Bitcoin Analyze (Candlestick Analysis)!!!
Updated
hi, I hope that you took profits from my previous posts😊 (If Yes, please comment).
Today, I want to talk about some Candlesticks Patterns that we saw these days( Around one Month🌙).
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰
Location: Still, Bitcoin is running on our Descending Triangle, and It close to the lower line of the Triangle (Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support).
About Candlestick analysis: I was able to find Bearish Engulfing Pattern on the upper line of Triangle (Point C) + Morning Star Pattern on the Lower line of Triangle (Point D) + Evening Star Pattern at Point D (Fake Break) == All of these patterns were REVERSAL Pattern, but, now I can see Falling Three Method Pattern (CONTINUATION Pattern) on the Lower line of Triangle (Point F), so I am expecting that Next Daily Candle will have RED Body.
RSI Analyze: RSI is running at Descending Channel, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉
MACD Analyze: we can see Bearish Confirmation Signal 🐻 👉
ADX=38.6 >25 == Still we are on Downtrend.
Moving Averages MA200 & MA50 Passed from each other a few days ago.
I am deciding to share Bitcoin Long-term Analyze (Monthly Time frame)📆 on each post that I will publish about Bitcoin: Please read this post carefully ( I ❤️LOVE ❤️THIS POST😀)👉
If you want to have more information about counting waves supports and resistances.....check this post 👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Today, I want to talk about some Candlesticks Patterns that we saw these days( Around one Month🌙).
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰
Location: Still, Bitcoin is running on our Descending Triangle, and It close to the lower line of the Triangle (Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support).
About Candlestick analysis: I was able to find Bearish Engulfing Pattern on the upper line of Triangle (Point C) + Morning Star Pattern on the Lower line of Triangle (Point D) + Evening Star Pattern at Point D (Fake Break) == All of these patterns were REVERSAL Pattern, but, now I can see Falling Three Method Pattern (CONTINUATION Pattern) on the Lower line of Triangle (Point F), so I am expecting that Next Daily Candle will have RED Body.
RSI Analyze: RSI is running at Descending Channel, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉
MACD Analyze: we can see Bearish Confirmation Signal 🐻 👉
ADX=38.6 >25 == Still we are on Downtrend.
Moving Averages MA200 & MA50 Passed from each other a few days ago.
I am deciding to share Bitcoin Long-term Analyze (Monthly Time frame)📆 on each post that I will publish about Bitcoin: Please read this post carefully ( I ❤️LOVE ❤️THIS POST😀)👉
If you want to have more information about counting waves supports and resistances.....check this post 👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Note
until now current daily candle is running like our prediction.👍
Note
New post: Bitcoin Analyze(Counting Waves+Channels+Tweets)!!!
Note
New post: Bitcoin Analyze Time Frame 4H/ Contracting Triangle!!!
Note
New post: Bitcoin Analyze (Triple Three Corrections) !!!
Note
New Post: Bitcoin Analyze (Triangles)!!!👍
Note
New post👆
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.