Bitcoin Support & Resistance- 17-Sep-24 Further to my post last week 09-Sep-24 & on 03-Sep-24, BTC: 61000 The supports are working fine as proposed on 03-Sep-24 at 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out. Supports provided with clear mark up in the chart. Currently BTC broke the SMA 50 and...
BTC retested $69,800 and broke through. New channel of $70,000-$71,000 for the next retest of $69,800.
Hello my friends! I am back after a long break. Bitcoin has just experienced it's 4th halving event. I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach. Here are my findings: -...
BTC\1H Doing a pennant which is a sign of continuation With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400. Todays Events will totally spice things up even more than yesterday Dxy...
Technical Analysis Summary BTC /USDT TREND ANALYSIS We have 1 Downtrend in red color . We have 1 Uptrend in Green color . Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of...
BTCUSDT chart is currently in a bearish trend as the candlesticks are making lower lows and lower highs consectively. It will remain bearish until we see any higher high.
BTCUSDT has been forming a falling wedge chart pattern on the 4h timeframe. Theoretically, falling wedge patterns are bullish patterns and price normally breaks out and above the falling wedge pattern however await price breakout either below or above (and out of) the wedge before entering a short or long position. Price will most likely fall some more before...
BTC is in a symmetrical triangle right now and there are two possible scenarios- 1. Bitcoin will form an all-time high and the recent move was just a reaction to the US stock market. It all depends on US stock markets. 2. It will fall down to the 40k level hitting the support area on the ascending triangle making a move upwards in June. The recent actions could...
BTC is forming a rising wedge which will cause it to break down from the uptrend. This pattern is so obvious that whales might use it to trick normal people.
Most complex correction I have ever seen. Best case scenario in case Bitcoin ETF is going to launch in April 2022. This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found. In most cases these corrections are not deep. As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures...
BTC is struggling hard to get stable. There are two major supports marked in purple. RSI still moving down and showing selling pressure. Money Flow is showing buyer interest on btc and moving up. buyer still interested in purchasing btc. targets have been marked. ROI is good. Good Luck CoinForecasts