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BTCUSD heavy fall is ahead from fiboancci resistance zonesthe fall and correction already started and the reasons mentioned in previous analysis a lot (like 0.5% of Fibonacci retracement level) now we have three possible scenarios that all are Bearish: First: continuation of fall from this area and reaching targets like 42K--40K Second: again price start to show some strength then we consider right shoulder for this rise and creation of Head & Shoulder and then again deep fall. Third: if and only if the price was strong enough to break 0.5% of Fibonacci level then 0.61% as the main resistance zone will dump price. DISCLAIMER: ((trade based on your own decision )) <>
BYBIT:BTCUSD.PShort
by MMBTtrader
122
BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead. price need to retest Fibonacci levels and at least 0.38%. Targets and supports ahead : A. 42500 B. 40000 C. 37300 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
48
BTCUSD again touch strong resistance of trendline and is fallingAs we said before, there are two main resistances here after this 60% pump: First: 200 MA resistance of daily timeframe that we had analysis about it linked below. Second: New trendline that formed in lower timeframes like 4H and we can see it in the chart. So we need correction here technically and we are looking for targets like: A. 41600(50 MA support) B. 38000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
12
BTCUSD 200MA & resistance zone can dump price or more pump?200MA is a strong resistance zone here for bitcoin and it can dump price soon, price break it once around 20-22 May, and retest near 26 May. But now bitcoin again reaches this resistance zone after 55% pump and without any heavy correction as we can see on the chart. so we may have some local range or correction here maybe retest 0.38% and 0.5% of Fibonacci levels and then the continuation of pump. Targets and strong supports ahead: A. 42000 B. 39000 C. 37000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
46
Bitcoin drop rate forecastingBitcoin is in a downtrend and is also in a Falling Wedge pattern. If we draw Fibonacci from point B to point C, the golden ratio of Fibonacci will be 308000. Also, if we draw Fibonacci from point A to point C, the golden ratio of Fibonacci becomes 27111. In my opinion, the maximum bitcoin drop will be up to 27,000 and will leave the Falling Wedge, and will continue its upward trend by hitting the bottom of the channel and breaking the Falling Wedge. good luck.
by ehteshami66