BTCUSD (BITCOIN) HOURLY SETUP FOR SELL IN SHORT TERM SWING TARGET
as hourly candle price behavior is sell on rise so best short can be near 27685
stop loss 28004
and for the target 26700
The past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K.
On the Fibonacci retracement table, the 0.5 FIB...
So as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we...
i have been looking for a reversal. Bitcoin has not slowed down after analyzing i found a few interesting points to consider.
1.three or more fib price relationships
2.pending weekly candle closure
3.supply and demand
4.four day r.s.i overbought
5.mitigation
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...
Recent analysis of the bitcoin market reveals that the cryptocurrency is currently forming a Wyckoff Accumulation pattern, as indicated by schematic 4. This is a bullish signal for the market, indicating that accumulation of the asset is taking place before a potential upward price movement.
BTC had a stellar start in 2023 as it broke above the crucial psychological mark of $20K. The YTD gain is now almost 25% while the weekly gain is around 20%.
On the chart, Bitcoin broke above the 0.5 FIB level, entering the resistance zone present between 0.5 FIB level to 0.618 FIB level. The key level to watch out for is $21K and sustainability above it. If the...
A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
Since the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end.
It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also...
