EconOptic

EconOptic Mar 26

Bitcoin 4-Hour Analysis - March 26 Price is trading inside an ascending channel. After getting rejected at the channel's top, it found support at the mid-channel line and is now pushing back up toward resistance - showing buyer strength. Key Points: Long trigger: Break above channel resistance at $88,497 Rising volume confirms momentum RSI entering overbought...

EconOptic Mar 21

Bitcoin Analysis on the 1-Hour Timeframe: The price is currently moving within an ascending channel. However, on the daily timeframe, this ascending channel appears to represent only a short-term consolidation phase, which diminishes its overall significance. That said, we can still take advantage of the minor fluctuations within this channel. My recommendation is...

EconOptic Dec 25, 2024

4-Hour Bitcoin Analysis The price has formed a new structure, presenting us with a double bottom pattern. The neckline of this pattern could provide an opportunity for a long position in line with the larger trend. This movement is sharper than the previous decline, and each time we initiate a new upward wave, the volume increases. This suggests strength in the...

EconOptic Dec 23, 2024

4-Hour Timeframe Analysis The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave. Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe,...

EconOptic Dec 19, 2024

Bitcoin Analysis in the 4-Hour Timeframe Yesterday, Bitcoin experienced a price correction, reaching the lower boundary of the ascending channel, as the midline of the channel lacked sufficient strength to support the price. The observed correction and decline were stronger than the previous upward wave, which may indicate the sellers' dominance. However,...

EconOptic Dec 18, 2024

KUCOIN:BTCUSDT **Bitcoin Technical Analysis for Today in 4-Hour Timeframe** Bitcoin is currently moving within an ascending channel in the 4-hour timeframe, forming higher highs and higher lows. Based on this trend, our goal is to align with the price's upward movement and open long positions. Given the market's high volatility, it is essential to set wider...