If this downtrend channel stands true, we should make a bounce from here to test 50k resistance or 21 EMA resistance. If we do go lower and break this channel, I would speculate a flash crash. But I believe we are more likely to make a bounce from here and test 50k resistance because we are Oversold on both the Daily RSI and STOCH. If we do test 50k Resistance and...
From my previous post, I expected us to range sideways until 45k support breaks or 60k resistance so I am making a trade within this range.
BTC BITCOIN Heading to 45000 - IMP WEEKLY WEEKLY MACD CROSSOVER
Hello, Guys ABC Correction was not over still bears in the room, seems weekly ema 21 has hold the price strongly but a wick down could take place if we dont see a good volume in this weekend. Cheers.
BTCUSD giving us a bit more confirmation of a Trend Change with a Lower High after falling out of 6 Month pink channel. Although not set in stone just yet, we are likely to range sideways until our 60K resistance breaks or 45k support. But 45k support is crucial as you can see in our weekly chart below. 1 Weekly. We are testing 21 weekly EMA for the first time...
Hello, Bitcoin is going as predicted, consolidating above 50k is a healthy and good move for bulls as we collecting the fuel from in this range. Rising wedge 2 has been done with abc correction now new Elliot waves has been started, we will see a minor pullback to 55500$ as per liquidity data and then btc will be most probably going to restest the 60k resistance...
Hello, Let me make it super simple for you all, ABC Correction is over from the rising wedge It's time to break all the resistances.. Weekends chops are going on to punish overleverage plebs, we will see soon a big green candle in btc as Elliot wave theory is imminent the principles can not be manipulated. so no chance for bears in the room right now until we...
Currently Bitcoin has stopped at the 60k support but isn't looking all that great. This is the 3rd attempt to break out completely, but each time it has failed miserably. The ATH was right at the R3 weekly and the support was right at the old resistance. Slightly lower we have a key diagonal coming from the 29k bottom + horizontal + weekly P + CME gap at 59k +...
What do you think about this scenario? I´m not a bear but something like this is certainly possible. Hope things will get green soon. GL everyone
Hello Guys, Bitcoin has made a harmonic cypher pattern on daily timeframe which is bullish. Cheers.
We made support on 81 EMA as of now. We have a good chance to go back up to test 21 EMA or bottom of pink channel as resistance. 21 EMA and bottom of pink channel acting as resistance gives us good confirmation of a trend reversal. For further confirmation, we can wait for a bearish daily EMA crossover.
I drew trend lines on BTC. Interesting stuff.
BTC BITCOIN SIDEWAYS FOR A WEEK IMPORTANT LEVELS BTCUSDT BTCUSDC XBTUSD
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I am bullish btc, but this violation of long time bull channel, may provide oportunity to short or at least reduce exposure.
Bitcoin is looking the top of the channel. Then, we will see...