BTC / USDT After many liquidation cascades in last few days BTC has reached one of most important support in this boring range (109 days !) The level between 66k-64k is considered to be the mid line support of the big channel 1- If it hold above …A new bullish wave will form and may be even a new ATH 2- If it failed to hold … the price will drop to test the...
Weekly = Trend. Daily = Trend. 4H = Range. Keep it simple, every time we find price at range lows, the order flow shows demand / bid. I could a see a sweep below 65k to take some liquidity. But this all looks very 'normal' and constructive. Next time we hit supply at 72/73k - it will not hold IMO. Note the fib time. I think we grind this zone until end of June...
The moving average system (MA168. MA42. MA24) has become the "Downtrend ranking" and recommends "Short Position at High Level" as the main operating strategy of H4.
In the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel...
Although BTC is currently resting at the demand zone, there is no strength in the background to support a continuous rise. Over the past 2 days, prices inched up slightly but volume decreased significantly, which means there is no demand at the moment. New highs have failed and new lows are starting to form. With this lacklustre reaction, now is a good time to...
Hello everyone, today I decided to do a quick update before I come back with Q3 update in July. I haven't planned to do more updates this month, but I noticed something very interesting in my opinion and I think that more people should pay attention to it. As I said before - my Base Case for Q2 was that this quartal may be the BAD time to Invest in BTC for a...
This fractal from the accumulation period of the high 20,000s is looking awfully similar to something setting up right now... Hmm too much of a stretch? Would love to see how these next few weeks go. COINBASE:BTCUSD
Bitcoin was unable to continue its growth trend, which began in May through the range of $72000-74000. Buyers were not even able to update the previous local high and were immediately hit back: Buyers were unable to hold the local range of $68000 to continue the upward wave from May. And the worst part is that bitcoin's decline is happening on small...
In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a...
Dear Community, I wanted to share some insights on Bitcoin's potential price movement. Based on current market analysis, Bitcoin may continue to trend downward until it completes a head and shoulders pattern, potentially reaching around $61,700. This level is significant as it marks a key point in the market structure. After breaking through this upside,...
Bitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line...
Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
As you can see Bitcoin is trying to bounce from the support area i drawed yesterday. Nothing new for us, and i want to see a lower low as a confirmation of a possible reversal pattern. I am entering long now with a tight stop just below local bottom targeting the 70K area. Will keep updated
H1 - Strong bearish momentum Most recent uptrend line breakout Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Recently, Bitcoin has experienced significant volatility, sharply declining after the flash crash on June 6. Prices fell from the $72,000 level to below $70,000, leading to substantial selling pressure. However, positive trends can be seen in the market as U.S. ETF issuers are buying a lot of Bitcoin, which boosts confidence in the long-term outlook of the...
Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From...
Yes, it certainly seems impossible for this to happen one-to-one. I just wanted to share it as an idea.
#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious...