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Yello, Paradisers! Have you been watching #BTCUSDT closely over the last few days? It's been showing some promising strength, but could this be a trap in the making? Let’s break it down so you don’t get caught off guard. 💎#BTCUSDT has been steadily trading within a parallel channel, and while the recent closes above 61k seem bullish, there’s more to the story...
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Bitcoin moved as I expected in yesterday's post . Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) . It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern . After breaking the small Support zone , I expect Bitcoin...
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The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186. At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one. If the price goes under the zone...
Possible Scenario for #BTC in the Coming Days: We are currently observing the conclusion of wave c of B, which is anticipated to reach $54,3xx level before any potential upward movement. Wave c has formed a Neutral Triangle pattern, and the final leg has just begun #BTCUSD CRYPTOCAP:BTC
Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000. Like and follow if you agree with this idea. Happy profit day!
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#BTC Weekly: Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC). The key focus right now is maintaining the GETTEX:54K level. If we lose this level on...
The important support level at $53,600 should be kept for now. If the price reclaims $55,500 and consolidates, this will open the gates for $60,000 If Bitcoin loses the $53,600 support and the price consolidates here,. $52,000 - $50,000 is just a matter of time. At worst, Bitcoin will retest $48,000 - $46,000
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This bullrun came out of nowhere and also did not give us the deep correction that we've come to expect from the previous bull/bear cycles. In fact, bitcoin managed to correct and accumulate inside the indicated range for an extended period, which is quite a feat considering the price per unit. This brings me to the conclusion that the correction is possibly over...
Hello traders, today after the US data released, crypto market collapse started, and reached around 53k, and my analysis for crypto is to touch 48k then moving towards 80k or above... after breaking the high of 74k ... enjoy trading!
BINANCE:BTCUSDT COINBASE:BTCUSD SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage 👾The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 59600 60330 61150 61800 62600 🔴SL: 55925 🧐The Alternate scenario: If the price stabilizes below the trigger zone, the setup will be cancelled.
As Bitcoin travels through the descending parallel channel, it looks like it has finally secured support near 56k, a level it has relied on multiple times in the past. We foresee a bullish movement from this point in the short term. 1st target - 65k 2nd target - 70k.
Bitcoin moved towards the Support zone($58,520-$57,100) as I expected . Bitcoin is moving in the Support zone($58,520-$57,100) . According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave . I expect Bitcoin to start rising again from the Fibonacci levels to my targets . Note: If Bitcoin loses the Support...