the zone is almost 50 t0 61.8 percent of fibonachi since ATH & ATL, in the same time you can see untouched order block in the zone .as its been shown ,in my point of view based on analysis ,there will be reaction to the price.
1-Apply your own risk management. 2-Daily Targets 3-Hunt the profits at any level you see convenient for you. 4-Raise Your SL any time the price moves up or down to protect your profits 5-Use Less 15% LEV 3
We are nearing a possible conclusion "Cup and Handle" pattern After the formation of the bowl, I expect a correction to the Fibonacci levels ( 0.382 - 0.5 / 35k-30k ) Next, the handle will be formed
BTC is having a good move but it is at a crucial resistance level now. IF BTC can break the 45K - 46800 zone then it will be unstoppable but if it is rejected from this zone then we will have 02 possible scenarios. 1- BTC will go down and take support of the 38000 - 37600 zone and will come back to break the resistance level of 45000 - 46800 and if succeeds then...
Analysis of Bitcoin Time 4 form 4 hours The price is now 43666 dollars. Last night we had a price increase to 44466 dollars. After this, Bitcoin left the white channel and its growth started to reach the level above 40. According to the drawn supply and demand areas (purple), so that it can break the resistance of 44 upwards, the next targets are 44, 500 and 45....
Five reasons why Bitcoin is approaching its sell zone: 1- Dealing with the upper edge of the ascending channel 2- Dealing with the 61.8% fibo of the previous big downtrend wave 3- The RSI indicator is overbought 4- We have hidden divergence in daily time. 5- The volume has decreased drastically. The best area for selling is around the price of 48,000. The target...
I have a giant gapping hole in my strategy that keeps burning me in such a way that i end up giving back in a couple of big losses, all the profits i accumulate for sometimes the whole week or so! I have been aware of this hole for quite some time now and I have done much (including paid courses and groups) to try to address it! But still the hole remains. Here...
Hey everyone, let's talk about Bitcoin! Remember back in June 2019 when Bitcoin really took off and hit that special 65% mark, known as the golden pocket? Now, it looks like Bitcoin might be getting ready to do something similar. We're seeing signs that it could reach the golden pocket again, which this time means hitting around $50,000 before we begin the next...
Hi all, As you can see, it is officially uptrend, But dont just chase the price. No need to be hurried, wait and see the selling force first
Massive rally may be due for correction or even trend reversal based on how the stock market reacts to hitting new all time highs. In general the direction is up with interest rate cuts on the way (next year), presidential election, fed buying up debt and weakening dollar. Dow ath pending, nasdaq still some time before ath. Just dow hitting ath may cause some big...
Finally, price has recently reached for and rejected off of a bearish order block that i had as my point of interest; I am anticipating a long term downtrend to follow since price is being rejected at the price 44,488. This price is significant because of the fact that I applied fibonacci to the swing high to the swing low to determine my area of entry. RFE:...
Be careful guys, Btc looks heavily tricky. Manage risk wisely
I see clear 5 waves up here no much more to say, fibs fit and the higher volume is in wave 3 that has clear 5 waves up too, textbook 5 elliott waves.
- golden cross - increasing volumes - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator, not in this chart) - bottom found (Puell Multiple indicator, not in this chart) - reversal signal (Network Value to Transactions ratio, not in this chart)
We are analyzing the possibility of a long correction after a strong rise.
I see Bitcoin going into the weekly supply zone around 48k and then selling back down to the 30k range. My first target profit is 31,939k. This could be the final move down before bitcoin takes off to ATH. When you look at the current market conditions with high rates , a looming recession, and the yield curve inverted still (2 year and 10 year), I think we still...
Bitcoin has been able to hit the block in a month's time and is now above the block block, and it will be closed for almost 26 days. If you have noticed or if you have already experienced In 2020 and 2018, with the failure of the resistance tuning approximately 500 % If we come at the same price 500 percent for Bitcoin, we can reach $ 180000 or $...
As we can see - BTC is now playing at the range of 42-44k price range which are the price zones for retracement , if we were going to base from the previous move, however if this price ranges declined the momentum will be continue up to the price that we are expecting that future all time high will hit which is 75-80k price range -