Last weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision...
Morning folks, Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension). Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have...
It's been 4 weeks since the last Altcoin Fiesta, which means it's about time for a new one! My short-term view on the markets: BTC has fallen through the main bullish support which held the upward trend going all year. Volatility is still low, but BTC appears to have found support around the June support area. Short-term price action can be bullish, but I still...
Interesting enough, shorts remained untouched these last few days. Bull Scenario 4 days above Red Moving Avg. #BTC Hasn't done that in a while. RSI formed Positive Divergence. Bear Scenario Short term trendline up ahead Will that break or will 25k attract #bitcoin again? Will have answer before November comes around. MIL:BTC
While VIX (Volatility Index) is bouncing W pattern, it will cause more blood bath on markets ( #cryptocurrencies #stocks #commodities etc) in mid term. Be careful bulls, you have been warned. NOT FINANCIAL ADVICE.
This is a 1D frame analysis for BTCUSDT As we can see, the price has been progressing as per our previous analysis and has activated our entry zone and we are still in profit. However, currently the price is in our neutral zone and is fluctuating within the channel. If it can maintain itself within this zone over the next few days and some positive candles are...
Let us put it this way. Why do we use charts? To find out areas of interest so we can trade. What are those areas for BTC? SIDEWAYS: We are looking at a continuation of the range 25,000 to 31000 which has formed since march. UPSIDE: Regaining and holding above 30,400, we shall look for first target of 35,000 and second target of 41,000. DOWNSIDE: If we...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. Trading Bitcoin NOW can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for...
I believe we will get 1 more chance at buying Bitcoin for a low price but after that we are off to the races. Not financial advice!
BTC is now retesting the bullish breakout and if succeed, btc dominance will continue moving upwards. If same time , btc pumps, this is a good sign for bulls. If same time, btc price plunges, this will be doom for bulls. And both cases, altcoins' prices will suffer if BTC dominance goes up. Due to increasing volatility, be careful hold on guard and use stops. NOT...
Greetings, everyone, We find ourselves currently facing the primary pessimistic scenario in the context of BINANCE:BTCUSDT price dynamics. The digital currency has recently dipped below the $15,000 mark, marking the culmination of the final bearish wave 5. Concurrently, a pivotal juncture looms at approximately $21,000, where the price will determine the...
✅Bitcoin managed to break the Uptrend line a few minutes ago. 🌊According to the theory of Elliott waves , Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴 Resistance zone($27,000-$26,350) 🔴 and near the 🟣Yearly Pivot Point($26,719))🟣 . 🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯...
BTC has created an accumulation zone and now we see a bullish breakout on the resistance formed. Expecting a rally towards the bearish trend formed on top level which is holding a level close to 27k. We have seen a strong buy back created on the 25k support which is signalling us a possible bullish rally ahead towards the expected target.
Hello Traders, Looking at the chart, Bitcoin BTC might be making a megaphone shape before halving. Watch this space.
Bitcoin has spiked back into the high 26K resistance. While this is a minor resistance, price can go EITHER way from here. So how to navigate the risk around this highly random situation? The first decision you must make is: are you conservative or aggressive? This will shape how you interpret the price action that COMES NEXT. Having a rules based system helps...
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! Weekly DOOM counts still active, MO. The circle looks 3 wave to me, I can't ignore it. Not a clean end. 25k break adds to this. 33k break kills it. I'm sure...
Both altcoins fell by -60-70% after the Binance listing and reached the accumulation area. 💥 what's next? I think you understand. Such fresh altcoins as Aptos, Render etc. are growing very easy and we make a profit on it, but every altcoin(!) depend on Bitcoin. Let's see what's daddy have for us during the upcoming days.