This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
The idea is based on the Elliott Wave Theory. It suggests that the correction cycle may be over and the next bullish cycle could begin from here.
BTCUSD is looking for short, expecting TG to reach at 22600$
$BTC #BTC As expected $23,479 support came in effect, 1D failed to follow up bullish engulfing closing bearish. $23,479 testing as of now, needs to hold above $23K to retest $24,129. Continue watching given S/R.
$BTC #BTC Failed to follow thru on bullish engulfing from Sunday, put bearish engulfing on last 1D close, $22,750 support tested and currently in effect. Current support at risk, next support to watch $22,379, $21,791. Continue watching S/R
Bitcoin gave a Biggest Range Breakout but sudden fallback also..,,so is this False Breakout or small retrecemnt and after this, Can we see a Big UP Rally???? KEEP AN EYE ON IT…..!!!!
Bitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%. On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level. Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum....
#BTC UPDATE Convered Last High Liquidity. Planning to kiss previous Support.
Bitcoin Expected Move - BTC Creating Rising Wedge & This Should Be End 3rd Wave of Sub Wave A
Can we have some shoutout for BTC ?? Bitcoin to rocket ??
Bitcoin BTC shrinks the triangular trend line. Bitcoin has not yet broken through the downward red trend line. It is resistance in the short term. Under normal circumstances, it will fall back to the lower blue line or green line. Even if it breaks through the upper red and pink trend line later, it will step back on this line The two lines, seen below the lower...
Bitcoin is holding range of 23400-22400 a breakout is necessary for a big move from previous trend investors are expecting some big move in bitcoin upside direction so traders can play in a range by buying at whenever btc touches or support price. DICLAIMER: THIS POST IS FOR EDUCATIONAL PURPOSES ONLY THIS IS NOT ANY RECOMENDATIONS TO ANYBODY FOR BUYING OR...
1 or 2 ? Lets not guess. Lets react to the market If guessing is the game i’l go with 1 #fingerscrossed
$BTC #BTC $23,197 continued to resist throughout the weekend. $22,750 support testing with a wick on last 4Hly. $22,750 remains at risk, requires to gain $23,713 support to avoid fakeout and resume climb.
creating a base just below strong resistance .. can be a good buy abv 1.05 and good for investing also
$BTC #BTC Regained $22,750 breaking $23,197 resistance to test $23,713, resulted in fakeout. Currently reattempting at $23,197 resistance. $22,750 support yet to be tested.
$BTC #BTC $22,379 support tested and held, $22,750 initial resistance. Avoided following thru bearish engulfing on lat 4H close, put bearish engulfing on 1D close. Crucial to regain $22,750 support, current support at $22,379 remains at risk.
SELL: 382 to 373 TARGET : 320 Reason For Selling This Script : In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 320 in monthly time frame and then try sell. Waiting for neckline breakout. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some...