NoaTrader

NoaTrader Updated 

I Want to point out a few things about the last bitcoin's possible reversal point: 1- We had the highest volume on daily candle since 2023 with a bullish pin bar 2- The price rejection is from the previous cycle ATH around 19700$ which makes it an important level (Maybe the strongest support till 16000$) and also near the bottom of the ichimoku cloud Now, IF we...

NoaTrader Updated 

As you can see the main trend lines are on the chart. The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break. Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long. Green...

NoaTrader

There is a new bearish channel on the price movement. Important support and resistances around the price are on the chart. The low of the candle just touched top of the green ichimoku cloud. Till here everything seems bearish, BUT as the volume of such a dump is relatively low, it's a bit shady...

NoaTrader Updated 

Chart is simple. The latest bearish trendline and 23300$ resistance is broken with a good volume. DXY is at an important resistance. Good Risk to Reward for entering long considering 22700$ as the stop-loss and 25000$ as the target (or even higher!...).

NoaTrader

Hi, I want to point out a few Fibonacci retracement levels to consider in your analysis. Since Drawing different retracement on different time frames and different time zones and waves can give a better vision of the potential stronger and more important support and resistances. Here we start: 1- The Big Run on the Daily Chart: Bottom 3400 Till the ATH 69000 2-...

NoaTrader Updated 

Considering Bitcoin breaking the resistances, if it continues to move up, OP can follow its strong bullish trend and break 3.2$ and even go higher. Good risk to reward here for going long.

NoaTrader Updated 

Targets on the chart. 23300 was a resistance since the last dump and now price retested it as a support. The bearish trend line was already broken too. There is a good risk to reward ratio for entering long.

NoaTrader

We assume a spot market for this article purely on the result of TRADES' interaction with no market making effect from the broker or exchange. You can only profit from buying at a lower price and selling at a higher price. So, there is no short in here. And we assume that you already know the basics of market and limit orders. As you can see the table on the chart...

NoaTrader Updated 

Every time that price has hit the top the volume is getting lower and the high of the candle is lower too. this is not a good sign for breaking the resistance. On the other hand, the size of rejection after touching the resistance is getting lower and lower and that is a good sign for going up. If 25.2K is broken then it can go up to 28K; but at this moment as the...

NoaTrader

as you can see on the chart, the overall regression trend is upward but as the time goes further the buyers are less willing to pay higher price for bitcoin and that is the reason for a lower high and a lower volume at the top comparing to the last time price touching 25200$. Also, there are less sellers at the bottom, comparing the price and volume, BUT the...

NoaTrader

Good News is that the start of the recent trend is based on retesting the 15 months old bearish trend line which was broken sooner. BTC went up 18% in about 71 hours and then rejected from the 6 Months old resistance and came down 7% in 8 hours. Fibonacci levels are interesting to notice. Good news is that there is a bullish trend line acted as support each time...

NoaTrader

The bearish trend line from the ATH just got brokeand retested. This is a 460-day long trend line! Ma 50 and 200 golden cross happened. The slope of MA 200 is positive after a long time. Ichimoku Cloud is green, and the price is above it. Passing up 25K is hard but this maybe the last chance for buying in this price range... Those who still believe that bitcoin...

NoaTrader Updated 

Dollar Index got out of the bearish channel and retested the top line. But Bitcoin does not care! The fact that it is still above 24K after going up 10% despite the Dollar Index and NASDAQ, is a very strong bullish sign in my opinion. Support and resistance on the chart and market is neutral unless one of them is broken (Dah!). And there is a slight bearish trend...

NoaTrader Updated 

The reason that the recent movement did not have much volume on the chart is that there were no sell orders on the order book on the way up so most of the market orders were filled by soaking higher limit orders. According to the Binance's Order Book, two things to notice here is that: 1- There are more sell orders above 24900 which were not that much along the...

NoaTrader Updated 

It seems a bit hard to tell what happens next. Supports and Resistances are on the chart. 22K was a resistance but now it's a support. The bearish trend line ahead as a dynamic resistance. After that it will be hard to pass 22.3K. And then harder than that passing 22.5K. Although Bulls are trying to pass them in a sudden move, but they were not successful YET. Not...

NoaTrader Updated 

Mentioned eariler that this channel has good higher lowes slopes , indicating an srtong price action for going up. But a lot of sell orders are aggregated at 24000 and the Daily candle could not close above 23800. Watching Reds & Greens and betting on going higher.

NoaTrader Updated 

Since the DXY has reacted to the bearish trend line, and here NDX reacted to the bullish trend line, seems like good conditions for going up, at least till the last high. Let's see if CPI confirms this today or not.

NoaTrader Updated 

Until DXY is not moving we cannot say where BTC will go. It may be more probable that DXY goes up. On the other hand, there is a huge demand at BTC's 21400$ but if the price passes that next stop is hell...