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.
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 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…..!!!!
The world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns.
On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance...
COIN NAME: JASMY
PAIR-USDT
EXCHANGE : ANY
STRENGTH:
It is At Demand Zone
Strong Fundamentals
Good Mark Cap
Buy: 0.0240 to 0.0260
T1- 0.0352
T2- 0.0450
T3- 0.0545
T4- 0.0636
SL - 0.0230 or HOLD
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. Keep SL if you don't want to hold but not required for the Spot...
$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
Wyckoff Accumulation Schematics 2 in process
Let me be clear that Bitcoin is traded in 3 major exchanges and other minor exchanges over 100.. So volumes might be a little different in this pattern though they are close to the schematic rules
Do not take or enter a trade untill the pattern is broken like shown in the Chart
If the Accumulation pattern fails...
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....
