As you can see we have a very nice 4 hour trend line that has breached out of the GC. If we can hold support above the GC and the trend line we should continue to move higher in the short term. I am not confident in the long term yet but i do see a nice move up to 45-50k if the support holds.
In this analysis I've used some lines to draw what BTC could do from this point. Another cycle and falling wedge from an higher price could happen as a breakdown and a descent to a lower zone.
We've seen this before guys. Look for a double bottom structure and an increase in volume.
Ok so obviously we see a big spike in BTC with Tesla buying 1.5bn of BTC, with no further news we are back in Technical analysis. Our new Resistance is around 48k, If btc continue falling I expect to fall around 40k if no new news is present. Good luck
Based on Elliot's waves and time-patterns, I consider that bitcoin is going to 30k soon. We openend buy at 26150, SL: 24500, TPS: 27K, 29.5K
Hi my friends, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, as already mentioned previously Bitcoin has already completed this major head-shoulder-formation with the ongoing conclusions and as I detected now Bitcoin has the possibility to form an other major formation here which will similar outcomes when completed,...
We are headed for the golden pocket it seems but this top trendline of the descending channel could provide resistance for a bit first.
we dip, i buy. not much magic to it. here's a level, though, i'm really interested in. ofc this might tank further down to 8k, but perfect entries like that are rarely ever given. we've made it through a devastating bear market, with vicious dips and crazy pumps .. the weak hands aren't in the majority at this point. there's not many left to shake out. holders...
It is fascinating that price action will follow a bunch of concentric circles. first support at $9400. Possible bounce of the 21 weekly ema at $8700. Projected bottom at 8k. Bottom can be lower, and resumption of uptrend can be earlier, it all depends on what price action does. For the moment the microtrend has changed downward. Must watch to see if the...
Hello guys thank your for your time joining my inspect , here is my idea after breaking triangle we have a nice pump and BTC broke trend of rectangular and we are going for 9400$ BTC needs no rest now till 9400$ maybe no rest till 10300$ ? share your idea please press the like button thank you all for your time
Bitcoin in a region of accumulation and very important supports! with OBV almost breaking resistance makes the signal clearer for new high end
The published chart shows the WaveScale indicator confirming an uptrend cheers please comment so we can engage in discussion
Trend is our friend . Above all MA in weekly and we going to see 16K by October? innit. Happy trading or just wait and see! :)