Last weeks high: $70,207.85 Last weeks low: $65,079.20 Midpoint: $7,643.52 Bitcoin over the last week is in a clear downtrend, despite midweek volatility caused by the CPI & FOMC news events. The results of those news events overall were positive and we saw the reaction of that with a move from 0.25 level to range high. Yet price rejected yet again from the '21...
After the CPI data released by the Labor Department last week showed that inflationary pressures further eased in May, BTC and US stocks rebounded significantly, covering the decline caused by the previous employment data. However, in the subsequent FOMC, the dot plot showed that the median number of interest rate cuts this year was one, which was lower than the...
Continuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads...
Do you know why Bitcoin isn't go up in the most bullish possible because so many traders have opened long positions that if this happens, the exchanges will lose a lot of money. The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Traders, if you liked...
This is Hex, on ethereum, in it's entriety. This is not a prediction. As in, I Believe this will happen, with massive conviction. But do I believe, it has a chance, of occurring? Absolutely! Richard pre loaded the HEX launch with 25 thousand followers. And hours of streaming on youtube. 5 thousand got into HEX around the launch. There are literally...
#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is getting a good bounce from this support level. Here it has Maximum chances we can see gain upto 100Pips soon. Keep in touch we will update further soon.
👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true...
Hey team hope you Allam are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is making bullish pennant and almost ready for breakout. After this breakout we can see again upto 100Pips+ soon ✍
CRYPTOCAP:BTC #BTC Broke below $66,323 key support as expected, currently testing $65,073-$65,521 area. RSi on 1D dropping, $64,344 next key support from here to watch as of now, Previous daily close showed some strength, $68,546 support much needed. Watch Given S/R
BTC/USD has broken out of thee support level which is an overlap support an could fall to our take profit. Entry: 65,131.25 Why we like it: There is an overlap support level. Stop loss: 67,294.57 Why we like it: There is an overlap resistance level. Take profit: 63,099.45 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci...
#FXSUSDT(Update) Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze FXSUSDT today. Descending Channel Formation in 1D time frame. Incase of Successfull Breakout Expecting Massive Bullish wave📈🚀
#XRPUSDT(Update) Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze XRPUSDT today. XRP is Ready to Breakout the pattern in Daily time frame. Expecting Massive Bullish wave📈🚀
Updated Bitcoin scenario - mapped with new, extended timeframe. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend. Several elements support this structure are worth noting: - The distribution phase is occurring just above the previous all-time high (ATH). - This potential top is showing a monthly bearish...
Well, I finally got in to something else in addition to BTC. Any way, bull flag + destined to hit downward trendline AND don't forget about yada yada catalysts. Let's see how this trade goes. I technically started at 145 but average is 161 now. I plan to ride it as long as it's trading above 21 week MA now.
#UNFIUSDT (Update) Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about UNFI. UNFI breakout done. We can see gain upto 60%+ soon ✍
Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) . I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time...
This is an idea I had posted about a while back that is starting to play out. Now that we have a full picture, it's pretty safe to say that this is a macro distribution. The weekly & monthly TD sequential have both printed 789, which also marked the macro top last cycle. As much as it pains me to consider this possibility, this bull run may get cut short if this plays out
🔍 Let's dive into today's analysis. The market shows a bearish momentum, and the coin we are analyzing today has the potential for a sharp drop in the 4-hour timeframe. Bitcoin Analysis 📉 Starting with Bitcoin in the 1-hour timeframe, the support level discussed yesterday has been broken. The price has now reached the trigger at 65197 and may start correcting and...