CRYPTOCAP:BTC price in ascending triangle pattern! Current Price: $65100 Major resistance around $71,500 More precisely between 71500 - 73000 From my previous post $bitcoin lost a major support around 67000 and found support around 64300. Support around 64300 has not broken the angled support of the ascending triangle. It is important that bitcoin does not...
Bitcoin has retraced into the high 64Ks and overlapped Wave i of the minor impulse structure. Is the impulse no longer valid? I will explain, plus what to anticipate as far as bullish and bearish scenarios for the coming week. It is IMPORTANT to continuously evaluate BOTH sides of the market in order to gain a better perspective which plays a significant role in...
Bitcoin (BTCUSD) was rejected yesterday on the 4H MA50 (blue trend-line) and that caused another pull-back that is about to test the 1D MA50 (red trend-line) once again. On Tuesday this level held and is critical to continue to do so as a breach might lead us to $60000. This is what took place on the April 08 - 19 Channel Down. It is important to note that after...
Over the past 15 years, Bitcoin has consistently exceeded projections and expectations. In just over a decade, its value has surged from mere pennies per coin to over $50,000 by 2021, capturing global attention. As of June 2024, Bitcoin's price hovers around $70,000, with the next major milestone being the highly anticipated six-figure mark. While reaching...
Bitcoin has rejected the 70k to 72K resistance area AGAIN. This failed breakout may lead to a retest of the 64K to 66K support zone in the coming week. IF 64K is compromised, it will imply that the current minor impulse structure is not valid and reinforces the argument that price is likely to consolidate further. This scenario opens the possibilities of testing...
✅BITCOIN is approaching a supply level of just below 74,000$ So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just on time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Bitcoin (BTCUSD) is doing it and yet again it is going under the radar for some. The price broke out yesterday from its short-term Falling Wedge and as we showed you is extending the Bullish Leg of the Channel Up. Zooming out to the 1M time-frame, we can see that May closed in gains (green) and since August 2023, there has only been one month of losses (red 1M...
Bitcoin's price has begun to surge once again, indicating a potential new bull run following its recent halving. The price action is currently within a bullish channel, and technical indicators combined with Fibonacci ratios suggest the onset of a fresh bullish impulse. The Halving Effect: A Catalyst for Price Appreciation On April 19, Bitcoin underwent its...
Bitcoin support at the 66K area continues to hold and may be the higher low (wave (iv)) that may lead to a higher high over the coming weeks (see illustration). In order for a dramatic new high like 80K to be tested, price needs to prove itself by clearing 73K first. The key to navigating this is to WAIT for the market to provide evidence (confirmation), NOT get...
Three boxes, movements within each are often sideways leading to bull moves Currently we are experiencing a bull move on TOTAL2. Lets goo
The Gaussian Channel shows a bullish trend on this Monthly timeframe with a strong bounce off the middle line of the channel. This as a point of reversal allows ETHUSD and other altcoins to out perform BTC on a Monthly scale. I think BTC will Top very early compared to that of Ethereum and other altcoins.
Bitcoin (BTCUSD) is technically about to complete the Right Shoulder of the Inverse Head and Shoulders pattern (IH&S) that followed the All Time High (ATH) of March 14. The driving vessel behind it is a (dotted) Channel Up whose Bullish Leg peaked at +19.50% and its two Bearish Legs so far have been around -8.00%. As you may realize, there is a high degree of...
Bitcoin is on excellent bullish levels on the 1D technical outlook (RSI = 66.472, MACD = 251.100, ADX = 42.204). Following the correction of the last two months, the market has entered the green zone of the Cycle, which is its parabolic phase. This historic chart on the 1W timeframe shows that this phase lasts around 560 days while the previous blue one, which...
Hello,Traders! BITCOIN went down to Retest the horizontal Support of 66,5k$ But its a strong key level So we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Bitcoin (BTCUSD) has started the 5th Bullish Wave of the current Bull Cycle, following the consolidation of the past 2 months. Since the November 2022 bottom we have had 4 such waves with consolidations ranging from 1 month to 6 months (blue Channel of April 10 - October 10 2023). The current wave can technically take Bitcoin up to $100k alone. What is even more...
Bitcoin pushed into the 70K resistance area over the previous week and retraced. Those who read my articles and watch my streams should not be surprised. My Trade Scanner Pro take profit price is at 72,632 which was missed by a few hundred points (entry was 62,907 on 5/2). As I continue to remind my followers, CONTEXT is key to navigating this consolidation and...
An idea considering Bitcoin and the current bull run Using previous tops tops to show how the structure is changing over time This is better shown with a curve and normally shown that way but this another example. I think bitcoin will peak before the rest of altcoins and then a massive alt rally will ensue.
Hello,Traders! BITCOIN is trading in an Uptrend and the coin broke The key horizontal level Of 67,2k$ which is now a Support and the breakout Is confirmed so I think That the price will Go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!