The PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal...
Will BTC undergo a sharp correction after the distribution in the summer of 2019?
Will CRYPTOCAP:BTC undergo a sharp correction after the distribution in the summer of 2019?
Continuing the Bitcoin analysis, we observed that the price managed to reach $63,400 and the red supply zone. My analysis suggests that the price may oscillate between these two supply and demand zones, specifically between $59,100 and $63,365. I will monitor the price, and whichever zone is broken, I will enter a trade in that direction with the take profit (TP)...
In the previous analysis we identified a bearish triangle for BTC. This triangle is still standing and only the D and E wave ranges have moved slightly. It can move down from the red range. We are still bearish on Bitcoin. Closing a daily candle above the invalidation level will violate this analysis. invalidation level : 69400$ For risk management, please...
BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800 The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this...
Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 62,155.46 1st Support: 61,130.39 1st Resistance: 63,578.50 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
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Long-term Fibo channel is clear here! There might be a reversal Regarding the mid-term channel a bearish trendline is broken A new short-term channel which is tradable could be formed. Short-term traders could take profit around the zone. But I think we should hold out cryptos till January. read the related ideas see my reasons for that
Hello. BINANCE:BTCUSDT Do you know why Bitcoin isn't go up in the most bullish possible because so many traders have opened long positions that if this happens, the exchanges will lose a lot of money. The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th...
Hello,Traders! BITCOIN made a bullish Rebound from the long-term Rising support and we are now Seeing a bullish breakout of The resistance cluster of The falling and horizontal Resistance around 62k$ So we are locally bullish Biased and we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth. On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance,...
BTC did break down in the last hours, but it is holding still the cycle trend. BTC has still a high chance to return from this point trend of 60K to a level of 65K BTC has many corrections on the way, and BTC was able to recover every time again. sometimes it's better for BTC to get a correction to have a strong volume for an uptrend. WE have seen last weeks BTC...
Good Morning!!! CRYPTOCAP:BTC is still in a range. It is currently higher from repurchase but not it is not going up in strength, trading this portion unless we see a change. What is needed to turn fully bullish on #BTC? RSI over 50, which is the orange arrow. $ flow positive trend, which is the grey arrow. #Bitcoin has 2 more weeks before the 6 month, 2nd...
Around this time last year (see chart below), we analyzed yet again the similarities of Bitcoin's (BTCUSD) current Cycle with the one in 2014 - 2017. In fact we were among the fist channels in late 2022 to bring that up as a strong possibility and as you can see Bitcoin didn't fail to deliver: We have entered however a stage where, as the title says, people...
Bitcoin formed an inverted cup & handle formation and broke its neckline on a daily time frame. Such a violation is a confirmed Change of Character (CHoCH) and indicates a local bullish reversal. The market may start recovering and reach 65000 level soon. ❤️Please, support my work with like, thank you!❤️
Bitcoin is currently in a strong downtrend on the 4-hour timeframe, consistently declining over the mid-term. It's positioned within a robust and long-term descending channel, continuing its downward movement. As long as Bitcoin stays within this channel without breaking upwards, the market sentiment remains bearish. A trend reversal is only likely if Bitcoin...
if we lost some marketcap on btc we can see btc price on 51000$ so this level is important