Bitcoin-price-action
Comparing Price action daily TFI've been waiting for a pull back since the last pump up to resistance. Using stochastic RSI to look for pullback as well as support lines.
Circled current price action to the previous push to 24k.
I am expecting support between 25k and 24k before bouncing and next resistances at 31.2k and 34k.
Rsi is under a huge bearish divergence so I do expect the next push up to be short lived.
Bitcoin Single Print and Buying Tail I'm looking at these trading points here to long from the Buying Tail and take it from there.
Ideally if we enter the upper single print area i would be interested in closing my long at the top of that single print and looking for a possible price reversal at that point.
ETH CONSIDER The above outline shows where I figure ETH can go, should Buy pressure proceeds over the course of the following year. In a drawn out bullish view, ETH can hold the long haul and the upturn can skip some place close by the" esteem zone" Those are the costs where I may begin to rebuy some Ethereum with TP pointer, contingent upon how the crypto space sees that point. I'm uncertain whether or not current crypto costs should be visible again for quite a while in the event that customary business sectors start to really deleverage.
Kinnari + Elliott's wave theory (5 + 3 = Waves), Bitcoin!Attention to the rhythm of the wave for bitcoin.
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Kinnari + Elliott's wave theory
5 + 3 = Waves
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The price is under Wave A, B, and C.
ABCDE, Triangle leading by 2-wave.
The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave.
You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Bitcoin - Getting Ready To Blast HigherHi traders.
BTC has approached a support trend line.
Believe it is time for a slight push upwards.
Week upwards target shown by red arrow.
Bitcoin halving coming up soon so price should hopefully rise.
Like & drop a follow if you agree!
Note: DO NOT FOLLOW THIS TRADE BLINDLY!
The possibility of something is cooking in Bitcoin kitchen...!All the major resistance and support plotted on the chart.
The price breaking out any of these R 9083 and R 8398 will give us new direction of trend .
The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel.
Traders can trade both either buy at pepper bound or sell at lower bound until breakout the channel with confirmation.
Let take a closest look with different angles:
Very Low Volume
Narrow range in price with series of almost no body of candle.
price rotation
remarkable point: price falling with vol. volume before the price rotation.
---> You will get big move shortly with volume surged .
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic.
This is " Price Action with Volume theory ".
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.
If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.