Hello Traders,
Let's jump right into it.
Weekly timeframe (left chart):
- Bearish arguments -
RSI and MACD both showing classic bearish divergence to the price, as seen from the green and red lines.
RSI below bullish control zone.
MACD looks to be swinging negative in the next few weeks.
Falling volume with increase in price in last few months - may indicate...
Nothing much has changed since my previous update. We are still in the pullback/range phase of BTC the longer we are the higher it goes.
From the previous update, bitcoin did manage to bounce to 60k but fail to break the 38% Fibonacci level. Currently, 6H hour Shows us bitcoin forming a sort of double bottom scenario with RSI break+rest also TD9 on a daily. The...
Bitcoin is in correction as you can see, I expect to see the end of this correction soon.
57500$ and 54000$ are two important points which you should care about them.
There is a possibility to move down more up to 54000$ yet, But going above 57500$ resistance and breakout of downtrend line is possible too.
There are two scenarios in short term for BTC , The...
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance, which is the case for Bitcoin right now.
59100 is the new resistance and we also have a strong support now at 54300.
I think the price will bounce in this area for the next...
BITCOIN ha tenido una caída bastante fuerte en los últimos días, estamos en una situación que parece ser la de una preparación y acumulación de fuerza compradora antes de un PUMP.
Estamos empezando una nueva trend en la grafica de 1 HR marcado por el indicador de trends en verde, aunque no hemos tenido una acumulación tan fuerte de volumen como me gustaría parece...
Bitcoin has formed a clear bullish divergence on the daily chart, which suggests a correction to the upside.
The 4h forecast seems to be forming a descending triangle with bias to break to the downside, however recently many bearish formations broke to the upside so I would rather stick with the divergence.
Break of pivotal level of $57820 will invalid this forecast.
Bitcoin is going to complete its "parabolic" ascent into unknown price territory soon, likely trapping you all in the process and taking your money if you panic sell - how else do you think liquidity is created? Anyway, looking at this chart we can see that the actual bullrun took place months ago. It was short lived because there are so many well positioned...
I don't like to see BTC below 58k however If we want to put our emotions aside and be rational we need to look at good indicators. For BTC, 128MA and Ichikumo cloud work very well.
I speculate that The lower band of Ichikumo will meet 128MA and we'll bounce from there.
The same scenario happened before if you look closely. Happy trading.
Hidden divergence is happening
Resistance is almost broken
HL happened and now i expect HH
Cup pattern can also form
Price recovered from 4h trend around midline of the channel
Bitcoin update weekly chart
I love This Month Because Its a Bullish Now Its time to make Money Btc Daily closing 65.000$ Above And Its A Good Sign To bullish Support and Resistance Mention In Chart
In this chart, we can see how much bitcoin is graving to Re-test on 57,489, so we can finally accumulate and reach our next target 67,895 and who knows maybe some new prices 'finger crossed'.
73-78k minimum target in few days! Structural waves are creating the fibonaci price levels as seen in the chart. Top target lays around 101-102K for now.
If we retrace all 3 major bull runs that have happened so far you can see that the 1.27-1.41 zone is always the retrace on the upcoming run (purple boxes, yellow arrow)
The top of every bull run ends at the previous retrace of 2.27-2.41 which lands us at 250k for this run (blue arrows)
2026-2027 - $2,900,0000
2029-2030- $33,712,000
Btcusd - Daily - I see a bearish reversal in play for bitcoin now based on the past few days price action btcusd has made new lows and retested the supply now I'm expecting much further downside for bitcoin 1st target 40k
Will be done again.?!
Whether it wants to reach higher levels like 87 and 100 or 12 , I expect the All Time High to be seen again.
A head and shoulder formed on All Time High , can be a beautiful trap:
I consider Stop Loss at 53.8
