Where is Bitcoin Going? Bias: Neutral Key support: 58k Key resistance: 64k I decided to show you guys a different chart this time. Bitcoin is found in an expanding triangle which has captured the price since March. Until Bitcoin breaks this formation, we cannot really turn bullish or bearish. We're in neutral territory over here. On my side, I will...
This formation could also be called an expanding triangle according to Peter L Brandt. First trendline touched. Until the price exits this formation we don't know where Bitcoin is headed. Exercise patience as the price action develops.
Recently, I got into several conversations and realized that many put a lot of faith into altcoins when there's ample evidence that points in the other direction. Take for example Cosmos or ATOM. One of the most promising ecosystems in the last crypto cycle. Flagship projects include Osmosis or Kujira. Most recently, Kujira imploded as an ecosystem when it was...
Bitcoin at Crossroads! > Bias: Neutral > Key support: 58k > Key resistance: 64k Woops, we lost 64k AGAIN. That is usually translated as weakness. So we're back in this odd range where anything can happen. Not great, not terrible. What can we do next? Wait for Monday! You see, stock markets just nuked, Warren Buffet sold $50 billions of Apple stock. Do...
Bias: Bullish Key support: 64k Key resistance: 74k We got a good scare yesterday when BTC's price fell under 64k. However, today, it's back above this key level. As long as Bitcoin sits above 64k I am bullish. But not all is good on the stock market. Japan's Nikkei dropped 6% today, worst drop since 2020. Looks like the increase in interest rates by Bank of...
STX is approaching ATH levels, but this can go higher. Every time BTC pumps, STX pumps twice as much. BTC Layer-2 solutions will thrive in this market and STX proves it. Watch the $3.2 level, if that falls, expect new highs with $6 to $9 as a key range for this rally. Good to take profits around there in my opinion. Follow for more TA and check out my...
Bitcoin continues to make new highs. Stop overthinking things. The ETFs are making the price move up faster. It's like adding an afterburner to Bitcoin's rocket. Every day the ETFs close net positive, the afterburner adds more thrust to this rocket. Don't short it. I expanded on that in my latest newsletter, check out my site - links below. Like and follow...
Bias: Bullish Key support: 48k Key resistance: 58k, 69k (ATH) Bitcoin broke above 50k and made a new high in 2024! In the process, it turned the resistance at 48k into a key support after a successful re-test last night. Next targets are 58k and 69k ,with the latter being the ATH. This price action is making even the most optimist bull look conservative....
🚨 Bitcoin reached $47,000! In my December alpha post I said: "Use this pennant to guide your analysis. Price breaks above it? Buy the breakout. Price breaks below it? Buy the discounts." Seems market has decided. UP ONLY! 🚀 More free alpha if you follow me, see links below. Enjoy!
Bitcoin broke two key levels since early November: 36k 42k The next key level is at 48k. This moves surprised many as Bitcoin entered its 8th consecutive weekly candle to be in green... WOW This is RARE. I don't know when BTC will take a break, but it would be a good to consolidate these recent gains. In a bull market, BTC can retrace between 20-30%....
The altcoin total market cap just broke from a 2 YEAR CONSOLIDATION!!! This is HUGE. Altcoins should fly soon once BTC decides to take a break and range... Market is getting super bullish before the end of the year and this breakout from BTC surprised many. Time is running out to get a good entry. FOMO is starting to take over. People had two years to buy...
🚨 A massive move expected on #Bitcoin Ascending triangle detected. Once the price break this formation we will know where BTC goes next. High timeframes remain bullish, but on daily the MACD did a bearish cross. Pull back and then pump? Or we FOMO above 36k? Like and follow for more!
Kujira seems to have no stop. The only level worth attention is $2 where the price may finally find its destination, at least for now. Sellers could come strong there and push the price into a correction. Bias remains bullish until there. Kuji is one of the gems of the coming bull market. A price in double digits is possible. Either way, secure profits on...
The resistance at $1.3T won't hold for long now. Once broken, this market will pump hard until around $1.6T. This level also coincides with BTC resistance at 36k. This would mean BTC will reach 40k or more. Unless sellers return here soon, bias remains bullish. Price action is bullish and so is the momentum. Get ready! Like and follow for more TA!
Anyone know? Lovely breakout from this bullish wedge. Price needs to make a higher high and then it's game on. Enjoy the gains. Like and follow for more TA!
🚨 Ladies and gentlemen, we're on the brink of a new bull market. There is nothing anyone can do to stop this. #Bitcoin has delivered once again. Expect a breakout and re-test of the $1.3T level as support, then moon. A rejection here is unlikely. Enjoy the ride. Like and follow for more ideas!
The price of #Bitcoin is stuck in this channel. The trend is flat and until #BTC breaks away from this range I don't see much happening, especially on a weekend. This is also quite choppy, so trading here is not recommended. #BTCUSD Bias is neutral here. Like and follow if you liked this idea!
Rune is on a clear trajectory to reach $3. I don't see any big resistance until there. Buyers are dominating and sellers may only return once the key resistance is it. Bias is bullish on this price action. Like and follow for more ideas!