Classic flag pattern here in confluence with Fibonacci Levels As another confirmation of trend, we have a beautiful Cup&Handle happening too
BTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from...
Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 61,195.24 1st Support: 59,371.23 1st Resistance: 64,371.87 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you...
Good Evening and I hope you are well. tl;dr Bitcoin - I said if bulls get above 61500, they are favored for 64000+. High of the day was 63848. Next target for them is 65000 and if bears fail there, we will see 67000/68000 again. Right now it’s still a triangle on the daily chart and bulls had 3 pushes up. Slightly favoring the bears if they come around tomorrow...
Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what...
looking at this chart we are trading in a channel or a bullflag like most of you call it. Targeting here new ath near 90 000 US dollars
Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving...
The FWB:65K area has been a rejection point twice already for BTC, so an opportunity for a scalp back down to the breakout area is possible. However I would trade with caution as we're into the window for the beginning of the bull run so wouldn't be surprised if price just runs. If this marks the beginning of the bull run I'd recommend all shorting option...
Why would bitcoin 3x plus within a year? Here is why: 1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment 2. 6 month bull flag. Price is...
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I'm publishing this in advance because I have a schedule. The content below is the explanation part necessary for understanding the chart. Therefore, you don't necessarily have to read it, but...
Key Developments: BTC has broken through the major resistance zone at $60K. Strong buyer demand is expected to continue, especially after the rate cuts decision. Altcoin Strength: While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally. Market Outlook: The breakout signals potential continued...
Market Context: FTM is attempting to retest the critical $0.61 level, displaying strong relative strength in the market. This is an opportunity to bid on that strength. Trade Setup: Entry: Long spot position at $0.61. Take Profit: First target: $0.68 Second target: $0.75 Stop Loss: $0.57 📊 This setup focuses on capitalizing on FTM's strength with well-defined...
We’re seeing a major downtrend line forming since July 29th. A breakout from this trendline could trigger a solid price pump. There are also reversion zones overhead that might get filled during the breakout. Reversion zones: 1st zone: 59.328 2nd zone: 61.624 👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some...
BINANCE:BTCUSDT Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone. Analysis Summary: Current Situation: Bitcoin is struggling to...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after...
Morning folks, So, 57.40 K-support worked well, together with our H&S pattern in a whole. Fed decision should have moderately positive effect on BTC. Technically, bullish context also holds. Now 57.40 area is becoming our invalidation point. Next upside target stands around 65-65.5K top, based on our H&S pattern. For next long position, 60-60.5K support looks...
This analysis is an update of the analysis you see in the "Related Ideas" section It looks like the symmetrical is over and we are in a new pattern or wave X We specified the main supply on the chart. We are looking for sell/short positions in this range. Closing a daily candle above the invalidation level will violate the analysis For risk management, please...
From where we put the red arrow on the chart, it looks like a symmetrical (corrective) pattern is formed on the chart. According to the waves, it seems that we are in the last wave of this symmetry (wave i). We expect an upward price rejection from the green range. Most likely, this bullish movement will be an x wave, which means that it will not be a...