My analysis of bitcoin is for the long term. Of course, it requires a condition, and that is the formation of 5-7 candles per day above the level of 70000$. I will tell you more about my reasons for this chart later. I emphasize again that the initial condition is the formation of 5-7 candles daily above 70000$.
Hi everyone. As you can see in the chart, we have a downtrend line in the 4-hour timeframe that has been hit 4 times and the price has been rejected. The bitcoin support floor is in the 4-hour time frame of 32500 to 32000, which has five collisions and shows that this level has weakened. If the price goes up and is rejected again, the expectation of breaking the...
Hi guys. As I said in the previous analysis, the BTC trend is falling as long as it is below the daily downtrend line. In the 4-hour time frame, we had an uptrend line that broke and after a full pullback to this line, the downward phase intensified again. In my opinion, bitcoin can still reach the level of 26 thousand dollars and then reach its monthly support...
Hi guys. Inside the daily time frame, we have a downtrend line that we hit three times, and I don't think we have enough power to break this downtrend line right now. The range of $ 30,000 has been penetrated 5 times before, which shows that this level of power has gradually lost. In my opinion, the general trend is declining, and I think we will see the level of...
There are three possible scenarios for Bitcoin : 1. Break the trend ceiling and climb to 72 2. More compression inside the triangle in the next few days and then breaking the trend ceiling and reaching 72 3. Loss of support level 42 and exit the daily channel, pullback on it and then drop bitcoin I think mode 1 is the most probable and soon the ceiling will be...