Bitcoin/USD may have completed its cycle of one wave
up and one wave down.
Now the time for reversal anytime soon.
We can wait till the .786 is reached as we already have
completed the .618 level and are below that level.
Good investment opportunity may knock your door.
Regards
Bitcoin ranging for some days creating too much liquidity in the market...so i spotted the last ssl on h1 refine my entry order block on m15 using the fibo took the 50% of the order....
bitcoin making inverse head and shoulder near support on lower time frame. keep in watchlist for neckline breakout.
inverse head and shoulder
entry : above neckline
sl : shoulder low
target 1: height of shoulder
target 2 height of neckline to head
Bitcoin price shows signs of a strong rebound as it hovers around the $40,000 level
Analysis based on the weekly chart BTC/USD
do your own analysis first then execute the idea.
Bitcoin broke a channel and is falling towards supports. Reversal is expected from supports marked in green. Additionally, the blue trendline will offer good support. 40200 and 39700 will act as supports. If they break, a strong support is at 38500 which, if broken, will lead to significant fall.
Bitcoin is getting a nice bounce of the demand zone of $39.7-38k levels. We could be having a retracement upto $42.1k - 43.2k levels. If #btc fails to break this level we could see another nose dive down to $38k
Bitcoin over the last week has formed lower lows and lower highs
Broken the strong support at 45 k
Now next level of support is at 39566 levels. Long good buy at these levels
bitcoin breakout suggest bearish in crypto markets...so if it recover by the end of weekend . its fine or else we can predict bearishness through out the next week
