Bitcoin is currently moving in the Support zone($55,780-$54,550) near the Support lines and 100_SMA(4H-TF) . According to Elliott's wave theory , Bitcoin is completing microwave 5 of the main wave 5 . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect Bitcoin to rise to at least $59,000 after breaking the Resistance line . ...
Bitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ). Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that...
CRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
Bitcoin moved as I expected in yesterday's post . Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) . It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern . After breaking the small Support zone , I expect Bitcoin...
CRYPTOCAP:BTC #BTC $60,629 resistance held strong, $58,290 support in effect rn, current 1D looking bullish, last weekly close put bullish engulfing - expect $64,344 test if followed thru. RSI on 4H looks fine, continue watching given S/R
hello guys. Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend. Breakout Above the Neckline: The price has broken above the neckline, which...
Bitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the ...
Bitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel . According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel . I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel . Note: If Bitcoin...
BTC/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Bitcoin (BTC) on a 4-hour timeframe, displaying key forecasted Buy signals. Below are the significant dates for potential trading opportunities: 🟢 September 9, 2024, 01:00 PM - Buy Date (Green Line): This marks a local bottom, signaling a potential opportunity to accumulate long positions. Expect the price...
Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) . From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin . From the point of view of Elliott...
CRYPTOCAP:BTC #BTC As expected testing $56,557 support, Next key support at $54,364, Failed to follow up on bullish engulfing on 1D which was pretty clear yesterday. RSI on 4H almost in oversold region, $58,882 will resist, $61,953 key resistance. $52,529 next key support after $54,364.
CRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
Bitcoin (BTCUSD) has been following very closely the structural patterns of past Cycles and one analysis we did on the similarity sequences with cyclical fractals has been the following (September 19 2023): As you can see, BTC followed the exact path we plotted and did what was expected by breaking above the 1W MA100 (green trend-line). With the price...
🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE: August 31, 2024, 8:00 PM - Green Line: This time indicates a...
Bitcoin moved towards the Support zone($58,520-$57,100) as I expected . Bitcoin is moving in the Support zone($58,520-$57,100) . According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave . I expect Bitcoin to start rising again from the Fibonacci levels to my targets . Note: If Bitcoin loses the Support...
As I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different . Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) . Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the ...
Bitcoin was accompanied by increases and decreases ( high momentum ) in the past days. Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) . I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop...
Bitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its...