After breaking the trend line, it got a resistance from 46k level which is also a 38% fib retracement area. If we are breaking 40500 level, we may retest the trend line which is 34500-35000 level. it will be invalid if we get a closing above 47k.
BTC after coming to the level of $32.9K gave an impressive bounce-back to the level of $45.8 K. it is currently trading at the level of $42.1K at the time of writing. As shown in the chart, the macroscopic view of its prices provides us with a range of $31K and $64K respectively. BTC gave a Fake Breakout from the range and could not hold the levels. Slowly and...
COINBASE:BTCUSD Hi Everyone This is an BTC/usd FORECAST, in our last forecast we predicted a 5th wave and than after that an correction will start. We said that correction will come in form of ABC and we currently in last wave. Let see where it finishes. After it and B wave will come. If you want to play correction i will say play one A,C and E wave for good...
COINBASE:BTCUSD Hi Everyone Chart is in correction formation for the time being. Thank you
BTCUSD Logarithmic chart on Monthly time frame. Each Bull and Bear cycle denoted by rectangles. From the last 3 complete cycle, trend is identified and plotted to find the length and high of the current bull cycle. Price estimates may vary greatly as price is in Logarithmically denoted. Cycle length might be more accurate. As per this model, current bull cycle...
Bitcoin after breakout mow it is sustaining above 40k and currently consolidating between 41k to 42k range The consolidation can breakout either upside or downside upto 4.50% away range could be good Day Trade after confirm breakout
BTC has been showing positive strength since January 24th, bulls have been trying to push the market up for the last two weeks. The combined crypto Mcap has increased by more than 15% in these last two weeks. BTC formed a strong positive candle on the weekly TF after the last week’s Hammer candlestick pattern, which was depicting that we can expect a short term...
Resistance 1=42378 Resistance 2=43477 Support = 40436 Execute trade after backtesting of LEVEL 41830
Notice how the prices were falling within channel which indicates that the recent sell off in BTC was not impulsive (start of a crash) but likely a correction. Wave 5 is yet to be completed for Bitcoin in the monthly time frame but wave 5 could be truncated if it falls below the recent low of BTC so place a stoploss below 31k as view gets negated at that level....
on 4H timefram is break trendline. if it maintain retesting level then we can see nice upmove
4 hour trand line Daily trand line Down trand tradline Starting upward trand
BTC Long above 38650. Above 38650, Flag and Pole Pattern breakout in 1 Hr Time Frame.
bitcoin is following pitchfork green carpet, let see what next
After the continuous declines, crypto markets took a breather last week and closed the week with ~1% gains. BTC also bounced back after making a recent low of $32,933 and closed the week with 4.46% gains. At the time of writing, BTC is trading slightly below $37,000. BTC formed a bullish Hammer candlestick pattern on the weekly TF, which depicts that we can...
After crashing almost more than 52% bitcoin can create two scenario either upside or down side if it continues the downside trend line the price can form ABC pattern and get more dip of 30050 if the price breakout from downside trend line the price need to retest and sustain above 40700 for the further upside upto 52450 this analyse is based on daily...
s&p 500 and btc charts looks almost familiar & have very high possibilities of having the same price action but in little fast movement with btc this time.
Crypto markets continue to bleed as the total crypto Mcap plummeted by more than ~20% in the last week alone. Uncertainty in Russia and Ukraine also adding more fuel to this fire. Overall, the global markets are also trading in red from the start of this year and due to high correlation between both the markets, crypto markets plunged more than the Equity...