THIS IS PRO ANALYSIS ~~ seems like 200 moving average crossed 50 moving averag on down trend ending with Bullish Doji candle>>>> what you think will happen ?
Training in order to correctly recognize the trend and draw lines of support and resistance
Hello and greetings The possibility of a downward trend until the next 18 days. The price will drop to the $16,500 range.
Beast Trading _ Today's Bitcoin Analysis Bitcoin briefly left down yesterday as it converged, but rebounded to 20.5k. After the rebound, the Fibonacci 0.382 section resistance at 20.5k is slowing down for a while I don't think it's the bottom yet, and it's a little early to say that the upward trend is starting. There's still a lot of doubt about the decline...
as we see bitcoin go more down in these three days and that's back to Powell speech so i think bitcoin will go more down if he break the last resistance we have 17k but we have this senario didn t happen because we still having hope to go up in this place right now thts gonna take some time
Beast Trading _ Today's Bitcoin Perspective Today, I will explain the wave that has been coming down from 25k. First, the bit went up well to 25k, but you can see that the volume was much stronger when it went up than when it went down Through this, it was analyzed that the wave that rose toward 25k was not an impulse wave, but a technical rebound from the...
Wave analysis snr zone range price action trend change
BTC will visit 11,500 and 12,000 levels in 2022. This will happen only IF the BTC Daily candle is Closed below 17,700. So Far BTC looks like it has Bottomed, but Not safe until BTC Daily candle Closes above 24,500. So Trade Safely and wisely. Wait for the daily closing below or above the given levels. Happy Trading Follow me for more at +3244542230
Beast Trading _ Today's Bitcoin Analysis Bitcoin is on the decline as the very important upward trend I told you about yesterday breaks down. Based on the Elliot wave, the shape and volume of the wave coming down from 25.2k (high point) are likely to be coming down as downward impulses. The rebound, which rose to 24.4k yesterday, is seen as the second wave of...
This is our Technical Analysis on #Bitcoin Weekly! In Weekly TF BTC is on Ranging/Flat Market Give attention to strong levels when price reach there!
Each colored section per chart is the same amount of bars/days. These are 4 trends on Bitcoin that are all coming to an end of a 3 phase cycle in the same window of time. Extremely rare occurrence. Expect a major change in trend when these cycles complete.
btc following this channel and made a head and shoulders , now we can see 21500 and if it broken down line we will see 20000 and less down
Reasons: 1. Alt coins explode with a delay (BTC already moving good (look at my last trade) 2. DPR community getting stronger (fundamental) 3. Deeper network introduced new machines to mine, upside should come 4. Potential double bottom and an uptick
If the price closes above our downtrend line, we may have a possible breakout. if the price bounce off the downtrend line, we may see price continue to fall.
I believe BTC to find a bottom sometime between now and 2023 beginning around the 9-12k mark. Hopefully see a strong reversal at that point and climb back to the 20-30k range during 2023 (assuming the economy stabilizes a bit and government intervention is minimal). Nothing too technical just my opinion on the current economy situation over the next 12 months or so.
Seems to me were at a turning point. S/L @ $18,500. This would be a likely Wave C completion point imo.
But we need to drop to the trend line first. TP: $13,350 before reversal Might hit, might miss. DYOR!