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Bitcoin's recent movement aligns with the projected rebouncing zone that I had been closely monitoring. With anticipation, I patiently observed its progress, strategically positioning myself for the awaited opportunity. Presently, the range of $24K-$25K emerges as the most promising region for a potential bounce, underscoring the importance of calculated analysis and patient strategy.
The recent decline can be attributed to the bearish divergence identified on the RSI indicator, which had been established approximately a month ago.
#BTC-USDT #Bitcoin
This is an updated chart of our main btc analysis with some extra comments on the chart
We are up 100% since then
Currently consolidating b/w weekly S/R levels as highlighted on the chart
HTF still maintaining it's bullish structure
#BTC-USDT
Bitcoin facing major resistance level since last few weeks
I will share some detailed information today
Eid ul Azha is a celebration of faith, family, and community. May it strengthen the bonds of love and bring people closer together.
Eid ul Azha Mubarak
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#BTC-USDT
Updating my previous chart with few more tags
Reading and understanding the chart comments and keeping an eye on the chart for future reference should be the priority
I do not update my main analysis unless I saw any new scenario that needs to be updated
#BTC-USDT
Still following the plan shared few days back.
Lot more to do to gain bullish momentum and cross above $30K level
Almost reached $25K level (the neckline of iHnS pattern)
#BTC-USDT
This long wicked daily candle closed above support level should not be ignored
#BTC-USDT
Reached diagonal support where there is a confluence of horizantal support as well.
Three possible scenarios as of now
IMO, the blue one is most likely to happen but keep in mind the other two as well if BTC do any adventure
#BTC-USDT
Reached diagonal resistance level yesterday۔
Today's candle will be a decisive one۔
Let's hope for good
#BTC-USDT
Looks like forming a symmetrical triangle which generally break out in upward direction in most cases.
Moreover, it's testing the patience of the people and kicking out the impatient ones before making a run.
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