Hi, Bitcoin reached the local top and it needs correction now. It might sweep high around 28k-30k but after then will correct surely. Targets on the way down based on fib lvls are: ~$25.5k ~$24.3k ~$23.3k ~$22.3k ~$21050 and IF $20k will not hold then $18k and even $17k is on the card. Please hit the boost button if you agree. Thanks.
✅BITCOIN is trading in a Parallel range between the Support and resistance levels And is now making a pullback From the resistance of the range At 29,000$ so we are expecting A move down to retest the Support at 27,000$ however, The coin is in the uptrend so Any short trade is a counter-trend One an is therefore inherently risky Hence the title of the idea ...
The solution to this analysis is to find the most probable reversal point for this corrective move, that is currently happening on Bitcoin. Bitcoin failed to make a parabolic move. If we compare the start of the bull market in 2018, it was different because Bitcoin parabolically rose. But this time is different! We must now concentrate on catching the bottom...
BTC is currently consolidating, a breakout will determine it next stop. Bitcoin has high probability of breaking to the downside, which might move down to 18k
Here is a good analysis on the overall move with Elliott Wave Theory. This makes sense because wave 4 is typically in some sort of sideways movement leading us right into wave 5 - around 28K.
daily rejected resistance and sellers are gaining control 4 hour evening star is shown by a break of structure 0n the hour simply waiting for a lower high on lower timeframes
After the Daily Resistance at the 50% retracement (65K to 28.8K) we have found the choppy zone. Bulls are in control until a 4 hour trend change. The next bullish level on the Daily is 51,150 a the GP. For the downside: support at 42,400 and the .382 would be place to consider taking some short term profits.
Hello guys Thanks for supporting us We expect because of triangle we have more falling price But dont forget stop loss you can use our SL but Its better that you put your SL with your own capital management Be patient to take profit Good Luck Abtin
BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial...
BTCUSD is approaching our first resistance at 4320.0 (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 3867.2 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a...