Bitcoin is in trading range as its obviuos. Based on supply and demand rules, the demand zone is so weak due to several touches by price so i more expect the falling price than increase from here.
As it's obvious, a falling wedge has shaped in BTC daily time frame and with reaching the end of pattern, break out from 59000 till 60000 zone and pull back to wedge, BTC bull run will be expected to carry on. Also Stochastic RSI and RSI verify this idea. Meanwhile BB lower band operate as a firm support for BTC these days . Your valuabe offers and critics about...
Good good good, it seems bitcoin accomulation is near to being completed by finishing the pull back to inverted head and shoulders neck line .I expect price touch the 68000 in middle time .Let me know your valuable comments about my analysis guys. Good luck
Based on third technical analisys assumption, the past will be repeated so take a look at my chart and enjoy ;)
A gut feeling triggered me to draw this fractal flexible dynamic resistance of BTC in 4H and the probable jump of BTC in middle time to 78000. Also StoF Model of BTC verify this analysis www.bybt.com
BTC price at the and of a symmetrical triangle +broadening falling wedge +breaking the falling wedge+pull back to wedge =Pump
As its obvious a wedge and symmetrical triangle in BTC 4H has shaped .BTC come back to up trend is probable
After recnt drop of btc price to 42000 and bounce around 43300 and 47300 it seems the BTC try to achive 52000 again and continue up trend to ATH. Extension fibonacci show us probable TP of BTC in following days .
As it can obviously identify on chart, two divergence and invergence falling wedge has shaped in 15 m time fram and in case of breaking the trend line and pull back changing the trend is expected
As its obviosely specified from yesterday bicoin has fallen in a side way trend .In case of break each of support or resisance zone gettig positon is logical .
Bitcoin has braked rsi resistant trend line and also price trend line and shaped a flag that in case of increase price it can meet 0.62 level of fibonaci retracement as much as flag bar
As you can obviously witness the price couldnt break weekly rsi trend .what do you think?
Bit coin has shaped head and shoulders in 15 m time frame and decrease price is expected
Just fibbonacci , its astonishing result that you accidentaly understand its 62% of fibonacci retracement which price is sticking and ranging around. Amazing
Bitcoin in 4h time frame has shaped an ascending triangle compound with flag meanwhile its touched RSI 50 line aleardy so we are expecting price increse as much as flag bar around 54000
Ihave found double bottom in 4h time frame and hope to see bit coin price around 53000 Usd in next 3days
After a sharp incease in price of bitcoin due to reverse head and shoulders of 1h time frame we are witness of contiues triangle(Flag) and we expect increase in price as much as flag bar minimum 51500
Reverse head and shoulders in bitcoin 1 hour time frame