We are now seeing a retracement on #btc after striking the 50% fib level at price $31125 from last high to swing low on monthly.
The next move is #btc tumbling further to our respective demand zones. We have Identified two possible outcomes A & B.
Option A(Blue): Bitcoin will reach the 50% fib at 22,521 and if the level holds we could see a retracement back to...
We have seen falling trendline breakout and double bottom in bitcoin. MACD also indicating a bullish crossover All this is a indication of bullish reversal from this level. So if anyone wants to go long for some moment can go with current price 28036 and keep a stop loss at 27750 and go for target above 28300/28450/28600+.
Please follow strict stop loss.
If...
We recently closed below the 27500 zone's next support area 26500 zone if the price does not support this area we might see a downside till the 24600 zone.
since the breakout of 25000 we have seen good bullish rally upto 30k+
price seems to make little consolidation and breaking above
30950 and 34500 will be very important level
this levels are likely to trend shift for short term
either it can be side way or pullback giving zone with divergence alert for "do not open new fresh longs"
I have made efforts in explaining the concept in simple terms, as we can see chart explain everything all level is important my view is bearish. this is for only educational purpose
As we can see BTC has formed a hammer candle on a retest zone, We might hit a new higher high. If that happens we can surely lookout for long opportunity on next retest near 30460 or if it forms any bullish retest signal above that which will probably give the targets of 31432 & 32000. Let's see & wee.
Why?
Strong hammer on 78.60% fib.
We already have a breakout...
Bitcoing trading in bullish flag pattern and it is trading in range since 24 hour, very soon breakout can take place,, which can make clear way towards 31k for Bitcoin Darling. Right now it is trading at 30168 start accumulating from current levels to 29900 and keep stop loss at 29675 and we can see targets above 30500/30750/30950+, Price is above 200 EMA, which...
Bitcoin trading at lower support zone, it is just made low and this is gonna to be reverse from here, Very soon we will see a hammer candle over just here. Price and action showing a pull back from this level. So if anyone wants to go long can go from here. Right now it is trading at 30410 and keep a stop loss 30200, Very small stop loss, and go for target above...
publishing herewith followup of my bitcoin idea dtid. 04.04.2023
if anybody is not able to understand these pattern and hv some queries , feel free to write your comments
here price was moving with in a range and a sub range and was in consolidation phase, a breakout and price reached upper level of channel and got resistance there and still in red
Looks like this bullrun is just started. We could touch 32900 range before some correction (-25% retracement) for around 2-3 months with base as 25k range and that will be the best spot buy before a real bullrun starts!
29.8k major to be flipped.
Once done welcome to 34.5k
If gets rejected on weekly at 29.8k Down to 26.4-25k range.
Until then bulls doing the job pretty well since couple of weeks keeping the price higher.
