BTC / Weekly and daily : BTC is breaking out of the falling wedge in the weekly timeframe and has already closed 3 Daily candles above resistance in the daily chart. Being a bullish pattern, The first target of the breakout is the 30k resistance zone.
The weekend was quite active on the crypto market. Many cryptocurrencies grew in value, including the main one - Bitcoin In general, it happened as we assumed in the previous idea: people started closing shorts either by themselves or by the stops, and the prices of all assets began to grow rapidly. We assume that another impulsive growth to the...
BTC broke out of the 7 month falling wedge to the upside, breaking above the top of the distribution at 25K will be conformation for more upside. Fractal taken from the end of the 2018-19 bull market.
Last week, Bitcoin has also broken above 21k resistance and accelerated to 23.5. The bullish momentum for Bitcoin and all the crypto market is intact and we can have a rise to 25k zone resistance. At this moment 21k offers support and dips in this zone should be considered good buying opportunities
MONTHLY- 8 Days left, before the close of the candle which most likely become a strong engulfing candlestick pattern - There's also a retest on previous high in monthly structure WEEKLY- Weekly became uptrend after breaking the 21460 high DAILY/4H -also currently What I'm waiting for right now is 1. the retracement on 21460 or 21500 high of the week and 4H...
Pulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from. Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low. If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How...
This will be the chart I go off of if the market doesn't crash. If it doesn't then we will be slowly fading until (1+√5)/2, meaning 5/12/23 or May 12th '23 even thoug the Gann Star extends to the 18th. We have some very important moves in the next few day, and if you've been looking at the RSI's and stuff, you can see we are about to make a move down. I'll show...
We observing similar pattern in early 2019 which seams to correspond with current BTC/USD pair behaviour. We expect slight correction to 21233 mark and continuation of Bullish momentum towards 27,500 resistance.
Not sure many realize BTC broke it's downtrend from Nov 2021 and sitting on it currently (on log). What seems to be the least and most mocked scenario? Up only from here, so it's definetly possible IMO.
-Hello Traders, Price had consolidated for a longer period and recently it broke out due to a strong bullish momentum, recent price action indicated that we are on the verge of reversal on #btcusd. what do you think?
- Not a price speculation. - Not a bottom Confirmation. - No need to speak too much because everything is on chart. - Understand this analysis. - Zoom in / Zoom out. - Follow the Lines and Circles. - Look for potentials breakout zones. - Aberrations are frequent in a turbulent market. - Supports always turn to be Resistances and vice versa. Happy Tr4Ding !
Another update on $BTC/$USDT coming into this you can expect either a rise to mid $23k or jiggle and go upward of $24.5k and or in those times drop down and potentially hit lows of $19k~ in most likely March April. Not advice finacial or otherwise! Feel free to discuss!
Hello, everyone! Making many mistakes last couple of weeks I am not going to give up in learning how to trade using Trading Chaos by Bill Williams. I don’t know why, but I believe in this approach. I decided to switch to the 1h time frame to have more practice. Today I am going to show you my next trade. Let’s take a look at the WHITEBIT:BTCUSDT chart....
From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line. From psychological point of view I see a lot of FOMO. "bull run started" "load your bags or stay poor" "generational lows" "what if I missed a bull run again. I need to buy now" When you look at the WALL STREET CHEAT SHEET -...
We are waiting for the pattern to be completed in 1H and then Correction in 4H, which will be with divergence and then the trend will continue to rise
Yesterday it looked like we wouldn't go through resistance but we did so now I'm a bull. Go with the flow be like water and win.
Hello Traders, this is my weekly analysis for btc from TA perspective : Btc was moving in impulse wave, with confirmation in swing ratio and volume. Is now showing volume divergence and momentum divergence, that indicate reversal soon. Am still expecting wave 5 to be happen after small retrace towards around 21.3k - 20k to touch MA200 (Daily) once again. ...
Hash Ribbons on yearly BTC chart indicating a 2024 move upwards proportional to the two previous massive green candles in 2017 and 2020.