Morning folks, So, daily momentum trade has worked nice, minimal 43K target is completed. Now the major riddle stands around current rally - whether this is continuation of major tendency or 2nd downside leg is still possible. So, once 1H chart target will be achieved, we intend to see what market reaction will follow and what patterns will be formed around it...
BTC Trading plan ideas for long and short watch it now
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Analyzing Bitcoin’s (BTC) oscillators provides an essential snapshot of its current market stance. The relative strength index (RSI) at 56, Stochastic at 54, and commodity channel index (CCI) at 18 align in a neutral zone. This neutrality signals a balanced market sentiment, with...
Bitcoin appears to be in a smaller magnitude Wave 4 (see chart) which implies one more push higher to complete the impulse structure. such a move can see price into the mid to high 46Ks over the next couple of weeks. While this is good news for those who have been or are looking to go long, there is one technical problem that is likely being overlooked by most. I...
After the interest rate and consumer price index were able to remain unchanged, there is a possibility of growth again after the market correction and the failure of the market collapse theory to the point of $36,000.
Hey everyone! Check out my latest Bitcoin analysis! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 As I delved into the charts, I couldn't ignore the uncanny resemblance between Bitcoin's 2023 price action and the post-halving period of 2020. Take a look at this BITSTAMP:BTCUSD comparison: Notice how the...
Two days ago, just after the big liquidation which took us from 44.5k to 40.3k, I made a post where I argued that there were no worries for the bulls as long as the bottom support held. Around 40 minutes ago, there was another FOMC interest rate decision in favor of the bulls. Stock markets rallied and BTC followed suit. Crypto is rallying back towards previous...
🏃♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of...
Hello TradingView Family / Fellow Traders, Based on my recent BTC analysis (attached on the chart), we anticipated the onset of a bearish correction around the upper boundary of the channel, unless there is an upward break of the last high marked in red. 📉 BTC fell short of surpassing the previous minor high and, instead, was rejected at the upper bound of the...
This chart is to be looked at like an inquisition. You are the Grand inquisitor and Kenobi is Bitcoin . You simply track him to gauge possible future movements. Prices points and time lines are all hypothetical, but are based off past movements. This charts purpose is to get a greater perspective on where we are and where we might be going, seeing the big picture...
I do believe that the trend line we are currently on, eventually will break, but when? We are currently testing it with this drop in June of 2022. In my opinion if we break this trend line in the near future (RED) then we will obviously drop much lower possibly even breaking 10k. If not, I see either a retracement (BLUE) then dump and go lower. Or, hit new highs...
Hi fellow Traders and Investors I have already talked about this rare signal with you on the NVT HV. However the the direction is always last to print and has not been exposed until now. I had a bias to the pump side but with no proof, well now I have some confluence coupled with another rare buy signal. The one is on the BBWP (Bollinger band width percentile)....
Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use white lines to mark the local channel of the upward trend from which the BTC price broke down, while it is worth defining the local downward trend with the yellow line. Now we can move on to marking support areas in...
Coinbase is 30% up from last post of Head and Shoulders, I still expect some massive moves in 2024. Aside from balance sheet expected to show some positive, Crypto narrative behind traditional finance ETF approvals still strong.
Bitcoin has so far remarkably followed the fractal that followed the March 2020 COVID crash. Of course that was a pattern on the second phase of that Bull Cycle, whilst now (chart on the left) was the first rebound of the Bull Cycle. Nevertheless, the similarities are striking. Especially on the RSI's part. The 1D technical outlook is bullish (RSI = 60.001, MACD =...
Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point. The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its...
In yet first significant pullback since mid-October 2023, Bitcoin shed about 9% of its value in the past three days (with much of the decline coming overnight). In the process of doing so, it retraced almost to the 20-day SMA, which often coincides with corrections of the main trend. Despite that, there are a few developments that stand out to us. First, the RSI...
1INCH is still at the bottom and testing the top of the channel. If the price will break the channel, the price will go up. I marked 2 targets on the chart. The closest target is at $0.91 key level and the next target is $2. 💥 Is the altseason coming soon❓ like❤️ and follow