Bitcoin chart in 15 minutes time frame: the pattern formed is called reverse shoulder, entry point, stop loss and targets are specified. If the middle of this channel fails, the probability of the price reaching the targets increases.
Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could...
BitDAO, like many crypto projects, went into a downward path from the beginning, a long one. After BIT broke the major downtrend line, an impulse upward wave started. Then the corrective wave followed in the shape of a minor descending channel. Now it seems BIT broke this descending channel and is going up. Let's see how up BIT can go.
Hello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have a correction from 30K which I expect to complete the pattern and retest the support base band (24400-25400) and then a move up again to (29400-30400). Of course the price tested 25800 once but may...
Hello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have a correction from 30K which I expect to complete the pattern and retest the support base band (24400-25400) and then a move up again to (29400-30400). This support zone will be a good point to buy...
The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom.
But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve.
In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time...
Hello guys. This is an update of previous analysis (blow link). An analysis of BTC , because it's leader and orienter the whole crypto's market. We said that we have two suitable points to buy, and the both of them 21.5 and 19.5 were activated and targets reached. For now we have a correction which I expect to complete the pattern and retest the support base band...
Hello traders, Everything is clear on the chart for you like always. In a bearish wave, I expect a small upward wave, so monitor the price's action in the PRZ to enter the position. For lower risk you can wait until the trend line is broken.
Perform risk management due to position against the trend of price movement.
Good luck.
If you like the idea, do not forget...
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How many times...
It can be interpreted as an inverted head and shoulders pattern, also we see a potential trend break. I have two entries, one at 0.543 and a limit order below 0.46
Best regards EXCAVO
As the monthly showed, and now the weekly EMAs are changing upwards… aligning with new angles on the weekly DCA safely, (As we saw a quick move will take out the trade economy). Why? This has been an ongoing study into Gann for over two years. We could get a massive cup and handle.
BitDAO (BITUSDT) has the same chart as other altcoins and is also following the same patterns...
A low hit late December, a strong crash in early November, relief rally in August, etc.
Now, BitDAO is moving ahead.
It is already trading above EMA50 and even EMA100...
Since the altcoins move together...
Since BitDAO is going through the same pattern as other...
