BTC / USD Chart update
Bulls did great work since starting of 2023
By pumping BTC from 16k to 25k (more then 50% gains)
Now we are reached the most challenging level for bulls in 2023 which its 25k in weekly chart
In the chart you can see :
1– it was the level of last Higher low
2– Convergence of 50w ema and 200w ema first time in history
3– Horizontal resistance which rejected price twice before ( Bullish rejection in may 2022 and bearish rejection in august 2022)
The most important level is 25k everything else is just noise . I want to see massive candle in weekly chart above this level to end the bearish structure as it would be the first higher high after the top in November 2021
Bulls did great work since starting of 2023
By pumping BTC from 16k to 25k (more then 50% gains)
Now we are reached the most challenging level for bulls in 2023 which its 25k in weekly chart
In the chart you can see :
1– it was the level of last Higher low
2– Convergence of 50w ema and 200w ema first time in history
3– Horizontal resistance which rejected price twice before ( Bullish rejection in may 2022 and bearish rejection in august 2022)
The most important level is 25k everything else is just noise . I want to see massive candle in weekly chart above this level to end the bearish structure as it would be the first higher high after the top in November 2021
The Elliot impulse wave divides into five waves. Three of them are momentum waves (1, 3 and 5) and they move in the direction of a trend. Two of these five impulse waves are corrections (2 and 4), so they move against the trend
Correction wave 4 has ended (Healthy correction) before wave 5 will pump BTC to 27k - 32k
Correction wave 4 has ended (Healthy correction) before wave 5 will pump BTC to 27k - 32k
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Blockchain Dream
If it can't breakout 3.2. It will go down like BTC.
Hope you guys took profit already before it going down
Market looks ugly in the weekend . We should relax dont trade anything 🙂
Happy weekend .
Happy weekend .