1. The current structure looks very similar to the accumulation structure formed in May-August 2021.
2. The distribution schematic was clear in May, but this time (in November) it was not as clear and seemed like a pullback.
3. Retailers are bearish now since the price broke down below 200MA and a death cross is nearing. This is conventional thinking. Retailers...
btc has been trading within the range of 44285 to 41140
with the pitchfork drawings we can get a breakout trade if, price is closed above 42550
stop loss of 41488 and target of 44768 , risk to reward of 1;2
this could be a positional trade for 5% move it will be depending on either target or stoploss
@TradingView
happy trading ..
BTC prediction for upcoming weeks. According to this analysis BTC is going to touch 33k-34k and make it a a bottom. Once it bottoms out it is going to spend few week consolidating within 33k - 45k and then comes the bull rally to reach 70k
Do you see any pattern similar to the prev crash?
Probably the worst is over.
The fear index is hovering over 10 which is the lowest ever seen in the history of the markets.
Even if we breach the 40k we have an impregnable wall at 30k.
Hope el Salvador and other institutions will come to rescue us if we reach there in an extreme cases.
When price break any well defined boundary below 200 Day Moving average and sustain then high chance price continue the trend . Also made a Head & Shoulder Chart Pattern . Pattern activate when price break the neckline .
In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals).
It's just a pattern, I hope this analysis be right for all who own btc usd.
Tradution withe letters: "When touches white line, time to buy"
Long BTC above 52K If Broke with an engulfing Candle.
Stop Loss below Candle Low . . . I think it will make a new high If momentum sustains..
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BINANCE:BTCUSDT
The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
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Hi everyone
lets discuss BTC/USD scenerio, as you can see in chart we have complete (1),(2) and (3) wave in INTERMEDIATE DEGREE , Currently in (4) wave.
In (4) wave we have complete two legs which point A and Point B wave, If you are familiar with neowave, it consist of atleast 3 corrective wave.
From around this area we are looking for point C which can go...
Bitcoin made a Crash to 42k on Last Saturday(4 Dec) below 48k by breaking 200 EMA Support Zone and pulled back to 48k zone quickly ! This story is known but what will be the next move of Bitcoin after this crash ? Many short term holders made a exit in this crash because of the US Debt Ceiling + Chinese Evergrande fuds and Whales Play of course! But the Diamond...
Hi Folks,
I have used the bull market support band ( Huge fan of Bejamin cowen ) to trace a possible path for BTC which seems to be in an ascending triangle in daily timeframe.
BTC should test the support band once again and if it "holds the line", it will enter into a price discovery mode. If the on chain data and logarithmic regression pans out, it can easily...
Bitcoin. What I use to gauge the crypto currency market in general. I didnt expect this to be back at 48k so fast. The speed of this gets me thinking we’ll see BTC go higher. 53k is the first level of resistance. 40k is the psychological low level of support.
