Hello everyone, let's take a look at the BTC to USDT chart on a short time frame of 30 minutes. As you can see, the price is moving above the local uptrend line.
When we break down the Trend Based Fib Extension, we see support at the level of $36,757, and then we have a strong support zone from $35,752 to $35,222.
Looking the other way, you can see that the...
Monday Market Update:
Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside.
The expectation is that markets will continue unless local structure is broken on the TradFi Indices in...
There are two kinds of inflation, the normal one and the dangerous one.
Printing money creates inflation. The kind however which is not dangerous to the foundation of the economy.
With money printing, currency loses value and prices react accordingly. Nobody gets wealthy from money printing, and in a sense, "nobody" gets poor. By nobody I mean the economy as an...
ETH has been consolidating for nearly 10 days now, after a huge move from the 1500's to 2100$.
With the market rallying over the last couple of days, I see a decent probability for ETH to break out of this bull-flag and continue the rise up. Bull-flags are bullish continuation patterns, to bullish price action is the most likely result from this pattern.
Target...
HBAR has been going up with the rest of the market, but on a lower intensity than a lot of top performers. Still, there's more than enough opportunity to grow in the long-term.
I'm waiting for the price to confirm the break out by closing above the diagonal trend line. Target at 0.20$.
Thank you for reading this update.
Depending on our study we see that SNX has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
May the Satoshi's be with you!
These are the most important horizontal levels I'm watching. BTC broke through 31k res clean, a retest and confirmation of that level will send it to 41k. Anyway hodling strong and looking to buy lower early next year/ mid 2024. Pre/post halving crash is a certainty imo
BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD ...
Hello TradingView Family / Fellow Traders,
📈 BTC has generally exhibited a bullish trend from a medium-term perspective, trading within the ascending broadening wedge outlined in red.
In our last analysis, the bears took control in the short term last week by breaking below the last minor low in green.
🏹 Subsequently, we sought buy setups around the lower...
Morning folks,
BTC shows some tiredness from constant anticipation of ETF approvement. Any news do not trigger the same action as before. Still, market keeps bullish context and we do not consider any short positions yet.
At the same time, we think that 37.75-38K area will be vital for BTC next step. Breaking of 38K opens road to 42K target, while failure to...
Last weeks high: $38023.9
Last weeks low: $36284.2
Midpoint: $34544.4
Bitcoin starts the week at almost exactly where it started the previous week, just hovering above the 37k it means BTC had a net neutral price action over the last 7 days. However, midweek saw a 10% range create the highs and the lows before contesting the midpoint.
After a strong rally for...
Today we will try to summarize the results of 2022 and look a little into the future.
What can we say, We think few people will deny that 2022 is one of the worst years that we have seen and consciously felt. Painful both separately for the participants of the crypto world and in general in the context of the economic, military and geopolitical situation in the...
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Bitcoin (BTCUSD) will complete this week or the next the first 1W MA50 (blue trend-line) - MA100 (green trend-line) Bullish Cross since the week of December 02 2019! Such a bullish pattern, exactly 4 years after, is a Cyclical buy signal which technically is the last we are going to get during this Cycle.
With the Halving being a fundamental signal, this Bullish...
Although it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage.
When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction...
This shape is generally a bearish pattern, with the likelihood of a breakdown to the next major support area.
The rising wedge pattern is one of the numerous tools in technical analysis, often signaling a potential move in the asset or broader market. Recognizing this pattern involves identifying a narrowing range of prices enclosed by two upward-sloping...
- Everything is in Chart.
- Actually TheKing entered a a correction phase.
- We climbed for 4 Months Straight.
- This kind of retracements are just normal.
- if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$).
- if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$).
- The...
