Most of what I have to say about this is written in the actual chart. Basically it looks like there is a similarity between every other annual setup.
The cryptocurrency market has retreated under the shadow of renewed concerns about US stagflation. Federal Reserve chair Jerome Powell left the benchmark federal interest rate at between 5.25% and 5.5% at the latest FOMC meeting Wednesday, citing sticky inflationary pressures and a lack of recent progress toward their 2% inflation target. However, Powell...
The price of Bitcoin rallied 3.8 percent to $59,568 over the past 24 hours. “#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This CRYPTOCAP:BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions,” the crypto intelligence firm Santiment...
As we navigate through an increasingly volatile economic landscape, similarities between the current market behavior and the period preceding the COVID-19 market crash have begun to surface, particularly concerning Bitcoin ( INDEX:BTCUSD ). This analysis delves into these parallels and discusses why the upcoming Bitcoin halving might not be the safety net...
⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions. Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap. Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market. Speculating on FED decisions is risky, but their transparency can impact market sentiment. ⚠️ Implications of...
BTC i stuck in the resistance zone at $59.000/$60.000. In my previous idea, i marked this area as a key resistance zone and in fact, BTC is having some difficulties to break this level. If Bitcoin will fail to go over there, we can expect a drop in the coming days, as i was previously thinking. Otherwise, if Bitcoin will break above $60.000 we can expect a rapid...
#bitcoin #btc is now testing the former support zone , now the resistance zone. This is the bearish retest of 52K or bounce to 62K? Ascending channel is bearish but the short term structure is neutral. Neither strong nor weak.
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle...
Not to say I told you so, but, yeah, I did tell you all a while back when we broke previous all time highs that the 58K range for Bitcoin was still in play, and guess what happened? We hit it... Well, I didn't post that one on TV, so I may not have told you guys, lol, but it's on my other outlets. Okay so now that is all out of the way, let's talk about what...
TP: 70382.05 SL: 57172.95 In this trading strategy, we present a compelling opportunity for a short position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
As we enter the final stages of the bull cycle. Bitcoin has followed a mix of 2014 / 2017 pre and at halving. 2021 is not aggressive enough to hold the adoption LOG pattern so I will could it out following that path. If we get mutual funds + retirement funds adopting Bitcoin a 2014 scenario is looking interesting. Potentially a double rally? Until we pass...
I am buying BTC at this level . If breaking trend line buying again at 50 <> 53 level . I am bullish ....
The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the...
77,000 next or vaccations to 37k. #bitcoin (buy at 77,000 or wait for 37K) 7s
Bitcoin is following the bearish i explained in my previus idea. I expect a continuation on the downside till the next support zone at $50.000/$52.000 as soon as the local low will be broken. To turn bullish again, BTC need to break the resistance area at $60.000
The first important resistance is in the red box. If it is broken, the high numbers are available, if it is not broken, you can check and act at the lower points to buy. If, from a technical point of view, the triple bottom movement , we can see an upward movement
Hello Traders, Skyboxpips here! Previously we stated that Bitcoin may face sell pressure at the $70k level. Bitcoin is now in a retraction phase and is now below $60k at the time of the posting. For now, we will monitor shorts till technicals reveal a possible reversal.
Evening folks, mastershark here , what a nice day it was ! After uncountable rainy days in Manchester we needed a sunny one deffo haha . Wanted to share what’s in my mind with bitcoin , first of all i have to start a bit British ( which im not ) if you wanted to hold and you already thinking about selling just after halving you are a c*** lad and you’re gonna...