Price of BTC turning bearish. A lot of choppy price action so I'm looking for price to drop & to fill the imbalance. In the process price should still drop towards our grey, supply zone. Once price taps in and ONLY if I see a clear 3 Sub-Wave (A,B,C) move, I will look to open buy positions.
Simplistic title over a matter as complicated and important as the upcoming U.S. Presidential Elections this November, but completely true in terms of pragmatism. As this straightforward 1W chart shows, Bitcoin (BTCUSD) isn't just bulletproof when it comes to the elections but in fact it gains extreme buying momentum irrespectively of the winner (Democrat or...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line. Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again. Next, BTC continued to...
In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price...
Elliott wave analysis, as a method and tool, advocates a bullish outlook as it is difficult to find a substantial bearish alternative within the 73777-49000 range. The Triple Three correction exhibits near-ideal ratios and alternation of wave patterns within. The Triangle in Wave can be considered either complete (minimum conditions are met) or incomplete as...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price a not long time ago dropped to the trend line and at once turned around and rebounded up higher than support 2, breaking it. Next, the price started to trades inside consolidation, where it some time traded near the support level and then rose to the top part of...
Technical analysis Bitcoin (BTC/USDT) on daily chart by Blaž Fabjan Price Range: The chart shows a long-term descending channel with resistance at the upper trendline and support at the lower trendline. The price is oscillating between these two levels. Current Price: $63,532.74 as of the timestamp on the chart. Support and Resistance: Resistance is marked...
Last week was full of macroeconomic events, we write about it at previous idea The cryptocurrency market took them positively and grew on rumors. There is a legendary quote: “Buy on rumors, sell on facts.” Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction. Still, we need BTC.D - 57.7% and...
Good Day and I hope you are well. bitcoin Quote from last week: comment: Doing the weekly chart this week. Clear contraction visible and there is no magic to see here. I won’t make up stuff where there is none. Market is clearly confused where it wants to go and no side has an advantage. The triangle will break out soon again and I can only see btc falling...
Potential Trade Setup on BTCUSD Check this potential trade setup on BTCUSD Bitcoin just broke above the bullish triangle pattern at the top, and this could lead to a more bullish move. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed. I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”. Manage your capital correctly and...
Current Market Situation: Bitcoin is showing an improving technical outlook, with solid support in the $50,000-$55,000 range. Staying above this zone enhances the risk-reward ratio for bullish positions. Key Resistance: The $60,000-$62,000 range acts as crucial resistance. A breakout here could trigger a swift move to $70,000-$72,000, opening up potential for...
The Bitcoin (BTC/USDT) chart shows price movement within an ascending channel, with the price currently facing resistance near the $64,000 level, as marked by the blue area. The following key details can be observed: Channel Pattern: The price is moving in an upward sloping channel, indicating bullish momentum. However, the price has recently touched the upper...
BTC/USD is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support level which has been identified as a pullback support. Pivot: 64,339.81 1st Support: 61,171.93 1st Resistance: 66,671.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
👀 👉 BTC has recently broken market structure to the upside, signalling a potential bullish opportunity. The breakout is evident on both the daily and 4-hour charts, suggesting a buying setup could be forming. In this video, we’ll analyse market structure, price action, and focus on the prevailing trend. We’ll also highlight a potential trade setup, contingent on...
ICMARKETS:USDCHF when BINANCE:BTCUSD falls down USDCHF goes up and vice versa, we can expect btc to dip in the short moment today as it is monday and there is always a high probability that btc takes a dip on monday, do refer to my previous posts on btc analysis as well. Anyhow, a good time to enter USDCHF.
ETH/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators. 🟢 BUY NOW 🔴 September 25, 2024 - Sell Date (Red Line): This date suggests a potential local top for Ethereum, indicating an opportunity to take profits...
Bitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ). Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that...