Interesting observation on Daily Timeframe for BTC On daily timeframe the price action of BTC is following psychology of market cycle. Market works in repeat patterns and cycles, and it is possible we might at the stage of Aversion. Interesting theory with spot on observation!
BTC is in a position to break down the rising wedge here is still support for FIB 0.5 at 41 - 41.350, if this break and rising wedge is valid, there is potential to follow this setup
ALGO USDT 1H breakdown rising wedge pattern ALGO USDT 1H breakdown of rising wedge pattern and potential double top pattern as well. (based on news again, who knows it's fake)
$BTC Analysis February 23th, 2022 $BTC forming a descending broadening wedge pattern, BTC is creating the perfect price action for a breakout. I am still waiting for a clear break of structure before looking for long opportunities in the market, MACD is showing bullish momentum, RSI and OBV are neutral. **Trade Idea:** - Watch for bullish pressure at the blue...
Bullish bat pattern can be found on BTC Trade idea Wait for the price to reach PRZ (Potential Reversal Zone), Once the price reaches PRZ and finds support, Reversal can be possible if the bat pattern plays out
Price is ranging inside a 4h support zone around 44.2k which is a little more refined area of the 12h resistance zone . MACD is showing bullish weakness, RSI is overbought and EMAs are turning bullish . Triangle Pennant is formed and Breakout is expected anytime soon. Watch out for for lower timeframe bullflags and ABC correction and BUY Bitcoin! **Trade...
$BTC Breakout Update February 7th, 2022 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ MARKET ANALYSIS HTF: #BTC Weekly Heikin-Ashi candles got GREEN after a green Doji. We need a closing above the current candle to rule out bullish reversal. Daily Breakout still in play, After creating a fakeout resistance, BTC manage to cross 1h Resistance on Lower Timeframe, Now price has been showing very...
#BTC weekly Heikin-Ashi candles got GREEN after a green Doji. Does it show bullish reversal? For more confirmation, we need this week candle closing above the previous Heikin Ashi candle.
$BTC Analysis February 1st, 2022 ➖➖➖➖➖➖➖➖➖➖ MARKET ANALYSIS HTF: Price is still showing slow movements and is currently getting rejected once again from the 4h resistance. Triple Top is created at the resistance of 4H Supply zone and still respecting the pennant formation. The ideal reversal zone is the 0.61 fibonacci where we have structure and the descending...
$BTC Analysis February 1st, 2022 ➖➖➖➖➖➖➖ #BTC is again trying to break this 83-day old declining Resistance line 👀 RSI is already confirming the breakout !! ➖➖➖➖➖➖➖
$BTC Analysis January 31, 2022 ➖➖➖➖➖➖➖➖ MARKET ANALYSIS: Price got rejected from the resistance level it formed at 38200 levels. MACD is showing bullish weakness and further dump can be anticipated. $BTC currently getting support at 50 EMA . RSI seems neutral. I am expecting more downward movements aiming for the 4h Support, Price needs to close below $36400 in...
FTM cup and handle on lower timeframe, Possible breakout as BTC breakout also in play Entry after breakout TP till 2.50 SL 1.90 BELOW
After the bloodbath, I am expecting a bounce from 30k levels
✅ Possible RSI divergence ✅ Macd convergence ✅ Trendline acting as support (RETEST) 🚨 Rejection from POC + EMA 50 resistance, In order for the market sentiment to get changed we need to flip POC (RED LINE) and test local resistance (White Line) for now I expect price to retest the 1h support at (46200ish). MACD seems bullish but RSI and EMAs are still...
BTC DAILY (12H) ANALYSIS We saw a very nice push up recently. Bitcoin hit 58800, The rise looked very sharp Now we are watching the price to break the 59K level and get in on the retest of 59K with stops below the structure. We have seen BTC respecting the ascending continuation trendline indicating a bullish momentum but as soon as we reach the resistance...
Btc had a massive drop to 56k still it could be a shakeout to confirm this some points are mentioned in chart
Potential Head And Shoulder Still Right Shoulder to be made!! Keep Calm & Don't Force Trade Let Market Bring Us a Good Opportunity !!
Btc trading at 64700 Potential Reversal Zone is $62000, Bitcoin need to test it support at 62000 for MOONING THIS WEEK 70k