3 days ago BTC hit 200 weekly MA @ 25k I'm concentrating now my view on the 31k mark, which represents the 1.618 fib of this precedent move AND a big support zone from the retracement from May-July 2021 From here we can see 2 possible ways : - A breakout of the weekly 200 MA (25K) and a move up as fast as the precedent one to 31k, to maybe meets the line of the...
Bitcoin BTCUSD Sell Stop Loss: 31600 Targets: 30300 30000 29600 29000 28000 27200
For a little over a year (since April 2022), Gold and Bitcoin have been on a remarkably tight positive correlation as when one rose or declined, the other followed. We see an incredible surge in the price on Bitcoin in the past week with Gold however failing to follow, declining instead, breaking for now this long term correlation. As the market lacks the...
Traders, I'll cut to the chase. There are 3 probable scenarios for BTC price movement at this time. I'll go over least likely to most likely and why: 5:00 - Least likely: Break straight up and through our 30,500 resistance. 6:30 - Most likely: Drop to our Dec 21 TL, kiss it, and continue up again. 8:10 - Other possibility: Drop to our Dec 21 TL and break it....
DXY has begun seeing some losses on news of lower than expected inflation and the Fed's decision to skip an interest rate hike as a result of that news. Should it continue down, BTC will begin to move back up until otherwise.
Hello,Traders! BITCOIN gained 23% in Just 6 days so while the Move is spectacular the Coin is clearly overbought So as the price is now Facing a strong key level Of around 31,000$ I will Be expecting a bearish Correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! 31063, on CB, is a bear count killer pivot. 28791, is the ideal hold above for me atm. LARP traders caught the bottom and will sell the top. Real traders can miss...
29k hit and yes i can be happy. Maybe time for a little break before storming higher to 31k and 40 k eventually as mentioned so many times. Then again maybe it doesn't stop so o/c spot intact and just closijg some futures positions in nice profit. I saw it coming yesterday, even dared sharing it with my people last night: ''price will exit upwards by this...
Short term view in Bitcoin (BTCUSD) from November 21, 2022 low is in progress as a 5 waves impulse with extension (nesting). Up from November 21, 2022 low, wave (1) ended at 25270 and dips in wave (2) ended at 19569 as the chart below shows. The crypto-currency has extended higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave...
Bitcoin / BTCUSD crossed and closed yesterday not only over the 1day MA50 for the first time since May 6th but also the Falling Resistance coming staight from the April 14th High. That is a major bullish break out signal, similar in magnitude with those of January and March. Their rallies completed a +54.50% and +58.00% rise. That is +3% difference. Adding +3%...
In this video, we take a close look at Bitcoin. We observe that it has reached a significant monthly resistance level. The chart indicates that it is currently overextended, raising the possibility of a substantial retracement. Throughout the video, we discuss price action, analyze the trend, highlight key levels of support and resistance, explore different time...
I mentioned before, that a break is coming for this regression channel, and the falling wedge. I would like YOU to tell me what do YOU think? Is this the breakout or it is a fakeout? *I will probably get back to you on the comments, If I feel I have to give my two cents.
In the above chart, I have shown the Converging Diagonals which started in mid of April and are the start of a bigger downward move. Wave 2 of this diagonal consisted of Triangular Waves while Wave 4 consisted of Zig-Zag . The last Wave 5 of this downward move is a bit complex amid the yesterday's FOMC and CPI the day before yesterday. It turned into...
Even after hundreds of other junk coins have been introduced. Cream rises to the top always, and there is no creamier cream than Bitcoin.
Each time Bitcoin has entered an uptrend, it eventually reaches a new ATH and then loses the uptrend about a year or so later, and the begins a new and weaker uptrend. Its first uptrend was lost about 2-3 months following its ATH, and the 2nd and 3rd ATH failed to re-test the bottom of that trend. When the 2nd uptrend was lost, the next ATH perfectly re-tested...
BTCUSD is on neutral technicals on the 1D timeframe (RSI = 52.076, MACD = -177.600, ADX = 37.429) as it remaing inside the two month Channel Down but hit its top today, as well as the 1D MA50 for the first time since May 29th. If it closes the 1D candle over it (hasn't done so since May 6th), we will buy the breakout and target R1 (TP = 32,400), which is a 12...
Bitcoin with ticker BTCUSD is still at strong weekly technical support. After a break out of a downward channel line back in January of this year, we have seen a retest of that same line that turned into support from where market resume higher and even broke an important 200-week and 50-week MA. After a broken 200-week and 50-week MA, these two were retested as a...
BTC has been very fun to scalp in this flag pattern over the last few weeks. But we are getting really close to a moment of make or break. I like to keep my technical analysis really simple, using basic techniques such as price action, trend-lines, and zones of support and resistance (S&R). As the analysis clearly illustrates, we can see a 50/50 scenario here. A...