If you look carefully at the Bitcoin chart in the 4-hour time frame⏰, we can see three classic reversal patterns(at the same time). The first pattern is Symmetrical Triangle pattern 🚩, which in general, the continuation pattern can be used as a reversal pattern in some cases (for example, right now 😉) The second pattern is the Diamond Top pattern 💎. ...
Today I want to show you how to get Bitcoin to the support zone using 🌊Elliott's Theory🌊. Yesterday I showed you the way to the support zone using classic patterns.👇 It seems that Bitcoin is completing the 3rd wave, which is extended. The end of wave 3 will be below the 🟢support zone ($26,980-$26,580)🟢, and since wave 2 had a price correction, we can expect...
Bitcoin seems to have managed to form a symmetrical triangle near the🔴heavy resistance zone ($32,400-$28,120)🔴 and resistance line. Also, candlestick reversal patterns on the upper line of the triangle can be a sign to break the lower line of the triangle. I expect the lower line of the symmetrical triangle will eventually break and take Bitcoin to the 🟢support...
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...
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...
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....
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...
Bitcoin is breaking the support line. After confirming the break of the support line, we can confirm the end of the Double Three Correction(WXY). I expect Bitcoin to follow the way I have outlined on the chart over the next few hours. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you...
To start this post, I suggest you read the Bitcoin Roadmap that I shared with you yesterday.👇 Bitcoin was moving in an ascending channel to complete main wave A, and breaking the 🔴resistance zone($25,250-$24,440)🔴 ahead was far from expectation. Regarding to CPI announcement published by The Fed, we witnessed a 🐮Bull trap🐮 that ended above the ascending...