Altcoins have struggled in the last 5-6 months since BTCs slowdown. Some alts are down 80% from their highs but are now displaying a promising pattern for the bulls. The chart shows the daily support that intersects 3 points that make a head and shoulders pattern. This H&S pattern is an important reversal structure that if gets completed would signify the bottom...
🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is...
BTC recently broke above a key resistance trendline after forming a higher low near the 52,000-53,000 USD range. It is currently trading at around 63,445 USD. The brown-shaded area on the chart highlights a zone between approximately 62,000 and 70,000 USD, which appears to be a significant resistance zone. The green trendline below seems to represent a long-term...
hello guys as I said before: The chart shows a completed inverse head and shoulders pattern, signaling a bullish reversal. Price broke above the yellow resistance zone, confirming the bullish breakout. Next target is near 62,300 USDT, as shown by the horizontal resistance. Price is currently consolidating within a reachable area (yellow zone), potentially...
hello guys. Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend. Breakout Above the Neckline: The price has broken above the neckline, which...
As of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming. As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in...
Bitcoin follows the trned until it breaks trend is bullish next key resistance zone GETTEX:64K - FWB:65K Or wait for a structure change until that follow-up trend
Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback. Anticipated Timeline: Sideways Movement: Expect Bitcoin to trade sideways for...
Classic flag pattern here in confluence with Fibonacci Levels As another confirmation of trend, we have a beautiful Cup&Handle happening too
BTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from...
Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 61,195.24 1st Support: 59,371.23 1st Resistance: 64,371.87 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you...
Good Evening and I hope you are well. tl;dr Bitcoin - I said if bulls get above 61500, they are favored for 64000+. High of the day was 63848. Next target for them is 65000 and if bears fail there, we will see 67000/68000 again. Right now it’s still a triangle on the daily chart and bulls had 3 pushes up. Slightly favoring the bears if they come around tomorrow...
Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what...
looking at this chart we are trading in a channel or a bullflag like most of you call it. Targeting here new ath near 90 000 US dollars
Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving...
The FWB:65K area has been a rejection point twice already for BTC, so an opportunity for a scalp back down to the breakout area is possible. However I would trade with caution as we're into the window for the beginning of the bull run so wouldn't be surprised if price just runs. If this marks the beginning of the bull run I'd recommend all shorting option...
Why would bitcoin 3x plus within a year? Here is why: 1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment 2. 6 month bull flag. Price is...
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I'm publishing this in advance because I have a schedule. The content below is the explanation part necessary for understanding the chart. Therefore, you don't necessarily have to read it, but...