Analytics and forecasts from Binaryx platform

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02.02.21 BTC Binaryx



Last week, Elon Musk, with his tweet, brought BTC back to the growing channel. On one hour candle , we have already held on and continue to grow gradually.
Possible movement is displayed in 5 waves. You can look closely at the longs. The pivot point is below the level of 32500. A stop can be placed below this value.

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08.02.21 BTC Binaryx



On hour candle, we continue to move in the growing channel. The future, possible, movement is indicated by waves 1-5. But there is a moment: divergence is traced on the daily chart, therefore, it is necessary to enter the long very carefully, with stops under the green trend line.

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18.02.21 BTC Binaryx



BTC broke through 50,000 and it looks like it decided to gain a foothold above this value. So far, we are seeing long positions and continued growth. Approximate movement is shown by waves from 0 to 5 points. If the green support line is broken, we will go down to the blue, but this will be a local correction. It is better to hold positions and open stops at the level of 47-49,000

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26.02.21 BTC Binaryx



Today we will look at the 4h chart. BTC will soon be wedged between the hourly descending SMA and the 4h ascending SMA.
The correction of the last few days has been for medium SMA. Now you can take a short-term long with an exit of about 50,000. Stops should be around 43,000
We will be able to talk about the resumption of growth only after breaking down the directed red line. For those who want to trade, we focus, as usual, on 5 Elliott waves.

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02.03.21 BTC Binaryx



From the previous idea, we missed one correction point. Hike to 46,000. While it’s a little early to say that we will go beyond the price level of 50,000, I am still inclined to believe that there should still be a slight correction and then consolidation. The situation can be corrected by another Mask's tweet and a hike with one candle higher than 50 000. But from the point of view of technical analysis, now the sideways movement and price fixing higher than 46 000 during the week are more suitable. After that, you can talk about longs. The position, so far, is neutral. It is advisable to observe the market.

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04.03.21 BTC Binaryx


Let's continue our idea on the one hour candle. We have come out of the wedge and are gradually starting to form a growing channel. Trading range in the coming days according to technical analysis 49 -53,000 USD
if we go beyond this amplitude, we will redraw the development scheme.

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09.03.21 BTC Binaryx




We have worked out the previous idea and now we have to form a new one!
BTC is set to continue to grow and we are now continuing to move in a growing channel. The waves and points that Bitcoin should affect are also drawn. We will see resistance at the previous extreme. For now, we adhere to trading from Long positions.

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12.03.21 BTC Binaryx



BTC is in no hurry with explicit adjustments. From the previous idea, we determined the resistance in the zone of 56-58,000 USD
Now it can be clearly seen on the graph. The zone of resistance is indicated by a horizontal line and a point X
At 4h we form a triangle, which with 80% probability will be broken and we will fix above the specified line. So far, Long positions are priority. we will look further. If the diagonal support line is broken, we will redraw the possible movement.

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15.03.21 BTC Binaryx



The previous idea was worked out a day later BTC corrected and it is now held by the average SMA for 1 hour. If we talk about a long position, then it will be necessary to sell up to 59,000 USD. Globally, we are still in a growing channel. Shorts are dangerous. This price movement can be considered a local correction; sagging alts will also be good to pick up in order to sell with a 10% -15% profit.
Investors can hold positions further.

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18.03.21 BTC Binaryx



We are already very close to the upper resistance at 60,000. The triangle is narrowing and a breakdown should take place soon. Long positions are now in priority. Possible fluctuations are indicated by waves. If we break through the support or resistance levels, redraw it.
Happy trades everyone!

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22.03.21 BTC Binaryx



The triangle continues to narrow and an exit will occur soon. According to technical analysis, we continue to move in an uptrend, therefore, trades from Long remain the priority. If you want to consider some more coins, write in the comments and we will consider.

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22.03.21 BTC Binaryx



Today we will look at the 4 hour timeframe. In this time frame, we are still in a growing channel. Another post by Musk warmed up the market and we got a rebound after the correction. To continue to grow and break through the level of 60,000, we need to gain a foothold above 57,000 USD.
On a shorter time frame (1-2 hours), we are below 100 SMA, which means that we will face a small local correction. Overall, it looks like BTC is slowing down and suggesting a flat, but we'll see that a little later. For now, it is better to watch the market and the breakout of certain levels. Approximate movement is shown by 5 waves. While BTC is in an uncertain position, one can take a closer look at the growing altas.

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26.03.21 BTC Binaryx



Hello everyone! We reached the 4th point, a little not as expected, but we reached it. We don't think we will be able to reach the current 5 on this pullback. Most likely, we will again go down to the level of 52,000, but this is still a short-term forecast. We will talk about growth after breaking through 54,000. Now there will be either a set of positions for the next impulse, or we will flat. Long should be taken after breaking the downward diagonal resistance line. For now, it is better to be out of the market or be limited to a trading range of 51-55,000.

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29.03.21 BTC Binaryx



Hello everyone. Now we are considering the hourly chart. We have broken through the descending resistance line (marked in red) and will fix above it. There is no point in opening a short position, since we are in a growing channel at 4 time candle and on the current chart.
Local corrections are possible, which are indicated by 5 waves. Day trading in the 55 zone - 60,000 USD.

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31.03.21 BTC Binaryx



Hello everyone. We worked out our 5 waves and stopped in the zone of the resistance line around 60,000 USD
We can test the support at 56,000 again and if we hold out, then we will break through the 60,000 - 62,000 zone. This is a strong resistance zone, breaking through which we will go to 68,000. So far, long
If we do not hold 56,000, we will revise the schedule. Since there BTC will be under 200 MA

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02.04.21 BTC Binaryx



Hello everyone! On the one candle timeframe, we see a clearly pronounced price growth channel. There is no particular overbought, plus we have already passed the retracement level. We will continue to grow today. Since today is Friday and there is no special activity at the weekend, we can switch to flat.
The approximate price movement is shown, as always, in 5 waves. Levels. support and resistance are shown with green diagonal lines.

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06.04.21 BTC Binaryx



Today we will consider 4 hours in order to take a broader look at the picture of the asset's movement.
Once again, we have come to the 60,000 zones and cannot break through it. On the one hand, we have a consolidation, on the other, we get a narrowing triangle. We see horizontal movement and a working range of 56,000 -60,000.
From the previous idea, we worked out the second part of the forecast - sideways movement. They did not reach the 5th point (the end of the 5th wave), they failed to break through 60,000.
We are observing, so far, neutral. There is no pronounced focus.

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07.04.21 BTC Binaryx



Hello everyone, we continue to move sideways. It looks like we are forming a future support zone at 60,000. There are no big sell volumes now, and we are also supported by an upward 200 SMA for 4h. We continue to observe, so far, there is no clearly pronounced trend in BTC. Investors can continue to hold, traders need to use the 56,000 - 60,000 range to make trades.

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09.04.21 BTC Binaryx



Hello everyone, from several previous ideas, we have determined a flat for BTC. So far, the trend continues. We passed all points except the second. Judging by the fact that we have just broken the 200 SMA resistance on the 1 hour candles, the priority of longs prevails.
For trading, you can use the same range, but for now it is better to just hold BTC so as not to accidentally miss a possible breakdown of 60,000 USD.