Hello, dear friends!😊 As promised, I'm updating the Bitcoin chart for the short-term perspective🤫 After breaking the triangle downwards🔻, the price dropped below the $62,000 mark. We see, that further on, the price tested the lower trendline of the triangle (rising to over $66,000), and now there is a high probability that the price will again drop to the...
Today's focus: BTCUSD Pattern – Range, seller test. Support – 62,000 area Resistance – 73,000 area Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily. With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the...
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. If BTC bounces from the yellow horizontal line then we can see BTC back at an all-time high. If BTC breaks down the horizontal line then we can see BTC back near $53000. I have...
Let’s first have a look on the current U.S. macroeconomy. Last Wednesday, the U.S. Department of Labor released CPI data for March. While the predicted value was higher than the previous value, the actual value was higher than the predicted value. This also means that the CPI will be worse than expected in the first four months of 2024. BTC and US stocks fell....
Hello, Looking at the 4 hr candle, i notice that BTC just printed a lower Low, while DOGE printed a higher low…. Which could signal that this level is a bearish continuation for BTC, and that wea re competing a reversal off of the long wick to $.13 for DOGE. IS this when the prophecy becomes realized? The massive all time bump of BTC and move to DOGE?
At least this correction may end like this. This is the most optimistic path. The path is on the chart. Not financial advice.
Once again Bitcoin is Re-Testing my Multi-Year TrendLine as support. The last 3 daily candles each have a wick poking down at it. Will it hold? So far it has but with each passing day and retest, the chance grow less and less likely. As long as we remain above it, I am long. A drop below would have me taking risk off and waiting for a better price below somewhere.
Bitcoin's journey around the $70K mark has become a well-known story in the trading world. It's like a ceiling that just won't give way. Every time Bitcoin's price climbs, it seems to hit its head on this $70K mark and drops back down to around FWB:65K —a safer spot that traders seem more comfortable with. When we look at the Bollinger Bands, we see Bitcoin's...
Displaying the Bitcoin to US Dollar (BTC/USD) exchange rate chart on a 6-hour time frame. Percent Profitable: 70% Profit Factor: 11.42 Max Drawdown: 9.73% Sortino Ratio: 2.511
Hello Traders, Skyboxpips here! We posted an analysis for Bitcoin stating that it will most likely reject the 69k level.
The Hong Kong Securities and Futures Commission (SFC) has granted approval for the first spot Bitcoin exchange-traded fund (ETF) in the city. The ETF will be managed by China Asset Management (Hong Kong) and several other applicants. According to reports, China Asset Management (Hong Kong) will partner with OSL Digital Securities and BOC International Prudential...
CRYPTOCAP:BTC Futures Broke the small triangle pattern it was in & now it's in the larger one. Don't think it'll be August by the time it breaks, wither up or down. RSI is weak but the $ flow is better. VS #BTC Spot It is in a channel pattern. Bearish Moving Avg Crossover. Trading under the blue Moving Avg. Final charts show what could be if #bitcoin topped,...
Seems the triangle i posted a week ago was the thing to follow, but we saw a failed breakout, even before the sudden dump we had this weekend. Glad i am still mostly on the sidelines here :). Long story short, also not sure what it will do, the ABC i mentioned weeks ago (drop to 55/60K), could have finished already with that dump this weekend, but could still...
📊 Key Insights: BTC Recovery: Bitcoin is recovering after last week's dump and is approaching the next resistance levels. Upcoming Halving: The Bitcoin halving is scheduled in around 4 days, which historically has been preceded by price drops. Cautious Approach: Given the historical trend, caution is advised starting from Wednesday leading up to the...
we have bearish signs on the chart. Bitcoin has a high probability to drop with the Fakeout it had and the downward structure formed on the chart. The liquidity pools at the top of the chart have been swept away, and only the liquidity pools at the bottom of the chart remain. This is a more correct view to have at this time. For risk management, please don't...
Trade setup : Price remains in an Uptrend. It got rejected 2x at $72K level but as long as it stays above GETTEX:64K (prior swing low), its uptrend is intact. We would be buyers near that GETTEX:64K support area, with +15% upside potential back to ATH of $74K. Stop Loss (SL) level at $62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s...
This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin. If this ratio is going UP Sh@tcoins (to give them their colloqiual name) are out performing the #1 #Crypto asset. ("there is NO 2nd best.. " M. Saylor) Risk ON. Aka Silly season. If this ratio is going down. Then S coins are underperforming BTC Bear market... S coins getting...
Looking at charts, trying to find coincidences. This doesnt look over yet, still many people on sidelines and normies scare of buying. They need FOMO to make positions and that FOMO isnt here yet Mod4finil thoughts