


Walwel
"After the excitement related to ETF market news subsided, the market has entered a ranging state. Following a fake breakdown, it has returned to the range, and we are buying at the bottom of the channel and selling at the top of the channel until the channel exit and range become clear. We enjoy the battle between buyers and sellers in the meantime. :D
I appreciate the attention and inquiries I have received from dear friends during these bullish days of Bitcoin. I felt it necessary to express my gratitude for the kind consideration. Firstly, I observed a complete correction with five waves (A), ranging from $68,000 to $15,000. The trendline, crucial for the long term, lost during this period, was perfectly...
As mentioned in the previous analysis, Bitcoin continues to face resistance and has not demonstrated the ability to break through it. If a strong daily candle closes above $38,000, a new analysis will be updated.
As mentioned in the previous analysis on the daily chart, the price moved towards support. if it close and stabilizes below the line, a new analysis will be updated.
All of these returns can be viewed in terms of feedback to areas that have previously experienced setbacks. Currently, there is a possibility of encountering setbacks up to 30,000 returns in the region that was broken two years ago in a sharp manner. In the event of failure and maintaining stability in this area, it could potentially move up to 45 to 50 movements...
If we want to have a simple and general view, I believe that if someone hasn't entered the market at lower prices, they shouldn't do it now, and they should wait for a price correction and market reaction to important support levels.
Cardano looks really promising for a low risk buy, but the market is a bit volatile right now, and it`s the end of the week, so we should wait for the weekly candle to close and get a clearer picture of bitcoin`s situation before entering a trade. Before trading, it`s essential to learn not to trade. Be profitable.
2 scenarios for bitcoin on a daily time frame: first, it could drop heavily on strong resistance, and in that case, the possibility of reaching 25000$ is hight. second, it might break through the strong resistance and consolidate above it, in which case the price would move towards 47000$. chart patterns can always be seen in various ways, and these are my...
It continues to complete its retracement path, and after breaking the ascending trend, it has formed lower support levels. If it finds support at the price of $25,000, it may move towards $28,000, otherwise, it could potentially move towards $20,000.
In daily trading, two crucial points should be noted. First, it's important to break down the previous trend sharply, bounce back, and test the support range again. Buying is not recommended in this scenario. On the other hand, those who haven't sold during the bounce-back should wait until the support weakens before taking action to sell.