Current Market Conditions: As of the latest data point on the 4-hour timeframe, Bitcoin is trading at $41,256. This price level comes after a recent uptrend, where Bitcoin experienced a significant rise before encountering some volatility and a slight downward correction. Technical Indicators Analysis: - The Bollinger Bands on the fourth image indicate that...
An analysis of Chainlink (LINK) highlights a strong support area, oversold Stoch RSI, and potential scenarios, offering insights for market participants. Key Insights: Strong Support Zone: The range of $13.50 - $15.00 is identified as a very strong area of support for LINK. Ascending Support Line: The ascending support line from mid-October aligns with the...
Last weeks high: $44745 Last weeks low: $42371 Midpoint: $39998 BITCOIN reaches just shy of $45K in what has been a huge continuation of the bullish trend we've experienced all of this year. A pattern I have noticed and one that can usually be seen in market environments similar to this is: 1. Strong move, usually only a few candlesticks. 2. Consolidation,...
#Ethereum is retesting its support level at 2155, If it holds we will see a good move upwards #Cryptocurency FOMC
Furthering the weekly 2023-2026 plan Lower timeframe looking for a 2023-2024 daily plan. Swing or compound - red pill(line) or blue pill. Watch the moving averages rhyme with trends structure (or loss of) on PA will play out to give more clues - but ultimately, chase the liquidity zones - its what the whales do.
BTC repeating cycles; Using historic cycle data , repeating cycle for supply and demand along with subtle gain and degradations. Already tagged one target (previously predicted in august 2022) Weekly macro targets - it awaits to be seen if we tag the 2022/3 DMA area (First red circle) prior-to or post 2024 halving. We should see a liquidity grab $19-21k area...
Bitcoin is coming higher this year, moving very sharply through 2023, after a period of a consolidation that has been in play since March till Avgust of this year. We can see a nice and strong rise now, with some sharp extensions above daily base channel resistance lines and 40k area, so we assume that more upside can be seen as recovery is acting like an impulse....
Bitcoin price is trading under resistance. If the price breaks 42.1k we can go back to 44k and finally attempt 46-48k. Wait for a breakout!
CRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
So I basically took a trendline on the 3 month chart and connected the 2 bottom wicks on the most prominent red candles for the bottom trendline of the channel…I then cloned that specific trendline and placed the left side of it on the highest green candle wick for a top trendline to the potential channel low and behold our current 3 month candle is very very...
As we said in the previous reviews, we had a green box that we said if it is broken, the bit correction process will start. When the box is broken, it created a resistance for us and we said that lower numbers can be touched so that the resistance is not broken. The first resistance range of Bitcoin is the red box and then the purple lines, which will be a...
Content: Bitcoin is experiencing its most significant drop in nearly a month, catching the market off guard on Monday, shattering the optimism, also known as "hopium," for continued price growth until the SEC approves the BTC spot ETF in January 2024. However, the sudden market downturn has left investors surprised, leading to this optimism being shattered,...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart There is no indicator announcement today. After the 5-minute trend reversal, it is slowly rebounding. Nasdaq...
Currently, we find ourselves at the peak of Wave D, and these levels are likely unsustainable for much longer before the anticipated reversal takes full effect. I anticipate a substantial downward movement from the current levels to around the $10,000 area. Following this bottoming out, I expect a minimum 700% upward movement to reach all-time highs before...
This chart represents a correlation of BTC price and USDC + USDT market cap divided by total crypto market cap. As we can see, as soon as we are touching any channel borders on a stablecoin chart, we are starting to reverse to another side on Bitcoin chart. Right now, we are exactly in that situation and my bet is that in 2023 we experienced a smaller...
Bitcoin experienced a recent decline that negated the previous price surge. During this downturn, a technical analysis on lower timeframes revealed the formation of a double top pattern. Further analysis identified a significant structure characterized by an expanding channel within the hourly timeframe. The current scenario suggests a probable retest of the lower...
Bitcoin is giving traders a big gift. But I think it's time to be careful going forward.
OVERVIEW After a period of rapid gain in the previous weeks, the crypto market / BTCUSD will be consolidating to confirm it's current support levels above $36,000, so it can continue onward at a sustainable rate. KEY SUPPORT LEVELS $38,400 36,400 Direction Expectations Short Term Sideways What is price consolidation? Price...