Bitcoin is currently trading within a descending channel, which indicates a continuation of the bearish trend unless there is a breakout. There is a crucial resistance area around the $66,000 to $70,000 range. BTC may struggle to break above this level without strong bullish momentum. The chart shows a lower trendline acting as support, which is currently located...
This is the configuration of 4H Chart prior US CPI data result is announced. We had slight downside due to last night/ yesterday's Head & Shoulders Effect. Look at the latest Resistance and Support on the Fibs & the Descending Wedge.
Morning folks, So BTC has failed to break the vital 64.5K resistance that we've talked about last time. It means that context remains bearish and chances on downside AB=CD have increased. Especially on the back of outstanding rally in USD and US yields. It makes us to consider no long positions by far, treat former 64.5 top as invalidation point and watch...
In smaller time frames, Bitcoin has reached a support on the chart. It seems that this support will reject the price up to a supply. Bitcoin is in the trading range Closing a 4-hour candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some...
Overview: Which would you prefer to hear first? Let’s start with the good news: the AMEX:SPY has updated its all-time high. If you have a 401k or any other pension fund, you’re likely seeing gains. Also, it's hard to argue that a recession is looming when the stock market is booming. Now for the bad news: crypto is down. Normally, this wouldn’t be alarming,...
Technical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level...
If we use the time Bitcoin had a full cycle without any global economic problems in 2016 to 2018. We see the faint white line is painting a very similar movement of price. The variation outside of the norm would tell us Bitcoin has to make a very large move by year end to stay on track. MVRV Z Score - Is also indicating Bitcoin is undervalued and no...
Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 59,378.90 1st Support: 57,833.43 1st Resistance: 61,888.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing a decline below the important section of 61099.25. Accordingly, it is important to see whether it can rise above 61099.25 and receive support. If not, and it...
The chart right presents the pre bullmarket btc chart in 2020. Strategy: Potential long setup from the consolidation zone. The price action indicates a demand zone around the current levels, with a potential for reversal towards higher levels, as shown in the shaded blue area. The right-hand chart supports this bullish bias. Entry: Around the current price...
The internal structure of Bitcoin is still bearish and the price has not risen from the cheap ranges of the previous wave. It seems that in order to sweep the buy orders, more of this supply will move to the lower areas. Closing a daily candle above the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital...
Hello everyone, let's look at the current BTC situation considering the four-hour interval. In this situation, we can see the price rebounding from the downtrend line. Let's start by setting goals for the near future, which include: T1 = $61,847 T2 = $62,571 T3 = $63,602 AND T4 = $64,370 Now let's move on to the stop-loss in case the market continues to...
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price entered to wedge and at once rebounded fromresistane line and started to decline. In a short time, BTC fell lower then support level, which coincided with the support zone, but then it tried to back up and failed. Next, the price dropped to the trend line, which is the support line of the...
CRYPTOCAP:BTC 1W chart; I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame. What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's. From this level, do you think #Btc will say,...
On the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas: Buying in the range of 54183-57204. Selling in the range of 67777-69287. Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely,...
We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD). We will keep it simple, because that's what the chart is, no need to complicate what's obvious...
Overview: The AMEX:SPY is hovering around its all-time highs, showing limited movement as investors await Thursday’s CPI report. Anticipation is building, but it seems the U.S. market may not make any significant moves until inflation data provides clearer direction. BTC TA: W: When examining the volume profile of this year's entire bull phase, the point...
LINK/BTC looking a lot like accumulation over here. The market is very uncertain at the moment, with BTC being very much in no-mans land. It could go either way. But the technicals along on LINK/BTC indicate we may be testing areas where demand is too much for supply.