


Although BTC reached $50000 today, the last week candle closed below the mid-line of the blue channel and below the horizontal resistance at $50500. looking back on history, BTC hit the mid-line of the channel on Jan 21 and price decreased to $29000 where is defined by a circle. after breaking this area on Feb21, it came back below this line on May 21. I believe...
In 4h time-frame perspective, a new wedge pattern is formed. However there is an strong resistance btw $47500 and $50000. there are two upward and downward movement for BTC. I believe that the scenario (1) is more likely to happen than (2). the general form is similar to the Wyckoff pattern in phase D which reinforce down trend. please leave me your comments below
ETHUDT chart shows that ETH should breaks the significant resistances.
As I mentioned in previous posts, #BTC reached a significant resistance. It seems that it tends to touch the middle of the side-way zone. considering the volume profile of the last up trend within this side-way region, one can see the important levels. I believe that regions around $38200, $34200 and $32200 are possible targets for down trend. According to the...
ETH goes below the middle line of the blue channel. I think that it goes back to $2446. then we wait for breaking the channel
According to the chart, Bitcoin will hit the level of $32500 over the next hours. that level is a strong support. breaking out the level means that uptrend channel which is defined in blue is broken. As a result, one can see the further reduction of the price to $20000. I would be glad to have your comments
According to the chart an ascending wedge is formed. Since BTC reached important resistance at $42000 where is the middle line of the pitchfork, and I think that ABCDE pattern is completed, then the down trend is expected If BTC breaks the lower boundary of the wedge, it would hit $37000-$36000
According to the daily chart, the price hit the red line as a resistance and reduces 25000$. it is difficult to break out the red cloud and close above the green moving average. a red cloud is squeezed in 4h time frame. So it is possible to have a dump to 25000$. leave me your idea as comment
BNB is confined below the middle line of the pitchfork. breaking this level leads to up trend to $322.866 and $347.52 respectively.
To have an uptrend, ETH has to break out the blue channel. there is a pullback to the middle line and it seems the bearish movement is not ended. it is possible to test the bottom of the channel agian
According to the chart, BTC has confined within a range area. There is no sign of upward movement! If it could not stable itself above the red box, the next bearish target would be about $26573. then one might see the lower targets
according to the chart, the ETH hit the target of pitchfork at level 4.618. it is also confined within a triangular pattern I think that ETH touches 2198 and 2105.
As you can see, BTC hit the 0.618 of the pitchfork. if BTC loses the highlighted level, the target is the mid-line where is the bottom of the blue channel. therefore I believe that the first target is $33783.33 and the second target in bearish trend is 31923.27 Note that these are not exact price but an approximation
Dear Traders This is a very simple pitchfork study on ADAUSDT in 4h time-frame. the price touches the lines very well. although it is possible to break out the middle line of one pitchfork and increases to (3), the other pitchfork's target hit. So the most possible movement is a bearish movement to the (1) and (2). please comment me your ideas.
according to the pitchfork strategy, the targets is defined
ABCD pattern applied to the xrp in 4h time frame