Hi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near...
🪐 The Mercury in Retrograde cycle has begun today and will last until 28/08/2024
What astrologers "recommend" to do during this period, and what not, as well as to believe in it or not, is an individual matter)
But the coincidence of the night market drain with the beginning of this period is very conspiratorial!)
Another interesting "coincidence":
🔴 4 cycles...
I have an idea for ETH & BTC.
Simple look back to 2020-02-24. ETH down 70% before jumping.
Same with BTC, it divided 2.5 times from local top 10K to 3K8 (around 63%)
From CoinGlass check the liquidation heat map for ETH and BTC.
With current situation, if BTC and ETH price turn down 63% for BTC and 70% for ETH then bottom price will be around 25K for BTC, and...
x.com
Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE.
From 15 of the major...
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements till next week.
No more talks, BTC is in a very serious situation. At the end of the next week, BTC may reach 60-62K and after that drop to near 50K level.
📡Please visit the recent positions.
💌Thanks for your support and energy.
Everyone is running around with their heads on fire over a textbook bullish descending broadening wedge pattern.
Which I’d say is pretty damn bullish.
If we’re lucky, the negative sentiment will trigger a short squeeze, to shake out the leveraged degenerates out of the market, before the bull run.
Don’t be a bitch, buy the dip.
Falling Wedge Pattern:
The chart shows a clear falling wedge pattern, which is generally considered a bullish reversal pattern. The price has broken out of this wedge to the upside, indicating potential for a significant upward movement.
Support and Resistance Zones:
The chart features multiple horizontal zones marking areas of support and resistance. The...
Bitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF...
Descending Channel: The price is currently moving within a descending channel, indicating a downtrend. However, the annotation suggests a potential bullish breakout if certain conditions (such as deploying a bridge with Solana) are met.
Support and Resistance Levels: The chart shows several horizontal lines representing support and resistance levels:
Resistance...
Morning folks,
Wow, we've talked about just 60-61K pullback, but BTC just collapsed and has become once again the victim of sell-off. Investors sell "bad assets" to plug holes in balances of "good assets". And from this point of view - BTC is a "Holy cow" of this process.
Besides, when 30% of the market is controlled by ETF, I wouldn't be surprised by any...
CRYPTOCAP:BTC #BTC Nose dived to $52,529 support! RSI on 1D and 4H both in oversold region awaiting sign of reversal. Last 4H close looks good, $56,557 key support to be regained which will resist, $50,552 next key support from here, and $48,362, $46,979 if drops further. No clear sign of reversal yet, watch given S/R
Made new High inside of Weekly and Daily and now broke back inside of old high and making a new series of Lower Highs and Lower Lows. This is not a longterm of the current picture of BTC. Major Trend is Bullish but we could experience some pull back in the market where Larger amounts of money can now enter again.
Trend Analysis:
Down Trending Market: The market...
The market saw a massive pullback following Friday's employment data. Not just crypto, but almost all risk assets fell. U.S. employment data in July showed that the employment situation has deteriorated. After that, the interest rate swap market priced in the Federal Reserve to cut interest rates by 50bp in September. This did not bring about a pump, on the...
We are going to face the downward angle 1 as resistance soon, we have GREEN BARS< TRAPZONE AND UMVD. so current Trend is on the upside.
Watch out if we stall and break angle 3 going up and start sliding towards angle 2. Angle 2 should provide support in that case.
BINANCE:BTCUSDT
Bitcoin can reach up to 57K after then drop to the PRZ zone (47K).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always...
1. Current Situation
Bitcoin is experiencing a significant downturn, reaching levels not seen since February. The primary concern is how much further it can drop, with potential for a short-term bounce.
4. Current Price Action and Short-term Projections
- Bitcoin has already seen a 25% move to the downside from its recent high.
- Short-term projections suggest...
Let's update our #Bitcoin #CME 1D chart;
If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels.
In the meantime, I have always voiced the danger of the gap it leaves behind as it rises.
While filling the gap, it left a new gap at the same...
There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000.
For...
