Bitcoin broke and closed above a key daily resistance on Sunday. The market is currently retesting the broken structure. Analyzing the reaction to the underlined blue area, I spotted a tiny double bottom pattern on 1H time frame. The price has successfully violated its neckline. I recommend buying Bitcoin. Goals: 28050 / 28400 ❤️Please, support my work with...
Salutations, In the esoteric realm of Elliott Wave Theory, the fourth oscillation has a strong tendency to revisit the territory claimed by the previous degree fourth wave. When one applies this law to the labyrinthine chart of Bitcoin, an intriguing correlation emerges with a distinctive territory that lies between $3,000 and $6,000. This is no ordinary...
Bitcoin formed a huge head and shoulders pattern on a daily time frame. The price is currently testing its neckline. If a daily candle closes below the underlined green area on a daily, it will initiate a bearish movement. A bearish continuation will be expected to 24400 then. ❤️Please, support my work with like, thank you!❤️
BTCUSD The price is currently above support/resistance structure, after a pullback if price holds above the support I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Bitcoin was able to complete the zigzag structure(ABC/5-3-5) with the Ending Diagonal pattern near the 🔴 resistance zone($ 30,040-$ 29,730) 🔴. I expect Bitcoin to continue falling at least until the next 🟢 support zone($ 27,880-$ 27,540) 🟢, although it needs to break the support line downwards first. Bitcoin Analyze ( OKX:BTCUSDT ), Daily time frame ⏰. Do not...
After failing to break the resistance zone reliably, Bitcoin fell back below the 🔴 resistance zone($ 29,030-$ 28,880) 🔴. According to the theory of Elliott waves, the increase in these few days of Bitcoin was in the form of a Zigzag correction(ABC/5-3-5), which also formed a standard Bearish AB=CD Harmonic pattern . I expect Bitcoin to fall after breaking the...
Bitcoin has been moving in an ascending channel for about ⏰4 days⏰, and it seems that it has formed the Triple Three Correction structure (WXYXZ) inside the ascending channel(of course, this structure is rare ). Also, Bitcoin has attacked the top of the ascending channel 5 times but has not succeeded in breaking this channel. But the 5️⃣fifth5️⃣ time is a...
It seems that Bitcoin needs a support zone to complete its pullback, which completes the Double Three Correction(WXY) . The end of wave Y can happen in Price Reversal Zones(PRZs) and Time Reversal Zones(TRZs) . 💡Of course, the reason for the complexity of the corrective structure is the low volume of trading on Saturdays and Sundays. 🔔I expect that after...
Hi everyone👋 (Reading time less than 3 minutes⏰). Why Shouldn't we Get FOMO on Bitcoin❗️❓ Please be with me in this post to answer this question.↘️ To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume , RSI , and Bollinger Bands indicators. I also specified...
Bitcoin managed to form a Shooting Star Candlestick Pattern near the 🔴 resistance zone($ 29,030-$ 28,880) 🔴. Also, considering that Bitcoin's 5-wave downtrend has ended in the 🟢 support zone($ 27,820-$ 27,660) 🟢, today's rise in the price of Bitcoin is a correction(Also, a pullback to the support zone is broken), and I expect Bitcoin to return to the support zone...
Dive into our captivating Elliott Wave analysis for Bitcoin, as we unravel the complex journey from a staggering $69k peak to a potential dramatic fall. Discover how we navigate the intricate waves, predicting a short-term dip to FWB:25K before surging to $35k-$40k. But brace yourself – we're foreseeing a massive plunge to $3k- FWB:250 as the grand finale!...
Bitcoin lost its support zone with a long-bodied red candlestick (currently acting as a🔴 resistance zone($ 29,030-$ 28,880) 🔴. The corrective zigzag structure(ABC/5-3-5) is expected to play the role of a pullback to the lost support zone, and then Bitcoin will fall again to the next 🟢 support zone($ 28,800-$ 27,800 )🟢. 💡The sign of the end of wave B can be the...
According to Elliott's wave theory, The end of wave 4 ended in the 🟡 Price Reversal Zone(PRZ) 🟡, and one of the signs of the end of the wave was the breaking of the resistance line upwards, and wave 5 can continue until the end of the 🔴resistance zone($ 27,900-$ 27,700)🔴. After the confirmation of the end of wave 5, Bitcoin is expected to fall to the 🎯target🎯 I...
Hi everyone👋 Today I want to show you how to confirm the Bull Run for Bitcoin and other cryptocurrencies. ( Reading time less than 6 minutes⏰ ) One of the indicators that clearly show the possibility of confirming the Bull Run for Bitcoin is the 2-Year MA Multiplier indicator, which was created by Philip Swift in 2017. There are secrets hidden in the...
Hi everyone👋( Reading time less than 3 minutes ⏰). First of all, I must say that the financial markets always have surprises for us, so we should not be disappointed and stick to our principles, observe the important points of trading, including capital management, and most importantly, trading psychology, do not make emotional decisions and follow your strategy...
According to the previous analysis, Bitcoin correctly completed wave A in the zone I expected (Sniper).🔫🎯👇 It seems that Bitcoin has formed a descending channel to complete wave B, which is the structure of microwave B of wave B is a Double Three Correction(WXY) . The general structure of wave B is Zigzag(5-3-5/ABC). I expect wave B to complete near the...
Hi, everyone👋 (Reading time less than 3 minutes⏰). Today I want to use one of the simplest and, of course, the most widely used technical analysis tools to analyze Bitcoin, the name of this analysis tool is " Candlestick Patterns ".😉 In general, candlestick patterns are used to enter and exit the trade and to understand the price trend in the chart. And the...