Hello everyone, I invite you to a quick review of the BTC/USDT chart on the 4-H interval. As we can see, the price has dynamically returned to the local downtrend line and is currently struggling to maintain its position.
Going further, you can see how the price returned above the support at $59,510, then support at $57,490, and then strong support at...
I think there is a high likelihood we crash to 40k coming months, the price structure is very similar to a Distribution pattern, except these last days. Will be interesting coming weeks/months. I myself will keep hodling.
Bitcoin is currently trading at $56,000, experiencing a significant decline over the past week. This drop has brought it down to a crucial dynamic support level within an ascending channel, which has historically served as a robust foundation for price recovery and trend continuation.
The Importance of the Ascending Channel:
The ascending channel in which...
🪙 Hello everyone. Cryptocurrencies are poised for a correction.
I expect Bitcoin and altcoins to move down from their current prices. The main question remains: are we heading for a near-term correction to GETTEX:54K -$55k, or will we drop below $50,000, possibly to the $40k range.
BTC Liquidation Heatmap:
www.coinglass.com
Indicator for TradingView:
Since my partner @Mayfair_Ventures started talking bearish about BTC in March 2021, and also talking about Wyckoff theory, a lot of commentators picked up on it and made Wyckoff more widely known.
Most likely they read up on it quickly and got some kind of understanding, but unless you have been using it for a while in anger, as in, making real trading decisions...
BENDOG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building...
BTC/USDT is currently in a critical phase, with immediate support at 58,000 USDT and resistance at 62,000 USDT. A breakout above 62,000 USDT could see a move towards higher resistance levels at 71,462.14 USDT and 73,449.96 USDT. However, a failure to break above this resistance might result in a decline towards the long-term support at 52,408.76 USDT. Traders...
USDT dominance is currently holding above the critical support level of 5.20%. A bounce from this level could lead to a retest of the 6.00% resistance, with a potential breakout targeting 7.00%. Conversely, a break below 5.20% might lead to a decline towards 4.56%. Traders should watch volume and RSI signals to gauge market sentiment and potential reversal...
Bitcoin is clearly on a descending broadening wedge pattern. This is a bullish pattern with target at 100-105k. This would also be the 5th and final wave of this bullish momentum that started at 15k. It will be aggressive and quick. I don't believe that this 5th wave will be that short, so my price target is 200k to mark the end of this bull market. Let me know...
BTCUSD Cyle chart
1008 days since Top ( November 2021 69k)
2014-2017 >> Top to bottom = 406 days
2018-2020 >> Top to bottom = 364 days
2021-2023 >> Top to bottom = 364 days
Indicator: Realized Price Log regression
Mayer Multiple (50MA)
Bitcoin Power Law Corridor
MVRV
"Simplicity is the ultimate sophistication"
#btc #bitcoin
BINANCE:OPUSDT (1W CHART) Technical Analysis Update
OP is currently trading at $1.764 and price has reached the bottom of the channel, OP has been trading inside the range and currently price has reached the bottom support line, in the past this support line held strongly multiple times and we are expecting the same this time. If the price bounces back then...
SP:SPX
Economic Resilience: Despite various challenges, the U.S. economy has shown remarkable resilience. If this trend continues, it could support higher stock prices.
Normalization of Interest Rates: The Federal Reserve’s normalization of interest rates, rather than aggressive tightening, could create a favorable environment for equities. If inflation...
TOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.
For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can...
Solana has been one of the best performing majors so far this Bullrun, and has had one of the best reactions to the recent sell off.
The DAILY chart is an interesting one and clearly respects the range structure, currently the price has just rejected off the MIDPOINT and for me is an area of contention, there are some triggers i'd like to see and can take action...
just as expected, #BTC moved to fill the gap area but the upward move was a bit sharp so shorting BTC or other coins can be a bit risky now. if fact as long as the Blue trendline isn't broken, the upward move can continue.
As mentioned earlier the gap area is now a resistance zone. Also there's a supply zone just above the gap area and is overlapping with the...
Just as what was predicted, BTC moved to fill the gap area in 59,400 - 62,400 one. in the upcoming days we need to observe BTC's reaction to this gap area.
