After confirming failure and confirmation with pullback You can open short position
Still in a downward trend Double top And now in the Trading Range area If the bottom of TR is broken, we can expect a drop below the price of 56k (LL). My personal advice is not to open a position until the price is out of this range
Do you remember 'Something worries me about Bitcoin ' I was upload on TradingView ? now here we go ! key lvl based on Fibo
Double bottom? I would like to see the price go up, but I still feel that the market needs to drop more In any case, if the price can break the level of 72 K, there is hope for a bullish market And I also forgot to mention that the price is based on the dynamic support of EMA 50, but it should be noted that this EMA tends to become flat, which is not a very good sign.
The price cannot go up But the range of 60k can be a good point to buy, but you should not expect a strong growth
A good reaction on the trendline and being on Fibo 61 are good signs of growth But be careful! The market trend is not very stable Be satisfied with low profits
Trendline breakout Forming LH and LL If the price reaches the specified area and gives a good reaction, it can be suitable for a sell position
The price could not touch its previous high and also broke the trendline Considering the stronger downward momentum, I consider scenario 2 more reliable
The first thing that worries me about the weekly time frame of Bitcoin is the repetition of the pattern formed in 2021, which had a growth after the resistance and ATH break and then a sharp drop. If there is an appropriate reaction on the drawn surface, this analysis will fail If the drop is confirmed, I consider the range of 50-45 suitable On the other hand,...
The price is forming HL and has broken its downtrend line It also has cloud support price The target is based on Fibo
It seems that the downward trend line has been broken and the price has pulleback to it and is on the EMA50 support
In the four-hour time frame, an upward trend has formed, and the price after correction is at x 50, and it is also leveled at the 0.5 fibo. Flattening of the y-line indicates the return of the price to the top
The price could not cross its weekly level and we expect correction to the specified area The baseline has not accompanied the price and has been flattened (indication of correction). Of course, it is recommended to buy step by step in different areas Targets are based on Fibo
Everything is clear in the chart After exit the pattern , the price can move as much as LEG 1
Price is in a triangle pattern And after leaving the pattern, you can expect growth up to the specified areas
The price has a very strong upward trend And the price is placed on 50EMA and has had a good reaction Mid-term and long-term targets are determined based on fibo The entry point can be in 1-hour or 4-hour time frames
In the daily time frame, the price is well placed on the support of ema55 and it also has cloud support The included targets are based on the weekly time frame
The price is not going to reach the range of 50,000, but if it does, it is very suitable for buying ( R/R 9 ! )