Descending Broadening Wedge Pattern Description: This is a bullish reversal pattern. As shown, the price of Bitcoin is testing the support line of the wedge, which typically suggests that a breakout to the upside might occur after the completion of the pattern. Potential Breakout: The chart indicates a potential breakout above the upper boundary (resistance line)...
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
According to the BTC/USDT 1-day chart, the strong resistance level around $67,800 is an important area to watch for the following reasons: The $67,800 level historically serves as a significant resistance point, closely aligning with the upper boundary of the recent supply zone. Many traders and investors have likely placed sell orders or profit-taking levels...
Crypto traders are keen to see another ‘Uptober’ — a term coined by the community to describe the outsized gains in Bitcoin prices for October. Historically, in eight of the last 11 Octobers the original cryptocurrency has pulled ahead big time. So what’s it gonna be this time? There’s a lot to unpack — let’s ride. Bitcoin prices BTC/USD signed off for...
The Bitcoin (BTC/USD) has reacted off the pivot which acts as a pullback support and could rise to the 38.2% Fibonacci resistance. Pivot: 60,560.68 1st Support: 59,460.98 1st Resistance: 62,628.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BITO 1M chart) As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point. Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50. It...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has entered the 2nd section (56K-61K) again. The key is whether it can receive support near the 2nd section. - (1D chart) The key is whether it can receive support...
From the previous chart of BTC the correlation of down trend in this bull market is a norm matter. Just watch how the market would create decision for more interest rate cut revival. If BTC is doing its Head and Shoulders pattern. It would attract more buyers at the bottom. The Diamond Shape in blue color is a Mini Diamond in the previous Big Diamond drafted.
We did not get the bullish engulfing we wanted on the Monthly Closing, but the bullish uptrend still remains in tact nonetheless. CRYPTOCAP:BTC needs to hold ~60k to keep momentum.
Inversed Bitcoin chart to showcase this thesis. Not much to this idea but I would recommend saving this chart for the trendlines and levels that I have highlighted. Happy trading and happy charting my friends. We are almost there. Here are my price predictions: End of September - $58,000~61,000 End of October - $66,000~69,000 End of Year - $80,000~100,000
BTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to...
BINANCE:BTCUSD entered a strong buying zone (above 65K), but the bulls failed to realize the potential. The price returned in the channel boundaries, eliminating the positively-minded... A false breakout is forming relative to 65K. After the liquidation and strong impulse, a small correction is formed, directed to the imbalance zone. The retest may end with...
I’m bullish on BINANCE:BTCUSDT for the higher timeframes and expect a new all-time high (ATH) by late 2024 or early 2025. However, in the short term, my strategy signals a potential pullback. I’ll take a short at the $66K zone and look to add to my crypto assets if the price drops to the $60K zone again, just like in my previous trades. This could be a great...
Risk assets took a tumble on reports a a senior US official has revealed that Iran may soon launch a ballistic missile attack against Israel. The US is helping Israel prepare its defenses, warning that such an attack would have serious consequences for Iran. This development comes after Israel escalated its military operations against Tehran-backed Hezbollah in...
Market Context: MYRO is showing signs of reversal by reclaiming the 21 EMA for the first time since July and turning a key resistance line into support. This offers a promising risk-to-reward trade if the price continues moving upward. Trade Setup: Entry: Around $0.082. Take Profit: First target: $0.115 Second target: $0.16 Third target: $0.22 Fourth target:...
Market Context: APT is breaking out from an inverse head and shoulders pattern, holding the 200 EMA as support while flipping previous resistance. The key resistance level to clear is $9.8, which could trigger rapid price expansion. Trade Setup: Entry: Dollar-cost average (DCA) between $8 and $6.8. Take Profit: First target: $9.8 Second target: $12 Third target:...
As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous...
In the previous update, we presented the Triangle scenario in wave . It is shown on the left. This scenario is supported by the robust structure of the Triple Three wave pattern and the traditionally positive seasonality for Bitcoin in the October-December period. For instance, the average monthly growth of BTC in October is 19.6% (since August 2017). Are...