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...
Cup and Handle Pattern: The Cup: The chart shows a rounded bottom formation that resembles a cup, often indicative of a longer consolidation period before a breakout. The Handle: After the cup formation, the price appears to be forming a handle, which is a short-term downtrend before the breakout. The handle often slopes downwards slightly, and once the price...
Bitcoin Support & Resistance- 09-Sep-24 Further to my post last week, The supports are working fine and 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out. Supports provided with clear mark up in the chart.
Overview: U.S. futures ( CME_MINI:ES1! and CME_MINI:NQ1! ) performed well during late Sunday hours, signaling a potential green candle for stocks and alternative assets. However, COINBASE:BTCUSD closed the past week with a red candle, failing to hold the critical $55.9k level. A new trading range has emerged between $52.2k and $55.9k. Over the weekend, no...
Technical Analysis of the Chart by Blaž Fabjan: Descending Trading Channel: BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal. Support and Resistance Zones: Support: The two orange zones indicate strong...
Trading near $0.814, testing the lower boundary of a descending channel. Immediate support is highlighted around $0.673 to $0.571. A bounce from this zone could initiate a bullish move. The upper boundary of the descending channel acts as resistance. A breakout above this channel is necessary for further upward momentum. A strong bounce from the support zone...
The BTC/USDT weekly chart shows Bitcoin currently trading near $54,996, testing a descending trendline and a key horizontal resistance zone between $60,000 and $65,000. There is a significant support zone between $43,000 and $46,000, which Bitcoin has respected in the past. This zone could serve as a strong base for a potential bounce if tested. The highlighted...
The price is rising towards the pivot and could drop to the pullback support. Pivot: 56,076.51 1st Support: 51,311.00 1st Resistance: 57,315.18 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 for all investors, so please...
Bitcoin clears 56K support even while attempting to confirm a reversal in the 60k area a week earlier. With price back in the 53K to 50K area support, this is a time to watch for short term reversals as well as an investment opportunity. At the same time, there are two very important lessons to be learned from this recent support break situation. The arrow on...
see this idea in chart time frame = W - D - H4. I do top-down analysis and the BTC has more room to go down. thanks. FOLLOW - for more latest ideas based on top-down analysis. thanks RoboTechTrading
BTC is in a range before market opening and i think there is correction to higher level after this bearish trend,and next we will dump to low levels
Good Evening and I hope you are well. tl;dr bitcoin: The drawn bull gap is now tested the third time in 2 months and at some point it will break but betting on breakouts in trading ranges is a losing strategy. R:R is on the bull side until bears get a daily close below 52400. Also a clear bear trend line, so look for weakness if we get a pullback to it. ...
By analyzing the #Bitcoin chart on the weekly timeframe, we can see that over the past two weeks, the price dropped from $65,000 to $52,500 and is currently trading around $54,400. If the price remains below $57,870, we will likely see further declines in Bitcoin. The potential targets for this drop are $50,750, $49,000, and $44,100. After a short corrective wave,...
Good morning everyone and welcome to another weekend session. Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6. this is very...
Bitcoin correction to the downside is still not being done on the daily and weekly timeframes. Next target is to the lower of the uptrend channel at area 39k - 40k before the next big up movement.
BTC Trade Idea I expect BTC to hit the GETTEX:49K level, potentially dipping slightly lower as it fills a weekly Fair Value Gap (FVG). This zone will act as a key reversal point, where I anticipate a strong bounce and eventual rally back toward the all-time high (ATH). I’ll also show confluence with the XRP chart, which is presenting a similar bullish...
I've reviewed hundreds of coins in the past few days, and I can confidently say — they're in a tough spot right now The charts have dropped so much that many no longer believe in the success of these coins. As an analyst, I see global descending wedges starting to form — a phenomenon I observed before the previous bull market. As for BTC, I’m seeing prolonged...