now we can move on to marking...
"As you can see, Bitcoin is in a rising channel on the 4-hour timeframe, and now we can observe a Falling Wedge pattern. As you know, the Falling Wedge pattern is one of the bullish classic patterns that can push the price higher towards the top of the channel. However, don't forget that eventually, the rising pattern must break from the bottom of the channel, and...
Bitcoin (BTC) technical analysis: Trade setup : Trends are mixed. Price bounced off of FWB:25K support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near FWB:25K support for another swing...
First attempt to short CRYPTOCAP:BTC with a small bag... If TVC:DXY loses strengt, I will cut early. But when confirmed, I will buy more on the way...
Hello friends As it can be seen that Bitcoin has lost its power to climb, a character change has occurred in the 1-hour time frame. that if we return to the desired area and receive confirmation in the time frame of 5 minutes, we will enter the short position to the specified targets