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BTC/USD SHORT!!!!!Buyer's are shorting their posiitons. The price is bound to come to 50% level.
Some buyers are their. be careful.
however, if in our favor, this going way down!
BTC/USD Technical analysisBitcoin broke out if its range bound movement and made a steep rally to the value of $5400.
But the momentum declined in the past few sessions and it formed a rising wedge pattern.
It broke the pattern with a strong momentum candle.
Hence, we expect a corrective rally in the counter and the price to move to the support values of 4693.02 and 4463.69.
Btc/usd - D1 - LongSupport in the 20 and 100-day- moving averages and the 61% level of the Fibonacci, demonstrating so the beginning of the wave 3 (Elliott Waves) in the daily timeframe. The trend- Based Fib Extension show to us the $5.166,00 price level as our exit target, coinciding with the 200-day-moving average.
BTC/USD(COINBASE)As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
Bullish Case:
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see the <$3000 level in the coming weeks.
Bearish Case:
It has tested the $3500 price level recently and bounced to $3670 level due to the news from the Russia investing into Bitcoin.
The bounce(surge) looks weak(less buying volume) and we might see <$3000 level in the coming days/weeks if the $3200 support level is broken.
Note:It can also range between $3200-$4200 level for few days before making significant move up or down.
btc usdSame channel Repeating now as i said in my last post bitcoin fallen near to 6000 support testing also high chance of bounce again 6300 6600 6800
waiting for confirmation in TA
Bitcoin promising rise with 2 patterns at same time. TP-$17100Btc/usd on daily and 4 hours chart is showing promising signs of rise upto $17000. Hodling time is estimated to be 1-2 months.
You can clearly see the wolf wave completed and on-going, whereas inverse head $ shoulder is waiting for breakout, and not both these pattern have common target point.
CP-$10654
SL-$9394
TP-$17100
For more info, read the article given in link provided below:
btcmanager.com
check graph for more info.
Follow me guys, so I will update more frequently with greater analysis.
Disclaimer: My views are not written on stone and can be sometimes wrong, since no one is 100% sure in stock market. Consult your financial advisor before making trading decisions.
