In my personal opinion, the price of BTC has failed to increase following the appearance of a strong bullish candle as indicated on the chart. Moreover, selling pressure has resurfaced, raising the likelihood of a substantial decline in Bitcoin's value in the upcoming days.
If you enjoy this analysis, please like and follow. Intro: History has taught us that while events may not play out in the exact same fashion every time, they do tend to follow similar patterns. With Bitcoin, these patterns are particularly evident. This repeated pattern hints that big changes might be coming in the market. Bitcoin's Five Phases: Looking at...
Ethereum (ETHUSD) hit last week both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line), for the first time since the week of March 13 and March 06 respectively. It did manage to close the 1W candle above both and as long as it does, it will be a bullish signal, targeting 2030 (Resistance 1). If it closes a 1W candle below them (primarily the 1W...
CRYPTOCAP:ETH bounced off the support level. Bullish movement to resistance level at $1814 is expected to happen
The Total Market Cap , BTC and Altcoin Market appear to be breaking out of crucial long-term levels. Certain market conditions have to be met for either a bull-run trigger or bear-cycle continuation, based on the degree of economic stability and certainty in it. I'm going to discuss critical technical levels and their implications, as well as my ...
If you enjoy this analysis, please like and follow. Ever since BTC fell through the 2023 bull-market support line, things area looking bad for the market. I've made several bearish bets recently, which have been playing out great. Some investors like to flip-flop their bias constantly, but it's much more beneficial to approach the market from a IF-THEN...
General Market update focusing on Bitcoin. Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity. The SP500 and the Nasdaq are still rallying and have the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. DAILY: Left Chart After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650. H4: Right Chart ETH is now stuck inside a range. 📈 For the bulls to take over again, and reject the daily support, we need an H4...
Ethereum analysis in one hour time frame It has reached a good buying area and according to the chart we have a declining triangle and a good support level. If you see the confirmation candle, you can apply for a long position similar to the offer.
The Bitcoin price doesn't have enough momentum to rise unless it falls further and attracts whales and buyers. It's likely that BTCUSDT will continue to decline and trade within a range in the coming weeks.
If US dips into publicly acknowledged recession in Q3, we might see crypto correction, as a benchmark - BTC to 12000 in autumn. I see this as an ultimate buying opportunity. Pros: recession is likely to happen crypto needs much more accumulation for a good bullrun than it has now I can't see a real bullrun without Fed pivot, only BTC/LTC/ETH speculations...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. This puts the Uptrend at risk. Near-term, price is very oversold (RSI ~ 22). Hence, we’re likely to see a bounce up near-term. If it regains the 200-day MA, that could signal uptrend...
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Ethereum's price chart, spanning the $1600 to $1700 range, encounters several dynamic and static resistance points, creating the potential for a range-bound trend within these levels. Furthermore, within shorter timeframes, Ethereum's current trend oscillates between $1690 and $1650. A substantial breakout from this price channel could potentially trigger a...
Few weeks have passed since I did my last Weekend Technical Analysis Fiesta. Seeing how the market finally saw some volatility, it's a perfect moment to do another. My short-term view on the markets BTC has fallen through the main bullish support which held the upward trend going all year. Considering we're coming out of a very long period of low volatility and...
Volume plays a crucial role in trading cryptocurrencies and other financial markets. Volume refers to the number of assets bought or sold during a specific period of time. It's a key indicator of liquidity and investor interest in the market. Here's how volume works, how it can influence price, and what it can tell us before it happens: Function of...
If you enjoy this analysis, please like and follow. I've been quite bearish over the last few weeks. I noted that volatility was extremely low and that the odds were more in favor of a bearish move as opposed to a bullish one. In the short-term, statistics are more in favor of a bullish bounce, as opposed to a continued sell-off. The daily RSI value (measuring...
Chance of $KAS reaching a peak by early 2024 if these fractals continue to play out