Bitcoin Recovery in Progress!!!

we have wider range of price ranges between 5943$ and 6533$ where it exhibit Bearish Channel which brokeup and re-test is done with a formation of Morning Star which signal potential uptrend continuation.

Recovery in progress it required maximum patience, the chart shown possible wave pattern and potential immediate targets.

Better day ahead.

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Hi

Price shown serious rejection at 6470$ area, which fall back inside the our designed closed range of 6195$ and 6324$.

Good news for now is that still yet price still remain outside of the BEARISH CHANNEL.

If price eventually close back inside this bearish channel we may form total corrective wave to terminate at 78.6% fib retracement level where major wave C of corrective wave will be formed around 6025$.

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MArket is moving as expected. BTC has some resistance at 6525 and 6640 area, when these two level break it will rally up a lot.

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Quick update,

In (30minutes) timeframe a potential rising wedge was identified which is almost at breaking point. We should be aware of this and wait for the breakout. It can go either way.

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Hi guys
Can BTC form this pattern? Cup and Handle??

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Patience guys!!!!

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Hello guys,

BTC recorded great achievement yesterday with closing with full candle and above the previous high.

Yesterday we spotted CUP and Handle formation and again with how BTC closed yesterday we has another pattern in view which is INVERSE HEAD and SHOULDER.


We may see some retracement down before major move will start again.

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Hi guys

Quick update

Retracement mode still in progress!!!

I discovered that we just retraced for 38.2% fib level, but I think this level is not matured enough as price may tend to go more down to test major level around 61.8% fib level (6145$) or 78.6% fib level (6025) area before major uptrend will continue.

Well, anything can still happen if price manage to find support at 6330$.

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BTC potential breakout is approaching, In 1hr timeframe price is trading in a closed triangle pattern.

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Looking good for good move.

Extensive wave count.

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Hi guys,

I hope we are all good so far, BTC has been struggle to keep above the major support and rise one more time at least to re-test 7k zone.

Long term still maintain the recovery process.

On smaller timeframe potential flag and pole which is bullish in nature is forming.

Just as I always say, expect breakout in any of the direction, but TA favour breakup more than the breaking down since its BULLISH flag and pole.

Potential level to watch for Bounce are
6450,
6435
6405
6385

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I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

Thank you for your support.

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Our last update was about POLE AND FLAG which failed.

Here is quick update for us

Support Levels to watch for before free fall if there will be any:
6150
6078
6020
5965
5923

Grand Support Must not Break is 5858$

If This break we will has 3rd time attempt test on my FLAG which may probably break it down.

Still doing my extensive analysis guys but before its ready have this to understand what market is upto.

thanks for your support.

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#BTC

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Finanlly 6600 Level was successfully broken

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Hi guys,

potential retracement of price may occur, either to re-test any of the following level before we have next leg up.
6636
6595
6495

Next Target upside are
7400,
7800,
8200,
8400,
8800.

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Hi

Price is back on the support zone now either for re-test or to break it down, our expectation is that there will be a re-test and bounce.

Support level remain
6636
6595
6495

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Immediate support from our chart bounced price up back into the wedge.

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Hi guys

BTC has been struggling to keep the momentum up with all indication targeting at 7000/7100 level.

The following levels are crucial for the above target level to be valid, price need to bounce off or keep above them:

6650
6595
6505

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Hi guys

Quick update, good bounce off 6590 zone as expected but still I will regard this zone as no trade zone.

BTC need to breakout from that triangle before we can be sure of its next move.Any close above 6800$ will confirm good buy opportunity to at least 7100$.

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