In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind. I have already started a...
Bitcoin seems to have completed wave 4 with a double three correction structure(WXY) on the downtrend line. Wave 5 is expected to continue until the 🟢support zone ($26,980-$26,780)🟢(Wave 3 is extended). But since the volume of trading is not high on Saturday and Sunday, as a result of breaking the support zone, it is a bit far from expected, although 5 downward...
It seems that we are seeing the second 🐮Bull Trap🐮 in 24 hours for Bitcoin, with the difference that the regular divergence(rd-) between these two peaks is clearly visible in terms of volume. Also, when Bitcoin has supported the resistance zone towards the zone, it is less than today's upward movement, and we conclude that there is still a high probability of a...
Bitcoin formed an ascending triangle but failed to break the upper line of this triangle and created a 🐮bull trap🐮. I expect Bitcoin to go down to the 🟢support zone ($26,980-$26,780)🟢 and most likely break this zone. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please...
It seems that Bitcoin has used two classic patterns of Double Top and Fan Principle at the Bottom patterns to fill the first upper CME Gap. I expect Bitcoin to completely fill the upper CME gap after breaking the third line of the Fan Principle at the Bottom pattern and most likely fall again. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget...
It seems that the story of filling the 🔵CME Gap🔵, which Bitcoin tried to fill for several days, is coming to an end. It seems that gap filling is happening by 🟣bearish AB=CD harmonic pattern🟣. Point D of the bearish AB=CD harmonic pattern will most likely end at the end of the gap and on the 🔴resistance line🔴. I expect Bitcoin to decline to the 🟢support line🟢...
Today let's take a look at the Bitcoin Dominance Index(BTC.D) and see if Altcoins are the right place to invest again if the cryptocurrency market is bullish or Bitcoin. Conversely, if the cryptocurrency market is bearish, can altcoins counter the fall or not❓ To answer the above ambiguities, we should first familiarize ourselves with the definition of the...
Bitcoin was able to break the lower line of a 🔵symmetrical triangle 🔵and 🟢support line🟢 by a breakout candle. I expect Bitcoin will go down to the 🟢support zone ($26,980-$26,780)🟢, and It will most likely break this zone. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to...
Based on this technical analysis you can see easily how far bitcoin can go once its trending upwards, we saw similar behaviour in 2021.
After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B. If you are curious about the structure of the main wave A, I suggest you take a look at the following post.👇 After breaking the resistance zone, which has now become a 🟢support...
As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K. As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K...
Hello dear traders. As you know, there is a sign💡 for everything in this world. For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear. In the world of cryptocurrencies, there is a sign for everything, too👌🏻. There are many ways and signs for upward and downward movements or...
Bitcoin has mocked the 🟢support zone($21,600-$20,940)🟢 in the last 4 days😂. Bitcoin reacted to the Price Reversal Zone (PRZ) ,Important support line, and 200-SMA, as I expected in the previous post (Title:➕Positive➕ and ➖Negative➖ signs of Bitcoin🤓 ) and started to grow. Bitcoin is currently moving on the 🔴resistance zone($22,640-$22,350)🔴 and downtrend...
This is Bitcoin’s chart in the monthly timeframe (Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of Bitcoin through these movements. I analyzed each significant movement and correction that Bitcoin had from the first. Bitcoin was able to make a new All-Time High (ATH) after each significant movement. 🔆In...
Hi✋🏻dear traders, I'm pejman🙋🏻 and welcome🌼 to the navigation👁️ of the Bitcoin Phoenix rebirth🔥. As you know, Bitcoin has appeared as a legend in the cryptocurrency🪙world, so this currency should be described📜 as a legendary💫 bird. Bitcoin, the world's🌍 first and most popular💕 cryptocurrency, has experienced a rollercoaster🎢 of highs⬆️ and lows⬇️ over the years....
Bulls are pushing Bitcoin again. The price have updated a new high and currently approaching 27000 level. From a technical perspective, we see a breakout attempt of a major weekly resistance cluster. The weekly candle closes it 2 days. Closing above the underlined area, Bitcoin will open a potential for a further bullish continuation. ❤️Please, support my...
Imagine missing out on the greatest wealth creation opportunity of our century. What will you tell your children later? "I was waiting for the dip" 🤣
Bitcoin analysis has been like a 🧩 puzzle 🧩 to me for the past two days (It has always been a pleasure for me😉). During the last two days, Bitcoin has been able to make a rectangle pattern, so Bitcoin has reacted well to the upper and lower lines of the rectangle pattern. Also, according to the theory of Elliott waves, it seems that Bitcoin has succeeded in...