In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days? As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless. On the bottom you can see the RSI indicator flashing overbought....
hello guys. let's dive into the monthly time frame of btc analysis. Breakout Confirmation: The candle highlighted in yellow, initially suspected to be a "hunting candle," has not confirmed its status as such. With 6 subsequent candles failing to validate a hunting pattern, it is more likely a breakout candle indicating a continuation of the bullish trend. ...
Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that. Will consolidate everything we have said on #Bitcoin over last few days. CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon. Mid 60's is likely around the corner. Don't see...
Bitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the ...
Bitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel . According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel . I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel . Note: If Bitcoin...
Hello People This is what is going on with bitcoin in my eyes after a long time of not posting any ideas. BTC on daily timeframe is in a weak downtrend kind of a bull flag but dont let the flag fool you, they could fail just like any other pattern or candle formations. our job is to assess risk and trade in the side of higher probabilities. At the moment on H4...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, attached on the chart, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then. As long as the bulls remain in control, a continuation towards the $61,000 - $62,000 resistance zone is expected. 📚 Always follow...
LINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders. To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish...
Bitcoin is currently moving in the Resistance zone($55,720-$54,550) . According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) . Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the ...
Hello everyone! Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum. Key points: Break below the channel: A breakdown could signal the beginning of...
the price is draining energy under fail value zone, Last night Daily candle closed as a low momentum green candle, it means the price is getting required to have a correction to low levels
TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete. If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!
This analysis is a follow-up on my previous ID post. As of this week, ID has successfully touched the bottom support and reversed from it. Too early to tell whether this is a long-term bottom, but at least the support held strong. If you were ever considering to buy ID, this is the time.
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a...
Noticed something this morning that there is bullish divergence on the 1W BTC chart. This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside. Possible we see some movement to the upside over the next few weeks?
see and watch :) It seems that the price is forming a Head & Shoulders pattern, which is targeting the $0.9-$1 range...
Bitcoin is trying to fish in more retailers. Really glad to be able to see it, in action.
do you? We encountered a peak fear period last week. And altcoins have taken back all gains if not more. YET I remain bullish. Call me what any name you want. I believe in $100k BTC by the end of the year. And onto my top target zone of $123k-150k