Given that the JP Macro Trend script integrates DeMarker and momentum indicators and now includes the OBV data, we can refine the analysis and attempt to outline a more informed probabilistic outcome for the short and longer term. However, it's important to note that probabilities in market analysis are inherently subjective and can vary widely depending on...
we have a displacement after taken sell side liquidity and retest FVG so we will see a expansion to taken liquidity buyside at 67319 - Tading is probability control your risk management. Good luck !
Intraday Chart: The intraday chart will play a major role today. 1. A bearish break-out below $60,239 results in a dip towards $58,624 and lower to $56,698. 2. Re-claiming $61,742 is what we need today as it will decrease risk of downside in the daily and weekly charts and likely to lead to $63,245. 3. Similar to yesterday, a slow and choppy consolidation...
Don't Expect a Get-Rich-Quick Scheme: Spot Bitcoin ETFs and Long-Term Strategy The recent approval of 11 spot Bitcoin ETFs by the SEC in January 2024 sent ripples of excitement through the cryptocurrency community. Many envisioned a meteoric rise in Bitcoin's price, fueled by a sudden influx of institutional capital. However, a month later, reality presents a...
Technical Analysis and Outlook: Bitcoin has consistently respected our Mean Res 64000 in this week's trading with the projected Intermediary Squeeze Retest target to Key Sup 58300 and completed Inner Coin Dip 57200, which is in progress. This is expected to lead to a renewed Bull Stage movement, targeting the Mean Res of 64000, 66900, and beyond once again.
Intraday Chart: The intraday chart could save Bitcoin as long as it is trading above $60,239. 1. A bearish break-out and a sustained price action below $60,239 results in dip towards $58,624 and, if broken to the downside, lower to $56,698. Re-claiming $61,742 will be ideal, as it will decrease risk of downside and likely to lead to $63,245. A slow and choppy...
Dominance for bitcoin has been sideways and last week or so no major movement up.or down ,wave trend shows a curve forming on BTC dominance which historically been a downward movement on the 3 day chart
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle...
As I'm sure you've noticed, my posts have really slowed down. I'm just focusing on other things in my life, and it's mostly been good. Some hard times very recently, but that's how it goes. I hope you are all alright and trading safely :) Now...to Bitcoin. Volume is declining overall as less actual Bitcoin is traded. Hardly any coins have been sent to exchanges,...
Amidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political...
Following CRYPOTLEAN projections to the point, BTC tested the top of $60,239 zone and we saw a bullish rejection leading the price to $63,245 resistance. 1. A dip to $61,742 followed by a strong bullish rejection can lead to a long scalp opportunity towards $63,245 and higher to $66,786. 2. A bullish break-out of $63,245 will lead to more upside towards...
Bitcoin looking bearish loosing momentum trend is showing sign for a corrective phase the trend is your friend
Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a...
In this video, I shared my view on BTC after the halving event. I anticipate a bearish move towards last weeks low. Price below this low would provide an opportunity for long term buyers to add new positions to their portfolio. The potential move towards this low will provide an opportunity for short term traders to capitalise from the downwards move. Let me...
BTC managed to break up the channel down pattern, but failed to penetrate resistance at level 64435 This level is a bullish confirmation level, which means bullishness will continue if 64K breaks up Currently the consolidation is heading towards bearish with a maximum target at 60037, and there will be a pump if this level is touched this week I will update this...
FTX customers to get money back: Lawyers for bankrupt crypto exchange FTX said customers will receive the funds lost when FTX went bankrupt in November 2022, plus interest. The payout will likely take months and still requires approval from a bankruptcy judge. Regulator cracks down on Robinhood: The SEC has issued a Wells Notice informing the crypto arm...
1 graph that says it all.. Bitcoin history and a blink for the future?
I am confident in my analysis because it is a fact. If you think otherwise, you don't know what you're doing or you believe those who don't know what they're doing. See you at the top, my friends. PS Don't forget to SUPPORT and FOLLOW the analysis if you like MoralDisciple more.