✅BITCOIN is going down now
But a strong support level is ahead at 25,000$
Thus I am expecting a rebound
And a move up towards the falling resistance
LONG🚀
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Hi everyone.
Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k.
However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle.
On crypto...
Bitcoin (BTCUSD) just flashed one of the rarest buy signals on the 1W time-frame. The Bollinger Band Width Percentile (BBWP) bottomed at 0%, giving a narrow width signal. Historically, when the price was above the 1W MA20 (red trend-line) during that signal (4 times/ green circle), it skyrocketed shortly after, while when it was below (1 time/ red circle) it...
Bitcoin (BTCUSD) made a new Lower Low since the short-term Channel Down started on April 14 and is rebounding in the past five hours. The long-term pattern remains a Bullish Megaphone and this Channel Down is the corrective wave towards the Higher Lows trend-line. For as long as it holds, it is likely to see it bottom on the 1D MA200 (orange trend-line) just like...
Bitcoin (BTCUSD) posted last month the first 1M (monthly) red candle closing since December 2022. That was a strong four month bullish streak with the 1M MA50 (blue trend-line) supporting since March 2023. On today's analysis we put emphasis on the importance of the candle closings on the 1M time-frame.
As you see, both May and April closed below the Resistance...
Bitcoin (BTCUSD) is very close to forming a Bullish Cross on the 1W time-frame between the 1W MA20 (red trend-line) and the 1W MA200 (orange trend-line). When completed it will be its first such pattern in its history and that is a major bullish signal on its own. In order to get a full grasp of this formation's magnitude, we compare it with the Nasdaq (NDX) on...
Bitcoin (BTCUSD) is currently testing (and so far holding) its MA200 (orange trend-line) on the 1W time-frame for the fourth straight week. This is being cemented as the new Support of the new Bull Cycle. A Bull Cycle which was confirmed after the price broke above the Lower Highs trend-line of the Bear Cycle, as well as the MA50 (blue trend-line), forming a Death...
Bitcoin (BTCUSD) is on the third straight red 1D candle following Monday's rejection (and closing below) on the 1D MA50 (blue trend-line), the short-term Resistance MA. This maintains the medium-term Channel Down but at the same time the long-term Channel Up since the start of the year remains unbroken.
The 1D MA100 (green trend-line) is the first line of Support...
Notice how the weekly Stoch is still being dragged out as price stays tight? bullish outlook should be considered here. Looking for a flip .
Prevailingnine 5.21.23
Bitcoin (BTCUSD) is about to close the monthly candle of May and most likely it will be the first red since December. We haven't seen a four month bullish streak since January 2021. Despite the end of this succession, this is far from a discouraging long-term signal as the past two Cycles show that every time the 1M time-frame prints this pattern where a red 1M...
Bitcoin concluded yesterday's trading session breaking the swing highs created on May 15 and 23. This marks the first instance of BTC exceeding these swing high levels in a span of seven weeks.
A substantial support level is discernible below the 25,500 level. However, considering the formation of a double bottom pattern on the daily chart, coupled with the...
Once the $40,000 ceiling is breached in Q4 2023, it will be a straight road to $100,000 within 6 to 10 months.
The bitcoin halving of April 2024 will come and go.
A major correction will only be after a top of $100K to $150K around mid-to late 2024.
This will be followed by a mini-bear market / correction to the previous ATH of $60Ks.
This correction won't...
Our last week's buy signal was purely based on the 1D RSI break-out (see chart below) and Bitcoin (BTCUSD) didn't fail to deliver:
As you see, the RSI on the 1D time-frame eventually broke above its Lower Highs trend-line, and as it has done all year on three previous occasions, it is starting to rise aggressively. Today the price broke above the 1D MA50...
Bitcoin (BTCUSD) has been on a minor pull-back phase in the past 5-6 weeks and that is again inflicting fear in the weak hands of the market participants. However, this should make us lose sight of the bigger picture and BTC's long-term goal. This chart on the 1W time-frame illustrates a very unique pattern that splits BTC's historic price action into 4 phases...
Bitcoin (BTCUSD) is yet again testing the 1D MA100 (green trend-line), for the 4th time is 12 days. While this is obviously the Support (if broken then the 1D MA200 can be tested) and the 1D MA200 (blue trend-line) the short-term Resistance, it is the 1D RSI that we might want to be looking at for the next confirmed buy entry.
As you see it is currently under a...
Hello,Traders!
BITCOIN has retested a
Horizontal resistance of 27,5k$
From where we are seeing
A bearish reaction so we
Are bearish biased and
A move down is to be expected
Sell!
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Check out other forecasts below too!
Bitcoin (BTCUSD) continues to show strong similarities with the 2015/16 Cycle, which is something we first posted almost a year ago when the market made the June Low. Right now BTC is about to complete a Bearish Cross on the 1W LMACD, the first since April 2022. Even though that's a technically bearish signal, during Bull Cycles it is a sign of a medium-term...
✅BITCOIN is going down now
But a strong support level is ahead at 25.000$
Thus I am expecting a rebound
And a move up towards the target at 28.500$
LONG🚀
✅Like and subscribe to never miss a new idea!✅
