This is the current situation on Bitcoin. This little double bottom that we're working on at the moment looks a lot like the SOS & BU/LPS stages right before the markup begins. If this is the case we may see another week or so of sideways chop before the next push further upwards. I would recommend trying to establish some positions near the low of the range in...
Hi Realistic Traders, let's delve into the technical analysis of BINANCE:BTCUSDT Bitcoin's recent rebound on the EMA 200 line, in conjunction with the breakout from the bullish flag pattern and a bullish crossover in the MACD indicator, collectively signals a robust continuation of the bullish trend. The rebound on the EMA 200 line holds particular...
Upon closely re-evaluating Bitcoin, especially after witnessing this significant sell-off, we must increasingly consider that we're dealing with a Zigzag pattern rather than a Flat structure. As evident in the detailed analysis, we've reached the 78.6% level for Wave B at $71,000, followed by what appears to be an accumulation phase during which Waves ((i)) and...
Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life. The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new...
Bitcoin (BTC) is currently finding support at $64,500 on the 4-hour time frame. The price is facing resistance at $66,100, and a breakout above this level could lead to a further rise towards $67,400. If the market shows strength, this breakout could reach a target price of $68,700. Bitcoin's recent price action suggests a potential bullish continuation and a...
Bitcoin Halving in just 14 days. Possible pullback to FWB:65K ish to grab some liquidity and after a massive rally to $83.500
BTC has been simply flipping resistance into support since June 2022. This chart suggests we are in wave 5 of 3 heading to somewhere between $90-$100k next.
Bitcoin's future is here due to growing ETF adoption. Here's a breakdown of the key points with a neutral perspective: Key Points: • ETF Adoption: The message highlights the increasing adoption of Bitcoin ETFs, which could be driving institutional investment. • Potential Rally: This suggests that Bitcoin's price may rise significantly due to this new wave of...
Key Points: • Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin. • Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin. • Actionable Advice: The message...
These algorithms say this price action is a buy, and are indicating pressure towards the top of the daily trennd channel. this fund is oversold, and in pullback from a bullish overall trend where it has consolidated above fair valu gap and equillibrium. AI is good at trading crypto, and if the computer is buying itself, then im buying the computer AMEX:BITO ...
My previous long setup was pretty perfect. I entered lower wait for the panic to finish, and the support zone i marked worked perfectly. Now, you can do whatever you want, but for sure you can't short Bitcoin. Gold is rising without any break, and you can't stop the rise for BTC. I think we will see a new ATH probably before the Halving, and $75k is higly...
As we approach the 2024 halving event I can see two potential scenarios playing out: 1. we sell-off 20-30% to see a $50K retest. 2. we see a bull flag and continue the run towards $100-$150K by mid summer. in scenario 1 - I do believe this would represent a good buying opportunity, as we are still likely to see a $100K price minimum by mid 2025. stay classy
To trade a bullish symmetrical triangle, observe a consolidation pattern formed by converging trendlines with higher lows and lower highs. Wait for a breakout above the upper trendline accompanied by increased volume, signaling potential upward momentum. Enter a long position after the breakout, aiming for a price target approximately equal to the height of the...
Since November 2021, the entire crypto market has been in turmoil, wiping out over 2 Trillion Dollars from the market valuation, fallout of high profile coins like TerraLuna, weakness in stablecoins, and an untold amount of scamcoins collapsing everyday, many are wondering when the pain & suffering will finally end, fortunately i believe that with Bitcoin at least...
Ai is the next big thing! Buying ChainGPT in Buy Areas, and targeting potential SWING PROFIT AREAs for long term. I personally have CGPT coins from buy area $0.16 - been buying along the way, as well as buying Dips! Holding this coin for potential gains in the upcoming Altcoin bull run! Pls trade at your own risk! Profits are never guaranteed, your Capital is...
OutLook BTC ~ 12 📈 #BTC This is a bullish pattern that was formed on the 12H time. We will see BTCUSD move within the range of this pattern before the Bulls regain control. This pattern will be invalid when the price breaks the Support Line in this pattern. we will make further updates.
Hello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a...
I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event! In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and...