Btc-analysis
#analysis 21 - Key levels are still untouchedAfter a small dumping on Sunday, now the key levels are still untapped. Will wait for the price touching the areas of around 18.6k, or even 17.6k, and see how it goes.
If it left the lower lines untapped, I think it's going to consolidate at about 21.8k and get down.
Let's see.
Btc potential moveif btc close below 19k this weekend, i can sey the next week will be historical.
there are to supports waiting for the btc fist one is between 18k-16900 , and the second is between 13900 and 11800.
Not forgetting what is going on in the global economy, the Federal Reserve continues to raise interest rates, which will cause investors to sell their positions in riskier assets ( crypto , stocks) and lead to a significant drop in these markets.
These investors will prefer to put their money into bonds that the federal government will print at higher yields.
that is my personal opinion.
Aproaching the bottom of a major 40M nominal wave in BTCWe are moving closer to the expected bottom of 3rd harmonic (13M) of the major 40M wave.
Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed.
That will let us assume that the major 13M/40M bottom is already behind.
Our target price is 11-13k USD coming 10th of August.
BTC / ETH / SOL / ADA - needs supportprevious video
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BTC next targetYes as I mentioned before 34200 was a strong resistance but unfortunately it was broken. Following this, retest was done successfully and it is clear from pic that next target is 29k. I think we will go to exactly 29-30k surely but I hope it will bounce after it, otherwise I don't want to think that scenario because 29k is a support for about 2 years and it should work. Let's see what happens.
BTCUSD Rising Wedge Pattern Formation 1hr Timeframe.BTC Appears to have fully formed a rising wedge on the current downtrend in the 1hr timeframe, and from knowledge of chart patterns ad price action, it is obvious that a rising wedge on a downtrend is a trend continuation pattern.
This downtrend would be met with a previous zone of support at the 42,400 regions. This could lead to a bounce to the top side, following a trend to the topside before meeting resistance at a previous support level at 44,391. If this resistance fails to hold, we could witness higher highs.
TWO POSSIBLE OUTCOMES FOR BTCDespite all the FUD and Index on Fear and Greed, many are still hopeful that Market Makers are willing to let Bitcoin start Mooning and set the stage for another possible upside fakeout. I have illustrated the two possibilities for this trend moving forward next week. Or Sooner.
The weekend is when big players like to stop loss hunt retail investors….it can be argued that we are in a NO TRADE zone….In my opinion BTC can break up through resistance due to the double bottoms pattern and touching rising support line. Other scenario BTC will reject current resistance and confirm the head and shoulders pattern, leading us to collect the MASSIVE amounts of liquidity in the lower price levels.
Based on the research and knowledge on-chain data suggests best time to buy BTC is anywhere below $38K…..Whales buy there and you bet they are gonna want to buy in cheap one last time….Will we see wyckoff distribution pattern play out as we are in the Shakeout phase? Will the news and war turn positive anytime soon?
Best advice, dollar cost averaging and HODL was the #1 proven strategy backtested by AI trading bots that beat every other strategy. When BTC dips, we have more opportunity.
Godspeed Traders - Remember taking no position is sometimes the most profitable at times.
Chart Analysis W/C 07 March 2022W/C = Week Commencing.
This analysis is for personal development with the aim to look back to this chart Sunday 13th March 2022 and see how price action has reacted to these levels.
Please feel free to copy the shared chart www.tradingview.com
The chart analysis started with:
1 - Technical Time Analysis - Look back at past price action
Pertinent times where price has moved:
a. 0200 UTC
b. 1015 UTC
c. 1400 UTC
d. 1830 UTC
This is just as reminders that past large price movements have occurred during these times and have seemed to have repeated again and again.
2 - Sessions High and Lows - Look back a Tokyo and New York Sessions Highs and Lows for past confluence areas
a. Several areas have been marked out, the low that occurred today at 11:15 was within a area of 6 previous Session Hs/Ls.
3 - High Volume Recovery Areas - Look back at what areas of high recovery are left behind and their percentage (strength)
4 - Other Key Levels for note - Pivots / VWAPs / Opens / Highs / Lows
Golden Pocket Confirmed - BTC - Time to go UP?We have entered the Fibonacci support levels and are in. Downtrend. Incredibly, that last divergence before the dip did a perfect mock up of the previous LOW point. Although this time she decided to go down. Best of luck traders!
What do you think will be the next target for Bitcoin?