FULL AND FINAL ANALSYS ON BITCOIN ALL YOU HAVE TO KNOW ABOUT BITCOIN.

The post (FULL AND FINAL ANALSYS ON BITCOIN ALL YOU HAVE TO KNOW ABOUT BITCOIN) apeared first on (CRYPTO-DOCTORS).

DISCLAIMER-The analsys are based on current market sitiuation and trends as u know about the volatile nature of CRYPTO. so think wisely before investing in any asset.

FULL AND FINAL ANALSYS ON BITCOIN❗

The figure bilow is the analsys of (BITCOIN) under 4hrs timeframe.

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

As we can see in the figure above (BITCOIN) is moving in a tight range between (58,778-59539 zone) these ranges usually accure and (BIG WHALES OR BIG INSTITUTION) accumulate there tokens for aften selling or for buying depends on the trend. If we look at the (ACM ZONE) in the figure above it shows the accumulation area between the (58,778-59539 zone) usually a (BREAKDOWN) from the (58, 778) support will bring (BITCOIN) straight towards its major support at (58, 233) as compared to the past data there r enough buyers to push the price again towards the (59,539) resistance. A breakdown of this major support will lead (BITCOIN) to dump towards the next support at (55, 994) i expect a (FALSE BREAKDOWN) from the (58, 778) support to the major support at (58, 233) then i expect a recovery straight to (59, 559) resistance.

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

On the other hand if look at the bullish scenario so i m personally too much bullish on (BITCOIN) that fact that made me bullish on (BITCOIN) is the (BREAKOUT) above (59,595) resistance if it happens (BITCOIN) will pump straight forward to the next resistance at (61, 265) despite this if a (BREAKOUT) above this major resistance then bears would have nothing left for (BITCOIN) and the next stop willbe (64, 524) viceversa (70.000) the top marked as (ATH) the fact that i m bullish on (BITCOIN) is the (ACM ZOME) ussually accuring at (0.5 fib golden ratio) despite this the (0.5 fib level is known as the golden ratio) which confirms a trend shift. On the other hand i expect a (BREAKOUT) from (59, 595) resistance and after the (BREAKOUT) btc willbe above the (0.5 ratio) which will confirm the bullish outlook.

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

IF we have a close look at the (Relative strength index) known as (RSI) and (MARKET LIE DETECTOR) the (RSI) is forming a (BULLISH DIVERGENCE) this happens when the (RSI) levels colide and dont match with the (K-LINE FEATURE) or the chart when the price goes up and rsi goes down this indicates a weak buying pressure against sellers and signalling a possible reversal in short time. If we have a close look at the (RSI) the price is ussually going down and the (RSI) is going up forming a (BULLISH DIVERGENCE) and signalling a possible trend change reversal this makes me more bullish on (BITCOIN) as i think the reversal might happend after a (FALSE BREAKDOWN) from (58, 776) support towards the major support at (58, 233).

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

If we see the (RSI) on a smaller time frame the price is dumping and (RSI) is touching the trend reversal line i expect a rejection for (RSI) at the neatral line (50) i think both (RSI) and the chart is preparing for a (FALSE BREAKDOWN) towards the support at (58, 233).

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

If we watch the (VOLUME BARS) there is slight increase in the buying pressure as the past data shows huge (RED BARS) at higher pirce but i can see (HIGE GREEN BARS) on lower price levels but still the volume bars r negetive mostly signalling the (FALSE BREADOWN)

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

If we analyze the volume on a lower time frame it signalss and accumulation phase as the past data shows huge volume now the volume is same will show huge red bars after the (FALSE BREADOWN) but when it reaches the support at (58, 233) we will notice a slight increase in the buying pressure.

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

The (SMA-9) known as (DYNAMIC SUPPORT AND RESISTANCE) is giving resistance to the price pushing it downwards for the (FALSE BREAKDOWN) towards (58, 233) after that we will see (SMA-9) forming a death cross and giving support to the price.

ACCORDING TO TECHNICAL (SMC BASED) ANALSYS♨️

If we analyze the (SMA-9) at a lower time frame it is also giving resistance to the price and looking strong usually will form a (DEATH CROSS) at (58, 233)

ACCORDING TO FUNDAMENTAL ANALSYS♨️

We can see a strong selling pressure from the last 7days as thier might bee enough liquidty pool at highr pricess so (BITCOIN) will deffently go for grab to that liquidity

ACCORDING TO FUNDAMENTAL ANALSYS♨️

Here we go we can see a slight increase in buying pressure today signalling a possible bullish outlook lets see if it maintains it.

ACCORDING TO FUNDAMENTAL ANALSYS♨️

As we can see in the figure above are the buy and sell liquidity there is a huge buy liquidity at (57, 957) confirming the strong support at (58, 233)which will be grabed by the (FALSE BREAKDOWN).

ACCORDING TO FUNDAMENTAL ANALSYS♨️

As we can see in the figure above on lower time frame their is a huge Buy liquidity at (58.486) buy liquidity on a higher time frame (((57, 995) -(58, 233) -(58, 486))) made a zone in between these two liquidity pool our major support play's a vital role.

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