Video footage of Bitcoin, midway NY session today. Breakout.Bitcoin climbed through the stiff resistance near mid 90s near the start of London session today. The breakout candle was big but then the retrace was on and basically right back on Fib levels.
The start of NY trading brought in some nice momentum helping to drive price back up, but then a double top emerges and that is sort of where the video starts.
Sometimes I will trade the high time frames and then dive into the lower time frames with the MacD, a bit of a weapon once you learn to control as you will see. Thanks for viewing.
Bitcoinbreakout
BTC Price Targets $44K & $15K - ETHBTC & BTC.DIn this video, we dive deep into the current bearish market structure
Focusing also on ETH/BTC and Bitcoin Dominance (BTC.D). Understanding these key indicators is crucial for gauging the broader market trend and positioning yourself for potential moves ahead.
We’ll start by breaking down ETH/BTC, analyzing the weakness in Ethereum’s price action relative to Bitcoin, and what this could mean for altcoins in general. Next, we’ll examine the Bitcoin Dominance (BTC.D) chart, which is showing a shift in capital allocation within the crypto space. This movement could signal Bitcoin's growing dominance as altcoins lag behind.
Lastly, we discuss two critical Bitcoin price targets: the near-term resistance at $44,000, and the potential downside scenario to $15,000. These levels could define the next big moves for Bitcoin and the overall market direction.
Make sure to watch until the end to get a complete picture of the market’s current state and how to navigate it!
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