BTCUSD has been known to give 2 levels to the downside and 3 levels to the upside and we have already got 2 levels to the downside which tells we are going into mark up phase remember we have already completed level 1 and we could get a retrace to 4 hours 50 ema if market makers want to shake out some retail traders, we can easily breach 60k if we get 3 rises to...
BTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,57 7 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively.
Currently, BTCUSD is...
BTCUSD made All Time High 73805 on 14th March 2024
post that made low till now is 49112 on 5th Aug 2024
corrected nearly for 5 months.
Elliott Wave Analysis :
BTCUSD in Triple correction namely w-x-y-x-z
of which last leg is in progress... till now low made 49112.
Expecting wave z to form Triangle Pattern.
Indicator :
MACD given Positive Diversion and...
BTCUSD has has enough of sell side liquidity. TIME for BTC to perform and first target of $30K, if we sustain that we can possibly hit $37-39k by OCTOBER, MID NOVEMBER.
The move will start this week after September 20.
BTCUSDT has already broken two major Resistances on the 4H and 1D . After 4 rejections at the Resistance on the 4H finally it broke above it and has been going up since then. The candles pattern also is showing a pure uptrend for the last 6 days on the Daily time frame .
On the 4H time frame the price has formed a Triangle. We might have a shallow Pullback...
BTCUSD has broken out of the contracting wedge pattern identified in the last idea (linked below) backed by a good surge in volume
Given the momentum here, breakout target of $25,300 could be secured in just a few sessions.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong...
BTCUSD may retrace & reverse on 2Hrs DZ. Its a deeper entry in Daily DZ.
Can plan entry on daily time frame.
Don't know what happen but still I would like to share my view.
