Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...
Bitcoin appears to be compressing near all-time highs in what looks like an ascending triangle. Previously, Bitcoin would pierce the ascending triangle to the downside and the result would be the liquidation of all of the leverage in the system, then the price of Bitcoin would proceed to chop around more before eventually moving higher. Essentially, the ascending...
Bitcoin Breaches $69,000: A Bullish Breakout or a Fleeting Glimpse? Bitcoin (BTC) bulls were ecstatic as the world's leading cryptocurrency climbed above $69,000 during early Asian trading on June 3rd. This move marked a significant milestone, breaking a resistance level that has held firm for the past 12 weeks. However, the crucial question remains: is this a...
Just like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is...
As I marked out you can see a descending channel followed by a bullish pendent that's breaking out. I've also marked out key levels that price bounces from. As of today price has reacted of the range of 67500 (Each level being marked 2500 apart). I believe we can be seeing prices reaching 82500 pretty soon! Hope everyone is having a successful trading day so far....
BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price...
Hi all, Great play right here on Bitcoin. I did 100X long at 68.7K Once we get to the pink line is where I'm closing. I will also open a short right at that line as it should reject and quickly dump. Good Luck.
After shift market structure and rejection of ob ans fvg we will see a continuation to taken liauidity buyside we will see BTC in a new price - Tading is probability control your risk management. Good luck !
DON'T GET SHAKEN OUT. You just need to know that, and i think it's enough. Bitcoin is testing your patience, and it can probably drop a bit more before a strong upside moves that will lead the price above $75.000. Every dip is now an awesome gift, and doesn't matter how deep the price can drop now, we are going up and we will reach new ATH in some weeks/months
60000 $ to 61000 $Price Range is quite holding well. ➣ Bitcoin price is forming rounding bottom in the 60k-61k price zone. ➣ While 65000 $ is the major resistance. We may some good action this point. But the Weekly and Daily uptrend is intact which confirming the BUYING sentiment. ➣Accumulate at current market price we may see further upside in coming sessions.
CRYPTOCAP:BTC has broken the long awaited channel , Next Target will be Red Line which I Marked on the chart
Seems we completed this correction phase with the Weekly oversold at the bottom. Looking for the cloud recovery to hold as we impulse higher. Prevailingnine 5/25/23
Bullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear...
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?
Bitcoin has entered a critical juncture, with its price dipping below $56,500 this week on 1st May. This decline has ignited a debate among crypto analysts, traders, and Investors: is this a temporary blip or a sign of a deepening bear market? The current drop has some crypto analysts worried about a potential freefall. They point to the proximity of the price...
Ah, behold, fellow seekers of truth and fortune, for on this illustrious 1st of May in the year 2024, I bring forth yet another tale of folly and insight for your discerning minds. Gather 'round, for what follows is not for the faint of heart but for those who dare to dance on the edge of reason. Let us pay homage to the noble fool who sold in April., that rare...
Hope everyone having a great weekend, we need to address few things in here, firstly we expecting price to breakthrough consolidation and create a expansion retracement. Price needs to fill the voided area and as the price is bullish, it is very unlikely for price to drop heavily as there are no major economical data supporting it. Please Like And Follow for More.