Technical Analysis Reveals Bitcoin's Multi Time Frame Analysis Points to Strong Bullish Rally
Bitcoin's Weekly Time Frame Analysis Reveals Inverted Head and Shoulder Pattern
Bitcoin (BTC) traders and analysts are buzzing with excitement as a comprehensive multi time frame analysis reveals a strong bullish trend for the leading cryptocurrency. By examining...
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...
#BTC has currently trading at the red box resistance after a perfect bounce back from the yellow box support area.Since btc has the resistance level and we have bearish RSI on 4H TF ,therefore be careful with your trades as there could be rejection from the current resistance is possible until btc closes above the red box resistance area .
#BTC has perfectly bounced back from the yellow box support and is looking to test the red box resistance area again,if btc manages to close above the red box area then the pink box will be the next resistance for btc.Note that btc dump is still not over,in case btc loses the yelow box support area we will see dump again.
#BTC is now trading above the daily support after closing below the green box support area.The move not complete yet and btc might again test or close below the the green box support area and if btrc close below to the green box area we might see huge dump but for that move we have to wait fior the daily close.
#BTC is currently trading at the very bottom of the huge support level that is the purple box area and break below and close below this level could be huge for btc and the alts.Expecting huge swing moves below and on the current support level.Be careful with alts trades in btc and alts as well.
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box...
The daily TM analysis, my next target for this dumb is 12k, unless FED continue to pivot, and you should note with the falling trendline resistance which the break above could change the game to bullish run.
There is a Trading Signal to Buy in BTCUSDT Bitcoin.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 15924.00
⭕️SL @ 15663.00
🔵TP1 @ 16566.00
🔵TP2 @ 17000.00
🔵TP3 @ 18000.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked...