we have wider range of price ranges between 5943$ and 6533$ where it exhibit Bearish Channel which brokeup and re-test is done with a formation of Morning Star which signal potential uptrend continuation.
Recovery in progress it required maximum patience, the chart shown possible wave pattern and potential immediate targets.
Better day ahead.
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액티브 트레이드
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Hi
Price shown serious rejection at 6470$ area, which fall back inside the our designed closed range of 6195$ and 6324$.
Good news for now is that still yet price still remain outside of the BEARISH CHANNEL.
If price eventually close back inside this bearish channel we may form total corrective wave to terminate at 78.6% fib retracement level where major wave C of corrective wave will be formed around 6025$.
액티브 트레이드
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MArket is moving as expected. BTC has some resistance at 6525 and 6640 area, when these two level break it will rally up a lot.
액티브 트레이드
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Quick update,
In (30minutes) timeframe a potential rising wedge was identified which is almost at breaking point. We should be aware of this and wait for the breakout. It can go either way.
액티브 트레이드
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Hi guys Can BTC form this pattern? Cup and Handle??
액티브 트레이드
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Patience guys!!!!
액티브 트레이드
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액티브 트레이드
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Hello guys,
BTC recorded great achievement yesterday with closing with full candle and above the previous high.
Yesterday we spotted CUP and Handle formation and again with how BTC closed yesterday we has another pattern in view which is INVERSE HEAD and SHOULDER.
We may see some retracement down before major move will start again.
액티브 트레이드
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Thank you for your support.
액티브 트레이드
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액티브 트레이드
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Hi guys
Quick update
Retracement mode still in progress!!!
I discovered that we just retraced for 38.2% fib level, but I think this level is not matured enough as price may tend to go more down to test major level around 61.8% fib level (6145$) or 78.6% fib level (6025) area before major uptrend will continue.
Well, anything can still happen if price manage to find support at 6330$.
액티브 트레이드
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BTC potential breakout is approaching, In 1hr timeframe price is trading in a closed triangle pattern.
액티브 트레이드
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액티브 트레이드
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Looking good for good move.
Extensive wave count.
액티브 트레이드
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Hi guys,
I hope we are all good so far, BTC has been struggle to keep above the major support and rise one more time at least to re-test 7k zone.
Long term still maintain the recovery process.
On smaller timeframe potential flag and pole which is bullish in nature is forming.
Just as I always say, expect breakout in any of the direction, but TA favour breakup more than the breaking down since its BULLISH flag and pole.
Potential level to watch for Bounce are 6450, 6435 6405 6385
I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.
Thank you for your support.
액티브 트레이드
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I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.
Thank you for your support.
액티브 트레이드
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Our last update was about POLE AND FLAG which failed.
Here is quick update for us
Support Levels to watch for before free fall if there will be any: 6150 6078 6020 5965 5923
Grand Support Must not Break is 5858$
If This break we will has 3rd time attempt test on my FLAG which may probably break it down.
Still doing my extensive analysis guys but before its ready have this to understand what market is upto.
thanks for your support.
액티브 트레이드
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#BTC
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Thank you for your support.
액티브 트레이드
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Finanlly 6600 Level was successfully broken
액티브 트레이드
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Hi guys,
potential retracement of price may occur, either to re-test any of the following level before we have next leg up. 6636 6595 6495
Next Target upside are 7400, 7800, 8200, 8400, 8800.
액티브 트레이드
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Hi
Price is back on the support zone now either for re-test or to break it down, our expectation is that there will be a re-test and bounce.
Support level remain 6636 6595 6495
액티브 트레이드
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액티브 트레이드
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Immediate support from our chart bounced price up back into the wedge.
액티브 트레이드
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액티브 트레이드
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Hi guys
BTC has been struggling to keep the momentum up with all indication targeting at 7000/7100 level.
The following levels are crucial for the above target level to be valid, price need to bounce off or keep above them:
6650 6595 6505
액티브 트레이드
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Hi guys
Quick update, good bounce off 6590 zone as expected but still I will regard this zone as no trade zone.
BTC need to breakout from that triangle before we can be sure of its next move.Any close above 6800$ will confirm good buy opportunity to at least 7100$.
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@Xblade66, why will we go so high before dropping?
elyasrz
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i love your technical analysis
abinitio
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weslad
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@abinitio, thanks for sharing but Head and shoulder forming now will be invalid.
abinitio
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@weslad, I'll be sure of that after 24th August. So far the bottom lines that I drew, are being followed. Hopefully bull run.
weslad
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@abinitio, do we have an expectation on August 24th bro? please explain more
abinitio
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@weslad, This is an interim period, ETF is still some time away, so, by that time if it reaches anywhere between 7500 to 7800, people will tend to take profits. This could result in another slump. If you play my analysis, you can see that the line I drew is the bottom line for trading in the last week, I expect it to continue for 2 more weeks.
abinitio
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@weslad, bro, I personally don't think 7500 is a reality before 24th, if it does break, it may be only for a couple of hours before another slump. People who got in at 5800, would be taking profits in bitmex.