We are in wave 2 of 3 Elliotts Wave 2 is being completed in a zigzag pattern We are currently in wave 2 of the last 5 waves of the pattern In my opinion, this upward wave in the valid Fibonacci percentages of the previous impulse wave stops and a 3-descending wave is formed. The important point is that in all the steps of completing this correction pattern, the...
My Weekly time frame view on Bitcoin. In near future we may see Bitcoin to 90 k level after it finished the consolidation phrase ABCDE. Strong support zone Starts from 28600$ to 33029$ in other way strong resistance zone starts from 68771$ to 65078$. so while the market consolidates we can buy and sell bitcoin on those areas with proper risk management. Thank you...
Bitcoin rallied over 34% since its low on 25th January 2022. Rally has been fueled by speculation that the FED would not raise interest rates as aggressively as it projects. However, we think the FED will be forced to raise interest rates at least twice this year, primarily due to high inflation which poses structural risk to the global economy. Therefore, we...
#BTC looks like it may test 0.618 soon - lets see what happens next
As Bitcoin touched $34k on January 22, most of the investors were sure that the king coin would fall to $30k as only then would it generate the necessary momentum for a bounce. Turns out the market actually bottomed out at $34k and is now only going to continue looking up. With BTC marking a 9.71% rise in a single day, it has in total revived the price action by...
Hello, everyone! The symmetrical triangle which I consider in our last analysis transformed into the ascending triangle. It can be transformed also in rising wedge, but now it’s the triangle and we are going to wait for the breakout. As a result we have two scenarios: 1)Scenario 1 – the breakout to the upside target $44700. This scenario is possible, because we...
Hi guys, These are the next valid supports, but every price level between 32000 and 39000 is an opportunity for reversal. Only buy when you see a very major sell volume. Comment your questions...
Hello, everyone! Bitcoin took my stop-loss. I lost 2% of capital. Is it dangerous? Of course not, I is the part of this game! What do we have now? Pifagor MFI and Big Guy indicators gave long signals again. It is great! Fear and Greed Index = 19 – extreme fear – perfect! Falling wedge is still actual – nice! While this falling wedge is not broken everything is...
My next Bitcoin prediction is here. Yes I nailed my last trade harder than Charlie Sheen in a hotel room with four pornstars... ...but I am not here to talk about that. I am here to talk about all the people who are now saying "37k! Bitcoin is crashing!" Because they are the same people who just a couple of months ago were calling for a One Million Dollar...
BTC will drop to 33000 and will start bull run after the 2nd week of 2022 March
Hi, I try to post often so if you could follow and like it would mean a lot to me. In my previous idea I talked about BTC breaking down the 45K support and that scenario played out today. I expect a price movement similar to what happened in june. The OBV is decreasing and altcoin market is bleeding out and for now is very risky to enter a trade with high...
Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
BTC Forecast for the week December 2021 Look to sell Bitcoin for next week
it's a bull trend? what do you think? Is this falling wedge going to happend?
Bitcoin is in a correction phase, against the backdrop of a falling global market, this is normal. The bearish move is not one day, but there is strong support ahead, like an uptrend. and local. I think that we can see at least a rollback, but also the beginning of price recovery and an upward movement to update tops. While we are watching how the price will...
Bitcoin has reached the May 2021 high, which is also at the 60000 psychological price. I expect price to fall back to 52000 before rising higher. Please support this idea with likes.
* Not a financial advice Bitcoins current situation with 3 days TF. Bulls nearest target is 52K while gigantic bearish flag is expanding. Bulls trying for trend reversal and they succeeded till now so far. They now have daily support but resistance also growing. So everything depends on magazine news and your point of view. Bulls have got important backups but...