hello guys... as you can see this coin broke down the descending channel and the middle line or bottom line of the next channel would be the next targets! buy as you can see this coin has a supply and demand zone on the gray area! so we can count on one of these scenarios, which one do you interested in?! ___________________________ ✓✓✓ always do your...
Due to porpular demand I will be breaking down crypto. Polkadot looks bullish from this lows of 6.90 I expect price to rally up to 11.30 which will act as our next supply level. Lets catch some coins.
🏃♂️ Bitcoin is moving near Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 . 🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢. ...
👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
With the price having broken down from the 200-day Moving Average (200MA) and the Relative Strength Index (RSI) turning down from the overbought level, the price action on Bitcoin is signaling increasing strength for a possible reversal. However, to continue trading significantly lower, BTCUSD would have to break through the price area of 51,000 and 56,000. And...
Bitcoin has confirmed another major breakout on the long-held support created at the $60k region. Here I witness a breakout and pullback price action which indicates a potential downside shift toward the next support created at $51k zone. If the bearish sentiment creates the required selling pressure, we may see another hard dump towards this price zone. Watch...
Price is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 3113.58 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 3241.30 Why we like it: There is a pullback resistance...
By closing daily candle below the IDM liquidity in BTC daily timeframe, we can expect that price falls down to touch the desicion point orderblock at 54900. After that it should create any confirmation for buy. But if price goes below the DP (below 51000) then it could fall down to reach ENG liquidity and Extreme OB at 41870 and 40300 and then raise up to 73853...
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
In the daily and weekly time, it went through a complex mixed cycle that grew up to the $45 range, after which a three-wave correction was supported until the bottom of the channel, after which it finally exited the medium-term ascending channel with an ascending wave X. . But currently, with the support in the blue box and with the failure of the dynamic trigger,...
#Bitcoin is forming a symmetrical triangle pattern. Resistance is coming from the Ichimoku cloud and the 100-day moving average. The MACD crossover suggests a shift to bullish momentum. It's recommended to wait for a clear breakout or breakdown of the triangle to confirm the next direction. Stay tuned I will keep updating #Crypto #DYOR #NFA CRYPTOCAP:BTC ...
Today we see CRYPTOCAP:BTC breaking a major support level. Unless there is a turnaround this means that 52kish is likely next. Weekly #BTC at the green moving avg. Historically, this has not been the best gauge, but it has been "okay". The last 2 charts show the trajectories we expect(ed) for #bitcoin to follow through.
If you haven`t sold the top on BTC Bitcoin: Upon examining the chart patterns, I believe the price target within the falling wedge is $52,000.
""The time to buy is when there's blood in the streets." A quote that most traders are familiar with. It basically means to buy assets during periods of weakness. Bitcoin is currently experiencing a very volatily bearish period. With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term...
I have reasons to believe in a correction of at least 20%. 1. Market euphoria. 2. ATH. 3. 78.6 retracement after the gigantic fall. 4. Temporary massive sale. Personally, I think it is not a good idea to sell. It is best to wait for better prices to buy. Below 55k, its a good idea to BUY. Take care. JB.-
The recent dip in Bitcoin has sent shivers down the spines of traders, with many wondering if Bitcoin has finally hit rock bottom. One key price point has emerged as a potential beacon of hope: $61,970 . Historically, this level has acted as a springboard for Bitcoin, leading to rebounds in February, March, and April. But will this time be different? Technical...