If we take a look at previous 2 notable cycles we easily notice similarities. From these 2, 2022-2024 looks more similar to 2016-2017, as long as we had - Breakout of downtrend line. ✅ Reaccumulation zone. ✅ Testing major bear market impulse (Which in all cases became strong resistance). ✅ What we didn't experience is correction after these 3 moves. In...
CPI headline inflation come in higher than previous so expect another rate hike. When the institutions step in with their ETF money expect them to gab all the liquidity from prior month lows to bring price into discount because that it there angle. prices should come down into these discounted Arrays for buys in line with bitcoin halving this summer or...
After carefully examining the 4-hour chart, it is evident that BTC has encountered a strong resistance level, accompanied by a gain of over 5%. This presents an ideal moment to take a short position. BTC CME also shows resistance on the 4 hourly chart clearly below: Our first target stands at $26,000, while our second target is set at $16,000. With these...
📊Analysis by AhmadArz: this chart in bear trend for mid-term but getting open short-term long. 🔍Entry: 40566 🛑Stop Loss: 39472 🎯Take Profit: 41436 - 42886 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost...
Bitcoin Update The current upward movement indicates a return to the established price range. To reinforce this trend, weekend trading activity should remain within this range, ideally above the lower boundary. This finding is critical to maintaining positive market dynamics.
The cryptocurrency trend was slightly positive over the past 24 hours, as some investors took new positions following the past two weeks of sell off. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Polygon and Chainlink, while the other crypto coins followed by ATTMO will face bearish...
In my evaluation of BTC using Elliott Wave analysis, I've observed that following its peak in 2021, BTC underwent a significant correction on a larger timeframe. This correction could manifest as either a flat corrective pattern or an extended wave B. Presently, we find ourselves within sub wave C of the overarching wave B, specifically in wave 4 of sub wave...
Sharing this update from Jan 23rd with the community here "Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now. Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm. The next support target is at ±36k (38.5k was hit), followed by ±34.3k The main target is at...
BTC has traded into a key resistance level in a bearish trend on the 4H. I'm short on the fibo retrace. Not financial advise.
Following nearly two weeks of corrections, cryptocurrencies rebounded over the past 24 hours with Solana up 3.3 percent at 87.17 dollars and Polkadot up 2 percent at 6.45 dollars. Upside potential ahead as a bullish sun shines over a large part of the global crypto market in the next 24 hours, including Bitcoin and Ether. The price of Bitcoin added 0.4 percent to...
BTC's daily close was at $39.5k, which is not a good sign, to be honest. BTC was expected to hold this level to remain bullish, but the weekly chart tells a different story. Now, the next move is anticipated to be a further drop toward the $37k level. How I wish BTC could turn this daily close into a fakedown and bounce back to $44k, LOL! Our strategy remains the...
CRYPTOCAP:BTC #BTC Bitcoin has left EQ Highs and EQ Lows which ever one gets hit first at the minute it's the high they are aiming for unless the orderflow changes the lows will be next! We need to defend the low we made if it's broken then BTC could come down to around 37438 area to clear out these FVGs! There is tons of liquidity around $42,000 now so I do...
Appears to have completed wave 3 of 3 now in 4 of HTF 3 with a ST target of $43-$45K as wave B of sub wave 4 . Then we finish the entire move around $35,000 Feb next month hitting the 50% retracement level of the 3. Which is a typical zig zag retrace level target.
I'm Waiting for BTC to break that resistance and re test that level for entering a log position I'm Buying @39516.84 SL : 39059.62 TP 1: 40350.87 TP 2: 41219.38
BTC / USDT IN ST frames we can see a falling wedge pattern and 2 main levels 40k - 42k BTC is testing these levels as resistance now Either we see a rejection here and further drop Or re-claim of the broken suppprts (stability above 42k ) for pump higher If you want a new safe entry wait for the reaction here first … reclaim the broken supports or...
There are two scenarios for Bitcoin in the short term : 1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k 2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k The most important area is 45600 which is the midline of the ascending...
Expired BTC.USD Weekly outlook. 4th WK JAN 2024 > BEARISH 📉 CORRECT Closed Price: 41,245 Target Price: 40,753 | Strike Price: 38,505 JAN23 24' Upper Range: 42,708 Lower Range: 38,798
the following fibonacci levels are the most relevant support zones as long as the short-term high is 49k. What happens after an impulse wave has touched the golden pocket is a complete correction to the 0.38 - 0.61 - 078 zone. following this idea, the next level 0.38 with a POC, is a good area for a temporary rebound or trend continuation.