According to the previous analyses, the trend is still bearish for those interested in knowing what will happen to Bitcoin in the future or wanting to trade on it. The situation is likely to happen as shown in the image. Follow me, like, comment, and any questions. Observe the money management and the stop loss.
I checked the chart more. I see that there is a correction in this downtrend for the lower timeframe. The general trend is according to the previous analyses.
Hello !! Welcome to the quick update of BTCUSDT. As I said in my last chart: BTC could dump more and may take a bounce from either 35000 or 33000 as it broke down the long term bear flag. As seen in the last 12 hours, BTC was unable to hold the 35800 mark and broke down the 1st level of support i.e. 35000, touched 34200, and is currently trading around 34600...
BTCUSDT rejected the resistance price @ 52,000 since the beginning of the month and since then came down to 40500 to form a support. Price still holding at that support area (40500/39600)and from a bigger picture on the Daily TF, we can spot a bullish continuation flag pattern. Price has been under pressure in the support area and showing us that the bulls are...
(A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR....
As you can see the breakout has cleared expectations quite massively It broke to our expected areas, highlighted by the % change ranges and also the 1.618 fib However it then flipped these areas to support and has now reached the 2.618 fib This is a crazy push, the MACD positive cross helped the momentum printing an almost $2000 candle If it can flip the 2.618 to...