BITCOIN 1D - Prediction of price movement trendBitcoin still has the potential to grow up to $ 100,000, but given the critical resistance period around January to February 2022, the closer it is to this limit and the closer it is to $ 88,000 to $ 98,000, the more likely it is to form a ceiling and enter a one-year correction will be more likely.
It seems that after the formation of the ceiling in the declared range, there is the potential to reduce the price within a year and by the end of 2022 to about 10 to 15 thousand dollars. Although there is significant support for $ 30,000, it is currently more potential to see a lower range under the current circumstances.
Millions of traders are waiting to see the $ 100,000 bitcoin, which is likely to save in this range, so it is very likely that this number will not be seen in the next 2-3 years.
This analysis is also a scenario of different scenarios that is closer to the author's opinion and is not a criterion for your decision.
Bitcion-anlaysis
BTCUSD - Bitcoin Elliott Wave ForecastHi Folks,
You might be worried about Tesla's move on BTC, this is just a temporary news, no need to panic. I think BTC has completed it's 5th wave ABC correction. All other coins were due for correction and this price action is ensuring that.
I expect BTC should lead the next rally on cryptos for making new highs after stock market specifically Nasdaq touches the bottom of correction, BTC will lead the recovery of Stock Market just like in September 2020.
~Happy Trading.
BTCUSDT analysis in depth Analysis is purely on technical base read before making any comments first
Short Trem:
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done and made correction and didn't break the pick of wave 2
Now BTC have to complete corrective wave ABCD
We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished
We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that
If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000
If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level
Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000)
Kindly drop your comment what is your opinion 🤔
Enjoy they call beffore everyone is bullish on BTC excluding me 😎
Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS
Parallel Channel proved its important, Bitcoin Kinnari_PrajapatiHello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied w as:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
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"" WEEKLY CHART ""
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This is " Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined . 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase , we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle .
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
PERFORMANCE Of Bitcoin link: