Hello Traders
This is a Follow Up Video for Yesterdays Analysis.
The Analysis did play out so far with a profitable short trade in the end.
The Video will update you about the current weekly range and potential trades.
Take care and good luck trading.
Bitcoin is moving near the Resistance zone($60,800-$56,700) and the Downtrend line .
According to the theory of Elliott Waves , Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone.
From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern .
Also, we can see Regular Divergence(RD-) ...
#BTC/USDT #Analysis
Description
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+ Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum.
+ While the price is trading above...
In my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between...
hello guys...
Technical Analysis
The chart provided is a 15-minute price chart for Bitcoin (BTC/USDT) on Binance. Here's a breakdown of the technical analysis:
1. Rising Wedge Pattern:
- The price has formed a rising wedge pattern, which is typically a bearish reversal pattern. This pattern occurs when the price is making higher highs and higher lows, but...
Despite Bitcoin showing a bear market in recent days, it remains within a range and fluctuating within a demand zone. Our point of interest is still very high, but still valid for the price to take a break before the jump. if you can look the general structure, we can see that where I marked the green circle, there is a lot of buying pressure. This is also an area...
Over the past few years, BTC has shows affinity for Decembers.
If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts.
And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases...
Trade Parameters:
Entry: Buy in the range of $20.00 to $20.50.
Take Profit:
First target: $25.50 - $29.00
Second target: $32.50 - $36.00
Stop Loss: Set just below $19.00.
Additional Notes:
Monitor the price action closely to ensure it stays within the entry range.
Adjust your strategy if significant news or market changes occur.
Manage risk effectively,...
Increadibly, CME is still open now with a secondary formation because of bitcoin volatility
The gap is marked with the orange box with range 59,445 and 62,470
Extremily possible that price will need to go there, so big players do not lose money
Another evidence that price will go there, is that the price of bitcoin is finishing a flag pattern
Target of bull...
The market sentiment for Bitcoin is currently bullish. Recent news and technical indicators show a strong upward momentum.
Key Factors Influencing Bitcoin Price
1. US Political Influence:
Donald Trump's Potential Bitcoin Policy: Speculation about Trump's potential Bitcoin Reserve Policy is fueling demand. If Trump announces plans for the US to become a...
With tensions and volatility continuing among the markets, we revisit a chart that we published almost 1 year ago (August 14, see chart below) when the market was again in a time of high volatility and was consolidating within a wide margin for a rather long period of time (April 17 2023 - August 21 2023):
Back then we stated that a huge rally was in the...
Price is now at strong supply, we need to go down and retest demand to determine downtrend is paused or not. If we see strong reaction at demand, downtrend may be paused to move onto consolidation state. If we lose this demand, downtrend will continue.
Bitcoin - take trade at VAL or VAH
We had biggest volume day on BTC $125B on Binance, Bybit and OKX together
Historically price create range or pullback after it
my local trade will be at VAL or VAH
After a recent 20% decline to $49,000, Bitcoin is currently trading above $57,000, but it might decrease to $51,000. The key support level is $53,500. Bitcoin is again caught in a bearish technical pattern; a closing bullish channel!
There are also rumors of a potential attack by Iran on Israel either tonight or tomorrow, which could drive Bitcoin down to...
Trying this risky setup on BTC after 30min FVG got tagged and we are at the 3D VAH. Aiming for the 3D VWAP but please recognise the risk here.
Break up of the setup 👇
30-Minute Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key level identified on the chart. This gap indicates an area where the price moved rapidly without much trading in between,...
CRYPTOCAP:BTC #BTC Above $56,557 support after good struggle, $58,290-$58,882 test approaching. Expect resistance at $58,290-$58,882 as it's key support area, RSI on 1D and 4H looking good, $56,557 support tested on previous 4H but isn't safe yet. Watch given S/R on the chart
Price Range and Volatility:
I see #Ethereum is predicted to trade within a range of $2,695.10 to $3,503.26 throughout August, with an average price around $3,173.50.
There is a seasonally weak period expected from August to October, which might see ETH prices dropping but still remaining within bullish support levels. If ETH maintains above the $2,555 support...
