Simplistic title over a matter as complicated and important as the upcoming U.S. Presidential Elections this November, but completely true in terms of pragmatism. As this straightforward 1W chart shows, Bitcoin (BTCUSD) isn't just bulletproof when it comes to the elections but in fact it gains extreme buying momentum irrespectively of the winner (Democrat or...
Bitcoin rallied off the mid 50Ks as per my illustration in my previous article and has tested the 64K resistance area. Reacting to levels within a range is typical and in these cases it is important to pay close attention to the short term price structure and relative support/resistance levels. While NOTHING works 100% of the time, this technique is how I am able...
1. 0 Fibonacci Level (support): The price has frequently touched the 0 level, indicating strong support. Notice that Bitcoin bounced off this level in late June and mid-August, showing resilience. This suggests that buyers step in heavily around these points, preventing further downward movement. 2. 1 Fibonacci Level (resistance): Similarly, Bitcoin hit the 1...
Dominic, hello everyone! Today, Bitcoin continues to maintain stability at high levels, with the resistance at $65,000 still unable to be overcome. Currently, the coin is hovering around $63,435, down 0.2% on the day. However, BTC still retains its appeal, as the uptrend is still in place across all timeframes. Furthermore, in the short term, BTC also receives...
Gartley Pattern: This updated chart seems to continue the earlier observed structure, resembling a Gartley pattern. The key points in the structure are: 1. X to A: The steep uptrend from February to the peak around April/May, marking the first major leg of the pattern. 2. A to B: A decline starting from May to around June, signifying the downward retracement...
Gartley Pattern Analysis: The structure on the chart resembles a bullish Gartley pattern, particularly the W-shape. A Gartley pattern generally starts with a sharp movement (X to A), followed by three price swings (A to B, B to C, C to D) which often retrace at specific Fibonacci levels. Here's how it lines up: 1. X to A: The first downward leg, where the price...
Key Observations: 1. Price Level: Bitcoin is currently trading at $62,913, according to the chart. 2. Fibonacci Levels: 0.236: Around the $65,000 range, which has acted as a minor resistance. The price failed to break above this level multiple times after touching it. 0.382: Located near $60,000, which appears to have served as support in recent movements. It...
Price of BTC missed our original buy zone by a FEW PIPS which was annoying. But it's fine, because it means price is still heading in our overall direction which is to the upside. I have readjusted my wave count, now looking for a SUB-WAVE retracement into this new grey, supply zone. Once price taps in and ONLY if I see a clear 3 sub-wave (A,B,C) move, I will...
Hello everyone! Overall, BTC is experiencing its third consecutive day of correction, currently trading around 63,100 USD, down 0.34% for the day. According to the short-term technical outlook, the bearish trend appears to be in control but is not a cause for concern. On the other hand, the parallel bullish trend remains intact without any significant breaches....
GM crypto bro's, let’s start today’s market update with the Fear and Greed Index still in the neutral zone at 54, while the stoch RSI remains in the overbought area. BTC has risen quite high to the 64K range, so it's normal to expect a small correction today. The potential correction range is still the same as I mentioned in the previous updates, around 61K -...
BTC is now tapping on old resistance that now is know as a support, sellers pressures are so soft and i think candles are showing oversold shows taht signals us a bullish move is on the way
BTC is anticipating a slight downside correction, with a target of $58,000, before breaking above the $64,200 price range from a technical perspective. The $64,200 price level is a key milestone for the Bears to maintain control. In case the $64,200 level is broken, reaching the $68,200 levels or setting a new high further will be relatively easy. The buy dip...
Hello everyone! What’s your take—should we be buying or selling BTCUSD right now? Currently, BTCUSD is seeing a slight pullback, but it remains on a short-term uptrend after breaking through the recent resistance at $63,800. My strategy: After careful observation, I’m leaning towards continuing to buy, as strong support has been established with price repeatedly...
Hello,Traders! BITCOIN went up sharply Just as I predicted but the Coin has reached a horizontal Resistance level of 65,000$ From where we will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Turkish lira is a prime example why BTC can help safeguard against global fiat currency inflation. While BTC is up around 600% versus the dollar since 2020, it's up over 4,000% against the lira!
✅BITCOIN has been growing recently And the coin seems locally overbought So as the pair is approaching a horizontal resistance of 65k$ Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
As banal as it sounds Fractal analysis, an update to my previous chart. Let's try this. imgur.com
GM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains in the neutral zone, sitting at 54. Overall, today's market update is pretty much the same as yesterday. The next potential target for BTC is still 65K - 66K. Keep in mind, the market is dynamic—don’t get FOMO, and always be cautious of potential corrections because anything can...