Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Hello dear traders! Today, we're having an exciting day in the markets for Bitcoin, aren't we? We see that Bitcoin started the trading day at an impressive price of $66,352, up 2.16% from yesterday. This is a sign of a positive trend that we need to pay attention to. Looking at the bigger picture a bit, Bitcoin found a strong support point at $60,000 and from...
Hello everyone, this is Maximilian! Currently, BTCUSD appears to have recovered significantly thanks to strong support from investors at the price of $61,000. In addition, the successful overcoming of the EMA 89 moving average has also contributed to promoting the growth of this currency. Through observation from the 4-hour chart, it is clear that the market is...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
The Bitcoin 2024 Halving is only 5 days away —according to CoinMarketCap— and this is truly a major event in this market. Bitcoin's halving has a huge effect on the entire Cryptocurrency market in a positive way. The halving is something good and was implemented as a strategy/feature/solution/technique to fight the highly feared and polarizing monetary inflation...
Bitcoin continues to maintain its consolidation, halving appears to be a non event which again is typical. The actual catalyst (institutional buying?) has been STOPPED for at least a month. If anything, I suspect large players who instigated the "run to 100K" nonsense have been quietly reducing their exposure into the hands of the retail trader. That may be one...
Hello everyone, nice to see you again in today's chat! Today, we will analyze and propose a strategy for BTCUSD together. Currently, BTCUSD is in the process of consolidating at high levels, with stable trading activity on the 1-hour timeframe. Bitcoin price is currently trading steadily above $66,000. Additionally, a bullish head and shoulders pattern is...
Trend-line guidance with volume candles moving up to $80k. EQUAL LOWS on a 9 DAY TIME FRAME means ROCKET LAUNCH
BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Plotting candle: Bear red arrow shows Bull was rejected. Blue candles have a struggle. White candles or candle reveals what might come next based on volume: 1. BULL plot 2. Struggle plot 3. Bear plot The end of the REGRESSION trend shows a green BULL plot confirmation based on volume but must first close and there’s 6 hours left to close out BULL plot.
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
█ The profitability of technical trading rules in the Bitcoin market The Bitcoin market, known for its wild fluctuations, poses a unique challenge for traders: Is it possible to consistently profit using technical trading rules? Recent research analyzing Bitcoin's price data from July 2010 to January 2019 has shed light on this question, focusing on the...
Tomorrow, 25-April, is a very important date astrologically speaking. Certain planetary movements are pointing toward the resumption of forward action. What would this imply for Bitcoin? ➖ Bitcoin peaked 14-March and has been consolidating since. ➖ Bullish momentum has been going down. ➖ The current bias is bearish based on multiple bearish signals such as: high...
Hello dear friends trading BTCUSD! Let's discuss and strategize for the new day! The growth for BTCUSD continues to build. At the time of writing, the cryptocurrency market is trading below the $66,500 barrier. The uptrend is very strong as it is also at a high level with stable trading activity on the 4 hour time frame. Exiting the downward parallel channel has...
Hello dear traders! Overall, BTCUSD is changing the structure of the market observing a broken bullish technique, which can generally determine the medium-term potential. Price is testing $64.685, aggressively defended by sellers amid a wave of corrections and sell-offs The bullish momentum in general has been exhausted, the support level of 64,685 USD cannot...
Bitcoin (BTCUSD) has successfully tested and held the Mayer Multiple (MM) Mean (red trend-line) and is now consolidating. As you can see by the green arrows, this is the point where historically the most aggressive part of the Bull Cycle begins, as even in the occasions where the MM Mean broke marginally (July 2013), the rebound that followed was even more...
Any questions? Follow the trend lines with lows and highs. 14D TF dotted blue lines squeezed into a 4HR TF. Shows the end of dip but I have another idea showing a possible dip to $57k zone but no confirmation yet. BTC same pattern but with different volume. BTC not ready to fall deep. Added a selling Zone for myself. I will reevaluate BTC once it reaches SELL...