Symmetrical triangle pattern formation on BTCUSD on a 15min timeframe ! Target should be around 43400$ !
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I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
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After 4 weeks of continuous sideways trend, BTC plummeted by ~11.50% in the last 7 days alone, thus the largest weekly decline of 2022. It formed a big bearish candle on the Weekly TF and closed below its 50-WEMA, this depicts a decisive breakdown below major support. At the time of writing, BTC is trading slightly above $41,500.
On the Daily TF, BTC is on the...
I have mentioned the range in which btc is moving. This range has to be broken for btc to show any clear movement. Lower range broken we can see 37k-39k and staying above 53k will be good indication for new ATH if the volume is supported.
After the last weekly gains, BTC again witnessed a bearish movement and closed the week with a 6.90% decline. It continues to consolidate in the range of $45,000 to $51,000 for the 4th straight week, which suggests that the tussle between bears and bulls is still going on and there is no definite trend. At the time of writing, BTC is trading slightly above...
After consolidating in the range of $46,000 to $50,000 from the last 15-20 days, BTC closed the last week on a positive note with ~8.81% gains. Other crypto assets also witnessed a positive week as the combined crypto market increased from $2.10 Tr to close the week at $2.395 Tr. BTC formed a strong weekly candle which slightly depicts further movement to the...
Bears continue to dominate the crypto markets as well as the traditional equity markets due to the news flowing in about the Omnicon Virus outbreak in many parts of the world. The combined Crypto M.cap declined by more than 4% last week whereas BTC prices took a dip of 6.79% in the same period. At the time of writing, BTC is slightly trading below the level of...
$BTC update. Rising wedge on weekly tf.
major concern rn is $40-$42K levels for Bitcoin. it should hold these levels to make another last bull run. from pattern it seems the long bear market will happen after the final legup of btc from 40-42K. around 70-75K will act as heavy resistance in future too. Green path is expected price movements in future.
lets hope...
BTC is trading near the trendline support and Available at almost 30% discount from it's all time high. Fall may continue till 39000 USDT Long term investors can start accumulating small quantities right away. swing traders my start buying once the rising starts
After making a new ATH of $69,000 in the previous week, BTC witnessed a massive profit booking last week which caused BTC to close ~15% lower from its ATH level. It formed a big bearish candlestick on the weekly TF with a more than a 10% decline to close the week at $58,671. At the time of writing, BTC is trading slightly above $57,200.
As per the Elliott Wave...
This analysis is related to the uptrend and downtrend lines of Bitcoin. Whenever a trend line or channel is broken, the chart moves in the same direction.
So watch out for trend lines and channels.
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This analysis is related to the downward and upward trend line of Bitcoin. It should be noted that the failure of each trend line continues to move the chart in the same direction.
So watch out for trend lines.
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