Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it declined until to 26400 support level, which coincided with the buyer zone. In a short time price broke this level, exited from the channel, and entered to upward pennant, which...
Btc has been trading sideways for MONTHS and once again appears to have created a new trading range below our upper price range. 28k area was the low of our upper price range and as price trended up from its 25k area bounce it has put in a pretty clear rejection in the 28k area. At least for now... Given the long running sideways market, clear rejection,...
BAKEBTC has recently demonstrated strong support within the 61.8% Fibonacci level, affirming the significance of the demand zone. This was further reinforced by the price breaking above the downtrend trendline, confirming the presence of an ongoing uptrend. Consequently, the likelihood of a continued price ascent is notably high, with BAKE potentially targeting...
Bitcoin has chosen the scenario that I outlined in my previous analysis. The evaluation was based on the 28.5K resistance area that has yet to be compromised. IF momentum stays intact over the coming week, a test of the 25K support area is within reason. On that note, there are two inside candles in place with an established low of 26,500. A break of this low...
BTCUSD: Short- TF: DAILY - Style: swing Entry Price: 27549.21 - Stop Loss: 28693.24 - Take Profit: 24566.56 Good Luck!
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday. Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed. BTC has since slipped, and is currently trading at...
#BTC here is the true 5 waves, 3 looks shorter because its on log, to fit on screen (put it on linear for yourself), when in reality 3 is much larger than 1 ... wave 3 is often the longest but NEVER the shortest.. This will end up being a wave 2 correction in the macro IMO
The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure)....
The price of Loom Network is $0.10 today with a 24hour trading volume of 2 million dollar. This represents a 55% price increase in the last 24 hours and a 145% price increase in the past 7 days. With a circulating supply of 830 Million LOOM, Loom Network is valued at a market cap of 90 million dollar. Loom Network is a platform as a service that is built on top...
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 has fallen below the local uptrend line. After unfolding the Fib Retracement grid, we see that the price remains in a strong support zone from $26,980 to $26,532, and then we have support at $25,970. Looking the other way, the first resistance is at the...
It's no surprise that the price has been rejected from the 200-day Simple Moving Average (SMA) multiple times. Historically, the 200-day SMA has acted as either a support or resistance level, depending on whether the price is above or below it. Since the current price is below the 200-day SMA, there is a high likelihood that the price will continue to move lower...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Followed one of my projections up, in an #Elliottwave ZZ structure atm. Some clarity pivots labeled here. If correct, a W3 could be on its way. 17.5K is the MLT...
seems like has already bottomed out and preparing for massive bullish rally testing multi year trendline in higher tfs and expecting breakout soon with good volume and incase of successful breakout expecting move towards 0.20$ in next weeks
ZRX created double bottom on 4hrs TF and retested already…. Can take a long from current market price to the above red price….. manage your risk as always and don’t use over leverage Follow for more market update
Bitcoin is currently trading within the range of 25-31k. I am still Accumulating Bitcoin for the long term. In November and December, I repeatedly recommended buying, and I've been saying the same for the past two months. Bitcoin has already hit its bottom and is now in an Accumulation phase. Maintaining Patience during the accumulation phase can be...
Thank you for reading our update. Please remember that this is not advice for trading. T Looks to have a new uptrend volume The volume have a way that it can come unexpectly
Thank you for reading our update. Please remember that this is not advice for trading. STX Looks to have a new uptrend volume for the low time frame.
Continuation of part 1