Yesterday's late breakout turned out to be a ruse, with price frontrunning the daily level as POC, and we reversed back down and made another lower low shortly after. The bulls will now have to recapture $42700 in order to have any prospect of a recovery. The next substantial level of assistance is roughly $40,000. Looking at the order flow, sellers are showing...
The accumulation of GOLD continues for more than 600 days. Right now we are in the handle stage of the Cup and Handle pattern . On the breakout of the wedge we can open long positions and the entry point should be looked for on the lower timeframes! According to this pattern, the price should rise by 24% to the $2,500-2,600 zone. But after such a long...
HI guys Now price is in 0.382 level and touched our trend line , we have another prz here in daily time frame we have another hidden divergence if btc will be bullish so this level must support price if price brokes this leveles in my opinion market will be bearish , but i hope this leveles supports btc
Monday 11th April 2022 BTC 12 hour chart We have a perfected red TD 9 count with a buy setup - gold diamond TD support is currently at $40,161.00 TD risk is at $40,,983.00 TD count has not restarted A good area to buy would be in the $40,983.00 to $41,599.00, with low ball buys at the lower Fibb line of $38,531.00. We probably do not want to see it close...
PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more! Large volumes in the fall of the price show that someone has accumulated a...
RSI for ETH has broken the 2.5 month uptrend on daily. This often is a leading indicator of upcoming bearishness
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After being dragged down near $41K, I think BTC has completed a down wave, in the near term BTC continues to form an up wave. expect BTC to surpass #52K
Hi Guys, According to the pattern that you see in the chart, you can grow up to below the supply range. 👤SecondChanceCrypto 📅11.april .22 ⚠️(DYOR)
in 1h tm, we had reversal wave from 46,800 to 47,000; and currently in a consolidation zone with power of sellers that want to get 42,000 at first
This current purple bullflag…of which probability is increasing that it will at least do a breakdown fakeout and send a wick to retest the top trendline of the wedge we just broke out of as new support(in teal). I’m thinking it could occur where the brown trendline intersects the teal one or possibly where the pink one intersects the teal one. The pink and brown...
that's right, as the title says; i think we're going to 53k. before you say "but elo, wave 1 and 4 can't overlap" read the rules of an ending diagonal 👇 --- so Wave C is playing out as an ending diagonal which gives us the final fifth leg closer to 53k, completing a near perfect mean retracement. once this 53k target is met, bitcorn will drop 50%+ (keep...
$BTC PA with strong inverse correlation to $USDT MCap. Interesting potential to consider as a potential indicator or reference when considering BTC directional bias. Worthwhile to monitor/compare on different time frames.
With BTC not holding above the resistance trend line to flip it to support we are now back in the wedge formation and think we could be looking at a retest of the support trend line around the $40,000 level possibly. $42,000 current level has in the past been a decent support & resistance level so could even find support here.
I am currently bullish on Bitcoin, after moving from the past few weeks of consolidation, before breaking out of the 42000 Resistance zone. Then testing the 48000 R-level before falling back to retest the 42000 which could now be used as the new Support zone. A break out of the 48000 (upper trendline) could be the break the buyers need to push the price up to the...
I do not recommend keeping the bitcoin , according to my studies and mathematical equations, it turns out that the bitcoin will touch 28 thousand approximately in the month of October. - I know it's hard for you to believe this, but this remains a personal analysis and I accept the discussion.
Looking at more downside after a move up for iv. If it isn't iv its II and the move down completed a full 5 waves according to some others but personally I think we are in the C wave of a Flat currently for IV rather than a A wave of a 535 for II. Me personally I'll play it safe and count in real time as things progress and only take trades with a corresponding...