In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle. Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak. Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase,...
BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward...
In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern. Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected. Bull Run from Bottom (1,064 Days): In...
Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI...
In the last three Bitcoin cycles, the price has shown significant upward movement following U.S. elections. After the 2012 election, Bitcoin surged nearly 11,000%, followed by a 2,800% increase after the 2016 election, and a 370% rise post-2020. With the 2024 election just 17 days away, we could potentially see another strong move, expecting a 100-200% increase in...
PENDLEUSDT Technical analysis update PENDLE has formed a Raising wedge pattern on the daily chart, and the price has recently broken below the wedge's support line in day chart. This breakdown suggests potential bearish momentum in the coming days, with a possible decline toward lower support levels.
ETHUSDT Technical analysis update ETH has been trading within a triangle pattern for the past 90 days, with the price repeatedly testing the triangle’s support line. If the price breaks below this support, a rapid drop to the $2,100 level could occur before any potential rebound. On the weekly chart, the 100 EMA is acting as a support level for the current...
ZETAUSDT TEchnical analysis update ZETA has formed a bearish triangle pattern on the 4-hour chart. A breakdown below the triangle's support level has been confirmed, suggesting increased bearish momentum. With this breakdown, the price may potentially drop to the $0.34 level as the next support target. If selling pressure continues, further declines could occur...
FTMUSDT Technical analsysis update BINANCE:FTMUSDT has formed a bearish head and shoulders pattern on the daily chart, with price moving the support level below. If a breakdown is confirmed on the daily chart, we could expect a potential drop of 20%-60% in FTM. Additionally, the price has fallen below the 100 EMA, adding further confirmation of a bearish...
MEWUSDT TEchnical analysis update MEWUSDT has formed an ascending broadening wedge pattern at the peak, indicating potential bearish momentum. The price breakdown has been confirmed on the 4H chart, and a retest of the breakdown level has been completed, reinforcing the bearish outlook. The price is now moving steadily toward the lower levels of the pattern,...
Happy Bitcoin White Paper Day! 📜✨ Today marks an essential day in digital assets and decentralized finance. On October 31, 2008, Satoshi Nakamoto introduced Bitcoin to the world through a revolutionary nine-page white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System." This blueprint set the foundation for the first decentralized digital currency,...
Will Bitcoin hit the ghostly 100K milestone? This chart playfully shows the journey, with BTC carving out its path like a Halloween pumpkin, aiming for the top with some holiday spirit. Happy Halloween to all HODLers! 🎃👻
As Halloween approaches, it’s the perfect time to reflect on the common “frights” that can scare traders away from success. Just like ghosts and ghouls lurking in the shadows, trading mistakes can be sneaky and unexpected. This post will highlight some of the most common trading mistakes, drawing parallels with Halloween themes, and provide strategies for avoiding...
BTCUSD technical analysis update BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200%...
BINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish...
BINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update. BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets. SOL has already risen 2600% from its...
SOLUSDT Technical analsysi uopdate SOLUSDT has formed a cup and handle pattern on the weekly chart over the past 1080 days, which is a bullish signal. The price is currently forming the handle, and once it breaks above the handle's resistance, we can expect a strong upward move, signaling the continuation of the long-term uptrend. Regards Hexa
BINANCE:BTCUSDT on the daily timeframe is forming a descending broadening wedge, with the price currently testing the upper resistance trendline. This pattern often suggests a potential bullish breakout if the price successfully surpasses the resistance. The volume profile shows significant trading activity between $65,000 and $67,000, indicating this range as a...
