BTCUSD before the 6.74% rise. Based on my analysis, the exchange rate turned north from the 50% level of the D1 ATR. A double wave system builds a second rising wave structure. In case my analysis is correct the current rise target price is 12190.54 usd
Bitcoin has broken through $10.560 and found resistance at $10.800.
Now the $10.560 has been retested and the price of Bitcoin is in a Falling wedge, which is a bullish formation.
I expect the gains of Bitcoin to be extended today, reaching $10.800 area.
Bitcoin has broken through 20 and 50 EMA and retested 50 EMA ($10.560), as long as BTC is above...
Bitcoin builds the second rising wave of a double wave system. It can be seen that the correction wave structure in the yellow rectangle is the same. Therefore, I assume that the current ascending structure may be the same size. In case the idea is correct, the target price is 11685 usd
11433.00 is a key area which i entered a long position yesterday. Again it is simple to see why i think this is a key level, look how many time this price has been used as strong support and resistance in the past1 Price hits this level and then bounces in the opposite direction... It really is not hard.
My charts are clean and clear, no need to make them...
The three rising valleys (3RV) pattern on the bitcoin chart has always been a reliable chart pattern to predict future price based on back testing, and the confirmation of breakout of the pattern which begun on 13th March 2020 and ended on 11th May 2020 with breakout on 1st June 2020 gives a reliable prediction that the bitcoin price could reach $15,886 in the...
Price has hit our resistance level too many times already so i think price is gearing up to make bullish moves and smash through this level.
You can see how well price respects key levels from the zones i have drawn on, price enters and then bounces in the other direction.
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