BITCOIN UPDATE 2h 200MA is so important rn, if it does not hold we take a short position to the green major support line which we need to bounce for #Bitcoin if that does not hold then look at the chard below to see the next level
Bitcoin had a liquidity grab to the downside - Today we have CPI and the volatility could make BTC retest the very highs Thanks for watching
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!
Second Day: After amazing movement to the lower zone, re-testing the trend, and filling our first FVG zone, the price has dropped by 9%. During that drop, BTC also liquidated multiple positions (look at the heatmap), and now the closest liquidity is laying in the upper zones. With that being said, we are seeing a high probability of movement to upper zones to...
Bitcoin (BTC) technical analysis: Trade setup: Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Pullback near $38K support could be a swing trade entry with upside to $45K near-term and $50K...
In this analysis, two long and short positions are specified for risk-averse friends. Bitcoin is in a falling trend in hourly time, so we can consider the possibility of further falling for Bitcoin, but according to the divergence, there is a possibility of a one percent growth for Bitcoin, in which case it will reach an important target. If this resistance is...
I was thinking to wait till tomorrow till I post this analysis so more people could see it but oh well, let us do it today cause you never know what happens. I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows). Bitcoin has broken out already from this years highs week ago (I'll...
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...
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ Thoughts on the BTC chart Let's start in order: technical: it is clear that with this decline of 3500 points, the “bulls” are clearly trying to mark their zone. The last two “lows” are in the $40,200 zone, which indicates the interest of...
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...
Fibonacci Retracement Levels: We constructed Bitcoin trace out 0.5 Fibonacci zone from the peak to bottom and from bottom to peak of each cycle. Currently, BTC hovers around the mid-range of these levels, a zone that historically acts as a pivotal point for price action each time. Market Positioning: While short-term analysis may suggest an incoming correction...
Get ready for the DXY to make its accent back to the upside, 1st stop 108.35 then 119.88, inversely Bitcoin will make its decent back to the 29,850 range. Happy Trading Folk
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...
Last night, BTC fell around 8% in a very short period of time. Sadly, this doesn't come as a surprise after a massive move from 27k > 44k. Investors are piling in with high leverage, which makes them prone to liquidations like the one of last night. These liquidation events have happened a couple of times in the last few weeks. Every time they marked a local...
Hello everyone, I invite you to update the situation on BTC in the USDT pair, taking into account the one-day interval. We will start today's review by defining the trend line and here we can use the white line to determine the main upward trend, then we will mark the second upward trend line in the same way and locally the third one on which the price is...
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
Hey, its Dalin. When we look at stocks during the internet bubble crash of 2003 they appear to make the same structure as many cryptos today. Bitcoin is just one example of this. We see the same pattern with Uniswap and many others. We can utilize this cycle and position ourselves properly for the next wave. A new cycle could send it to un-imaginable...