What do you think? Is it the turning point for Bitcoin Price Action or Bitcoin's Flight to the Moon is halfway? Comment down. Here is what my analysis says: 1. Rising Wedge Pattern on Daily: Starting from the start July 21, 2021, Bitcoin started formation of rising wedge - First one smaller timeframe (4h): and then on Daily Timeframe shown in the...
We're currently observing Head and Shoulders Pattern in hourly timeframe on BTC/USD. Bitcoin has broke down and is up for retest. Target is $47800 for now which aligns with the hourly 100 Exponential Moving Average. Moreover, we're also observing Bearish Divergence on multiple timeframes. Muneeb.
From the past 2 months, Bitcoin has been moving in the Bearish trend and the market sentiments were also bearish since then. When BTC closed below 50 Week EMA, Elon Musk, Jack and others announced the Bitcoin Conference out of nowhere which created a pre-event FOMO in the market and started turning the market green although technical where bearish in...
Hey guys, I'm up with new analysis, a new idea about BTCUSDT. Here you can see a bold red curve which is actually the famous 11-years-resistance line (actually from the time Bitcoin is launched). Past data shows that whenever we touch this resistance, the bear market starts. Here is what I have noticed: "0.618 fib level and bear market targets" In 2011, the...
Here is a simple trade setup showing a symmetrical triangle that is a neutral pattern. This means that price action in, bullish or bearish, either direction has a 50/50 probability. But in my view, it's not actually 50/50 but 60/40 maybe? There are a few things that can be used to have 'educational guess' about what's more probable. We know that "More than...
Here is another possible scenario for BTCUSDT which is unfolding. Possible Targets are $25000 but I suspect BTC can wick up to $19000. For detailed analysis, watch this idea: Muneeb
This is a very lenient chart analysis of BTC (I would say) where I have made ascending triangle by joining wick to wick. Although, BTCUSDT broke out in the downward direction yesterday and successfully bounced out from 61.8% Fibonacci golden ratio to retest the previous support as resistance. Currently, BTC is in the retest phase and is facing a resistance of...
Here is another price action analysis of BTCUSDT shouting out loud that Bitcoin price is currently on a verge of chaos. This analysis shows that BTC price has made touch to the multi-month trendline. It needs to close the daily candle above $50000 in order to give a safe signal to bulls. If it closes below, we might visit $42000 as stated in the previous idea...
BTCUSDT has been forming a rising wedge pattern which is a bearish-biased pattern. On May 10, 2021, it breakout downward and took 2 days to retest the previous support to turn it into resistance. We can also spot Bearish Divergence in the price pattern and RSI. Well, Elon Musk's tweet boosted the bearish price action liquidating billion dollar worth of...
ENJ is at 50 period moving average of 4h timeframe. Analysis is here. Remember! This is analysis but still depends on BTC behavior. Trade safe!
Here is the #BNBUSDT Daily Timeframe chart and you can see a Big W-reversal Pattern which is a sign that Bulls are refuelling themselves to push BNB to a new HIGH! A month ago, I gave the signal of BNB to start its big move. And yes, it did from $313 to $630! Here is that idea: Again, I'm up with the #BNB signal! According to analysis, if BNB crosses the...
BNB after make a new All Time High at 630 is in a continuation pattern and is forming a symmetrical triangle. According to the analysis, BNB needs to cross the previous high (580$) on 1h chart to reach new all time high. An additional point is that BNB buildup near the resistance hints breakout soon.
SRMUSDT chart shows a perfect ascending triangle which bullish. It has already broken out which means that it may retest the previous resistance as support but you can always hold it. Targets are mentioned.
I have been observing BTC making this rising wedge in 4h and 1d charts. Even though this pattern is bearish-biased but many analysts were talking about this rising wedge to break upwards because of Coinbase IPO but as BTC approached $64k All-Time High, the Turkish Government announced to ban cryptocurrency payments. BTC Dump was expected but wasn't happening...
The Price Chart of TSLA is quite interesting as there are many price patterns forming. In a birds-eye view, you can see a symmetrical triangle. Then, in the short-term, price is making an ascending triangle which is a bullish biased pattern. Interestingly, it has a breakout and retest is in its completion phase. Also, there seems an inverse head and shoulders...
The W pattern is a graph formation with the shape of the Latin letter W. It occurs after a sustainable long-term downtrend and has twin bottoms with equal or higher lows. W pattern is also called Double Bottom which is a reversal pattern. ADA is making W. In the chart above, I have attached the chart in which ADA is making W pattern. Price targets for this W...
EOS is refuelling and is all set for another flight. Previously, it has successfully demonstrated Expanding Falling Wedge patterns and was successful in reaching the price targets. Here is our very own ascending triangle forming which is a super bullish pattern. #EOSUSDT 7.06 entry Take Profit 1: 7.6 Take Profit 2: 8 Take Profit 3: 8.7 Stop Loss 6 #SyedMuneebAli