FaridSeghiouer

FaridSeghiouer

Well, i'm not a crypto trader, And i've heared lot of peple saying that the Bitcoin is on strong bullish trend, Today when I've been checking its chart, i've noticed this harmonic figure appearing on BTCUSD's chart, and this is my vision for the next few days.

FaridSeghiouer

The price is following the Butterflyhaarmonic figure to touch the 1900 level. for a long term.

FaridSeghiouer

After the last analysis that i shared here, i think that i messed this important configuration of head and shoulders on the 4 Hours frame time. so this harmonic figure is confirming the last analysis.

FaridSeghiouer

The price has reached a very strong, proven resistance level, and the last week’s trading session has closed with a Hammer figure candle, which signified that there’s an important buyers volume (squeeze), so, as a conclusion there’s a 80% of probability that the price will break that resistance level in order to touch the 1754 level again, if that scenario won’t...

FaridSeghiouer

the price has showed a very momentum to continue its up-trend, respecting the Fibonacci levels, whom are representing the support and resistance zones, the scenareo that you see in this analysis has a 85% of probability to happened.

FaridSeghiouer

The BRL started to refresh again after a long period of suffering because of the Covid 19, so the Price starts to go down again in order to search it’s usual average. we are expecting a small pull-back on the 4.96 level until it touches the 5.04, then it’ll continue its going down until the 4.80 level or even more down than that, depending on the panic of buyers...

FaridSeghiouer

we’re waiting for a clear pull-back on the 1672 level, in order to that the price will start an up trend again, this scenario has 80% of probability to happen, if not, we’ll be waiting for a clear break down with a big volume of sellers, in order to touch the 1648 level, this scenario has a weak probability.

FaridSeghiouer

what i observe that the price will touch the 1728 level at the market's opening, then it will pull-back at this level in order to keep going up, until it touches the 1737 level, because the trading sessions has closed with an important volume of buyers, if that scenario won't be established, i expect that the price will break the 1728 level in order to go down...

FaridSeghiouer

that's what i've seen earlier when i took a look at the charte. the price will continue its uptrend.

FaridSeghiouer

The price has closed last week under the upper trend line respecting the (0.5/1734.46) Fibonacci level,with an important squeeze on the last 30 frame time candle, so there's a 90% probability that the price will touch down the 1727.35 level, because it's a very important Fibonacci level and also it coincides with the resistance (trend) line, and i expect that...

FaridSeghiouer

The price is showing a powerful mometum to continue its uptrend, so if it pulls-back on the 1742 level without any gape at the opening market, there's a 90% probability that the price will touch the 1752 level again or even higher than that.

FaridSeghiouer

the price still keeping its up trend from April 28th, even we had a fake break-out of the trend line. i expect that the price will respect the up trend and the fibonacci lines.

FaridSeghiouer

the price will continue its up trend in order to test the trend line, respecting the Fibonacci zones. le cours poursuivra sa tendance haussière afin de tester la ligne de tendance, en respectant les zones de Fibonacci.