Hello, good evening. Here is my analysis of the price action of Bitcoin as of today. In the bigger picture, I have identified a head and shoulders pattern on the weekly time frame, along with the support trend line that Bitcoin is currently following. This suggests the possibility of Bitcoin revisiting the $15,000 to $18,000 range. To establish a healthy...
I'm highly confident that BTCUSDT will breach the channel trendline, and reaching the lower boundary is virtually guaranteed. Yep, it's a short call for BTC.
Hello everyone, I invite you to Thursday's review of the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, we will use the yellow line to mark the upward trend lines from which the price has currently broken down. When we turn on the EMA Cross 200, we can see that the price has returned below the moving average, which...
In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI. As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern. Long-term investors and whales are using this pattern to time their entries and exits...
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price traded in the resistance zone, which coincided with the 26900 resistance level, but soon it rebounded and made a strong impulse up to the 28000 resistance level, and even rose higher of it, thereby breaking this level. But soon BTC rebounded and fell below this level, which coincided with...
Greetings, TradingView Family! This is Richard, also known as theSignalyst. After rejecting the 28,000 level , BTC has been bearish this week. 📈 For the bulls to remain in control, we need a break above 28,500. Meanwhile, BTC could still trade lower to test the 25,000 support zone. 📉 If the bears manage to break below 25,000 , we can expect further...
Greetings, traders! Let's dive into the hourly chart of Bitcoin to see what's been happening and what might lie ahead. 🚀 Before the recent attack on Israel, there was a notable price surge. In just a few hours, Bitcoin's value took a sharp dip, only to rebound swiftly, catching many traders off guard. 💥 Currently, we find ourselves in a phase of price...
Well-well... We see downside AB-CD action that we've planned last week, but it has not started. Market right now is very difficult to analyse, because it is rather thin, trading volumes have dropped dramatically. And any single transaction could trigger big moves. Besides, recent drop is difficult to explain from external factors - US yields are dropping,...
This is another very informative study that brings together Bitcoin (BTCUSD) and this time, the Chinese stock market (CN50 - blue trend-line). We are looking into the last two Cycles and how in particular the Chinese stocks often lead BTC moves before they happen. Our focus is in the phase after the Bear Cycle bottom and before the Halvings. As you can see during...
As We Talked About in The Previous Analysis: If The Market Breaks Support Line and Closes Below That, We Will see a Bearish Move. Currently, The BTC Price Formed a Double Top Pattern. -The Neckline is Broken. -The Support Line is Broken. Let's Wait For Retest... TARGET: 26300.00🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Today's news is very important, this news can cause more growth of Bitcoin, so if the news is positive, this analysis will be invalidated. But according to the technical analysis, there is a possibility of more return and fall for Bitcoin. This return may happen in the 4-hour time frame, but there is still hope for a return in the daily time frame because the...
Btc forming ascending broadening wedge pattern. Soon it will breakdown and price will go down.
We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts This is not a negative for USDT rather a positive USDT market cap itself is positively impacted by USDT.D retracting as that...
New idea for BTCUSD is a swing trade short/sell since BTCUSD has clearly broken out of its ascending wedge. TP and SL has been provided on the charts. Quick trading update.
The channel is bullish daily and collecting cash for price growth!
Situation on a smaller timeframe after key levels were called out on the last post. As expected BTC reacted exactly at the key support level around 25,000. It however only rose to 28,000ish before creating a bearish formation and breaking down again. We did not trade the move up just as we have not traded the move down. However, we are constantly analysing until...
I have learned that most financial instruments including crypto move in cycles of three. I assume most of you traders would agree with this statement, however where and when do we start the first of the three movements. I have put an example in my chart. In my chart i have predicted the third movement in a three movement pattern. Guessing the first or even second...