Trading suggestion: There is a possibility of temporary retracement to the suggested support line (48280. 40 ). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Very clean & clear price action here on BITCOIN, as price is following a solid uptrend making higher highs & lows. Price has made a new higher low correction into the demand zone at $43,500. Yesterday, price formed a hammer candlestick on the demand zone & today a "Bullish Engulfing" candlestick has occurred, showing a shift back into bullish momentum & volume. I...
I charted this about a week ago. I intended to follow energies with the triangles and found their intersections on the downward slope to be a little kooky at first. I added the stair pattern after the second peak on the downslope , copied the lines and pasted them in mirror , ie 1 2 3 4 4 3 2 1, and everything lined up really well. Now you will notice that for...
Gold has been in a channel since august 2020. If we look at it from a higher timeframe, we can see that in the big scheme of things, it is just another correction. The key area to look at is the 1700 mark where we can see: - Channel Support - Fibonacci - Major Trendline Support If you like my charts and want to learn more, click the links below. Goodluck and...
The BTCUSD/XAUUSD chart shows in two dimension, the three dimensional relationship between the USD, Bitcoin and Gold. Some interesting relationships appear... Note that there are times when BTC increases whe Gold stagnates. There are peaks and during these times, the bitcoin acceleration is massive. Then comes the technical indicators where it comes down... and...
Here's a brief overview of Bitcoin. It may be setting up for another leg up. Watch for corrective move back to the trendline. See linked chart for previous bitcoin analysis.
Hello TradingView Family, hope you all had an amazing weekend and ready for the upcoming trading week. The latest Bitcoin impulse reminds me of the previous one from 8k to 40k. Step 1: BTC broke two key rejection zones in a row, the 20k and 30k to finally find resistance around the 40k. Step 2: then we had a deep retest/correction till around 30k before...
In the heat of the moment, bitcoin can often seem confusing but when you take a step back (go to a bigger timeframe) bitcoin seems to be making clear moves, which can help us understand what might be next. When price breaks out of a correction, it often retraces back to the point of breakout for a retest before resuming it's trend. It just so happens that the...
Which condition may occur? You say The chart is in 4-hour mode
This morning's dip probably scared some people but I think it's a healthy small correction. It looks like a retest of the previous rising wedge that has been forming for two months and ETH has rejected it for now. Good news coming along is definitely helping it. Now, the next level seems to be the 1.618 FIB retracement relative to the Jan 2018 ATH, that's if, of...
BTC / USD pair printing perfect bull flag.
we still see the price up the value so we expecting good correction before bullish again just keep in eye the value area movement as shown on the chart
Ascending triangle is forming on the 4h chart as you all see. Could there be a potential break to the upside soon? Way above ATHs?
From the previous analysis, we can see that price has reversed from the area marked out. For day traders, the previous level would be the first target.
Here's A Weekly Fractal Pattern Measured From Exactly 19 Years Ago to the Pits of 2008. If History Ever Repeated Itself, The Next 2 Months + Could Be Real Nice For The Blockchain As The Value Of The Dollar & Crypto Cap Move In Conjunction As Similar Polarities Repelling Each Other. To Make It Simple, Dollar Up = Crypto Down And Vice Versa; Crypto Up = Dollar...
I have been asked about Bitcoin a fair amount in recent weeks. My first investment in Bitcoin was around $11, If I am honest I wish I had held on to them (not worth thinking about) But back then the Technology was interesting and the investment was worth a shot. Obviously, it paid off and an early exit was regretted. In 2017 our company started investing in...
BTC currently stuck in a triangle. Watch the bottom for a buy and hold. Let me know if you would like more crypto ideas. Trade safe