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BTC is breaking out from the ascending triangle pattern in 1hr time frame. We have an important resistance at the $60kk-$62k level. Once we break and close above this resistance level, expecting it to hit $70k soon.
What are your thoughts on BTC's current price...
Bitcoin has broken its downward trendline in the 1-hour timeframe, indicating a relative return of buyer strength. This breakout could lead to liquidity accumulation at higher levels.
Potential Scenarios:
Rise to Around $61,000:
After breaking the downward trendline, Bitcoin might move towards the $61,000 range. This level could act as a liquidity...
WIF has recently shown strong performance, rising over 65% from its bottom at $1.08. Currently, the price is pulling back towards a key support zone at $1.50, which also represents a significant psychological level and a potential demand zone. This pullback offers an opportunity to enter a trade, with the expectation of a bounce from support.
Trade Plan:
Entry:...
AIDOGE/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...
Current Market Situation:
Bitcoin (BTC) appears unstoppable as it heads towards the crucial $60,000 zone.
No-Trade Zone:
BTC remains in a no-trade zone, with potential triggers only occurring at key extremes.
Key Levels to Watch:
Upper Extreme: $60,000
Lower Extreme: $53,500
Trading Strategy:
Wait for BTC to reach either the $60,000 upper extreme or the $53,500...
BINANCE:BTCUSDT (1W CHART) Technical Analysis Update
Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000.
If this reversal trend...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time traded in the range, where it fell to the resistance level, which coincided with the seller zone, and then rebounded up to the top part of the range. Then BTC turned around and dropped lower than the 66700 level, breaking it and some time traded...
In my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point.
As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than...
CRYPTOCAP:BTC #BTC As expected broke below $56,557 support yesterday, currently back above it, $54,363 support held, Could put bullish engulfing on current 1D candle, approaching $58,290 test, RSI on 1D progressive since yesterday, also looks good on 4H. Nest key resistance at $60,629.
COINBASE:BTCUSD
Bull Flag in Play:
The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision.
- Support and Resistance:
- Support: The first target zone around $51,000 has been tested, providing immediate support.
- Resistance: ...
COINBASE:BTCUSD
Bull Flag in Play:
The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision.
- Support and Resistance:
- Support: The first target zone around $51,000 has been tested, providing immediate support.
- Resistance: ...
Bitcoin has corrected after a big rally.
In such cases, after big rallies, you can look for sell/short positions in the premium areas of bearish waves or look for buy/long positions in fresh supports.
We are looking for buy/long positions in the demand range. This is a new demand
Closing a daily candle below the invalidation level will violate the...
Greetings everybody,
So, bounce that we've discussed last time is started. And BTC is already at the 1st Fib resistance area of 57K. On intraday chart we have AB-CD pattern with the target around 63.2K that perfectly Agrees with next 5/8 Fib level at 62K area.
If market will fail to break 57K up, we do not exclude appearing of downside butterfly and attempt to...
Bitcoin is constantly recording lower H's and L's.
Also, the structure of Bitcoin is also bearish in large time frames.
A lower L is expected to develop once again.
We are looking for buy/long positions in the demand range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and...
👉🔍 In this video, we conduct a thorough analysis of Bitcoin (BTC). Recent data suggests that BTC has exhibited significant bearish momentum. Given this trend, I anticipate a potential retracement, particularly as the price has approached a critical support level. My strategy involves closely monitoring the 15-minute chart for signs of consolidation or sideways...
BTC/USDT 1-day chart update
Current price: $56,777.38
BTC has shown a significant bounce from the recent low of $54,730.00.
The price is currently testing the $56,777.38 level.
The immediate support is around $52,408.76.
The green rising trendline is a crucial long-term support level.
If BTC continues to rise, it could face resistance at the $62,000 level, which...
THERE'S A CHANCE BITCOIN MAY GO TO $43000. We hit my nominal target of $56000 three times now during this larger time frame correction, which started at the ATH in March. It SEEMINGLY looks like we got the 'final' bounce off the 50% retracement fib @ $49000. HOWEVER, I don't like the way she's just hanging out mid-air between trend lines. This typically gives me...
#BTC/USDT #Analysis
Description
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+ After the Bitcoin halving, the expected price correction began in late 2019 and continued through the first quarter of 2020.
+ In 2020, BTC was anticipated to break out from resistance after 35 weeks of correction. However, due to the unexpected COVID-19 black swan...
