If the resistance range of 49.5 to 50 is broken, we can expect the bitcoin range to rise to the target of 58. But now, given the candlestick guard and the status of the chart, one of the two scenarios drawn on the chart can be expected to happen, which could lead to moves in Altcoins. Including the ETH
At the moment, what is clear is that crossing the resistance range of 40200 to 40600 requires a lot of hard and energy for Bitcoin candlesticks. In the weekly time frame, a very positive point can be considered for Bitcoin if the weekly candle is closed in the range above 39000. In any case, in the current situation, we have to wait and see what the next move of...
In the weekly timeframe, Bitcoin almost lost significant support in the 344500 area and then in the more important 32300 area. Of course, the weekly candle in the coming week can be considered important, and if it closes in the same way now and in the range of 30,500 or less below $ 30,000, it will confirm the failure of the important support of 32,500 and in...
The analysis we did and the result we saw Bitcoin must first withdraw the range of 51,000 and then 55,000 The daily candle is a place of hope if the pin bar is closed in the same way and above the range of 51,000 But the point is that this correction was accompanied by a 21-day moving average test at a weekly time frame in the range of 45-46000. If this range...
As Bitcoin is climbing at higher times, but in the daily time, a few candlesticks show weakness. With the Kendalls approaching the 59000 area, the expectation of a rise at the moment can be high, but in the analysis, caution should be exercised. The downward trend line, if accompanied by a 55000 support break, can be expected to be in line with the red markings...
Break the ceiling in weekly and daily timeframes In my opinion, with a few candlesticks, the stabilization above the resistance can be broken, as well as completing the pullback, gradually moving towards the goals drawn in the chart. A good entry point can be the red-colored range marked