Technical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Descending Trading Channel: Bitcoin appears to be moving within a descending trading channel, with the price gradually testing the lower bounds and trying to break out from this downtrend. The key resistance for a breakout from this descending channel is around the 64,000 USDT level, while the support is...
BTC: The 4H Chart showed the "M" pattern is fullfiled. Percentile of price retracement is likely in most of the scenarios. Keep an eye on the Rising Wedge Support Line.
Overview: AMEX:SPY displayed a minor decline yesterday, forming a small red candle while remaining near the upper boundary of its current trading range. This pullback is largely attributed to the underperformance of the oil and gas sector, which saw significant declines. Despite this, there are no clear indications of bearish momentum building up at this...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It is showing sideways movement around 63118.62-64000.0. Therefore, if it breaks out of this area, - 65920.71-67614.25 when up - 60672.0-61099.25 when down You should check for support around...
Good Evening and I hope you are well. tl;dr Bitcoin - Look at the daily chart. Absolutely in balance is what this is. Please see my weekly outlook for more info. comment: Did not change anything from my weekly chart since market is doing nothing. You don’t see a market printing 6 of those bars very often. Be prepared for the breakout. current market cycle: ...
It already brokeout the trendline resistance and facing a resistance at 227B , it will take a small pullback before facing its next strong resistance at 250B . Brokeout and hold above 250B will lead a giga Bullish Market. Bull season started
It Exactly hit the trendline of parallel channel and closed above trendline in weekly as well as monthly chart Now, It started to pump from this level, That means a massive #Altseason started
Bitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength. However, before considering more upside there really is just ONE thing we need to see - higher lows. For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll...
COINBASE:BTCUSD BINANCE:BTCUSDT Hello everyone. Bitcoin is trading in a bearish channel. I have left alot of indicators and other chart things off to keep it clean and show my main points. But remember we are in a wave 4 of 5 and have not hit the retracement target yet. Prices always move back toward equilibrium. As you can see on the chart in purple. This...
BTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%. This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins. Bitcoin dominance breaking 59% and holding above it invalidates...
Traders, Something exciting and possibly foretelling has just occurred. If you've never heard about the Pi Cycle Top indicator, I'd encourage you to look it up. It has called the last 3 Bitcoin cycle tops correctly. Basically, when the 111 DMA intersects the 350x2 DMA, you have a top. In 2021, the indicator called the top a bit early. However, you can see that...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then. However... BTC is currently approaching the upper bound of the red channel. Thus, for the bulls to remain in control, a break above the upper red...
Hello, This orange trace nicely illustrates likely movements to complete some of the major support and resistance levels that were recently established, and have not been "tested" yet. I believe that DOGE is unique… it insights the emotion of LOVE. Man’s best friend. Unconditional love. The world is waking up and transitioning from the fear based 3D matrix...
Market Context: BONK is currently in a support area, providing an opportunity to enter a long spot trade. Trade Setup: Entry: Enter a long spot position in the $0.000018 - $0.000019 support area. Take Profit: First target: $0.000022 - $0.000023 Second target: $0.000029 - $0.000030 Stop Loss: Just below $0.0000165 ⚡ This setup leverages the current support zone...
Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity. Trade Setup: Entry: Ladder into a long position in the $0.13 - $0.1380 support area. Take Profit: First target: $0.16 - $0.17 Second target: $0.20 - $0.2170 Stop Loss: Just below $0.123 ⚡ This setup aims to...
If you’re a believer in technical analysis, it’s hard NOT to be bullish on BITCOIN right now given the absolutely textbook Cup & Handle Pattern which we see on the weekly timeframe. Buckle up and giddy up.
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Resistance Level RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Double Top
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined to the support level, which coincided with the buyer zone and even soon broke this level. After this, price declined a little more and then moved up inside the upward channel. In a short time, BTC broke the 56200 level again and then...