BTC & ETH are both in rising wedge patterns, which coincides nicely with the VSA (volume spread) reads I've been getting for the last two weeks when analyzing them. As usual, rarely do we see a direct pullback or rally when these biases have been identified; that would be too easy. Instead count on BTC continuing to draw bull investors and pump riders into the...
Bitcoin MARKET UPDATE 1: Bitcoin support levels - $20500 and $20,000 strong Support (buyers available at this position). 2: Bitcoin resistance - $20,800 and $21050 strong resistance (sellers available at this point) Trade with risk management according to the market updates because market depends upon Bitcoin movement. ——————————————————————— Analysis - As we...
Every week chart presents a new data and there are more reasons to believe that we already saw a final capitulation. 1. By now, the support´s held and the double bottom is still valid (until it breaks). 2. As we can see in the chart, Pi Cycle bottom indicator suggests that the bottom is in. 3. Moreover, RSI hit its lows in June just before Pi Cycle bottom...
The future of Bitcoin seems just as unknown as the adventure ahead of Alice in wonderland. It feels like we're currently falling down the rabbit hole and don't know for sure where it's stopping. Primarily, we expect the course to drop further below the support at $17 689. If it continues to drop into the blue target zone between $17 572 - $10 919, the yellow wave...
Yesterday we spoke about breaking down. We hit the target but what can we expect for the next move? Well we need to see Bitcoin going back above 21k for more upwards momentum and the possibility to break 21.5k if we don't get enough volume we might eveb break below 20.4k Trade safe!
#BTCUSD ( Bitcoin / U.S Dollar ) RISING WEDGE in Long Time Frame #LTF Rejecting from the Upper Trend Line #UTL ELLIOT WAVE - Completed " 12345 " Corrective Wave Break of Structure #BOS need to wait for the Retracement Selling Divergence
BTC weekly closed NEUTRAL . above $20K but rejected by $21K. overall indicator still favor to the bull (MACD crossed up, Stochastic bounce from oversold region)
Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and...
We hope that the market has already processed the news related to the Fed's actions and statements and has calmed down a bit. So we can try a conservative trade of buying Bitcoin: Entry $18651 Stop $18089 (-3%) Take profit $21444 (+14.98%) P/L ratio 5/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
the BTCUSD price breaks the daily Resistance level ,the old resistance becomes new support level ✔ the last higher high is broken 🔥 so, i predict a bullish move 📈 i'm waiting for a pullback 📉 TARGET: 22380.92🎯 if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
BTCUSD Weekly Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 8.02% which declined from 8.27% last week. Currently according to ATR we are on 27th percentile, and according to DVOL we are on 8th percentile, indicating in both cases, that we are currently is a quiet market. And as a matter of fact we can that this was case for...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD has breaked the main Rising Wedge Pattern. Now it has again Completed Retesting. It has maximum Chances we can see a good drop in price upto price level 1.08 Keep in touch we will update further soon.
As we see Bitcoin breaking down we are looking at the price target of approximately 20,7k. But this can still be a fake-out. If we break back above 21k with enough volume and shoot up to around 21.2k we can conclude that this break down is fake. Trade safe!
Bitcoin MARKET UPDATE 1: Bitcoin support levels - $20,800 and $20,500 strong Support (buyers zone). 2: Bitcoin resistance - $21,250 and $22,000 strong resistance (sellers zone). Market depends upon Bitcoin movement so we updated you now trade with Risk management. ——————————————————————— Analysis - BTC is about to test its support at $20,800 and next immediate...
it is quite obvious what bitcoin is about to do here. Bitcoin is about to pump our bags. you dont have to short this. dont get me wrong. nothing in the crypto market is for sure. . . June - short (-76%) July - Long ( +28%) Aug - short ( - 21% ) sep - short ( - 18% ) oct - Long ( +13% ) Nov - Long ( +? ) Dec Do I really need to go into detail here? i...
Bitcoin/ BTC MARKET UPDATE Bitcoin support levels - 21000$ and 20500$ strong Support (buyers available at this position ) Bitcoin resistance - $21500 and 22000$ strong resistance (sellers available at this position) Crypto market depends upon Bitcoin movement so we updated you now trade with risk management & carefully. Market available 24/7 but your fund...
Bitcoin (and crypto) seems to be losing some of the weekend / last week steam. Looking at the 1H and 4H charts on BTC/USDT. On the left we see signs of a bull flag, however overall sentiment and psych is driving our thoughts on this "potential" move down to 20,000. On the right, AlgoBuddy showing some confirmation for this move by printing a sell signal on...
As we see a bull flag forming Bitcoin will likely break it to the upside with a price target of approximately 21.6k if we hit that expect a retest of 21.5k before moving up more. Trade safe!