Since mid-July, Bitcoin, along with big market-cap altcoins, has been rallying almost sleeplessly, we've seen some relatively small retracements (from 5-10%) that happened, BUT, not the healthy pullback that we should expect before the Bull Run that would take us to see the 100,000$ Mark. Right now, for the short term, Bitcoin looks to be a bit overbought, and...
Bitcoin - Intraday - We look to Buy a break of 50606 (stop at 49898)
Daily signals are bullish.
We are trading at overbought extremes.
Pivot resistance is at 50562.
A break of 50600 is needed to confirm follow through bullish momentum.
Our outlook is bullish.
Broken out of the triangle formation to the upside.
Our profit targets will be 52448 and 52988...
BTCUSDT is touching a red cloud for the first time in this bull run.
Are we getting a bounce? or we will be going straight down?
I'm betting for a bounce, we are still on an uptrend on the daily and we have a bullish Kumo twist ahead.
Also, we are still above the 180 EMA on the daily and weekly.
We also seem to have quite a few buy orders waiting around this...
After breaking under the ascending trend-line, Bitcoin has had a new attempt to conquer 50k, and failed.
Now the main crypto is sitting on 47k support and looks like it could break under.
I maintain my bearish outlook for BtcUsd and my target remains in 40k zone
Interim support is at 44k and a sustained rise above 50k would change my opinion
Technical Overview: - BTC
Can we see price sell off?
Nobody knows, but we can react to price :)
Market Buy Pressure is where we expect a bullish reaction
Also an area to scalp or intraday from.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you...
A nice pull back into the imbalance before a rally down. All analysis looks to sells. If price decides to move down, we will definitely see a low be broken before looking for buys.
Bitcoin has had a very good run from under 30k to above 50k
However, in the past 2 weeks, the main crypto took a pause and it seems like is carving a top.
A least a correction should follow at this point and 40k zone is my target.
I'm bearish as long as BtcUsd stays under 50.500
If price breaks the 50k psychological level, we will have clear traffic to 55k, with inflation rising, US debt increasing, unemployment etc, people are really losing faith in the US dollar at this point, everybody is getting tired of the federal reserves lies.
With negative NFP numbers next week I believe price will break the 50k zone and continue up to 55k.
Bitcoin - Intraday - We look to Buy a break of 48222 (stop at 47678)
Daily signals are bullish.
Pivot resistance is at 48190.
A break of 48190 is needed to confirm follow through bullish momentum.
Bespoke resistance is located at 48200.
Our outlook is bullish.
Our profit targets will be 49818 and 50418
Resistance: 48200 / 49400 / 50000
Support: 46800 /...
I explained the cases inside the chart
It is very important that Bitcoin be supported in the $ 42,500 area, we will see a strong growth
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Bitcoin - Intraday - We look to Buy at 48084 (stop at 47338)
Daily signals are bullish.
Dips continue to attract buyers.
We look to buy dips.
50 4hour EMA is at 48000.
Pivot support is at 48080.
Our profit targets will be 50322 and 50922
Resistance: 50000 / 50500 / 51000
Support: 48800 / 48000 / 46800
My analysis on btcUsd 30-minute chart Shows a potential corrective structure since we recognize an A-B-C structure that forms the first leg of double zig zag correction wave(w) and another A-B-C structure that makes up the last leg of the double combo.
Also, there is a descending parallel channel supporting the corrective strucre, I expect the corrective wave...
#BTCUSD
Monthly chart
If we consider $BTC in a parallel channel, price is above middle line now and have to go up to touch the upper line, which is around $65k (maybe by the next month).
and if price extend its uptrend and break above this parallel channel there is a chance to go up and reach $100k by the end of this year.
Bitcoin - Intraday - We look to Sell at 46596 (stop at 47404)
Pivot resistance is at 46787.
Short term bias has turned negative.
The trend of lower highs is located at 46500.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 44222 and 43622
Resistance: 45500 / 46500 / 47800
Support: 44500 / 43800 / 43000
