BTC-USD
How long will the gala continue to fall ???Hello dear friends
How long will the gala continue to fall ???
According to the analysis shown in the chart, I think this coin can approach the strong support in two moves, and after a few short and tight waves in the P.R.Z area, we can hope to change the trend from bearish to bullish.
If this happens in the daily time frame, this coin can enter the big three wave and experience a strong upward movement.
******Appropriate entry points for supports and resistances according to the chart*******
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BTC/USD - weekly Analytics + Altcoins 10.01.2022On January 8, the peak of investor pessimism was updated, which indicates a high probability of the end of the current correctional pullback. Technically, a false break of 41.600 was drawn, which also increases the chances of forming a rising trend.
We single out TRON as the most promising coin for the development of a steady growing trend. Also in coin Algorand(ALGO) the probability of growth of quotations is increased.
Is BTC correction at the end of the path ???Hello dear friends
Is BTC correction at the end of the path ???
To answer this question, I recommend that we examine the chart carefully and with a little pessimism
We see a valid trend line marked in blue and a static support at the Fibonacci level of 0.618 below the price.
Also a downtrend line shown in red
Well, I think this support is the last valid support to keep the price in the 40K channel, and if the selling pressure continues, the lower target is in the 30K range.
Fundamentally, it seems a little unlikely that the price will fall to that range
As a result, I think the likelihood of further correction in the current range is greater than further price declines
And in case of breaking the downtrend line, this scenario can be greatly strengthened.
So we follow the process carefully and intelligently so that we can make profitable business decisions
******Appropriate entry points for supports and resistances according to the chart*******
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Thanks dear friends.
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BTC/USD - weekly Analytics + Altcoins 05.01.2022From 07.12.2021 till now bitcoin, in our opinion, continues to be in correction to the momentum from 04.12.2021, the probability of growth of quotations in the medium term is high, the pessimism of investors further confirms this idea. Ascent to the area of $50,000 will increase the chances of the formation of a stable long trend.
We single out TRON as the most promising coin for the development of a sustainable rising trend. Also in coin Algorand(ALGO) the probability of growth of quotations is increased.
BTC/USD Down below $20KWe can see BTC forming massive H&S on daily, weekly and monthly charts. The height of the key support is approximately 70%, and as you know, the fall equals the height percentage. If BTC breaks through the vital support, we have a rough ride down the hill until we hit bear bottom, and after that, we see a price correction which can take six months, 12 months or longer before we see another bull run and new ATH.
US Dollar FailureIt is pretty clear from the chart the US Dollar is going to have problems breaking the 8/1 Gann ratio and the 0.618 Fib.
The 0.618 Fib has been the most important level for the dollar for the last 30 years , 101 seems like an impossible task to close above with only doing it once in its history in 1999 , by 2003 we feel under and have failed every rally to get above it.
It's literally been 22 years since the dollar has closed a monthly candle above the 0.618 , showing incredible weakness. In January 2017 we had our first attempt since 1999 and failed.
Now the US dollar is facing the 8/1 Gann ratio and breaking that is not going to be easy. As you can see two amazing reactions of this Gann Fans literally catching the top wick in January 2017 and March 2020. Amazing reaction so far , from my experience with Gann Fans a double rejection of the 8/1 Gann is extremely bearish. If it had any real strength it should have broken it by second attempt.
I have also set a Fib time sequence using the impulse wave from 1999 down to 2003 and as you can see we get an interesting timeline of events, not amazing reactions but pretty decent. The next date is April 2024, Could be the year the next rejection of the 8/1 Gann Fan?
With massive bearish divergence on the Dow Jones something big is coming take a look below at the 6month chart on the RSI
Massive bearish divergence it's there and its building up with a possible conclusion July 2024 ,I cover this in my TA below
So will the Dollar be rejected at the 8/1 Gann Mid 2024 for the third time? If so, expect a move down to 82 dollars.
BTC/USD - weekly Analytics + Altcoins 27.12.2021Locally, bitcoin has formed a correction on the uptrend, also a false break from the level of 50.200 was drawn, which significantly increases the chances for the continuation of growth of quotations, the moderate pessimism of investors further confirms this idea.
We single out TRON as the most promising coin for the development of a stable growing trend. Also in the coin Algorand(ALGO) the probability of growth of quotations is increased.