After a strong reaction from the demand zone and a successful retest of $56k support zone confirmed by a daily close in green, we can more or less expect the price to go higher and start testing $67.5k supply area. If it is breached, the next zone would be $71.5k.
The chart you've shared for BTC/USDT on the 4-hour timeframe provides a detailed view of Bitcoin's price movement, resistance, and support levels, along with technical indicators such as the MACD and RSI. Here's an analysis based on the information from the chart: Current Situation Price Level: As of the latest data point, Bitcoin is trading at $59,578.58. Recent...
Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push...
CRYPTOCAP:BTC price action is printing a broadening Wedge! After Bitcoin hit a low of around the 48.9k region after it massively rejected the 60.5k area! Current price: 59,350 if price action is able to reclaim and close above the prime area of 60.5k then expect #btc to journey back to 72k. Also Expect #altcoin Explosion when this happens. Up Resistances from...
Latest update of my Bitcoin predictive model: in the coming months, BTC will make one last rise followed by a fall to the major pivot.
This is a really amazing example of fractal and autossimilarity in CRYPTOCAP:BTC On the panel above, a broadening downard formation in a 2 day timeframe, and on the panel below, the same broadening downward formation, but in the 3 hour timeframe This kind of pattern usually breaks out upward and the target is the height of pattern A increasing volume is...
6 1/2 years of a corrective cup formation for massive coin absorption in the market for the market makers. notice each low is holding in an upward support level and not fully reclaiming after each correction down. notice that the handle from the 2021 bull season trap at the highs was a corrective formation to build out the handle pullback. we are now forming...
Bitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) . I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks . Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (at least). Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do...
It would be relevant and popular to type a scenario called "if" with forecasts to buy, sell and hold in one article. However, I tend to be as objective and useful as possible, because I believe that if we hold and speculate on our popularity, this can continue until the last market maker is left without his commission and lead to a dead line of existentialism....
Descending Broadening Wedge Consolidation Continues..!! Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024. Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area. Bitcoin bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside...
Key Levels and Zones: - Monthly Open (MO): 64,601.8 USDT - Potential Resistance Level: 73,910.8 USDT (Upper bound of the blue shaded area) - Support Zone: Between ~48,000 USDT and ~51,000 USDT - Fair Value Gap/Mitigation (FVG/M): ~51,149.8 USDT (noted within the blue shaded area) - Previous Swing Low (Support): ~48,000 USDT - Previous Swing High (Resistance):...
I am still long Solana and various Solana related memes. 1. Crypto is absolutely insane. You have to be sized accordingly, just like everything else in trading/investing (ballz f*cking deep). I am watching the current intermediate downtrend for a break to the upside and another test of the upper high to high trendline. I think it breaks that in the coming weeks...
It's no secret, Ethereum has been struggling this Bullrun. Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors. The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the...
✅BITCOIN broke the key Horizontal level of 59000$ And the breakout is confirmed So we are bearish biased And we will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Market Context: BONK is experiencing a pullback after a strong recovery bounce. We anticipate the price to start filling the daily wick before making another move higher. Entry should be carefully timed to manage risk, with clear invalidation levels. Trade Setup: Entry: Ladder into the position between $0.00001714 and $0.00001661. Take Profit: First target:...
NASDAQ:RARE has broken through the golden zone on the weekly. Will we see .2?
Bitcoin is currently targeting the $44,000 level, a key area where multiple former support lines converge and where the 1.618 fibonacci retracement target is. This level also aligns with the potential completion of Elliott Wave 4, setting the stage for a possible upward push. The recent Death Cross—where the 50-day moving average crosses below the 200-day moving...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where at once fell to resistance level and soon broke it. After this, price declined to support line and then exited from falling channel and fell lower even $54500 level. Then BTC entered to pennant, where it...