Within the four panels above are comparisons of major US market and the international Bitcoin indices with the US Dollar Index, $TVC:DXY. From top left to right:
TVC:DJI
SP:SPX
NASDAQ:NDX
BNC:BLX
As we can plainly see, each one acts a a near mirror image going back to 2017.
When looking at correlation via an indicator, like...
Bitcoin (BTC) has recently struggled to surpass the $38,000 mark but maintains a comfortable position above the $35,000 support zone as the market awaits the next significant move.
Notably, part of the prevailing consensus among most market participants is that Bitcoin is poised for a rally towards a new all-time high. This optimism is fueled by developments...
Understanding the Impact of Bitcoin Halving: A Comprehensive Guide
Introduction
Bitcoin, the world’s most renowned cryptocurrency, operates on a decentralized network utilizing blockchain technology. One critical event that has a profound impact on Bitcoin's supply and valuation is the process known as "Bitcoin Halving." This event occurs approximately every...
Looking at the chart you can see we found support at the 200 Ema using 2 week candles at the beginning of this year. Price has more than doubled since then. We've regained the 8 Ema over the 21 and are starting to expand rapidly. Edge to edge cloud trade would put us at $42,500 as a short term target. The only thing that has kept this run in check so far is the 77...
Based on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin).
From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at...
Upon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend.
Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement....
The red box on the chart represents a significant pullback and a period of consolidation for the price. This suggests that Bitcoin is now poised to ascend towards the target of the second leg. Both this pullback and the initial leg are clearly visible on the weekly chart, as depicted in the attached photo.
In my opinion, the BTC price has the potential to rise to...
Here i setup my strategy:
+ Bearish divergence is being loaded (marked as red lines)
+ If price increase continues, 41K - 42K range is the probable top of this cycle.
+ When RSI tests the falling black line that area must be the top.
- Totally breaking under 34K is the invalidation.
NOT FINANCIAL ADVICE.
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price moved sideways from the local downtrend line.
When we unfold the Fib Retracement grid, we see a support zone from $36,361 to $35,976, then there is support at $35,432, and then at $34,742.
Looking the other way, we have a visible resistance zone from...
Currently BTCUSDT is on consolidation
We saw a choppy move before going up to almost 38.000 then going down to 34.700 and then going almost 38.000 again.
After that price going down again 35.500 and bouncing with a sign of weakness.
It's quite hard to see move going up with this current chart pattern. There is a liquidity trendline just below and also an...
Bitcoin
Comparing the BTC departure of the negative MVRV Z-Score zone...
...are we here⁉️🔵👀
On bullish track IMO‼️
Comments💭, Likes♥️ and Follow🔗appreciated dear Crypto Nation😎
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Bitcoin's 100,000 trend trend channel, the main target is to reach more than 100,000 US dollars, the green is the rising channel, the blue line is the first target price, the red line is the ultimate target price, the white is the market trend, divided into one, two and three Four or five waves, one wave breaks through, three waves soar, and five waves reach the...
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(USDT.D 1D chart)
As the trend line moves, a period of volatility is expected to begin around November 13th.
Accordingly, it is necessary to check the movement up to November 12-16.
If USDT dominance...
After a long correction, Synthetix started growing!
This chart shows the weekly time frame. So, look for a position daily and go long for the target I showed you in the chart.
Do not forget to put a stop-loss as the stock goes crazy sometimes! :)
Let me know your opinion by pushing like or your comment! :))
