What i think BTC could do, in daily time frame i see a huge megaphone pattern, and right now we are almost near to break an important mobile resistant (violet one), but i think the price will be rejected and will fall at least to 8700, a support from weekly time frame (yellow line), if this support fails then i expect that the price will fall further in the area...
BTC seem want to go down again, if the purple structure will be broken, it's possible we will re test again support level like 8500 and even more to 8000 and 7600, on daily is building an H&S pattern a bearish setup, creating a huge ABC correction
BTC brief period analysis 2hr time frame
BTC is doing now the wave 3, but what i thought is that we are already inside of a wave 3
bitcoin broke the market structure of the downtrend after done the ABC correction, now we are in a possible long position, I draw a possible market structure, but can be not correct having low data, now we are in the 3 wave
Soon NASDAQ will bounce up forming the wave B
FTR ready to go up again, after a double bottom
British pound i think will fly soon to hit his final wave 5 after the retracement
BTC seem ready to go up again, but i think we still not ready to see new high even if there are a golden cross in daily, i think we will dump again once reached the lv 10000-10250, this is what i think BTC will do in these coming hours/days before going up, we will do a distribution and then an accumulation, after we will jump high again for new level!
with a great surprise i discovered that BTC didn't have done with the impulse wave, before i was thinking that BTC have done with it, and will start to do the ABC correction, but i see that the structure didn't broke at all, and the correction that i was thinking to be the wave A is the correction of the impulse wave of the wave 3, so wave A is wave 4 of the...
This time i think nasdaq will go down for sure, after an extension wave 5 Nasdaq is ready to go down!
Hey guys so you didnt expect this downtrend uh, you expected moooon 🤣, well too bad hope you had your stop loss!!! well here what i think BTC could do! Hey put a like and share it ok!!! 😈😈😈 Here we go PS: Btw i can be totally wrong so do your own research
well everithing have an end so the run of BTC i think will end here, hey but don't worry is only a retracement because after we go much higher!!!
BTC is super bullish right now, and seem doesn't wanna retrace, it's possible we will do an extended wave 5, doing so we will reach 12300 or 14000 depends how strong the bull is and how long the wave 3 of the extension will go up
i was thinking about this scenario of BTC with this huge pennant, is possible that after reached the E around 11300, BTC will do a big drop to 9k and maybe even more if the support don't sustain and going back to 3000, instead if BTC will break 11300 level we will see 20000 again and reaching maybe 30000
BTC look strong and bullish, even if in 4hours there are a Head and Shoulder patterns, bull have defended well the support around 9200 pushing back the price above, and bear defended well the 9440 zone, bull need to break this level to make a continuation of the trend and bear need push the price below the 9200 for a correction, but right now seem the bull going...
The market structure is still good and bullish, if bear can push down the price, maybe we retrace around 9000 - 8900 and then bouncing and going up to 10000, the bear fail to make happen a bearish engulfing yesterday and the right shoulder of the HS is much higher than the left one, this can suppose that there are a possible continuation of the trend. If BTC can...