BINANCE:BTCUSDT Hello dear friends, keep in mind that bitcoin In four days it has reached over sixty thousand and the ceiling Has broken the channel and has twice had a pullback likely again There will be a return to the channel and if it progresses Above 62,500 we can see higher price caps
BINANCE:BTCUSDT Friends, keep in mind that bitcoin is a resistance It is heavy, which means that it may not be able to continue to progress And in the event of a fall, there are two areas of support, the first support Level 1 is Fibonacci if done in case of short correction Level 1 is suitable and in case of long correction the range is 53136 It will be...
BINANCE:BTCUSDT As expected, the flag pattern was broken upwards And is trying to defeat the 56589 resistance and in the face Failure of this price level can advance up to 60 thousand
BINANCE:BTCUSDT Friends keep in mind the price within a flag pattern Is located and once penetrated upwards and probability It has to penetrate upwards again and in the face Closing the high price of the flag pattern can break the level of 0.786 and move forward
BINANCE:BTCUSDT If Bitcoin intends to modify according Range to the previous ceiling that collided with it inside the triangle Correction is 53,000 if it falls from this area Wait until the price reaches the ceiling of the Pulbeck triangle again And then decide on the process
BINANCE:BTCUSDT In the daily time frame you can see that there is a triangle And the price reached the ceiling of the triangle and reacted with a red candle And a double-button pattern is completed and Correction can be made and then continue to break the triangular roof
BINANCE:BTCUSDT Given the long-term price channel of Bitcoin, we see that price It is close to the ceiling of its channel and is 0.618 on the ceiling Which can slow down the progress for bitcoin and after Breaking the 0.618 price level could advance to the next Fibonacci level
BINANCE:ETHUSDT As you can see, there is a trend similar to the bitcoin trend And if we drew a triangle, we could see the failure of the roof But now you can see the price after hitting the ceiling The price channel has reacted and can be corrected as Let's consider and wait for the canal roof to break because it will make good progress
BINANCE:BTCUSDT Bitcoin's recent support has pushed prices back into the triangle Has been and due to the volume of the last two candlesticks tend to buy more than Is selling and now the price can be a correction up close Do the floor of the triangle and then advance to break the ceiling of the triangle
BINANCE:BTCUSDT As I said in the general analysis with the encounters that bitcoin With the range of support, it will be weaker than before And now, if the price drops sharply, it is likely There is a loss of support, and after the price breaks, it will fall to the black range
BINANCE:BTCUSDT Given that the price is in a triangle, it must be seen that the balance Fibonacci 1.414 has prevented the price from falling four times, but with Each time the support range falls, it will be weaker, so consider Keep in mind that if we fall, we are likely to see failure The Fibonacci range is large and be sure to use the loss and capital...
BINANCE:BTCUSDT If you look closely at the previous channels, you can see that with little penetration We saw a sharp drop to the bottom of the price channel, so if the bottom of the channel If it breaks, there is a possibility that we will have a severe fall So friends who want to position shorts are waiting for the canal floor to fail They are expensive...
BINANCE:BTCUSDT To be able to take a long position more easily, wait first Until the price reaches the bottom of the channel and then make a decision and in The second case is the emergence of strong ascending candlesticks that you can Analyze the volume of the candlesticks and then enter
BINANCE:BTCUSDT Due to the falling and returning waves if you are careful You can see that in the previous two waves there is a tendency to fall much more It's going up, but you can in the last microwave that I specified See ascending candlesticks are superior to descending candlesticks And if this trend continues, the trend could rise again