CryptocurrencyWatchGroup

CryptocurrencyWatchGroup

Currently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market. We need to closely monitor whether we can achieve another bounce off this trendline. If...

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Today marks the start of the dock worker strike, which isn't great news for the stock market, and as a result, we're seeing Bitcoin drop significantly. I don't think the strike will last too long maybe around two weeks or so but we'll have to wait and see. It's important to be cautious in the stock market during this period. Currently, Bitcoin is finding support...

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I’ve just laid out support and resistance based on how I see October shaping up. Hopefully, this chart is helpful to anyone interested. If you'd like more content like this, please hit that like button!

CryptocurrencyWatchGroup

Alright ladies and gentlemen, we're looking at the 4-hour chart for Bitcoin. You can see in this highlighted red box that Bitcoin is in a tight spot. This is a make-or-break moment. Bitcoin needs to break above that green trendline to head to the moon, or it risks getting rejected and heading down. Right now, you should keep a close eye on the 4-hour chart to see...

CryptocurrencyWatchGroup

Alright everyone, let's dive into the chart. Bitcoin has pushed up and reached a resistance level at $66,225.00. Currently, it appears overextended, suggesting a potential reversal is on the horizon. However, I believe Bitcoin might have one more push up to the strong resistance level at $67,700.00. From that point, we could see a pullback, but for now, the charts...

CryptocurrencyWatchGroup

We're now using the 4-hour chart. Bitcoin had a strong rally yesterday, approaching resistance at 66,100. It almost reached that level before pulling back slightly, falling just short. For Bitcoin to show bullish momentum, it must break through this resistance. My 50 EMA is still green, indicating that Bitcoin remains bullish. Once it turns white, it signals a...

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We gave the market a few days to react, and last week turned out strong. The FED's rate cut sparked a solid response. Bitcoin has been moving sideways for the past few days, but it just got a boost, forming a double top. This might indicate a potential reversal. For confirmation, we need the current candle to close below the yellow line; if it closes above, we...

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Alright folks, here's my outlook on Bitcoin's path to $100,000. Based on the current technical setup, if Bitcoin can stay within the Pitchfork green zone, we could see it hitting $100,000 as early as 2025. However, if it lingers in the Pitchfork red zone, we're more likely to see $100,000 by 2026. Now, diving deeper into the analysis, my custom indicator has...

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Alright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could...

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Just spotted a bullish setup on the 4-hour chart for the Gemini Exchange. It looks like we could pop to $65,000.

CryptocurrencyWatchGroup

On the Bitcoin Coinbase 4-hour chart, we had a solid day with plenty of buyers in the market. However, as I mentioned earlier, this is just the beginning, folks. Right now, you can see that the Fibonacci 0.618 level has been rejected three times, leading to a drop all the way down to around $62,800. We need this level to hold as support; if it breaks, our next...

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Good news today, ladies and gentlemen! The Fed has dropped interest rates by 50 basis points, which is exactly what we were hoping for. The market has reacted positively, and Bitcoin is climbing, currently at $61,831. We're looking for Bitcoin to close above this support line of $61,689.00 and if it bounces from here, we could face resistance at $62,905. Further...

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Ethereum 4-hour chart on Coinbase looks extremely bearish, with ETH trapped in a descending channel. I'm quite disappointed in Ethereum's performance. Having been around for nearly 10 years, I expected it to be much stronger by now, with a stable trading range of around $8,000 to $15,000. Well here it is support is at $2,222, and we're looking for a potential...

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I don't usually cover US stocks on this platform, but for those following the S&P 500, it had a strong rally over the past few days. However, it’s now facing resistance around $5,650, just shy of the all-time high set back on July 16, 2024. Despite the recent run-up, it couldn’t quite reach the resistance line, and everything now depends on how the market reacts...

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I've got some important updates for you. We're closely watching Bitcoin, and things are looking bearish right now. There's support around $56,700; ideally, we'd like to see it held there for a few days. If that doesn't happen, the next support level to watch is $54,000. Now, the big news is about the Fed's decision on interest rates this Wednesday. It's difficult...

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Alright, on the 4-hour chart from 2 days ago, Bitcoin was hitting strong resistance at $60,800 and couldn’t break through. The crucial support level is now $58,100, which Bitcoin needs to hold to bounce back up if it fails. We're heading down, folks, and you can see it on the charts. Please hit that like button (or is it the boost button?). Have a great day!

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We've shifted our focus back to Ethereum, where on the daily chart, we can see ETH moving within a rising channel. This channel is bearish, as we've seen on the chart. I expect it to drop to $2,118, and if that support level doesn't hold, the next support is around $1,934. Heading into next week, it looks like things could get rough. Thanks a lot, and don't forget...

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Alright, ladies and gentlemen, we had a strong day for Bitcoin, with a solid move to the upside, indicating positive momentum from the bulls. However, Bitcoin is now facing strong resistance at $60,800. If it breaks through this resistance level, we could see a push all the way up to $64,800, which is the next major resistance. However, it's more likely that...