The aftermath of Bitcoin's recent halving event has ushered in a new era of uncertainty and opportunity for miners, as they grapple with escalating mining costs and shifting market dynamics. With the hash power required to produce one Bitcoin ( CRYPTOCAP:BTC ) per day surpassing unprecedented levels, miners face a daunting reality characterized by shrinking profit...
** CRYPTOCAP:BTC performed Falling wedge in 2hr TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. -...
Hello! The current BTC price is below $63,000. However, I believe Bitcoin is capable of reaching the six-figure area sometime in May. However, anything over $100,000 can be a nice addition. Then I will expect a more serious correction. "Be greedy when others are afraid..." 🚀🌕 Regards!
Bitcoin is still in its correction phase after being confirmed with the pennant pattern break and is currently in a downtrend channel on the 4h timeframe. The next target is to March 2024 low at area 57k and its final target is into the lower of the channel at a major demand support zone at area 50-52k.
This is my prediction. Bitcoin will hit 80K + by June 10th 2024. 90K Possible also.
- crypto hype at its peak (euphoria) - F&G index in extreme greed - new ATH announced in mainstream media - too many winners in the market for months - vertical price rise since 40K - momentum indicators in overbought zone for weeks - several bearish divergences in TF4h - downward trend in recent days - the price action has broken its bullish oblique - the renewed...
Teter dominance analysis in 4-hour and daily time frames Since the Dominance Tether image of Bitcoin moves, we can get an overview of the market movements by analyzing the Dominance Tether
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago reached the 68800 level, which coincided with the seller zone and soon broke it, after which continued to move up. Later, the price rose to the resistance line and then at once made a downward impulse to the support line, which coincided with...
Daily and 4-hour time frame bitcoin analysis In this video, we provided a comprehensive analysis of Bitcoin.
BTC hitting the zone as we have mentioned in the last post, for further price action we will try to record a video. Stay tuned
This is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H:...
This is a small time frame update with the possibility we are going to see BTC soon to $68 BTC should hold the 61K level with confirmation. For day traders , BTC can change more times per day per time frame up and down. This update is more for trend choice trend. This update is a trend view and finance advice.
According to the previous analysis presented, a three-wave cycle moved up to the Fibo 100 area, which was met with supply after the completion of the rising leg C in the area, and now it has made a three-wave correction to the Fibo 0.78 area. 💎 There are currently two PRZ zones for a climb up to the corrective B wave supply zone. 💎 If it breaks PRZ-1, according to...
Marathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move...
In the daily and weekly time, it has been moving in a medium-term ascending channel, which has encountered a corrective structure after meeting the daily resistance. 💎 According to the type of correction behavior and structure that can be seen in the daily chart, a three-wave correction has been done up to the specified area. 💎 In the first scenario, according to...
🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a ...
- A bit messy graph. - Some peoples will get it and some not. - in matter of time and fibo analysis. - More will BTC take time to go up. - More BTC price will go higher. - in simple words, if u compare the 2015 bullrun and 2018 : - 2015 was 1055 days ( around..) - 2018 was 820 Days ( excluding the bouble top) - Nothing much to deduct from that, but 2 scenarios...
Bitcoin is currently hovering around $62,850. If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000. The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000. DYOR before trading and investing!