#kafeinvestor Sept 10, 2024 on #BTC BTC is forming an inverted head and shoulder pattern, with the trigger later at 61280 to confirm the UP TARGET to 80960.
Noticed something this morning that there is bullish divergence on the 1W BTC chart. This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside. Possible we see some movement to the upside over the next few weeks?
Hello traders, I have entered the OKX:BTCUSDT.P with $120,000 from here. I will stay true to my goal and wait for it, please don't forget to support me with your likes. Thank you to those who liked and supported.
see and watch :) It seems that the price is forming a Head & Shoulders pattern, which is targeting the $0.9-$1 range...
Hello,Traders! BITCOIN was trading in a Falling channel but now we Are seeing a bullish breakout And after a potential pullback We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello everyone, let's look at the 4H BTC to USDT chart, in this situation we can see how the price is moving in a downtrend channel, and currently we can see how the price has moved upwards from it. Let's start by setting goals for the near future, which include: T1 = $58674 T2 = $60394 T3 = $62412 T4 = $65143 Now let's move on to the stop-loss in case the...
Bitcoin is trying to fish in more retailers. Really glad to be able to see it, in action.
do you? We encountered a peak fear period last week. And altcoins have taken back all gains if not more. YET I remain bullish. Call me what any name you want. I believe in $100k BTC by the end of the year. And onto my top target zone of $123k-150k
The Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an...
Elliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5). Considering we're still in that corrective phase, let's take a...
Patience pays in trading. Sure one can come in really anytime and start trading on the low time frames, but how do you know you are trading in the right direction? This is where zooming out to longer time frames can give you a better outlook on what the market is actually doing. If you only focus on short term time frames for scalps, you can easily miss the...
BTC trades around $55.3k, potentially heading to retest 4HR 50MA or previous support around $56.5k. Reclaiming this zone could be bullish, however, resistance could be more likely due to a bearish market structure and sentiment. A retest of $50k is possible, tying in with Fed’s rate decision, creating bullish divergence and setting the stage for a potential break of ATHs.
Last weeks high: $59,829.20 Last weeks low: $52,551.34 Midpoint: $56,190.27 More sell-off last week in the crypto markets, very tough market conditions continue, hitting the $52,000 bullish OB+ again, the first time being exactly one month before. This area had held as support previously but it needs to hold this time around too, failing that $50,000 is the...
- firstly i want to explain what is US30, you can google it : - US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period". - So basically...when u have a Top30, if one company fail, this company is replaced by number 31. - it's same in football...
follow me and boost this idea for daily analysis look at this trend we BO below 56K support zone and pullback compare the momentum of bear side and bull side really do you want buy here? this is just a flag 10 % we have chance of bull BO this is very clear
Bitcoin (BTCUSD) has been basically trading sideways for the past 6 months following the massive surge at the start of the year due to the introduction of the BTC ETF. There might be no better way to illustrate this 6-month ranged trend than the current chart on the 1W time-frame. ** Buy-Hold-Sell Zone ** On this chart we depict BTC's Cycles in terms of Zones...
In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle. Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically...
Morning folks, So, BTC was so weak that even was not able to form the H&S pattern. Not as bad job data just pushed it below the floor... There are a few bearish signs exist now on higher time frames as well... So, obviously we do not consider by far any long positions. Maybe everything is not as bad yet to consider 44K downside target on 4H chart but... here...