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...
In this analysis I want to take a look at Bitcoin's long-term performance. Specifically, the performance of the last three bear markets and the following bull-markets. I'm omitting data from before 2014 because BTC was still in it's early growth phase and was basically only trading up. As seen on the chart, Bitcoin bear- and bull-markets have been very similar. 3...
HBAR has been trading inside a bullish channel for over a year at this point. This trade assumes that the channel pattern will continue to play out in the future. I'm waiting for more bearishness for this token. Ideally, we're going to move down towards the bottom support of the pattern. Placing an entry at the support, SL below the June lows with a target at the...
BTC analysis is still in accordance with the analysis some time ago. Where the price goes down to SND and is currently still continuing the bearish trend. Seen prices approaching Wave 2, had seen bullish some time ago but the price returned to the 25800 area. There is a possibility that the price drops back more than wave 2. If this occurs is likely to be fake...
btc is primed to make new lows this year, all the ETF talk is about to catch a lot of traders and hodlers off-guard...stay safe frens
Seems as though we’ve broken through a few resistances. The buyers show up to support on the 4hr uptrend. TP ~26100 SL ~25700
This is the local weekly distribution and the 123 setup I mentioned in my last post
I pulled the fractal from the 2019 bear market and flipped it. It seems as though we are currently in a macro accumulation phase, where we just formed the Sign of Strength in Phase B by taking out the highs from the Automatic Rally. On a smaller time frame, this entire channel upwards has been a re-distribution forming. You can see a daily bearish divergence...
This may be the bearish retest of #bitcoin #btc before the dump. Not financial advice.
The graph is logarithmic. A large time frame of 1 month (to understand the essence of cycles). Main trend (part). 🧠🗣I wrote about it before and showed examples many times. Everything is developing according to a logical plan at this point. I'll remind you again, with lots of examples. 1️⃣🔴🟣🟢There is a high probability that after this intermediate cycle, there...
btcusdt Considering the liquidity that exists under the previous hole, it is likely to fall to the level of $20,000 and from there He decides to return or continue the downward trend.
In this post, I want to draw your attention to a new type of technical analysis. From November 2021 to November 2022 we had two major corrective moves, and now we are entering a new wave of movement where we can expect to see a rally from around $21,800 to at least $40,000. Also I expect the 130k as our next target for halving bullrun! Note that whenever a step...
Bitcoin's price exhibited a negative response upon reaching the $28,000 resistance level. Subsequently, it retraced to its support zone due to the prevailing downtrend observed on higher timeframes. Notably, the previously observed ceilings of range channels have transformed into resistance levels once again. This price action has led Bitcoin to revisit a...
hello guys... as you see the day before yesterday USD become stronger and everything against it dump a lot! at the same time, btc breakout down the ascending channel so it is not out of our minds if this coin wanna touch the 23k level! before that, the orange circle should break out! then, there are two scenarios: the price is going to touch the retrace area...
Hello friends In the major period and in the weekly time frame, if we accept that at the price of $69,000, the 5-wave bullish Bitcoin has ended, we can imagine that we are still taking corrective steps. Also, by hitting the supply area of 30-33 thousand dollars, we saw the breaking of the Rising Wedge pattern, which makes the above analysis more likely to be...
Comparing the past ten years, there have been three bull market rises. The focus is on the relatively large V-shaped bottom trend. This effect can only be seen through the vertical screen. It is still in the stage of upward breakthrough from the bottom and is still in the early stage of the bull market. It is far away from the previous high and The new high is...
BTC needs to protect 27000-27500 Zone to protect bullish pattern. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on...
Last week, we drew attention to Bitcoin deviating too far from its moving averages. We noted that such extreme deviation made a good case for a significant rebound in the price of Bitcoin before further downside. After a few days, we saw the first attempt of Bitcoin to retrace toward its 20-day SMA, which failed at $26,800. After this failure and Bitcoin falling...