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Bitcoin MAJOR UpdatePlease review the current price action of BTC. 1. Bitcoin is still in the Ascending Channel 2. Just broke out of a small bull flag looking to test higher levels 3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels. 4. The top of the Channel is prices at 28-30K 5. Fear & Greed index is at an ATH. 6. Do NOT buy here 7. Expect a 20-40% Correction in the near future 8. Possible Alt Season During Correction - but not confirmed yet Forming another leg up but the trend will end soon.
COINBASE:BTCUSDLong
by GlobalHealthWealth
#BTC #Bitcoin AnalysisFollowing the breakout of the bullish triangle at the $ 19,500 level, it reached the top of the channel at $ 23,650, where it was rejected forming a descending triangle pattern, which has been broken to the upside. In turn, a small bullish channel (light green color) has been formed driven by the support of the 50 moving average in 1 hour ranges, which has been rejected a moment ago, next to the support of the range $ 23,200 - $ 23,300 . The price may lateralize a bit as an accumulation process before continuing with a new rise and another retest of the upper part of the external bullish channel (light blue color). Likewise, be careful with your risks, the market is volatile, and every big bullish move has its correction.
Long
by jumperstars
What will be the Future of Bitcoin Price ?What will be the future of bitcoin prices? Hello to all friends As you can see, in the long run we can analyze bitcoin like this and this analysis will be one of the most valid analyzes for bitcoin. Given the price channel, as well as the Elliott wave pattern, Bitcoin has most likely completed its Wave 3 and started completing its Correction Wave 4. Given the strong support at $ 12,000, it is likely that the end of wave 4 correction will be $ 12,000, after which wave 5 will begin to complete. There is very strong support at the $ 12,000 level, and as we all know, the price always needs to rejuvenate and rest after a strong climb, and the best place to end this break would be $ 12,000. In case of failure of the high level of the channel, a new analysis of your service will be provided in the near future, dear ones So the best decision for dear investors and traders is: People who are planning to invest recently, it is better to wait until the price task is determined with this level of the formed channel, and in case of failure of the channel, after re-testing it, enter into buy trades. Those who are currently trading open should make a small profit and increase their investment to $ 12,000 again if this scenario is completed. If you liked this analysis, let me know by dropping that like button! If you have any questions, ask me here ! Until next time! Cheers, OtanaTA ( Hamid Mojarad )
Long
by HamidMojarrad
3
Long Term Eth PredictionEth looks to be forming a cup and handle to break major resistance around the 470 price point. It could get rejected and move sideways in the short term, but with all of the news about eth 2.0 recently, BTC's positive price movement, and uncertainty with US politics I feel this will break to the upside most likely sooner rather than later. If this happens, the next major resistance area is 660-800 levels before testing all time highs. Not financial advice, just how I see this playing out over the upcoming months. Good Luck!
COINBASE:ETHUSDLong
by steinkampc