Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern. In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed. As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min)....
Dear Traders, As we gear up for the week ahead, Bitcoin stands out as a focal point, presenting a potential buying opportunity around the 63,000 mark. While Bitcoin maintains its upward trajectory, it's currently undergoing a corrective phase, edging closer to the critical support and resistance zone at 63,000. What heightens interest is the recent decline in the...
✅ As I expected , Bitcoin reached the 🔴 Resistance zone($65,700-$67,520) 🔴. 🌊According to Elliott's wave theory , Bitcoin is completing wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈Looking at the Market Cap USDT Dominance% (USDT.D%) chart , I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line. Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up. BTC rose to resistance line of channel and...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical...
🔮 #BTC Analysis 🌟As we can see that #BTC was following Falling Wedge Pattern in 8hr time frame Currently #BTC is trading above its major support area. Broken out of partern could lead to a bullish rally📈📈 🔖Current Price --- $61324 🎯Target Price -----$71952 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and...
BINANCE:BTCUSDT experienced a drop from the resistance level, tested the support level, and rebounded successfully. The market continues to find support within the range of 60000 to 61000. Currently, the market is moving within a descending channel, but I believe it will break out and move upwards as the overall trend is bullish. There is a consolidation zone...
Bitcoin will go higher in this week. So we have to be patient for Monday London killzone. Look at the PD arrays. everything is buy signal. I think 65500 is our mid-term target. GoodLuck
Hi. BINANCE:BTCUSDT ✅Today, I want to analyze BTC for you in a 9h time frame so that we can have a short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ✨After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) and now he has reached the...
In this analysis, we observe a parallel channel with a range low of 58,576 and a range high of 73,881. On May 1st, there was a drop below the range low (failed auction), followed by a reclaim on May 2nd. By applying a Fibonacci retracement from the May low to the all-time high (ATH), we see a rejection at the 0.5 Fibonacci level on May 6th. Later, support was...
The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT is currently forming an inverse head-and-shoulders pattern, indicating that the market is still in a consolidation phase. The price is currently ranging below the channel's upper border, which I believe is a sign of accumulation. This accumulation will likely lead to a breakout...
Hello TradingView Family / Fellow Traders, 📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher. What's next? For the bulls to maintain control, a break above the structure marked in blue is needed. 🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be...
Hi. COINEX:BTCUSDT Today, I want to analyze BTC for you in a DAILY time frame so that we can have a SHORT-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ the odds of another bullish Movement is Pretty high because the pattern which BTC is in, Is a Bullish wedge...
BINANCE:BTCUSDM2024 Although there is no indicator for market shift but the demand zones for 4h time frame may indicates that Bitcoin may break through the downwards regressive channel if it stays above the demand zone
#Bitcoin📷 Bitcoin's weekly candle closed below 67K,which is not a good sign. We are now below a critical resistance level. What are your views on this? CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD #BTC
he price has finally hit the daily resistance DR1 and that triggers my short trade idea from there. I think the price will pullback here towards low timeframe support LTFS1. Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
Hello TradingView Family / Fellow Traders, BTC has been hovering within a narrow range marked in red around the $60,000 - $62,000 support zone. Scenarios: 1️⃣ Bullish - Accumulation For the bulls to take full control again, a break above the upper bound of the range is needed. In this case, a movement towards the $69,000 resistance would be expected. ...
Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from the trend line and made impulse up to the support level, which coincided with the support zone and soon broke this level. After this, BTC continued to move up to the resistance level and even entered to resistance zone, but soon turned around and fell below the 64000...