Bitcoin (BTCUSDT) After breaking out of the W bottom at 36.5K, Bitcoin rallied slightly before coming back to retest the neckline of the breakout. In fact, there was an hourly close below the neckline, suggesting a potential failure of the W bottom breakout, but price then quickly rallied above, bouncing off of the neckline and the 61.8 Fib. Price is now back at...
Bitcoin (BTCUSDT) Bitcoin broke out of the W bottom yesterday, and is now retesting the neckline of the breakout at 36.5K. It's a bit bearish that price closed below this neckline, but we need to see if price can close above the 36.5K level. If price moves lower, we have the 61.8 Fib @ 35.6K Ethereum (ETHUSDT) Ethereum had a nice 10% rally after breaking out...
LINKBTC has broken and closed above the neckline of the W bottom pattern, indicating a local bottom with potential for price to head higher. As a result, Im taking a long position, which I might build into a longer term and larger hodl position if markets start to recover broadly.
Im taking a long here on VETBTC pair, as a small speculative position that I hope I can build into a larger hodl position if markets start to recover. Otherwise, I will be happy to treat it as a scalp and take whatever profits the markets offer. The reason Im taking this long trade is because VETBTC broke above the neckline of the inverse head and shoulders...
Taking a long here on ETHBTC at 0.069, with SL below 0.066 and targeting initial TP of 0.072. As always, Im not a financial advisor, do your own research, and stay safe!
Bitcoin and Ethereum are breaking out to the upside. Bitcoin (BTCUSDT) Bitcoin is in the mother of all symmetrical triangles. A break to the upside would give us a potential target of ~$50-52K, whereas a break to the downside would give us a target of $20-22K. In short, which way this triangle breaks will determine whether we resume the bull market or enter...
Bitcoin has been struggling to get above the 40-42K region of resistance, and in fact printed a head and shoulders pattern. It has just broken the neckline of this head and shoulders pattern @ 37.5K. Price could potentially fall to 33.5-34K based on the target from the Head and Shoulders pattern. Please exercise extra caution. As always, everything is just my...
Daily Analysis for Bitcoin & Ethereum
Bitcoin is potentially on the verge of having a huge breakout. We will be looking for confirmation to open a long.
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Ethereum is breaking out with confirmation. Lets take a look at both the ETHUSDT and the ETHBTC charts, as ethereum is breaking out on both charts. Looking at the ETHBTC chart, we see that ETHBTC has been trading in a tight descending channel. As I previously mentioned, if we break above the channel resistance, we are likely to see a big pump. Price has broke...
Price Action Bitcoin has been in a sustained downtrend since the break of the Head and Shoulders pattern at 42K. Since then, support has been continuously flipped into resistance, as we can see at the 42K level and at the 38-39K zone. As Im typing this, we are once again in one of these support/resistance flip zones. 35.5K was the last point of breakdown, and we...
Hi Tradingview Crypto Community! Latest Price Action: Bitcoin is again showing signs of weakness as I am typing this. Yesterday Bitcoin attempted to break above the critical $38-39K support and resistance flip zone on 2 occasions and got rejected both times. The second attempt price actually traded within the 38-39K zone, giving temporary hope to the bulls,...
On ethereum, can the same 3finger bearish pattern that caused us to dump from 3k now help us recover back up to 3k with a bullish 3finger formation
Bitcoin broke down from the symmetrical triangle and closed below the 38-39.5k zone. Consolidated there for a little bit before moving down a second leg (very typical after an initial large break of structure) down to the golden pocket of 34.5k, where it has had a nice bounce. It is now retesting the point of breakout at 38k. Bulls need to close above 38k in order...
Bitcoin forming a symmetrical triangle / bull flag. Very important to see which way this triangle breaks. Especially since it will line up with the horizontal support and resistance zones that we laid out.
Bitcoin is at a critical price zone of ~$40K, which way price breaks will likely determine if we can continue the bull run or if we will start a prolonged bear market. Taking a look at the charts, we see that after price broke down from the $42K level of support, price rapidly collapsed down to $30K. Price then rapidly recovered in a V-shaped recovered back up to...