Chart displays the continuous Wyckoff Accumulation and Distribution cycles chained together. Any trader can check the levels and will agree. If this trend continues, then BTC may see 50k to 52k levels by the end of May 2024. No trading advice, but the pattern has been going on since the beginning of March actually. Accumulation and Distribution.... again and...
Bitcoin (BTC/USD) has just rejected off the pivot which acts as an overlap resistance and could potentially drop to the 1st support. Pivot: 63,223.31 1st Support: 60,588.92 1st Resistance: 65,521.94 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Greetings, fellow traders! Today, I want to share a tactical short trade setup for Bitcoin that I’m considering, based on the current dynamics in the 30-minute chart. As always, remember this isn't financial advice (NFA). Trade Context Given the heightened volatility we’ve been seeing on the 30-minute timeframe, the price movements are swift and sizable, which...
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...
I am putting all of my energy in to coding support mechanisms for when I am doing real life activities If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer We live in a n...
Queen of Cups, Six of Wands, Reversed Tower. Overall Interpretation: The combination of these cards indicates that the market is in a state of flux. While the bulls are in control, the Reversed Tower warns of a potential correction or reversal. The Queen of Cups highlights that emotions are significantly influencing market sentiment, leading to potential...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
A bull flag is forming here in 1 Day TF. It is a very basic technical analysis pattern that traders use to identify potential continuations of an existing bullish trend. It is characterized by a sharp upward price movement (the flagpole), followed by a period of consolidation with downward-sloping or horizontal price action (the flag). The consolidation typically...
BTC ~ 1W #BTC Very simple. we found this History for 1W MACD. When the MACD crosses, the price tends to be Down. we found this at least twice in history. will it happen again this time? if yes. $55,000 - $52,000 is the closest target currently possible to achieve.
Hey traders! Taking a brief hiatus to recharge and gain fresh insights from the market, I stumbled upon a fascinating observation. 🔍 Upon closer examination, I noticed a striking resemblance between Bitcoin's recent price behavior and a small fractal pattern dating back to late February. Overlaying this pattern on the current chart, the resemblance is...
It was a good day for crypto yesterday, but does it have enough momentum to continue the journey up? Volume on the daily still trending down (yesterday was a nice but overall still on the lower side) Could see a retest of the EMA 20 area (63500) if it bounces then we probably won't see the 50's again in 2024 or maybe never again....But, if the retest fails, the...
BTC is making a bearish pattern . head and shoulder and retraced from 0.786 level and next tp is lows
Hey guys, Pre-halving drop confirmed!!! Now, we're gearing up for a major rally as local support holds strong. Check out the chart analysis: The recent consolidation took shape as a minor abc correction, signaling potential movement towards the 90k zone and beyond. Let's watch this exciting journey unfold together! Share your insights and expectations with us.
Mix of estimated fair value / power law with diminishing cycle top corrections following the 4 year bitcoin halving cycle.
#BTC another day hugging the line COINBASE:BTCUSD
The 59500 area has been tested multiple times. I believe we may go back higher from here, but what a coincidence - Its FED Day today !! however, until we get back above the angle 3, I would not play longs here. Please note TrapZone is Red with Red Bars below it, so keep an eye on the UMVD. Can you see a LAREGE CHANNEL ???
This is part of my ongoing analysis, see links below. We have been orbiting 63.3k for several days. It is a key level of the wave down from the top. North of 63.3 is bullish, South of line is bearish. This chart is also a good example of my concept. The red fibs are extensions of an Impulse (fib 0.1). Purple lines are retracement levels of entire wave. Previous...
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...