Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.
Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.
Bitcoin has been in a narrow converging range after the big rally faded.
Its been making lower highs but the 5900 support tends to hold everytime.
So will the support give away or will it breakout of the recent highs to begin a new uptrend? We should wait for confirmation...
A confirmation will be a consecutive 2 week closing above the both trend lines
Bitcoin broke below its narrowing range and trading well below its support.
A close below 5800 on weekly charts may take the price to next support which is at 4850 and 3200.
Caution if you know any crypto bulls.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 23.
After the final finish on May 20th, this is a...
EXPLANATION : This is a weekly chart of BITCOIN . The Bitcoin gave a solid breakout from its accumulation phase and coming to retest the same . The next supply zone is its all time high near $64,000 .
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 22.
Bitcoin 4 hour chart.
Today's approximate top...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 20.
Bitcoin 4 hour chart.
Today's approximate Top...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 8.
This is the Nasdaq 30-minute chart.
I think the...
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It’s BitcoinGuide.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 20.
After working hard, I have reached 13,000...
