Hello!
I have been working with this trace for quite some time, and am pleased with its fit to the level’s of support and resistance.
This is fit, not only to the historic levels, and the relative timing of the expansion / compression patterns, but also to the forecasting levels.
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Dotted lines are resistance… they originate between...
In this video, I present a follow-up to my previous Bitcoin analysis, diving deep into a crucial key level. I’ll outline a potential trade scenario that could develop in the coming days and discuss why this setup is particularly interesting to me. I also explain which trading setup I prefer and why it’s the best fit for my strategy.
If you find this analysis...
#BTC/USDT #Analysis
Description
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+ It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate.
+ As the downtrend continues to...
The price of Bitcoin is moving in a broadening wedge pattern. Recently we saw a flash dump in the market after the unexpected CPI data figures. After this dump, the market is in fear. But this is a good time for accumulation. We have to focus on buying these kinds of dips. Historically we saw the same price pattern in the 2020 COVID-19 crash.
BlackRock didn't...
🔍 BTC/USDT Analysis: Key Dates and Strategic Insights for the Bull Run and Beyond 🚀
The BTC/USDT chart reveals crucial upcoming dates that could significantly impact Bitcoin's price action:
September 2, 2024 - Green Line: A potential local low, presenting an opportunity to accumulate BTC before the next leg up in the market.
January 6, 2025 - Red Line: This...
hello guys.
1. Price Action & Market Structure:
• Bitcoin has experienced a sharp drop, followed by a recovery within a bullish channel.
• The price is currently consolidating near the upper middle of the channel, which may indicate either a continuation of the upward trend or a potential reversal depending on how it interacts with key levels.
2. Key...
Bitcoin (BTCUSD) has experienced a sharp drop over the past 2 weeks, causing a test of the 1W MA50 (blue trend-line), which as explained in a previous analysis, this has only happened once during a Bull Cycle.
As today's idea shows though, what caused massive panic and liquidations recently, can be seen as merely a technical attempt of the market to re-adjust and...
If news such as war or news that shocks the market does not come, I expect Bitcoin to return to its serious supply again and probably clear it this time and a new ATH is on its way.
the chart structure has changed slightly, for the better in my eyes.
the chart now favors the bull case—a bull case which will take a lot of lives before beginning.
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what i'm portraying here is a massive, weekly bullish 1-2 setup—similar to the one we experienced between 2018 and 2022. the dip for "the covid crash" was wave 2. i'm anticipating we see a...
Last weeks high: $62,761.55
Last weeks low: 49,017.27
Midpoint: $55,889.41
Quite the week in crypto just gone. From our first sub $50,000 BTC since mid February thanks to the JPY rate hike , a single day decline of -16% on Monday to then a strong recovery of +28%, a lot of volatility.
The two peaks for the week coincide with the 4H 200EMA resistance level ,...
We can see that the price of bitcoin is lateralizing in the form of a 5-month bearish flag to liquidate Stop Loss. We may be on the verge of a bullish explosion in the price of bitcoin in the coming weeks as it has bounced off the weekly 50 EMA and the weekly, daily and 4-hour Squeeze Momentum is in red which tells us that it is possibly already at its peak. last...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Morning folks,
So, Thursday plan worked nice - market was around 63K. Now situation is a bit tricky. First is, geopolitical situation is coming to the boiling point. Any activation in Iran will make negative impact on BTC, besides [b ]we have bearish grabber on 10-year bonds , suggesting drop back to 3.65% level. So geopolitical worryings are not in vain....
