CRYPTOCAP:BTC price action is currently consolidating in a Pennant Pattern.. Whether this Pennant is bullish or Bearish remains to be seen! Current Price: 64100 The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near! $Bitcoin price action needs to remain supported above 60k to go back to all...
Weekly Chart: Yesterday, the weekly candle closed red, but indecisive, right on top of the support at $61,263, which is also the mid of the weekly range zone. The wide weekly range zone between $54,758 and $67,769, highlighted to CRYPTOLEAN community a few months ago, is characterised by a slow and choppy price action and I have consistency said that a dip to...
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...
I am saying this again: #bitcoin #btc price MUST reclaim BLUE daily ichimoku cloud on the chart to be bullish, otherwise daily EMA200 will likely be the next downside target. Not financial advice.
BTC ~ 12H #BTC On a slightly larger time horizon (12H), We see BITSTAMP:BTCUSD Moving in a descending channel. 2 scenarios for this. A break of this pattern's Resistance Line will break this descending channel pattern. or #BTCUSD Needs to Retest the Support Line in this descending pattern. this is only for the short term. we are still bullish for the long term.
CRYPTOCAP:BTC ~ 1H #BTC At smaller times (1H) we still see a bear pattern here. We don't expect this to happen, but if the price goes towards $55,000 - $51,000, we will make very large purchases here.
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 $63,245. 3. Similar to yesterday, a slow and choppy consolidation...
BTC ~ 4D #BTC There is always a fakeout before further increases. We are still bullish on the crypto market so far. Our target is 10 - 15 months after the halving occurs.
Context: As we know the Crypto market always follows the range analysis, the ranges I have drawn here is year-21 ranges. In this massive PA, the price has been failed the hold the ATH-69807, level & it has been rejected from that level. Now the price is situated in the first Quadrant of the ranges, So now its a million$ question will the price going to hold this...
As you can see BTC has reclaimed and retested a large level of support. After testing this level 3 times over, it was finally broken, only to fail right after and be reclaimed. After waiting to see how this level would hold it is currently being retested for the fourth time over, providing the perfect opportunity for a long. Several banks have indicated they now...
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...
Bitcoin opted for the most positive scenario in my previous idea. It represented the most favorable outcome, so I am also hopeful that this is what will unfold. There is a significant liquidation heatmap of + SEED_TVCODER77_ETHBTCDATA:1B at $67,500. Since the bulls have already managed to pump to GETTEX:64K , it would be a shame to miss this opportunity to...
#bitcoin #btc price declined from trend line with yesterday's dump and now #btcusd is retesting the former support, bearish retest of the breakdown. Declination will be the confirmation.. Not financial advice.
Judging from the graph, there will be another decline, and there is a high probability that a strong support will be formed near 59500. I have marked the approximate position on the graph. After the price reaches this point, start going long, rebound to near the upper resistance, and take profits in batches. Pay attention to risk control during the...
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...
#Bitcoin Monthly Chart After the breakout of the previous all-time high, BTC is currently retesting it. The most possible scenario for Bitcoin, in my opinion. What are your views on this chart?
As long as the red box is not broken, lower numbers can be seen
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...