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37.75-38K is vital for long termMorning folks, BTC shows some tiredness from constant anticipation of ETF approvement. Any news do not trigger the same action as before. Still, market keeps bullish context and we do not consider any short positions yet. At the same time, we think that 37.75-38K area will be vital for BTC next step. Breaking of 38K opens road to 42K target, while failure to break it could trigger more extended downside action. That's why, if you plan to take long position - take this in consideration. Either tight stops when market comes to 38K or use stop buy order above 38K or just wait what will happen. 38K is yearly pivot resistance 1. This is the edge between existing bearish long-term trend and potential new bullish long-term trend. If price remains under YPR1, it means that upside action is just a retracement within long-term downside tendency.
COINBASE:BTCUSD
by Sive-Morten
36K is a vital levelMorning folks, So, the pullback, based on 3-Drive is done. Long-term upside target is 42K. But, now market stands on tricky background. It has to keep going higher to new top to confirm bullish context. Until it stands around the top - maybe nominal, but chances exist for downside deeper retracement. That's why, if you plan to go long - don't place too far stops and watch for 36K support area. Normal bullish market has to stay above it. If it breaks it - something is wrong with bullish context and deeper retracement is coming.
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂ FIL/USDT DAILY ⏩ $4.30 / $4.50 In the daily time frame, as you can see, the price has experienced growth, moving from the demand zone and breaking through the $3.50 resistance, reaching the price range of $4. Currently, it seems like the price is in the process of completing a pullback. What we can expect is that, after gathering liquidity and with a confirmed confirmation, the price may grow from the liquidity void area back to the $4 price range, as indicated in the image above. The significant support levels in the daily time frame are $3.50 and $3. 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
SasanSeifi 💁‍♂ Analyzing Price Trends and Growth PotentialHey there! In the daily time frame, as you can see, the price has been fluctuating within the range of 0.10 after breaking out of the downtrend and rebounding to the 0.11 level with some partial positive fluctuations. Currently, it's trading in the price range of 0.1240. There is a possibility of growth towards the liquidity range. Currently, the expectation we can have is that if the demand range of 0.11 is maintained, we may see further growth towards the target of 0.1350. To better understand the continuation of this trend, we need to observe how the price will react. If it can penetrate above the 0.1350 range and maintain that position, further growth in the medium term can be considered towards the supply range of the price levels 0.1550 and 0.1700. 📈🚀 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
Long
by SasanSeifi
Wait is a better choice for nowMorning folks, So, 3-Drive "Sell" has reached potential reversal point. What do we have now? DXY shows bullish weekly grabber, suggesting return back to 107.5 top, yields are raising. On daily BTC we have bearish grabbers, suggesting downside action, and here - 3-Drive "Sell". This combination tells, that if even you want to buy BTC - it would be better to wait a bit for some pullback. Besides, some analysts, including JP Morgan suggest that ETF approvement mostly is priced - in already. Anyway, overall combination of the factors suggest that it would be better to wait a bit and not buy BTC right now. Decision on scalp short selling is up to you...
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂15% Price Growth as per Latest Analysis 🔥Well, as you can see from the latest analysis, the price has made a pretty impressive 15% jump, almost hitting that second target of $0.020. Right now, it's trading in a range around $0.018.✅🚀 💹What we're hoping for is that, after this period of range-bound action or maybe a little correction, once the pullback process is all wrapped up and confirmed, we might just see it making a sweet move up to the liquidity zone at $0.021/$0.022. You can even check out the possible trends in that chart up there. ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
Watching for 37-37.1K areaMorning folks, BTC is exploiting the same ETF topic, coming to the target of our 3-Drive "Sell" pattern. Major context remains bullish, so we do not consider taking any shorts. Although scalp traders, could start watching for bearish patterns on 30 min and below around 37K area, if reaction on 3-Drive starts. If 3-Drive works properly, we could get some deep for taking long position. Invalidation point of short term context stands around 33.30 lows of current consolidation. Market has to stay above them to keep bullish sentiment.
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂APT ⏩ 8$ / 8.70$Hey there! In the daily time frame, the expectation we can have is that the price may grow to the range of 8 dollars. The significant support range is at 6.50 dollars. 📈🚀 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
Long
by SasanSeifi
3-Drive instead of H&SMorning folks, So, BTC keeps positive mood. Environment also stands friendly - DXY collapsed and yields are going down. We sill consider market reaction on strong weekly resistance area of 36K, but change the pattern that could put the start for this reaction. Last week we've considered possible H&S. Recent price action now makes us to change our view in favor of 3-Drive "Sell" pattern, because H&S shape is clearly deteriorated. It means that 36-36.25K area potentially is the one where reaction could start
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂Price Growth Expectations After Daily PullbackIn the daily time frame, the expectation we can have is that, after completing the pullback process, the price will likely continue to grow as it moves towards the supply zone. 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi