Judging from the daily chart, yesterday's closing was a big negative line, which reversed the positive line the day before yesterday. In addition, the price rebounded to the 20-day line and then fell rapidly. This shows that the current price will continue the downward trend. Although the price is currently in a rebound stage, as long as the price does not exceed...
Hello dear friends, BTCUSD is striving for a recovery, but the upward momentum seems to be weak and lackluster. The downtrend continues to hold strong on the 6-hour chart, and we are still aiming for the target of $58,700 USD after the retracement around the 0.618 Fibonacci level concludes. Thank you all!
BTCUSD kicked off the week with a strong rally, currently trading around the $62,800 mark, reflecting a 2.20% recovery for the day as of this writing. BTCUSD has successfully forged a new price breakout, yet it still faces hurdles beneath the $63,200 resistance level. A slight adjustment might be on the horizon to solidify its recovery before BTCUSD can confirm...
Hello all dear traders! So after a long period of price decline, BTCUSD rebounded with a spectacular breakout from the price wedge, which was not only a move from the bulls but also pushed the price up sharply from this point on. It is currently consolidating above highs of $63,083 marking a 0.1% gain on the day. However, looking from a technical perspective on...
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...
BTCUSD remains ensnared in a downtrend, currently hovering around $61,800, having lost 1.71% today. The price wedge is tightening, setting the stage for a potential breakout for BTCUSD. The outlook remains in favor of the bears, with a target of $58,000 seen as highly plausible. What's your take on the next move for BTCUSD?
Bitcoin has found overall support just off the 56K level (on my chart) and has rallied back to the 64K resistance only to retest the 60K level (see illustration on chart). This is the scenario I described in my previous article and price is now in an ideal location for a swing trade long on this time frame. Interestingly enough, my Trade Scanner Pro system...
Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles),...
Bitcoin is still showing a good demand here, reclaiming last weekly FVGs (on smaller timeframe). As we see the pressure being big here, we are monitoring for price to secure potentially below our sell zone, which would activate a full-scale correctional movement! Swallow Team
Chat is always one of the best indicators in markets and counter trading them usually ends very well - I'm of the belief our corrective low is in at 56k~ and we're going to new highs off here.
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
What is a "danger zone" and how do we determine if Bitcoin is in a situation to either crash or move higher? The "danger zone" we've been hearing about is a time based fractal of past history. The 2023 bullish wave and 2024 new All-Time High shatters all time related predictions based on past history. Since we have completely different timing this time around...
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...
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: On the higher timeframes of the Bitcoin chart - symbol BTCUSD - you can immediately spot a simple rising channel formation. About a year ago, Bitcoin retested and rejected the lower support of the rising channel formation and is now retesting the...
☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss...
Bitcoin (BTC/USD) has just reacted off the pivot and could potentially fall to the 1st support. Pivot: 63,135.96 1st Support: 61,766.40 1st Resistance: 64,370.98 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 CFDs may not be suitable for all...