BTC UPDATE: BTC is currently forming rising wedge on 4hrs TF which is bullish channel and still in uptrend on 4hrs TF in as much we are holding 35.6k 4hrs bullish OB strongly…..
In as much BTC holding the support at 35.6k strongly on 4hrs TF we are good but any break of the bullish channel and break of previous lower low at 34458 will trigger the price to...
Another month has passed and a lot of things have happened. Time for another Crypto Fiesta! 🎉
Short-term view
Bitcoin is still looking like it wants to go up, but we have to acknowledge the inability of BTC to break through the 38.000$ resistance area.
Most likely is that the daily/weekly RSI wants to cool down a little bit before the next leg up. On the other...
A possibility where Bitcoin could immediately turn down hard after hitting the top of this rising wedge.
Confluence - DXY has already broken bullish from its falling wedge. DXY and Bitcoin are macro negatively correlated (long-term they will eventually do the opposite, even if they do the same thing short-term).
Hello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the local downward trend channel to which the price has returned.
In order to check the support areas, we will use the Trend Based Fib Extension...
BTC has respected this upwards sloping channel for three weeks now.
Should we break to the downside I see a retracement to two shown targets.
As of now we are of course still bullish on BTC and Crypto in the medium/long run, a pull back like this could be a great chance to long should an edge develop. If it does we will provide an update and a trade set up.
Our...
Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news.
** Cycle classification **
On this...
Currently, the price of MIL:BTC has encountered a very strong resistance zone. Such zones are rarely broken through at once. I expect some time of accumulation in the range of 35-40k, and by the end of the year, a breakthrough and consolidation above 40k. The main target is 48k, where there is both a strong resistance zone and the completion of the correction at...
Bitcoin attempted to establish a new high above $37,978 in the past two days but failed. In the meantime, the decline in ADX on the daily chart began to reflect a slight loss of bullish momentum; additionally, MACD, Stochastic, and RSI reversed, now pointing to the downside. These actions heighten our alert level as we continue to see the falling number of Bitcoin...
Currently, two scenarios are on my radar. The first involves a robust closure above 36.4k, potentially paving the way for a subsequent rally towards the 38.5k-39.0k range. Alternatively, there's the prospect of revisiting the 34.2k level. Will wait for triggers.
Hello TradingView Family / Fellow Traders,
📈 BTC has been generally bullish from a medium-term perspective , trading within the ascending broadening wedge outlined in red.
Currently, BTC is positioned near the upper boundary of the wedge ; thus, we can anticipate a correction if the last minor low highlighted in green is breached downward.
📉 If the green low...
this is a simple classic TA view. it's necessary to see "at least" one big weekly candle. this is when you can understand the pivot is formed. don't try to be smart and sell the TOP TOP price. it wouldn't work for btc. wait for turning and pullback.
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has returned below the local downtrend line.
When we unfold the Trend based Fib Extension tool, we can see that the price is approaching the support level of $35,977, and then we have a strong support zone from $35,431 to $34,748.
Looking the other way,...
Hello, everyone!
The predicted #Bitcoin dump has happened, but has not reached the target zone. Current recovery looks like a huge trap.
We expect BTC will reach the target at BER:33K anyway, waiting for the strong support and growth continuation from there.
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Bitcoin and Bitcoin Dominance may be about to move up should the 52% dominance level be successfully held.
Expecting a sharp move up to 55-57% for dominance and 40-43.5k for Bitcoin, and alts to lose value vs. Bitcoin:
Should the 52% level be lost, we may re-test 50 or 48% dominance levels instead.
Bitcoin needs to cleanly break through the 36.5-40k area to...
Method : Fractal Geometry Research
White Line : BTC
Purple Line : Geometry fractal predictions
Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades.
!However, it's not suitable for scalping, short-term, or future traders!
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TRB has been one of the biggest winners of the last two months, doing a 14x whilst most other crypto's only did a 2x-3x.
It was a matter of time before TRB corrected. Patient bulls like myself have been waiting for this opportunity.
Since TRB hit oversold levels on the 4H chart for the first time since late September, this might be the perfect time for bulls to...
The total marketcap of altcoins, TOTAL3, has reached the highest value since August of 2022. In my view, this clear breakout marks the end of the bear-market accumulation phase and is the start of the next bull-cycle.
Like mentioned in my other analyses, the fact that the lows are in doesn't mean we will go up in a straight line. Most likely it's going to be a...
Join me on TradingView for an in-depth analysis of Bitcoin using Elliott Wave Theory. In this comprehensive study, I delve into the intricacies of market cycles and waves, offering insights into potential future trends and key price levels. Stay ahead of the curve with this detailed Bitcoin forecast.
