Great British pound vs Us dollar. In my opinion, Short would be a good idea.
Are you ready for 54k ? I think btc would like to visit 54k again in order to complete 4th wave out of 5 waves, and then continue the bull trend again to complete 5/5 wave.
This is BTCUSDT weekly update. In my opinion, there will be enough reversal signs In the market in the following weeks and months.
To the moon .... If Bitcoin holds the yellow neckline, we would see a new ATH. Otherwise, we might see another dump. Remember, Bitcoin is usually bullish in fall semester.
As you can see in the chart, the first up trend took 8 candles to move up about 7.5%. The second up trend took 12 candles to move up about 3.9%. On the other hand, the first down trend took 53 candles to move down about 2.3% and the second down trend took 30 candles to move down about 2.2%. Therefore, it's obvious that the up trend is weakening and in contrast,...
In this analysis, as you can see, previous point M placed between wave 3 and 5. Therefore, I expect a little up trend for Bitcoin in the next few days. 49000-49500 would be a good target for next days. Remember, in this scenario BTC wouldn't be allowed to break wave 5. Therefore, if we see any daily closed above 50600, this scenario will be obsolete. I expect a...
As you can see we have a descending channel. Bitcoin is going to complete it's 1H cypher pattern. If we see any price reversal signs around 46700-46800 price area, price will fall down and we will most likely see 43500-43600 price area as a good support.
It seems we may have head and shoulder in the end of the recent bullish trend.
What's your idea about this fractal analysis ? I think future is nothing but the repeating of past.
There are plenty of bearish market signs in BTCUSDT. Low daily volume, Daily divergence in RSI and MACD, Bearish butterfly pattern 4H, And ... 48500-49000 is my next target.
Hey everyone, this is my final idea about Bitcoin. 51300-51600 and 52800-53200 are very important areas. If the price riches these levels (butterfly pattern form), it will most likely fall down to 42-40K due to bearish market signs (such as weaker trends, daily divergence in RSI and MACD, Strong PRZ and so on). Fell free to post comments if you disagree with my idea.
Hey everyone, I'm not trying to predict next movement. I can say neither it goes up nor it fall down. So, please consider this as a tutorial : 1st question : what is an uptrend exactly ? Uptrends occur when we see higher high and higher low. 2nd question : when can we say an uptrend is getting stronger ? When we see upward movements which are larger than...
Due to price action, BTC breaks it's trend line successfully. Next target is 45600_45500.
It's my personal standpoint about BTCUSDT and also a new update. First Long to 49.8k and then short.
Btcusdt, update. I think we will see correction. Most of the Sep months are bearish by the way. Key supports are : 47300. 46750. 46000. 45300. 44000. If we lose 42000, we will probably go under 28000.
This is how I see Bitcoin in the next few hours. Careful about fake breakouts!
BTCUSDT, Head & shoulder pattern, Also we may see 12345 pattern. Don't forget to check related idea.