First of all, pay attention to the timeframe | itโs the 12-hour chart, which is a relatively large timeframe.
It seems that a bearish structure has completed, which was a diametric pattern. This structure was for wave B. After the completion of this pattern, we expect a wave C of the same degree as waves A and B to form.
Be cautious with your buy/long positions, especially in altcoins, since after a short period of confirming the completion of the bearish pattern, the candles might move sharply to the upside.
If the candles can hold and consolidate above the flip zone, this growth will continue.
Letโs wait and see what happens.
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BehDark (EN)
According to the previous analysis, Bitcoin had a significant drop. After the drop, it reached a support zone. It is now approaching a supply area, where we expect a rejection and the continuation of the bearish trend.
On the chart, an important trendline has been broken, and we also have a bearish CH.
Letโs wait and see how the reaction to the red zone will unfold.
A daily candle close above the invalidation level would nullify this analysis.
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BehDark (EN)
After hitting the green support zone, the market was defended and turned red. We have been warning about this correction for a long time.
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After hitting the green zone, it pumped more than 65% and target 1 was reached.
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It seems the price is not yet ready for a strong rejection to the downside, and buyers still hold strength. It is expected that, with the interaction or liquidity hunt that previously triggered a strong upward move, we may see another bullish wave. This move would both reinforce a bullish sentiment in the market and allow major playersโ orders to be filled.
For a rejection to occur, it will either happen from the premium zone of the previous wave, or a new all-time high might form.
Letโs see how the market reacts to the highlighted red zone
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It seems that Bitcoinโs correction is not yet complete. After a slight upward retracement, the price is expected to drop again and move toward lower levels.
The bearish structure is still well intact.
For now, itโs better to track Bitcoin step by step while also paying attention to nearby support zones.
The expected path for Bitcoinโs next move has been outlined on the chart.
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It seems that the price is currently completing wave g of B. After this wave is completed, we can expect an upward move. The best area for wave g to complete is around the green lines marked on the chart, which represent our entry zones.
Please note that due to the high volatility of this coin, this setup is suitable for the spot market only, not futures
The targets are marked on the chart. A daily candle close below the invalidation level will invalidate this analysis.
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On the chart, it seems that wave C has completed and the price has entered wave D. Within the green support zone, wave D may still be incomplete, and the price could enter a corrective phase of wave D, which in this case means an upward move.
The targets are marked on the chart. A daily candle close below the invalidation level will invalidate this analysis.
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Forwarded from BehDark (VIP)
๐ข Buy/Long Signal #LEVERUSDT
Entry range: 0.0001391 _ 0.0001302
Targets: 0.0001560 _ 0.0001734
Stop: 0.0001216
Levrage: 2X
Balance: 6% of capital
Entry range: 0.0001391 _ 0.0001302
Targets: 0.0001560 _ 0.0001734
Stop: 0.0001216
Levrage: 2X
Balance: 6% of capital
Forwarded from BehDark (VIP)
BehDark (VIP)
๐ข Buy/Long Signal #LEVERUSDT Entry range: 0.0001391 _ 0.0001302 Targets: 0.0001560 _ 0.0001734 Stop: 0.0001216 Levrage: 2X Balance: 6% of capital
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BehDark (VIP)
๐ข Buy/Long Signal #LEVERUSDT Entry range: 0.0001391 _ 0.0001302 Targets: 0.0001560 _ 0.0001734 Stop: 0.0001216 Levrage: 2X Balance: 6% of capital
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Based on the signals we see on the chart, it seems that NIL has entered another bearish wave.
According to the chart, this symbol appears to be within a diametric pattern and has just entered wave E, which itself is a bearish wave.
If the price makes a pullback to the red zone, it would present a good opportunity for sell/short positions.
This outlook would only be invalidated if a daily candle closes above the invalidation level.
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BehDark (EN)
Ultimately, this move started from the green zone, and the price pumped more than 74%
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Considering the lack of price penetration and the formation of higher highs at the first supply zone, Ethereum may have already started its drop without a recovery and could move from the current area toward the $3,700โ$3,500 range. So stay alert and manage your risk carefully.
There is still a slight chance of a price rebound to the upside.
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BehDark (EN)
The supply had a slight fakeout, but the previous outlook still holds. Unlike everyone who is targeting $130K for Bitcoin, we still believe Bitcoin is bearish. Letโs see what happens.
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๐ข Spot Buy Signal #ADAUSDT
Entry range: 0.7542 _ 0.6812
Targets: 1.2000
Stop: 0.6037
Balance: 6% of capital
Entry range: 0.7542 _ 0.6812
Targets: 1.2000
Stop: 0.6037
Balance: 6% of capital
BehDark (EN)
As you know, capital first flows into Bitcoin, then into Ethereum, and afterward into other altcoins. This index serves as a good indicator to understand when altcoins, apart from Ethereum, will turn bullish.
It seems that one more corrective wave remains in this index, which could complete within one of the green zones. After that, we expect to see another bullish wave.
The targets are marked on the chart.
A daily candle close below the invalidation level will nullify this analysis.
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