If we look at the chart from the bigger picture view, you can see that since the 2020 run up, we've just been consolidating in a range between $16k-73k. Since price has tapped FWB:73K , we've been forming a series of lower highs and I think we're about to see a large move lower. The price action doesn't look bullish at all. Originally I was open to the idea...
see and watch :) After a long correction and a big GAP and consecutive red candles, the price finally hit a very good green candle and gave a buy signal... There is a possibility of forming a CUP pattern and reaching a price ceiling...
see and watch :) It is in a very good support range and has had a very good reaction... It seems that it will move towards the price ceiling from this range...
see and watch :) After reacting to the support range, the price is now at the bottom of the channel and it seems that it will move towards the top of the channel in the coming days and the story continues...
The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 63,306.68 1st Support: 59,404.42 1st Resistance: 67,571.87 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 CFDs may...
Hello Traders, In this video, I dive deep into the current market landscape, focusing on several key aspects that are crucial for developing our trading strategies. First, we'll discuss the CME Gap and explore how this gap might influence market movements. Next, we take a closer look at the trend direction and analyze how it has evolved in recent days and what...
Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BTC is breaking out from the ascending triangle pattern in 1hr time frame. We have an important resistance at the $60kk-$62k level. Once we break and close above this resistance level, expecting it to hit $70k soon. What are your thoughts on BTC's current price...
Bitcoin has broken its downward trendline in the 1-hour timeframe, indicating a relative return of buyer strength. This breakout could lead to liquidity accumulation at higher levels. Potential Scenarios: Rise to Around $61,000: After breaking the downward trendline, Bitcoin might move towards the $61,000 range. This level could act as a liquidity...
WIF has recently shown strong performance, rising over 65% from its bottom at $1.08. Currently, the price is pulling back towards a key support zone at $1.50, which also represents a significant psychological level and a potential demand zone. This pullback offers an opportunity to enter a trade, with the expectation of a bounce from support. Trade Plan: Entry:...
AIDOGE/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building...
Current Market Situation: Bitcoin (BTC) appears unstoppable as it heads towards the crucial $60,000 zone. No-Trade Zone: BTC remains in a no-trade zone, with potential triggers only occurring at key extremes. Key Levels to Watch: Upper Extreme: $60,000 Lower Extreme: $53,500 Trading Strategy: Wait for BTC to reach either the $60,000 upper extreme or the $53,500...
BINANCE:BTCUSDT (1W CHART) Technical Analysis Update Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000. If this reversal trend...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time traded in the range, where it fell to the resistance level, which coincided with the seller zone, and then rebounded up to the top part of the range. Then BTC turned around and dropped lower than the 66700 level, breaking it and some time traded...
In my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point. As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than...
CRYPTOCAP:BTC #BTC As expected broke below $56,557 support yesterday, currently back above it, $54,363 support held, Could put bullish engulfing on current 1D candle, approaching $58,290 test, RSI on 1D progressive since yesterday, also looks good on 4H. Nest key resistance at $60,629.
COINBASE:BTCUSD Bull Flag in Play: The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision. - Support and Resistance: - Support: The first target zone around $51,000 has been tested, providing immediate support. - Resistance: ...
COINBASE:BTCUSD Bull Flag in Play: The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision. - Support and Resistance: - Support: The first target zone around $51,000 has been tested, providing immediate support. - Resistance: ...
Bitcoin has corrected after a big rally. In such cases, after big rallies, you can look for sell/short positions in the premium areas of bearish waves or look for buy/long positions in fresh supports. We are looking for buy/long positions in the demand range. This is a new demand Closing a daily candle below the invalidation level will violate the...