This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Hello all dear traders! Overall, Bitcoin's recent price drop on May 1, 2024 changed general sentiment, but it appears to have been a bear trap, leading to mass liquidations and a subsequent decline in the overall market. can. Currently, Bitcoin is trading close to $63,000, and in the past 24 hours, it has experienced greater than 6% growth. Over the past 7 days,...
Hi everybody, Overall BTCUSDT continues to maintain its upward trajectory with strong support from EMA 34.89. In the near future, the target could be $90,000 as it approaches the ascending trendline formed by the two previous peaks, as indicated on the chart. Fundamentally and technically, everything is positive so we can expect a bullish scenario. It is...
Hello everyone! Recently, following a price dip, the accumulation by large-scale Bitcoin holders (often referred to as 'whales') has driven the price of Bitcoin from over $60,000 down to a low just below $57,000. However, it quickly rebounded, with the cryptocurrency now up more than 4.5% in the last 24 hours, currently trading at $62,700. Keep an eye out, though,...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Hello everyone, what are your thoughts on BTCUSD? Taking a close look at the technical chart, BTCUSD is currently forming a cup and handle pattern, and the price continues to follow an upward trajectory as per the long-term trend. It is anticipated that in the near future, the price could reach $90,000 as it approaches the ascending trendline formed by the...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
Good Saturday my fellow Cryptocurrency trader, I would like to show you some classic signals today; let's go back to basics. Let's study Bitcoin's weekly MACD, it has something to say. As I looked at the daily timeframe, I saw the MACD being oversold and starting to turn, a bounce definitely taking place. When I check the weekly timeframe this is what I...
Hello everyone, do you think we should be buying or selling BTCUSD at this time? From my personal analysis, after examining the 4-hour technical charts and other technical indicators, it appears that the sellers are still in control. The price is trending below both the 34 and 89 EMA lines, and the bears have successfully breached multiple marked support levels....
#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?
BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken...
Hello everyone, what do you think the next trend for BTCUSDT will be? From a detailed analysis of the technical charts, BTCUSDT has formed and established a new high around $73,300. Following this, the coin has undergone a corrective pullback according to Dow Theory and basic wave structure. In this context, the anticipated price target for BTCUSDT is around the...
Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat...
🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in...
✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more...
BTCUSD is currently at a price of $61,924.00. Considering market trends, it might be a strategic move to open a selling position at this point. Setting a Stop Loss (SL) at $61,120 can help mitigate potential losses if the market moves unfavorably. On the other hand, there's an opportunity to buy BTCUSD at the current price of $61,924.00, anticipating a bullish...