CryptocurrencyWatchGroup

CryptocurrencyWatchGroup

In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88. Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at...

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Amazon (AMZN) closed at $224.19 today, following a high of $225.36 and an open at $222.51. While the stock remains above the 21, 50, and 200 EMAs, signaling a generally bullish trend in the medium term, today’s price action suggests hesitation in the short term. Adding to this cautious outlook, the MACD shows a bearish crossover, which could confirm a potential...

CryptocurrencyWatchGroup

XRP is currently trading at $2.43 after breaking out of its falling wedge pattern, but there’s a twist it broke out with a red candle, which adds some uncertainty to the move. 1. Falling Wedge Breakout: **XRP just broke out of the wedge, a typically bullish signal, but the breakout candle closed red. This could mean the move isn’t gaining the momentum we’d...

CryptocurrencyWatchGroup

Happy New Year, everyone! 🎉 I hope you all had an amazing start to 2025. Let’s dive into the S&P 500 chart because it’s showing some critical patterns that could define the market's direction moving forward. The S&P 500 has now broken below the Rising Channel, confirming a bearish breakdown from the long-term uptrend. This move adds to the bearish pressure...

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Bitcoin had an impressive rally, reaching $100,000, a milestone I never imagined we'd see in 2024. But not only did we hit $100,000, we soared all the way up to $108,392.28! It truly made my day, and I'm sure many others feel the same. We've all been holding for years, and I've been in cryptocurrency since 2009-2010. To witness Bitcoin hit 100k is nothing short of...

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We’re currently looking at Bitcoin on the weekly chart with 6 days remaining before this candle closes. It’s sitting at a key support level of $93,416.91, and Bitcoin needs to maintain this support for the bullish momentum to continue. If this critical support level breaks, we could see a bearish crossover, with the 9 EMA crossing below the 4 SMA. This could...

CryptocurrencyWatchGroup Updated 

I was reviewing some of my old charts and came across this one because the patterns here are really interesting. Back on November 15th, I posted a head and shoulders pattern, but as you can see, it didn’t play out as expected. Every time Bitcoin made a new high, it got rejected and pulled back to the support level. This has happened multiple times Bitcoin goes up,...

CryptocurrencyWatchGroup

The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current...

CryptocurrencyWatchGroup

Bitcoin is currently trading within a bullish channel. If it can break out to the upside, the next target is $111,271.50. However, there’s a significant resistance level at $103,618.77. The DMI (Directional Movement Index) is signaling bearish momentum, indicating a decline in buying pressure. As a result, Bitcoin is struggling to overcome this resistance. If the...

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I recently shared a cup-and-handle pattern on a different exchange back on November 16th. Here's the updated version for Bitcoin it has already broken out and is now finding support around $96,500. This is on the weekly chart, and so far, it’s playing out well. The target for Bitcoin is $121,541.00. Wishing everyone good luck in reaching the 100K mark before 2024...

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On the 15-minute chart, Bitcoin has formed a bearish head and shoulders pattern and has broken through the neckline. It has already bounced off the 200 EMA, showing positive momentum, but the bearish setup could still play out. The target price is $95,217.76, but we’ll need to watch how this develops.

CryptocurrencyWatchGroup

In my last post, I shared a bullish outlook for Bitcoin, projecting a potential climb to $131,000 by 2025 if it maintains its current pattern of gradual climbs and pullbacks. However, I also highlighted a critical level $100,000. If Bitcoin faces rejection there, a 20% correction could bring prices down to $78,000. Now, looking at the current chart, Bitcoin seems...

CryptocurrencyWatchGroup

Bitcoin is currently trading at $95,452, having come very close to the $100,000 level as of November 21. As Bitcoin approaches this major milestone, it’s important to identify key support and resistance zones based on historical price action and technical analysis. Let’s break down the key levels to watch: $90,642 Resistance: As Bitcoin nears the $100,000 mark,...

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Bitcoin is currently facing significant resistance levels, with key price points on the chart acting as crucial barriers to further upward movement. The first major resistance line is at $94,474.97, and if Bitcoin can break through this level, the next hurdle will be at $96,122.29. If Bitcoin manages to surpass both of these levels, it will face a critical test at...

CryptocurrencyWatchGroup

If Bitcoin continues its current pattern of gradual climbs and pullbacks, it could potentially reach as high as $131,000 by 2025. However, if Bitcoin faces rejection at the $100,000 mark, we might see a correction of about 20%, bringing the price down to around $78,000. Such a pullback would be consistent with typical market behavior, where Bitcoin often...

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Wow, what a crazy week! Bitcoin came so close to hitting $100,000, which is definitely what I consider a bull market. Right now, I’ve identified two key levels. If Bitcoin does reach $100,000, expect some resistance and possibly a pullback. The first level of resistance is at $95,218, with the next one at $90,247 for support. I’m keeping an eye on $79,985. Now,...

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The S&P has hit an all-time high, breaking previous records. However, the chart suggests a potential reversal as it struggles to break the resistance at the 0.5 Fibonacci level ($6,019.68). Currently, the S&P is holding at the support level of $5,862.46. To maintain its bullish momentum, it must stay above this support. If it fails, the next support level is...

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For NVIDIA (NVDA), heading into Monday, 11/18, the key support level to watch is $140.31. If the price breaks below this level, it could signal further downside, with the next significant support zone around $133.46. This would be a critical area for bulls to defend in order to prevent a deeper correction. On the technical side, NVDA's recent price action...