Bitcoin is almost overbought on the 1H time-frame due to the current buying pressure but on the 1D chart it remains borderline neutral (RSI = 53.457, MACD = -719.220, ADX = 22.714) suggesting that this rally should technically still have some momentum behind it. The first notable Resistance is the 1D MA50, which should be tested today, but in our opinion will...
Each time there are multiple good news. It seems like a Pump story. And there is a catch. Weekly EMA 21 must be adhered.
Bitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the ...
Bitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel . According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel . I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel . Note: If Bitcoin...
On Friday, following the release of the NFP data, Bitcoin experienced a sharp drop. However, by the end of the day, the price failed to gain further downside momentum, and instead of continuing lower to test the support of the flag formation (where Bitcoin has been trading for the past six months), it reversed to the upside. Moreover, yesterday, Bitcoin formed a...
NYSE:FET is one of the leading AI projects in the crypto space, earlier this year it saw a meteoric rise in price up to $3.5. Since then price has dropped around 80% to a local low of $0.70, now recently price has grown and broken the daily downtrend rising to a local high of $1.44 +105% from the lows creating a dilemma for traders... From previous price action...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some time ago rebounded from the resistance level and dropped lower than the support level, which coincided with the support zone. After this, BTC turned around and in a short time rose higher than the 53900 level, breaking it, and then continued to grow to the...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price not long ago declined in a downward channel, where it dropped from the resistance line to the seller zone, which coincided with the resistance level. Then the price bounced up and tried to grow, but soon continued to fall. In a short time, BTC declined...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it reached $61800 level, broke it, and continued to move up. Price reached resistance line, then it turned around and started to decline and soon exited from channel. Next, price continued to decline in...
Exactly a year ago (September 25 2023, see chart below) we published a comparative analysis of Bitcoin (BTCUSD) against the U.S. Dollar Index (DXY): ** Negative correlation and the Fed next week ** We argued of the natural negative correlation the two have and BTC rose immediately to its impressive October 2023 - March 2024 rally, just when DXY got rejected...
Bitcoin is suffering in the daily time frame and it can fall down sharply and reach the limit of 40-48. In the meantime, the dominance of Bitcoin is also falling, which is a sign of stagnation in the altcoin market. Please note that In this case, don't go to them when the coins are pumped because it will be an excuse for your liquidation. The best time to buy...
Hello People This is what is going on with bitcoin in my eyes after a long time of not posting any ideas. BTC on daily timeframe is in a weak downtrend kind of a bull flag but dont let the flag fool you, they could fail just like any other pattern or candle formations. our job is to assess risk and trade in the side of higher probabilities. At the moment on H4...
Market Context: INJ has broken a crucial resistance and is showing strong signs of upside momentum, with moving averages beginning to trend upwards. We are looking for a pullback to the new support level around $17.5 to enter a long position. Trade Setup: Entry: Enter a long trade around $17.5 (new support level). Take Profit: First target: $20 Second target:...
Overview: Another positive day, courtesy of Lord Jerome Powell. Initial jobless claims aren’t exceptionally low, but not alarmingly high either. Year-over-year, the Producer Price Index came in lower than expected—1.7% versus 2.2%. Overall, this week’s data indicates a cooling economy, exactly what the Federal Reserve has been aiming for. The equities market...
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
The price is rising towards the pivot which is a pullback resistance and could reverse to the overlap support. Pivot: 59,560.05 1st Support: 56,602.15 1st Resistance: 61,135.75 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think funds are still flowing into the coin market. Therefore, as long as funds flow into the coin market, the coin market is expected to continue its upward trend. However, I think that...
Current Range: BTC is trading within a significant horizontal range between approximately $52,000 (support) and $68,000-$72,000 (resistance). This range has been respected since March 2024, with several bounces between these levels. Descending Channel Breakout: Recently, BTC has broken out of a descending channel pattern (marked by the white lines). This breakout...