This is my first published idea. Im not very tech savvy, but here goes. We are tracking a falling wedge and BTC corrected sharply, challenging the recently formed downward trend line. But now price action has mostly stalled over the last 10 hours. We are seeing bearish divergence on shorter TF's on the RSI and MACD. BTC is pressed right up against resistance...
Bitcoin / U.S. Dollar_ Distribution _ Price _ Under _ Trading _ Venue_ Kraken. Note: Prices can be different if You're using a different Trading Venue! We have enough data to calculate the distribution price for 2nd week of May. I will be using only week 1, then connect some of lower data from week 2 then engineer them together to get the week 2 distribution...
SL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
BITCOIN FAIR PRICE Until June 4th. #BTCUSD : $65,214 Overbought (sell signal) above: $67,729 Oversold (Buy signal) below: $62,698
Fib Retracement with an interesting smart money contraction. Trend line points parallel upwards to wear the smart money contraction, horizontal red dotted line. If there’s a breakout then the 2MO TF BEARS loose. Stoch RSI will confirm it by bull trend must cross the bear trend making a curve to the upside. No price range, not possible. If there’s spoofing...
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Hello, everyone Our H&S model is starting to perfect. Now we focus on the target of 69.15K, which is also the key area for the next direction of the Bitcoin market:
Bitcoin managed to break out of the $67,000 daily range, showing strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken the downtrend line on the daily chart. Given the time frame after the halving and the current market trend, the price of bitcoin seems poised to rise further. Key resistance levels to watch: First...
In my revised Bitcoin update for BTCUSD, I outline two potential trajectories. In the short term, I am bearish, while my intermediate short-term outlook is bullish, anticipating a spike. However, my longer-term view remains bearish. Among the two projected paths, I assign a slightly higher probability (60%) to the Green Line trajectory occurring. This probability...
I'm just trying to make this as simple as possible without creating too much "Lost in Translation". Predicting the price of any stock let alone Bitcoin with certainty is challenging, but several factors can support the hypothesis that Bitcoin could reach $200,000 by the next halving in 2028. Here are eight key points to consider: 1. **Supply Shock from...
Very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent. Resistance levels: 67250, 71500, 73700 Support levels: 65250, 64500, 61500 Bitcoin looks quite...
BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily...
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
Bitcoin ( CRYPTOCAP:BTC ) has reached its highest price since the April halving event, reaching $67,422 before experiencing a slight dip. Over the past week, the cryptocurrency has risen by more than 9% and is currently priced at $66,750. Despite dropping after the halving, Bitcoin ( CRYPTOCAP:BTC ) has been steadily increasing in value, although it is still below...
Hello everyone. Today's rise in BTC is completely expected. And I started buying around 61500 and reached my TP price. At present, BTC remains oscillating in the 70,000-60,000 area. Tomorrow I will continue to share with you the trend analysis of BTC here
after last HH (highest high), BTC couldn't break it and based on position of ichimokou lines it can be Short to reach the target of 52 period LL (lowest low).