there was a significant drop in the price of Bitcoin as it experienced a sudden decline of $1000, bringing it down to $35,344 by the evening. This downward movement caught the attention of traders and market observers. The Relative Strength Index (RSI), a commonly used technical analysis indicator, also signaled a bearish trend, further supporting the notion of a...
BTC entered the buy zone i previously marked. There are some chances it could start to reverse from there and make an explosive upside move. Otherwise, if this level will not hold, next price area to watch will be the 31-32k
Speculation is just that, only speculation. Ideas to guide your trading and/or investing journey. I put a good amount of time in researching and charting over the last year to specifically develop this thesis. I hope you enjoy and please like and share, even if it's to ridicule my analysis! With that said, it looks like there are three scenarios that are 'most'...
** NGM:RVN BREAKOUT Falling wedge in Weekly TF And also retested ** Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify...
BTC breakout the 32k resistance level in 23 October, since this day BTC is traded between 33k-34k Levels. So what's next? - Today's the monthly closing is considered the highest in a year. - The 30k to 32k level act now as support area. - 37k-42k are high selling areas. - If Monthly candle close above 34k we can expect a big move soon. - If Monthly candle...
Was the Blackrock/ETH news bait today? I am betting it is. Sats are added to the stack. Time will tell us how this goes. STAYING BULLISH RN. Not financial advice you can end up with ZERO.
Now, I know you're already aware of the immense potential that Bitcoin holds, but let me emphasize just how exciting this development is. The $36,300 support level is not only a strong foundation for BTC's price, but it also signifies a potential bullish trend that could propel the market to new heights. Can you feel the excitement building up? So, why should...
These are my Keylevels for Bitcoin on 2W time frame. even if we have a possible rising wedge, just look at the macro channel trend , its obviously a bullish one
As its been almost over a year since i posted an analysis on Bitcoin its about time with the current strong uptrend. In my idea i compared the two bull markets of 2017/2018 with the one from 2020/2021 and showed how similiar they were. To quote from my previous analysis (You can find a Link to the original post below) #### 1. We created a top (orange...
Fundamental: The recent approval of the BINANCE:BTCUSDT Bitcoin ETF spot in the US has sent positive shockwaves through the crypto market, providing a strong fundamental backing for a bullish outlook. Additionally, the upcoming halving event for Bitcoin adds further fuel to the potential for a sustained upward trend. Technical Bitcoin has exhibited a...
BTCUSDT We are currently seeing some interesting BTCUSDT price action. The second time the price is trying to break through the strong resistance at $31162. We consider two scenarios. Bearish scenario: If BTC fails to break through the indicated resistance and bounces off of it, we may see a reverse bounce down. Our green trend line may come under pressure and...
BTC broke out of consolidation after holding previous bullish structure and impulses. Expecting further expansion, after a period of another consolidation
BTC Technical Analysis Update. BTC Currently Trading at $36700 After a big upmove, Bitcoin started consolidating and formed an ascending channel pattern. Now, the BTC price breaks the ascending channel, and we can expect a bullish continuation for the next few days, with the price possibly hitting 40K soon. Thanks Hexa
Hello traders, Here's a BTC trade setup for you all. Entry: $34647 to $35000. Stop Loss: $34338. Leverage: 20x. Target: 5% to 6%. Note: Always use SL to avoid heavy losses. Use leverage according to your risk management. DYOR before investing. Not a financial Advice.
Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3...
We have entered the bull market. Yes there will be pull backs. As of writing this we are at 35762. Don't let others tell you how to trade. Take everything with a gain of salt. If you flip the chart upside down, and pretend this was reality you would sell. So why won't you long, fear of losing money? theres always a chance of losing money. Lots of people screaming...
BTC is refusing to take out any of these lows and you can see its solidly above its control line in this upward channel. If you take a look on my twiiter you'll see a retweet from q4 2020 which BTC is mirroring. I agree and i think we are about to go parabollic just as we did then, probably to ATH. I'm adding to BTC here before the 36000 breakout
Analyzing BINANCE:BTCUSDT on a weekly basis is currently one of the simplest but also most effective tasks. This is because Bitcoin generally only fluctuates between support and resistance. In addition, it is fully compatible with the Fibonacci correction. Therefore, I can easily determine how far it will run. The fact that INDEX:BTCUSD has not made a...