💎Technical Analysis Summary💎 BTC/USDT -The Bitcoin bulls are defending the 3D 200 Moving Average -This important moving average is a confluence of the previous trendline -Which for now, is acting as a key support area during its retest -If the bulls can hold this level for the next 1-2 weeks -The chances to form a reversal pattern and retest the 40k-45k level...
Posting so I can look back at my analysis. This is my outlook for 2022 and 2023. I believe we will see a BTC peak late 2022 or early/mid 2023, then alt coins will rally shortly after. I speculate the BTC/USD evaluation could reach $180K. Some uncertainty around the current global state and foreign affairs.
• Since Apr’21, BTCUSD has been consolidating in a range. • Wave (2) was relatively clean and simple. Wave (4) is thus likely to unfold as a more complex and frustrating correction. • Dubious speculation: the $69K top might be the end of the B Wave in a running flat correction, and we are still in the C Wave, (4) in the larger wave count, which will bottom at...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is now testing the previous trendline resistance -If this area of confluence turn into new support in the next few days -Then BTC will have a higher chance of going back above 40k dollars or higher -On the bearish side, if a daily candle closes below this support region -Potential test of weekly support level...
This is my Elliott Wave scenario. FLAT ABC is clean. 2 main possible targets i see are the 100% at 32574$ and 24403$ at the 123% Fibonacci. I will post an important chart of historical Bitcoin bear market retracement, you will see that Bitcoin always had retraced on the LOG 0.3 or 0.382.
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin may have found new support around 42k dollars -And a new resistance zone at 45k dollars -We can expect BTC to consolidate within these two areas of interest -I am expecting a sideways action for the remaining weeks of this month -As for the Altcoin space, they are in mixed condition -Some coins are moving up strong...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin finally broke out the midterm descending channel -The bulls also manages to overcome the resistance at the 40k dollars zone -This is a good sign in terms of price action for this month of February -If we are looking for a potential new support area is somewhere near 40k level -Many Altcoins are starting to print a...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected at the previous key support area and EMA 19 -A bearish engulfing candle is printed yesterday closing price -If this downward move continues, the potential support is somewhere 34k dollars -It is really hard playing swing trades on the spot market with this type of condition -So please be careful holding...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is making a series of mini higher lows on the daily time frame -If we plot a trendline of support, it looks like an ascending channel -This is technically bearish and considering the previous support is just a few percent away -Be careful because the price is about to test the important daily EMAs too -If BTC faces...
💎Technical Analysis Summary💎 BTC/USDT -The bitcoin weekly time frame is now testing its last area of support -Also, partially/almost filling the CME gap today around 32k dollars -Based on price action since November 2021, a series of mini consolidations and breakdowns -We can easily plot a red trendline resistance from the 69k dollar top -If BTC repeats its...
💎Technical Analysis Summary💎 BTC/USDT -Regarding my previous BTC update, we saw multiple bearish price action -Today, the triangle is confirmed with a downward market direction -I don't know how far down Bitcoin can continue -So if you want to play on the safer side, please wait for any reversal signs -Trading altcoin on spot market is at high risk for the...
Alright, updated all of my previous analyses w/ thoughts that we're bouncing here rather than seeing further downside. The initial support at $39k was hit, and while I thought we'd see further downside before a move up, it looks like we're bouncing here at $41k and holding support. I think the most likely scenario from here is for a bounce higher to play out...
💎Technical Analysis Summary💎 BTC/USDT -Today's update is looking at the 12h time period -In terms of price action, this is technically bearish -We can see a series of lower highs and flat areas of support -The support becomes weaker the more it gets tested over time -We saw what happened last January 5th, the price broke its support -If this bearish triangle...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin closed the weekly candle above the key level again -So far, it is holding it up but the bulls are still not safe -This can be another potential mini bear flag -We need to look at both sides of the market -So we will not be committed to 1 bias only -I am patiently waiting for a good sign of trend reversal -But I...
💎Technical Analysis Summary💎 BTC/USDT -It looks like the Bears have won the consolidation range -The potential bear flag is likely confirmed with 2 days left before the candle closes -Before this breakdown, we saw many bearish price actions or signs of weakness -The price created a new lower low breaking below 42k dollars -The market is currently in a...
💎Technical Analysis Summary💎 BTC/USDT -It is not a good weekly candle close for Bitcoin -As the price is back at the floor of the trading range -Be careful because by looking at the price structure -This can be a potential weekly bear flag and the target is around 38k dollars -Since this is on the weekly time period, this can take days or weeks to...
💎Technical Analysis Summary💎 BTC/USDT -My previous update last December 23, expecting the bulls to hit push 52k dollars -But as soon as the price entered that region, the bears acted defensively -We saw two bearish rejections and finally the bears manages to bring the price down -Today, Bitcoin is retesting its key level of support which is not a good sign...
Hello everybody We backed we another analysis of Bitcoin According to the chart you can see the price was in pattern of channel, and expect the price should drop more to reach to the bottom of channel but that analysis failed and the price break the trendline trading that shown us power of the market. At this time i want to tell you the scenario of the market...