hey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one. i've seen this tricky pattern a lot of time in bitcoin...
hey guys Bitcoin continues to drop and from charts looks like wave A is forming an ending diagonal formation, which appears in normal zigzag correction, from current position it looks that we're now in wave 5 which could end up around 6900, which i've clearly mentioned in my previous XBTUSD analysis although if we get an extended wave 5 than we could go even...
hey guys as expected we see a heavy sell off after breaking the 8100 level and close below it, i've said earlier that 8100 was a key level and if we close daily candle below it than we could see a heavy dump in prices and as you see we saw a heavy sell off upto 7500 now from the charts wave b has retraced upto 78.6% of wave a and now wave c could extend upto...
I THINK BITCOIN CAN TOUCH 9000 USD,GO UP. IF NOT OR GO DOWN THAN TOUCH 8300.
The price is in the Liquidation price zone for weeks. We have seen the same structure for bitcoin back in 2012 where it came back to 0.618 fib before it started a bull run. Same could happen this time. Before the bull run, BTC will see its low at 0.618( 5200) then back to 10000 . By November the price will project to 16000. By February 27000 the same will happen...
hello guys, from the charts most likely Bitcoin has now entered in ABC correction wave, in which wave A usually made of 5 waves and most likely we're now heading towards much deeper correction of wave 3 which could bring us to 6200 level, but at present situation we're in a leading diagonal formation, so from here we could see a drop towards 7400, and then a false...
finally we broke the 6000 barrier, now things get critical from here, as i said before 6000-6450 is the major resistance zone we need to break and hold for the next major bull market, usually prices falls back and retests the support levels, which in this case are around 4200 and 3200. fun fact is that despite of having negative divergence as shown by RSI bulls...
currently we are moving in wave 5 forming Ending diagonal formation, its better not to short from current level, we're looking for short opportunity when prices will break 5750 and 5600 levels respectively, targets are 4800 and 4200, go with low leaverage
This is a trend line that btc has been respecting for a while now on 1D, 4H and 1H TFs.
This is the trendline that btc has been respecting since it started the uptrend .
btc looking into very critical most probability it will dump soon then bounce back to up trend