An idea for BTCUSD Within an up channel however i think this will fall towards a previous point of support Diagonal lines show similar fractals however the first one being within the channel. Resistance turning into support in both situations.
I pulled up an old chart of mine with these trend lines and price has done a good job staying within them. This leads me to believe that we'll still get the move down that I've been expecting back into the $22k-23k region. As you can clearly see from the chart, the area hasn't been tested as support. I think that'll need to happen prior to seeing our final move...
Hello Traders BTC is soooo weak so don't expect too much from it. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is...
Another new recent low for $BTC. This area is VERY IMPORTANT. VERY IMPORTANT! Historically this area has been trouble for #BTC to break above once it has gone below it. We are seeing positive RSi divergence but we never go by this, need to see a good trend first. ( CRYPTOCAP:BTC historical trading in this area) IF #BTC gets a bump here with volume AND IF IT ...
Hello,Traders! BITCOIN went further down And is now retesting the strong Horizontal support of 24,890$ So I think that we will see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin started yet another week trading under the 26,000 level, as traders began to prepare for upcoming U.S. economic releases. BTC/USD slipped to a low of 25,620.46 earlier in today’s session, after ending the weekend at a peak of 25,978.13. Monday’s decline in price saw bitcoin...
EOS needs to break 2$ to get on a mini-bullrun to all-time highs and beyond, with main support at 4-5$. Otherwise - when rejected - this project will go down forever.
Bitcoin (BTCUSD) couldn't avoid the Death Cross formation on the 1D time-frame as a result of August's decline. This is technically a bearish pattern, where the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line). So how bad can it be? To answer that, we can look into the historic price action of course through past occurrences of the Death...
Hello, everybody! I think most of traders now have the bearish outlook on CRYPTOCAP:BTC . In general, we agree that price will reach new lows, but funding rate now is negative, which means nobody believes in any bounce. At the same time looking at the price chart we can see that BTCUSDT has almost finished the wave 1 of the last bearish wave. This...
We've observed a clear bearish rejection on the weekly chart for both Bitcoin and PAXG (tokenized gold) spread. However, on the monthly chart, we've experienced a breakout. This situation presents two possible scenarios: Micro Moves and Bullish Retest: It's possible that we are currently in a phase of smaller, more intricate price movements, and the market could...
Last weeks high: $26451.2 Last weeks low: $25896.7 Midpoint: $25342.2 For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low. This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's...
Bitcoin has the possibility of returning up to 2% after the fall that it showed in 4 hours, but this return and growth requires a stabilization or a positive reaction from this digital currency, so it should be considered whether the divergence or stabilization candle in 4 Will it happen in the next hour or not? Meanwhile, in the daily time, if it does not close...
Hey everyone, Let's dive into our analysis of Bitcoin (BTC) and see what's been happening lately. First off, we noticed a descending channel forming, which is a common pattern in technical analysis. However, something interesting happened – BTC managed to break out of this channel. But hold on, the story doesn't end there. After the breakout, BTC didn't quite...
In my opinion, Bitcoin is still lagging behind the fall of other markets, and the specified floors and levels are easily broken in 4 hours time. The market maker is trying his best to make this asset unpredictable, but we are breaking it with a lot of effort Not financial advice
Hello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves. Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave. After a full cycle, we expect to correct waves that include 3 waves. The first and 3rd in bearish and...
🌟Bitcoin managed to form a Shooting Star Candlestick Pattern in 🟡 Price Reversal Zone(PRZ) 🟡. 🌊Regarding Elliott waves , it looks like Bitcoin is completing the Double Three Correction waves (WXY), although I have another wave count for wave 4, which again points to Bitcoin falling . 🔔I expect Bitcoin to Fall near the Support line . ...
✅As I expected, Bitcoin is completing the waves that I shared with you in the last few days. (I suggest you follow the previous posts to get a better understanding of the Bitcoin roadmap .). ↘️Bitcoin came back below the Resistance line and attacked the 🟢 Support zone($25,840_$25,600) 🟢. 🌊In terms of Elliott wave theory , Bitcoin is completing its 5-wave...
✅As I expected in the post a few hours ago, Bitcoin was able to break the Resistance line(1) and reach the 🟡 Price Reversal Zone(PRZ) 🟡.👇 🌊According to the theory of Elliott waves , Bitcoin managed to complete the Double Three Correction(WXY) waves at the 🟡 Price Reversal Zone(PRZ) 🟡 and the Resistance line(2) . 💡Also, we can see a Regular...