TradeINEX

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📈 Technical analysis BTC/USDT The price of Bitcoin made an impulsive move, reaching a strong resistance level at 38,000. However, it couldn't overcome it and returned to the price channel. The driving force behind this increase was the news of progress in the approval process of a spot Bitcoin ETF for the major fund Grayscale. In the previous review, it was...

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📈 Technical analysis BTC/USDT The price of Bitcoin has made a breakout from the Pennant pattern formed during the trading session. Currently, we are witnessing a retest of its upper boundary. Typically, this pattern is worked out to the height of its flagpole, in this case, in the range of 40,000 to 41,000. However, there are few factors on higher timeframes...

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📈 Technical analysis BTC/USDT The price of Bitcoin has entered the Imbalance 1W zone, where it made a strong upward break through the trendline. The sharp increase in Bitcoin's price is due to the expectations of BlackRock approving a spot Bitcoin ETF. As we have mentioned multiple times, after the rehearsal on October 16th, these expectations will be reflected...

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📈 Technical analysis BTC/USDT As we mentioned in the previous review, Bitcoin's chart now reflects expectations of BlackRock's spot Bitcoin ETF approval. Another reason for the current rise was the news of the SEC withdrawing its lawsuit against Ripple (XRP). Following our scenario, after consolidating BTC above the $28,000 level, it has predictably reached a...

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After retesting the trendline, the price of Bitcoin made a sharp and impulsive move, breaking through the resistance level at 28,000 and entering the 4-hour Imbalance zone, briefly touching the 30,000 mark. This manipulative surge was triggered by fake news about the approval of a spot Bitcoin ETF for BlackRock and resulted in the liquidation of short positions...

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📈 Technical analysis BTC/USDT Bitcoin price failed to overcome the resistance of 28000-28500. After breaking below the lower boundary of the parallel price channel, it has approached a retest of the global descending trendline, which will determine its future direction. Consequently, the price of BTC has moved downwards from the bearish flag pattern that has...

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The price of Bitcoin has entered the 4-hour Imbalance zone, as we warned in all our recent ideas. Consequently, the price has broken above the global descending trendline and moved out of the previous price range. This BTC rally is associated with a significant accumulation of short positions, with the total volume of shorts reaching up to 85% compared to longs....

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Bitcoin continues to move according to the scenario of our last idea. After a retest the level of value zone control point (POC), the price broke through the EMA50 4H line and went beyond the global downward trend line. Now we are seeing a test of a large resistance block of 27000-28000, on which the direction of further movement of the BTC price will depend. This...

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After an unsuccessful attempt to break trend line and the resistance block 27500, the price of Bitcoin began to drop, following the stock market. This happened on the wave of negativity from the speech of Fed Chair Jerome Powell. Thus, the BTC price broke through the lower boundary of the parallel price channel and the dynamic support line EMA50 4H. In case of...