50sma is about to cross the 100sma which is very bullish. Price is currently holding over macro descending resistance. I expect a very minor pullback and a lot more bullish action. The daily chart still has a lot of room. Not financial advice. Do your own DD. Thanks for looking at the idea.
✅BITCOIN is retesting a key resistance level of 66,5K$ So I think that the coin will make a pullback And go down to retest the demand level below at 64,9K$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Here , about 1 week ago, I announced that Bitcoin will meet the resistance of 65800 and after that we have to wait for the price reaction. Now that we have reached here, it can be predicted that if 66,500 is broken, the upward trend will continue and we will see the short-term goals of 77,000 and 95,000. In case of correction, the support of 59,000 is very...
Getting the WOW IDEA now as it seem following the previous chart published. Refer to previous post and its update chart at the bottom comment.
A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts. The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of...
Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke...
hello guys. actually, btc surprised me! Hunting Level Rejection: Bitcoin has reached the hunting level (around $65,100), showing signs of resistance and potential reversal. The price briefly spiked into this level but faced rejection, signaling exhaustion in buying pressure. Bearish Engulfing Potential: If the price fails to hold the current level and shows...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a few moments ago entered a downward pennant, where it soon declined to the resistance level, which coincided with the seller zone and broke it. Then the price dropped to the support level, and even later entered the buyer zone, where it reached the...
MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has experienced a massive surge in its stock price, climbing 15.9% on Friday's market trading and an additional 5% during Monday's premarket session. The stock broke out of a rectangular chart pattern, signaling a bullish move that could potentially lead to new all-time highs. This explosive growth is underpinned by the...
- History tends to repeat itself. - The maximum could reach around 250k. - The minimum could drop to about 40k. - Remember, the longer it takes, the higher we could go. - The graphic is straightforward as usual; just track "colors", "bubbles" and "trends." - Keep in mind, while the future is uncertain, we can still speculate. Happy Tr4Ding
Morning folks, So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target. On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry. It is just unclear in what manner the pullback happens. Big reverse...
- i wanted to make this chart for long but i had to wait some confirmations, because i took an higher TF. - Right now is really interesting to compare the dot-com bubble burst in 2000 versus the actual situation. - like always i won't talk too much about FA because everything can happen in our world : - Aliens destroy us. - Putin push the red button. -...
As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap . Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) . I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) . ⚠️Note: The probability of forming a Bull Trap...
Four months ago (June 07, see chart below) we published a post on Bitcoin (BTCUSD) calling it an 'Unpopular opinion' as despite a on ongoing rebound in May, we signaled a correction as, based on the long-term Channel Up since November 2022, it was technically possible to see a pull-back below the 1D MA50 (blue trend-line) and then extended consolidation until a...
CRYPTOCAP:BTC #BTC Turned given resistance at $61,953 into a support, Previous daily close looks amazing, possible upside likely towards $65,789 resistance test as bullish engulfing forms on current Daily, previous weekly close also with dragonfly doji with positive volume, tons of great signs that #Bitcoin is looking great, $64,344 currently resisting, $63,544...
Bitcoin's price action continues to develop within the descending broadening wedge pattern, highlighting a potential bearish trend as it faces resistance at the upper levels. As indicated in the chart, the repeated rejections suggest that the price might move downward toward the support levels. Bitcoin has faced multiple rejections at the top of the wedge, each...
I see a head and shoulders pattern has formed on the daily and 12 hour time frames with a down side target around 54,500 USD. This is a short term Bearish outlook that I believe could play out over the next 24-48 hours or less. There are potential moves to the upside, but I’m leaning toward this playing out. There are many longs that could be taken out, while the...