Bitcoin situation from the point of view of Andrews fork and curved trendline The price is breaking the trendline and in the upper channel of the swing fork, which usually tends to reach the middle line of the fork.
Following the previous analysis, the divergence and weakness in the downward trend caused Bitcoin to reach the resistance of 23600 again and to be rejected with relatively high intensity. Due to the many encounters with the 22800 area and the application of previous buy orders, it is expected that this area will be broken and the price will fall to the bottom of...
✍🏻 played the role of resistance beautifully 🔰 Necessarily, all chats should not be filled Chats also play support and resistance roles For example, the previous chats in the areas of 33500 and 18500 had a supporting role for the return of the market.
After the formation of the double ceiling pattern, the price has created a floor lower than the previous floor, and with the breaking of the support zone, it is pulling back to the broken zone, and this way, the bottom of the candlestick formed in the four-hour time frame can be a good position for a short position in This is the currency
With the demand formed in the support of 22800 with a significant volume, we can expect the failure of the falling wedge pattern and the regrowth of the price up to the previous ceiling.
According to the previous analysis, as expected, after the formation of the right shoulder, the fall of Bitcoin continued until 22800, but a strong downward momentum has not been formed in this correction, and the downward waves are still accompanied by demand, and in the lower time frames, the divergence in the price decline and its intensity can be seen. In case...
Due to the breaking of the daily trend line and pullback to the broken area and the confirmation candle that can be seen in this time frame, we can expect to move up to the previous ceiling or higher again.
Dominance Tether has reached a strong support range, although this range has widened and we can expect to reach the bottom of the range.
This pattern has been seen far in the market... the decrease in volume at the end of the upward trend... the daily candle closed as a doji, indicating the equality of buyers and sellers... we will probably move to 24300 again and see unloading and correction be precious
After this currency reaches the resistance zone, if the resistance breaks, you can enter a long position, and after seeing the reversal candlestick pattern, you can enter a short position.
Following the previous analysis, the publication of the most important economic data of America, which showed the existence of inflationary stagnation in the economy, made traders optimistic about reducing the contractionary policies of the Federal Reserve in order to balance supply and demand, and this caused the demand in risky markets such as crypto and bitcoin...
According to the profit step formed in this width and reaching the resistance areas, which shows this growth as a correction for the previous fall, price correction is expected in these areas.
According to the previous analysis, Bitcoin is pulling back to the midline of the ascending channel in the range of 21500 to 21700 after breaking its main support areas, and on the other hand, it is facing the middle resistances of the fork and the 1-hour trend line, and since it has been able to more than from 50% of the previous rising wave, it is more likely to...
With Ethereum reaching the daily resistance areas of the short position, it can have good targets for this currency
The total index, which indicates the total value of the crypto market, lost the 1 trillion dollar index again, which was considered psychological support, and if the candle closes this week, the next support will be 750B, which is parallel to the weekly trend line and the static price action area. . To see the previous analysis of the total index, pay attention to...
After the failure of the support zone in this currency, a pullback and price drop is expected, and it seems to be an attractive position for a sell position.
After the failure of the support zone in this currency, a pullback and price drop is expected, and it seems to be an attractive position for a sell position.
According to the replicated analysis, at the peak of the 23,000 resistance break, it was announced that this break was fake and the falling scenario happened as expected while most of the market was in the illusion of a pullback to 23,000. Even the reaction to the 21500 area happened in yesterday's analysis, which was the bottom of the bearish channel. Currently,...