Are you still waiting for 50K? While this kind of forecast is completely unrealistic and out of range, it is ESPECIALLY so in light of the new SELL SIGNAL that has appeared off of the 24K resistance following Friday's NFP outcome. As I wrote in my previous analysis, when 5 waves can be clearly counted, the move has likely run out of steam. While this is still a...
Today, we're going to take a look at the BTCUSDT chart and write down our thoughts and expectations for the crypto market this week. At the moment, it seems that the white fractal has started to work out of the two fractals we proposed last week. Given the fact that there are no US macroeconomic data will release this week, it should be a quiet trading...
Bitcoin is on track for a weekly gain of 1.4% from the previous week's opening, as the Fed president indicated that the central bank's fight against inflation is showing progress The price of bitcoin fell as the January jobs report was released. It surpassed economists' expectations, proving itself more than twice as strong as expected. As the job market...
Two major technical events are about to be materialized for Bitcoin (BTCUSD). On the 1D time-frame a 1D Golden Cross, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line), is about to be formed, while on the 1W time-frame a 1W Death Cross, which is the opposite, is about to be formed. So what do those conflicting formation...
Hey Traders, in today's trading session we are monitoring BTCUSDT for a buying opportunity around 22800 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Considering the strength and slope of price growth from $16,500 to $24,000, we are probably in an impulse structure. But we cannot comment with certainty about the status of this pulse wave. So this impulse structure is either wave 1 of a larger five-wave structure, or wave A of a zigzag correction. So, according to these two scenarios, we can expect the possible...
Hello traders ,what do you think about BITCOIN? After its recent growth, Bitcoin has reached an important resistance zone. Also, negative divergence can be seen in RSI. We expect it to fall to the specified zone with a little fluctuation in this area. After receiving the confirmation, you can enter the sell position within the specified zone. If this post was...
You know what that means (Inescapably clear, Pretty clear!). Target (Point and Figure):
At the moment there are a lot of internet "gurus" spouting nonsense. The guy in the picture is just one example. Over 500,000 subscribers being told that BITSTAMP:BTCUSD will be $50,000 in the next 3-4 months and to buy it up here after this rally. They are all telling you EXACTLY WHAT YOU WANT TO HEAR. When the price was $18,000 they were saying it was all...
My game plan going into next week on Bitcoin ($BTC). Notes on chart - leaning toward at least a sweep of current range low / liquidity to take out a bunch of stops at 22.4k. Lose current range, prior consolidation area is up next at 20k. From there will continue to evaluate if we come back down to macro lows, but expecting a bounce from either of these 2...
Bitcoin (BTC) is currently trading at $22,900 and is facing resistance at the major level of $24,000. This level is crucial as it will determine the next upward movement of the cryptocurrency. If BTC fails to break above $24,000, it may experience further corrections and drop to the support level of $20,600. Investors and traders are advised to accumulate Bitcoin...
4 Hour - Possibility - CPI + Hard landing - DXY Pump
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
Unravelling the Future of Bitcoin with a Combination of Elliott Wave Theory and Fibonacci Analysis As a Bitcoin enthusiast, I acknowledge that forecasting the future price of Bitcoin is a complicated and daunting task. While I do not claim to possess a magical crystal ball, I do possess a deep-seated passion for examining market trends and analysing data....
Well, Bitcoin is still in its upward channel. At the moment, the bottom of the channel has supported it. Now it seems that Bitcoin will go towards the previous ceiling in the area of $24,255.
The chart speaks for itself, we have broken out of the triangle. In my opinion, we can prepare ourselves fairly quickly for the price level around $35,000. That is, after all, the 0.236 Fibonacci correction level.
coins near support in a bullish daily trend, and we have a fib trend that favors rebound in the 4hr pullback. consolidation isnt over, but weve fallen enough that we should revisit resistance and the rainbow concentration area
This is not a financial advice!! DYOR before investing.