this analysis is based on support and resistance chart pattern ( Head and Shoulder) and (Rising Wedge) and extended ABC correction in the chart on bitcoin ill be starting my trade on this for bear market which will b 4th wave in deca cycle wave if we break the blue line below or else their is possibility that we may bounce from their and end at ATH of 87.5 k from...
As always, a micro formation isn't going to have the same reliability as a formation that took over a month to form. Key things would be that this formation is lower than the $50,500 high set on August 23rd and it is forming on top of the trendline from BTCUSD all time high to the $50,500 high. Even though this high is just $50 lower it is a lower high. This is...
Bitcoin is at the crossroads as to whether it's bullish or bearish. In this short analysis we'll explain how and, more importantly WHEN, you we determine which of the two it is. By being able to identify the technical direction at the earliest safest point, we'll either be given the gracious opportunity of stepping away from the fast-approaching freight train, or...
be careful The bears came for dinner Take care of your capital The market is in a sensitive situation
This idea is labelled short to indicate that the current trend is bearish; this is not a signal to go short right now. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin price action looks very weak the...
Bitcoin has seen a very bearish few days after getting rejected from 41K. Ever since that rejection and the break below the 200MAs on the 15Min and 1H chart, price has been unable to recover above it. The most recent test of the 200MAs on the 15Min resulted in a rejection and prices fell even lower. We are seeing a slight bullish RSI divergence, so price might...
Asalamualaikum currently bitcoin is creating an head n shoulder pattern. lets wait for completion. NOT A FINANCIAL ADVISE. HOPE YOU ALL ARE FINE.
Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin just broke down from the confluence of support zones, namely the trendline support @ 38.5K, the previous swing high also @ 38.5K and the 200MAs on the...
The non-return of the price and the stop in the range of $ 34,000 is a sign of a bigger fall for Bitcoin This is a good price correction and we will see growth again after that
Bitcoin on a 3w chart analysis, like I said before on my 3D chart analysis be careful and make sure to set up you stop losses. Don't act dumb and just think Bitcoin was at 3,300$ bottom in early 2020 and now it hit a high of 6,400$ in mid-2021, All I am saying is don't be bull high and the last chance for Bitcoin to remain bullish is for it to retest the 42k...
Last six months have been bullish, and with each green there is a need for healthy correction which we have not seen yet in the monthly candles. While going through the all time data, i have identified an strange pattern, and I Guestimate that the upcoming two months might be a bearish ones for Bitcoin. Here is the table below: Sr....
It's possible, I'd give it a weak 40% chance, but still considerable. If it were to go down, don't worry, $51k is the strongest support
Looking at a race beginning between the White Energy in the 90 minute and the Red RSI in the 3H. What does that mean for the indicated price action? Of course, nothing is guaranteed. Except that this is not Advice, merely educational study. Even as I type this the price action has shot up to $47,200 Doesn't mean we shouldn't keep watching closely!
If this Red RSI in the 90 minute closes below 50, then the white energy in the 90 minute needs to close above 50 before the Red RSI in the 3H closes below 50. Right now, with that angle of descent, that looks unlikely. AND, if the 12H Green closes below 50, especially with the Red RSI heading down strong with it, we could see a Bearish move to the Yellow Basis...
Might not be tested today, but I've noticed that flash crashes like that are indicative of actual selling in the near term. Call it a day or two perhaps.
Bitcoin is clearly on a retracement pattern. The gains have just been too strong and the market is venting. The test of the 0.236 fib. retracement at ~$17.5k seems inevitable. This may not be the strongest support as Bitcoin is breaking the higher lows trend line (upper green arrow). That leaves $17k to hold. Keep in mind the massive gains on Bitcoin over the last...
Bitcoin is on the overbought/overvalued section. This could lead BTC back to some key levels for a healthy pullback.