#BTC goes with the 2nd scenario, tries to push from the structural level but dropped back to wards the major support zone. Now, price is anticipated to push higher and move back to up the structural resistance zone and major resistance zone too around $45,000.
By Crypto Australia
#BTC.D did gave a close above of the zone, and #BTC also sitting on the crucial level of $42,000. In case, index start pushing from here and #BTC remains the same, then bleeding in alts may start again. Currently, there's an open room for the movement after the retest, so better prepare for it.
By Crypto Australia
#BTC gave a daily closing above the Major Resistance Level but its a shallow one. Price did able to sustain above the zone and now looks like a retest is going on back to the level. Now, price has the open room for next resistance up at $44,000 - $45,000, where $43,200 will act as an strcutural resistance.
By Crypto Australia
#BTC experienced a breakout from the narrow trading range but faced rejection at the $42,000 resistance zone. If the price fails to surpass this level, a retracement back to the $40,000 zone is likely. It's advisable to set stop losses in all open positions to manage risk effectively.
By Crypto Australia
#BTC doesn't made a move al all and price did moved aggressively as predicated as breakout was not healthy. Price made a small range after the tiny break and on daily TF, look like price trying having a pullback back inside the major resistance. Need to see a strong breakout either side.
By Crypto Australia
#BTC.D did made a reversal as anticipated, as alts kept pushing lower while #BTC trying to recover. Index made a breakout after the consolidation and retesting the zone as resistance at 51.8%. Well, again we're a critical point, if Index give a close above then we can expect a push to the upside, and alts will push lower and a rejection will lead in short-term rally in alts.
By Crypto Australia
#BTC broke out of the downtrend channel pattern and did a retest though. Price made a very unhealthy breakout, which doesn't seems reliable at all, and moreover, it should break above the major resistance so we can say structure turning bullish. As of now, it caught up in a range, so wait for a healthy breakout either side.
By Crypto Australia
#BTC created the low around $38,550, nearly reaching the area of support. Still anticipated price to reach either end of the zone (a clean retest or tap in into support). Daily TF, build up a support where, retest are high probable, also price travelling inside the downtrend channel pattern and breakout of that and resistance would be considered as bullish.
By Crypto Australia
#BTC slides below the Major Support Zone now and turned it into the Major Resistance now. Price given a sharp closing below the strongly, expected to reach out the next support zone of $38,000. Before that a retest is expected back tot major level before going any lower. This week, the weekly candle will play an important role for the market.
By Crypto Australia
#BTC made a Weekly Closing bearish and shows sell pressure. Price rejecting the Major Support Zone, which is good but weekly still can play from here. Price above $42,000 will be considered bullish and below $40,000 Bearish, which could lead price to more downfall.
By Crypto Australia
#BTC.D did a retest and dip down as anticipated, and consolidating below it. Index now Expected to reach out the next Strong Area of Support Zone of 50.65% - 50.79%. Overall, market is consoldiation and altcoins too, a Dip down of index and rejection will tighten the market and bleed in alts, so eye of Index and #BTC move.
By Crypto Australia
#BTC didn’t moved alot and making ranges after range in a LTF. Well, right now price forming a Inverse Head & Shoulder Pattern, over the major Support Area and its a strong bullish sigh that potentially market gonna reverse. Eyes on the breakout over the resistance build up with the pattern
By Crypto Australia