Bitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below. Critical news: Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins?...
Bitcoin price has violated the wave i overlap that I have been writing about in previous weeks. This means the lower magnitude impulse structure is no longer valid and reduces the probability of a wave v higher in the near term (which is why I removed the labels from my chart). Based on this price action, I am anticipating the continuation of the complex...
Hello guys... as you can see in a short time frame, this coin is on a descending channel! On the other hand, it made a QMC pattern. So you can get a short position if the price retraces to the descending trendline or the s&p area! Be aware that this is the trend for short time frames, like 1h! Don't scale it! ___________________________ ✓✓✓ Always do your...
#Bitcoin just hit the yellow box, validating this chart with 100% accuracy. Lesson: Charts don't lie! $60k is a crucial support level, but there's significant liquidity around the $57k mark. I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle. The market often...
BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes. The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above...
Bitcoin (BTCUSD) followed the medium-term June bearish forecast and as we projected on the following 2 analyses (see charts below), made the expected correction on the Support Zone around 60k: Now the market has entered into a medium-term buy opportunity again and once we get confirmation from the 1D MA200 (orange trend-line), it will be a long-term one...
hello guys... the chart shows a forming head and shoulders pattern! a double one! I think it will touch the gray area to form the next double right shoulders, afterwards, it will reach the neckline level (I've shown it as a dashed-line)! if the dashed line breaks up the price will touch the $85k level! let's see! ___________________________ ✓✓✓ Always do...
According to Ichimoku Rules, which have proven to be a highly accurate method of determining the state of the trend of Bitcoin, the bullish trend which began in October 2023 has conclusively ended . When both Price and Momentum (the Chikou) cross over to the same side of the cloud then the trend is either confirmed Bullish or Bearish. The prior bullish trend...
Bitcoin is still bullish and in an uptrend channel but is currently correcting with a possible next target to the lower channel at level 58-60k.
The new generation of investors is more likely to lose interest in bitcoin that is not for sale. Price and time tend to infinity at the same speed.
BTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak...
Hi, dear friends! 🫶 Missed fractals? I hope You did, because today I'm going to show You one of them.🤭 A fractal in trading refers to a recurring pattern that can predict future price movements. They play a significant role in technical analysis, offering insights into potential market trends. In November-December 2020, Bitcoin's price formed a pattern that...
BTC is trending at $64.5k, holding the 100 EMA support. This will be the crucial support line for BTC; if it breaks below this level, $60k could possibly be the next level. Let's hope the daily close will remain above the support. Do your own research before investing.
Maintaining this on a closing basis for JUNE & JULY is essential to ensure we haven't prematurely topped out we did have some topping signals namely the #bitcoin ETF approval and going live and Andrew Tate destroying the #Solana network :) It would not be entirely disastrous in BTC ends the calendar year around 50k but it would actually give fuel for a full...
We observe that Bitcoin is currently consolidating within a broad range, showing no significant trend changes, and remaining in a choppy market. We identify an ascending channel pattern that has yet to be completed, approaching its lower channel support. Within this channel, the price is nearing important demand zones, indicating potential buying interest. Now we...
PHEMEX:BTCUSDT.P At the time of writing, BTC continues to drop, now testing the critical $61,500 support zone. A retrospective look at the BTC daily chart reveals several Lower Highs on April 8th, May 21st, and most recently on June 7th. As market enthusiasts are aware, a pattern of lower highs and lower lows indicates bearish momentum. Fortunately, we have...
Bitcoin Technical Analysis Update In the past, when Bitcoin's daily chart RSI drops below the 30 level on the daily chart, we often see an upward move in Bitcoin's price from that level. It is considered a bottom for Bitcoin in that trend. Currently, Bitcoin's daily chart RSI has dipped below the 30 level. This could be considered a bottom for Bitcoin, and we...
Trading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (1h) (futures) Traders can open their Sell Trades NOW ⬇️ Sell now or Sell on 66500.0 ⭕️SL @ 67611.0 🔵TP1 @ 64000.0 🔵TP2 @ 62400.0 🔵TP3 @ 60700.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...