General profile in daily downtrendTraining in order to correctly recognize the trend and draw lines of support and resistance
Btc-trend
BTC TrendHello and greetings
The possibility of a downward trend until the next 18 days.
The price will drop to the $16,500 range.
[08/30] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin briefly left down yesterday as it converged, but rebounded to 20.5k.
After the rebound, the Fibonacci 0.382 section resistance at 20.5k is slowing down for a while
I don't think it's the bottom yet, and it's a little early to say that the upward trend is starting.
There's still a lot of doubt about the decline because it's breaking away from the very meaningful trend line (17.6k - 18.9k), and it hasn't recovered yet.
Therefore, it seems highly likely to analyze that the current section is rising due to adjustment to the decline, and if the adjustment is rising, it usually rises from 0.382 to 0.618.
If I were to put it into the chart and tell you the numbers,
20470(0.382)
20760(0.5)
21050(0.618)
The section is resistant, but it is currently at 0.382 point and has slowed down slightly.
I still recommend responding mainly to short positions, but in the short term, whether it was adjustment or transition to upward trend, I recommend you to eat short or slowly because there is a little upward volume.
we are going more to down butas we see bitcoin go more down in these three days and that's back to Powell speech so i think bitcoin will go more down if he break the last resistance we have 17k but we have this senario didn t happen because we still having hope to go up in this place right now thts gonna take some time
[08/28] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective
Today, I will explain the wave that has been coming down from 25k.
First, the bit went up well to 25k, but you can see that the volume was much stronger when it went up than when it went down
Through this, it was analyzed that the wave that rose toward 25k was not an impulse wave, but a technical rebound from the decline that had fallen a lot.
The shape of the wave coming down from 25k is also seen as a falling impulse wave.
Since the wave starting from the high point is the impulse wave, the current section is likely to fall strongly to the impulse wave
If the trading volume really explodes and starts to fall, I think there will be a strong fall with panic selling, renewing 17.6k lows.
Currently, NASDAQ is also proceeding as I posted the NASDAQ market situation before.
After leaving the parallel channel, a strong drop continues, and the shape of the wave is analyzed as an impulse drop wave such as a bit.
Since the investment market atmosphere is not so good, I recommend short positions rather than long positions, and there are many up and down shaking movements.
Be careful not to make unshakable sales!
BTC Gonna Fall toward 11500 and 12,000 According to Elliot WaveBTC will visit 11,500 and 12,000 levels in 2022. This will happen only IF the BTC Daily candle is Closed below 17,700. So Far BTC looks like it has Bottomed, but Not safe until BTC Daily candle Closes above 24,500. So Trade Safely and wisely. Wait for the daily closing below or above the given levels. Happy Trading
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[08/18] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin is on the decline as the very important upward trend I told you about yesterday breaks down.
Based on the Elliot wave, the shape and volume of the wave coming down from 25.2k (high point) are likely to be coming down as downward impulses.
The rebound, which rose to 24.4k yesterday, is seen as the second wave of this downward trend.
If this is a falling impulse, how far will it fall?
If you apply the universal value of 3 waves 1.618 scale of 1 wave, 1 wave and 5 waves 1:1, and 4 waves 0.236 of 3 waves to complete the wave, about 21k will be the end of this impulse falling wave.
Surprisingly, that position exactly overlaps with the upward trend line following 17.6k (lowest point) and 18.9k (lowest point).
Therefore, if you come to that position, if you enter the long position, the profit and loss ratio will be a very good position.
The green upward trend you see in the picture played a strong supporting role, but on the contrary, it was also a line that opened up when it was broken.
We need to be more careful because that line is now open.
I recommend that you focus on short positions rather than long positions
#BTC $BTC This is our Technical Analysis on #Bitcoin Weekly!
In Weekly TF BTC is on Ranging/Flat Market
Give attention to strong levels when price reach there!
BTC CyclesEach colored section per chart is the same amount of bars/days. These are 4 trends on Bitcoin that are all coming to an end of a 3 phase cycle in the same window of time. Extremely rare occurrence. Expect a major change in trend when these cycles complete.
btc following this channel btc following this channel and made a head and shoulders , now we can see 21500 and if it broken down line we will see 20000 and less down
DPR (altcoin due an explosion)Reasons:
1. Alt coins explode with a delay (BTC already moving good (look at my last trade)
2. DPR community getting stronger (fundamental)
3. Deeper network introduced new machines to mine, upside should come
4. Potential double bottom and an uptick
Breakout opportunity If the price closes above our downtrend line, we may have a possible breakout. if the price bounce off the downtrend line, we may see price continue to fall.
BTC 1 year prediction I believe BTC to find a bottom sometime between now and 2023 beginning around the 9-12k mark. Hopefully see a strong reversal at that point and climb back to the 20-30k range during 2023 (assuming the economy stabilizes a bit and government intervention is minimal). Nothing too technical just my opinion on the current economy situation over the next 12 months or so.
Major trend change, or fractal like movement?Seems to me were at a turning point. S/L @ $18,500. This would be a likely Wave C completion point imo.
bitcoin could be on a massive uptrendBut we need to drop to the trend line first. TP: $13,350 before reversal
Might hit, might miss.
DYOR!
BTC , descending trend The chart is in the descending trend
Important area , it need to cross the yellow line to go up again ,
BTC ATH prediction revision, MA ATL achived, what to expect?last january 26, i made a long term prediction (rough one), where i expected a price dip and resistance beetween 40 to 50k usd.
i was wrong in part, there is a channeling resistance, but lower 30k. this is a new ATL, but logical, ence it respects a remanaicent resistance.
things look good, btc is gaining .5 a day since the last 2 W.
a new bullish trend ahead? ;)
honestly? i expect the green arrow, and you?
leave a comment, share knowledge! ;)
btc touched a broken trend linebtc touched a broken trend line and i think price down and will up in two method
which one is correct ?
share your idea to me
BTC Future. In the future I would look more for a bounce at 20k near the start of June end of July then a bounce back up.
We are also at a level now where we could see a bounce. However with the news lately and how everything is moving I would say a drop is more likely.
This is just for personal reference. Not a recommendation.
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
A downtrend parallel channel has formed since the 21st of April.
Also, a Falling Wedge has clearly formed.
Support and Resistance main areas are shown.
A bar pattern repetition shows a possible price movement for the next days.
Volume increasing.
Multiple Support & Resistance levels shown as horizontal lines.
If the price breaks out of the downtrend parallel channel will hit 37000K.
As if the price goes out of the Falling Wedge, we might see a wick at 34000K, then also a new TA is needed.
BTC = $37,796.42 -2.10%
= 13.80 ETH +0.81%
Dominance: BTC: 42.3%
ETH: 19.5%
Market Cap: $1,697,329,973,825
24h Vol: $81,975,886,708
Good Luck
#CryptoHellas Team
BTC by end of May 2022BTC by end of May 2022 will show how and from which side of the depicted triangle will come out. Bearish trend most probably will be continued and we would see the pre-COVID prices again by this summer!
*Just personal idea, not financial advise*
