We've breached the support level, signaling the end of the upward trend, and I delve into the various factors contributing to this shift in my latest video. I also discuss the reassigned labels for the Wave 2 count; in my perspective, a downward expansion indicates a weakening market. The attempt to rebound with two separate 5-Wave moves, interspersed by a zig-zag...
A breach below the $43,082 support level could indicate the completion of Wave E and possibly the conclusion of Wave 2. The peak occurred at $43,882, representing a distinct rejection of the 50% retracement. To confirm this scenario, watch for a breach of $41,620 or the initiation of Wave E.
To keep actively trading Bitcoin short... I am watching and trading Bitcoin futures. This morning there was a 30 minute timeframe Spike right at the level I have been watching since after the ETF launch: the 50% Retracement of the "Sell the News" phase. I am looking for price to hold this level as Resistance and retrace at least back to 41000 in short time. ...
🎓✨Some of you were laughing last year when i posted this at BTC 18K: but I had done my analysis right. Both technical (breakout) and Fundamental (just read what i was saying about rates and how market is 6 months ahead!). In a similar manner i had explained why 45k is closer than most were thinking: (read it! understand it! learn from it!) 🎓✨ Now: 🙋♂️...
In this video, I discuss recent long trade concepts for Bitcoin and provide a recap of the thought process that led to the decision-making for initiating these trades. Additionally, I delve into the strategies of securing profits and implementing scaling techniques. While learning fractal patterns may require dedication, they are not insurmountable. I also...
We currently find ourselves in the third wave of this Wave E movement, and within that wave, we are navigating through Wave 2. The anticipated support for the upcoming upward movement is set at $43,082. The commencement of the next upward phase is expected within the next several hours or possibly sooner. A decisive break above $43,790 would serve as confirmation...
CRYPTOCAP:BTC Bitcoin price action has respected this rising Channel since October 2023. Current Price: 43600 Bearish Divergences forming on the daily time frame and so there's a greater likelihood of retracement. Down Supports: 42200, 40900, 39300, 37500 Above Resistances: 45600, 47500
In my opinion, the most likely scenario in the coming period will be like this. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
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Suggesting a large continuation of the current up trend I expect the market to perform well in the coming months/year with Bitcoin possibly going over 100K. Very bullish from me.
In this video, I analyze the present Bitcoin price movements, indicating a potential upward shift beyond $45,000. To position myself for a short position in this market, I plan to engage in trading during the final corrective upward movement within the Wave 2 correction. The pattern at a smaller scale implies an impending upward movement, and I will utilize the...
Bitcoin failed attempt to break 40K means the broader support area is still in play. While the broader resistance is 45K, the minor resistance is 42.5 which appears to be affecting price now. IF a bearish pin bar appears at this location, it increases the chances of a bearish retrace back into the 40.5K area. THIS is the scenario I am looking for in order to...
In the Crypto Fund we hold a bearish bias on the Crypto market overall for our investors, including on BTC. On this retracement back up, we’ve capitalised on several buy positions & cashed in profit💰 Now time for the move back down! ⭕️Wave 4 Complete, Wave 5 Pending. ⭕️3 Sub-Waves (A,B,C) Complete. ⭕️Bullish Momentum Slowing Down. ⭕️BTC ETF Negative For Growth.
In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I...
I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event: Now, we observe a continuation pattern with bearish divergences on the RSI. A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a...
Hello friends, After a lot of speculation, CRYPTOCAP:BTC finally broke the $47,000 level that was our intended target on the eve of spot ETFs approval, and fell down after hitting $49,000. If we want to check the conditions on the chart, as you can see, CRYPTOCAP:BTC is still above the uptrend support line and at the same time it is still fluctuating in the...
Yes, Bitcoin never disappoints; it is getting ready to reach the 55K level, as a megaphone pattern has formed.
Bitcoin cryptocurrency market leader analysis In the medium term, according to the breakdown of the static line to the $41,750 range, there is a higher probability of a decline, and any movement in the short term will be corrected and continue to fall towards the $34,750 range. The main and important resistance is $41,750