Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three...
Is this the bitcoin price? In the indicator I used to view this chart I drew some information based on a guess into the future is Bitcoin does what I think it is doing to do in the following week, 10 days exactly. If I am wrong then I guess I saw the change being too predictable. I think the force of energy will push down on Bitcoin and that force of energy from...
Bitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move. Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in...
Trend reversal. Not financial advice. Bitcoin / Japanese Yen. For entertainment purposes. Insulting comments are welcome. Thirty Nine Thousand American Dollars.
The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until...
Solana was one of my TOP PICKS for alts in 2024. Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B: This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to...
Bitcoin surged back above $60,000 yesterday evening and is thus trading at a price level that it has been trying to overcome for two weeks now. We primarily expect another setback into our green Target Zone (between $47,012 and $58,655) so that the low of the green wave 4 can be established there. Following this, the price should then turn around sustainably and...
BTC is moving within a consolidation box Price is ranging between: 61,800 (Resistance, top of channel) 57,700 (Support, bottom of channel) Bulls need strength to break the resistance of 61,800.00 AB=CD pattern target calls for 68,000 (Daily Descending channel top) However, a resistance of 63,500 will require Bullish move.
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once declined to support line, which coincided with support level. Then price in a short time rose to $63400 level, broke it, and later reached resistance line of wedge. After this movement, BTC made...
1d: here we are in breaker imbalance, also left liquidity at the bottom. 1H: have formed an imbalance, the direction of the asset for the near future depends on whether we invert this zone or get a reaction and go for liquidity below.
Morning folks, So, from indecision last time, situation is becoming a bit more clear. Now, based on market performance we suggest that short-term sentiment is bullish. Wyoming could bring surprises of course, but in general its results are dovish-skewed, which means supportive to BTC. BTC starts forming clear shape of round bottom. We consider 64.5K as nearest...
Bitcoin pulled back to the broken Support zone($60,520-$60,120) , as I expected ( in yesterday's post ). According to Elliott's wave theory , Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5) . Regarding Classic Technical Analysis , Bitcoin seems to have formed a Bearish Flag Continuation Pattern . I expect Bitcoin to fall again...
CRYPTOCAP:BTC #BTC Damn! Real struggle at $61,953 resistance. Bullish engulfing on last 1D close, currently forming bullish pin bar on 1D, RSI on 1D and 4H looks fine, $62,580 $63,544 $64,344 next resistance areas to watch. $60,629 support testing. $58,882 key support here.
The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly. Trade Setup: Stop Loss: Place a stop loss just above the 62,500 USDT level to protect...
There is a Descending Broadening Wedge in pattern. Bitcoin will go up to complete it. Target is 68000+. Currently its in accumulation phase for some days. You can buy in small dips.
Bitcoin (BTCUSD) undoubtedly shares a relationship with the Volatility Index (VIX), even though not 100% tight, being a speculative financial asset. Naturally the two are on a negative correlation, meaning that when volatility hits the market and VIX rises, BTC rises and vice versa, similar to what happens against stocks. Following the massive volatility spike on...
🔍 BLUR/USDT Analysis: Key Dates for Strategic Moves 📉 The BLUR/USDT chart highlights important upcoming dates where price movements may present trading opportunities: • August 26, 2024, September 14, 2024 - Red Lines: These dates mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face...
🚨 ARBUSDT Trading Signal Alert 🚨 Hello, traders! I’ve just updated my chart with precise indicators to guide your trades. Here’s what you need to know: 🔴 Red Lines - Selling Phase: These lines signal the start of a downward trend. Consider taking profits or shorting on these dates: • August 22, 2024, 02:00 (UTC-7, Los Angeles) • August 24, 2024, 11:00...