TradingZzone
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TradingZzone
BTC has reached the upper trendline of the rising channel, a breakout of the upper trendline can take the price to a new ATH. Otherwise, it is likely that the price will be rejected at this point and back to the lower trend line and even break out from there. - Overall, the trend is still bullish in the long term (see the big rising channel) - RSI is in overbought territory - All the possible targets in the chart Please like and follow to get more ideas like this 🔥So far BTC has followed my chart perfectly as expected...watching $47k ...seems like $200k is a reasonable target
TradingZzone
Seems like a bear flag formation in the weekly TF. Potential Target and Resistance on ChartSo far BTC has followed my chart perfectly as expected...watching $47k ...
TradingZzone
TradingZzone
First target could be $15k then $12.4k if the trend line support get broken then the next target could be $8700 This might be a good news for people who were waiting for the CME gap to get filled at 9.6k since Sep 2020 Lol ..
TradingZzone
As you can see in my chart Bitcoin is forming a Bearish downtrend Rising Wedge in Daily TF. Success rate of this pattern is 65%-70% and target is $19.2k At this point, Bitcoin tackles a resistances at $25k-25.5k level, SMA-100 and Ichimoku Cloud...Target reached very precisely💰
TradingZzone
As you can see in my chart, Bitcoin still moving in a bear flag. I don't think Bitcoin is ready for a new Bull Run... not gonna happen so fast imo. Anyway if you want to know the next step of Bitcoin you should follow SPY and QQQ because they lead the Bitcoin and the entire crypto market for now.Monthly and Weekly candle will close today so I expect some manipulation pump (Bull Trap) as happened last month.That Bull trap could hit 28k then we might see a new dip to 112K~ which is high demand and support zone.
TradingZzone
Looks like Bitcoin forming a fresh bear flag.Max long target of this bear flag is 23k. Then i expect a new dump to 13k which is a strong support.
TradingZzone
Will Bitcoin Monthly Candle Close The First Time Below The MA-50?Bitcoin monthly candle will close today and it should close above the MA-50 to give a sign of reversal (right now price is 2k below MA-50)Also notice that fib level 0.786 act as support in the monthly TF
TradingZzone
Bitcoin price is about to exit the bearish zone of the Ichimoku cloud (red cloud) and to close above the Leading Span B line which indicates to a bullish movement in the coming days.I expect first a test for the 23k resistance then pullback to the ichimoku cloud Leading Span B line which will act as a support.23k is not a tough resistance and most likely it will be broken very easy. Then Bitcoin will tackle a very strong resistance zone at 29k which is the Leading Span A of the ichimoku cloud on the Daily TF.
TradingZzone
Looks like Bitcoin is forming a Bullish inverse head and shoulder in 4h TF.. target of this H&S should be 24-25k
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.