CRYPTOCAP:BTC giving back gains above the broken down trend line. Volume is good BUT let's dissect #BTC! 15 Minute shows that selling is LIGHT. 5 Min shows it's lighter than what 15Min shows. BUT...................................... 1 Min shows that the heaviest volume was a top tick!!! Someone sold the top of this #Bitcoin rally! Let's see how it...
Bitcoin (BTCUSD) broke above the 1D MA50 (blue trend-line) again today and is very close to registering the first 1D candle closing above it since August 01. At the same time it broke above the Lower Highs of the Falling Wedge pattern that started on the July 13 High. If it succeeds today in closing above it, we hav e high probabilities of seeing the bullish...
As we can see, the price remains in an important resistance zone, the maintenance may result in an increase in the coming hours to around $28,000, but when the zone rejects the price, a support zone from $26,382 to $26,135 will be important. The next scenario will take place near the support zone: Option 1 is to keep the price around this zone and then...
Thank you for reading our update. Please keep in mind that this is not trading advice. MX is a noteworthy exchange platform that consistently demonstrates year-on-year growth in both its chart views and product offerings. With its impressive trajectory, MX has the potential to emerge as the next Binance Coin (BNB). Can we see soon MX to up $4?
For upcoming days and up to 2 weeks we will face price action near 12500 and 10800. Looking for continuation after this zone, up to 15 000 levels...
Hello, dear friends! Bitcoin made couple tricky moves yesterday, but today finally has confirmed it's intentions to grow. We have been waiting for this pump in the wave 2 which is happening after wave 1. This wave has target between the Fibonacci 0.5 and 0.61. This is the price range between $28300 and $29100. After that we expect the wave 3 to the...
🚨🚨🚨 CRYPTOCAP:BTC touching the down trend line for 1st time since Aug 9th. Buy volume is coming in, good sign. Accumulation hasn't been great but has been positive. Shorts have covered some. So if it breaks this trend it can pump a lil bit more. Keep an eye on the RSI for real strength. Would like to see it break that high it recently made. Futures dictate...
Monitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens. Spotting Altcoin Seasons: Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often...
💎 Yello Paradisers! Let’s delve into Bitcoin, the monarch of crypto! We’ve observed it trading in a confined range, sandwiched between the weekly and monthly levels. 💎 We are looking at two plausible scenarios here. In the first one, it could directly retest the weekly resistance, face rejection, and then resume its bullish journey from the monthly support zone....
As of last week, Ethereum has broken out of a rising wedge pattern which has been formed at the start of 2017, making it the longest pattern that exists on the ETH chart in recent memory. Seeing that rising wedges are classically bearish reversal patterns, the risk is definitely to the downside. There's a risk that ETH will see more bearish pressure over the next...
KCS has been in a very steady downtrend ever since the 2022 top. My view is that KCS will see more downwards pressure over the next coming months. Remember that KCS has steadily been losing value during 2023 and is currently trading around 30% lower than its value on January 1st 2023, which is a bearish outlier. For now, we can see an oversold bounce towards the...
Although Bitcoin has been stagnant since the beginning of the year, it continues to give us signals for future movements. First of all, we need to say that Bitcoin adapted to the 50-day moving average very well in this process. An investor who trades only according to the moving average can make very successful profits. In this context, when we look at the moving...
I see some more upside for 31k with btc trading range. I think this bullish will be the great fake for all traders. It will probably make move looks like the Bear cycle is over but when I see a MACD. It always tells that 14k is much possible. I will consider short btc around 31k. I won't buy btc for now. I would rather wait to short this bad boy. Enjoy...
Morning folks, Any rally are rejecting fast due to overall fundamental background. And this is not surprising when you have 10-year yield around 4.6% (which will be 5% within a month, we think) and collapse on stock market. As you could see recent rally has been rejected fast. Now we have few targets, but nearest one is based on bearish engulfing pattern, which...
In this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a...
ETH is short term in a triangle squeeze, been touching the upper trend line 4-8 times first time August 29th. If it breaks out, you have the next major resistance at about 1660. I'm just gonna say this; it doesn't matter so much how we trade; it matters more how we manage risk/reward . I think in anything we do, it's important to trust ourselves, and that our...
✅As I expected, Bitcoin fell to the 🟡 Price Reversal Zone(PRZ) 🟡 at the weekend. 💡Bitcoin has succeeded in forming a Falling Wedge Pattern . 💡Also, we can see a Regular Divergence(RD+) between two successive valleys . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed wave 5 in in 🟡 Price Reversal Zone(PRZ) 🟡 🔔I expect Bitcoin...
DXY and US10Y reaches higher, the market is bearish. BTC may dump harder than ES/NASDAQ, target to 23.6 where a lot long liquidation awaits