BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the . Very quickly, the price of BTC tested the critical range of $22, In the period from 17 to 19 December, buyers fixed the price above this range. Only after a firm consolidation did the price renew its historical high. Given the importance of this range, we are considering 2 BTC . Looking at the daily chart for PAY/BTC, we can see a massive falling wedge coming to completion. Using the wedge height to determine the target price, you can see we have a massive target ahead of us. .
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It's not a bad idea to have another window up with the 3h, 6h and 12h time frames as well. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!!
Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support..
Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0. Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here.
Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. Conditions for change If prices move and close below 0. Ready to break Trend: bullish. Using the wedge height to determine the target price, you can see we have a massive target ahead of us. Remember that this is a long-term target that I imagine will take us into next year, so do not expect us to hit this overnight.
But it is a huge target nonetheless Falling wedge pattern. SL below falling wedge support Target slightly less than height of pattern blue arrows where it meets heavy resistance.
Long, long Looking at PAYBTC's 4-hour chart, the price action has been in a falling wedge technical pattern for over a year and it is nearing completion. The price has formed a nice rounded bottom and broke above two resistance lines. Huge divergence can be seen on the MACD. If we break this pink overhead resistance trend, I think we're off to the races and could be in line PAY is holding bottom trend line.