After the previous update where BTC did start from 25K and successfully reached the projected target of 31K as shown in the following link: The same update we did share it before with breakout expecting from 25K to 31K. Considering the technical view and the pattern structure, it is highly likely that BTC may experience an unexpected breakout to $32.8K, which...
In this quick idea we have a look at the total crypto market cap with BTC & ETH adjusted realized cap overlayed in the main pane. This chart uses both market and on-chain data. Total Crypto Market Cap: The red/green bars displayed BTC BTC Adjusted Realized Cap: The light gray line. BTC Adjusted Market Top Projection: The light red line. BTC...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Bullish Channel in Long Time Frame as an Corrective Pattern Consolidation Phase S / R Level Break of Structure Completed " 1234 " Impulsive Wave RSI - Divergence
- I said I would take a short position if B rebounds near 31,000. - Currently, B has rebounded more than expected due to the expansion flat, and now only a drop towards Z remains. - There is a possibility that Z could drop to 28,850, which is 161.8% of the length of W. My perspective remains the same.
This is the one miner that has lagged against all others and I believe it's time is coming. Chart looks good momentum is behind it. During June 2023 SDIG energized the 2,000 Avalon 1346 mining rigs. They have a goal getting to 4eh/s by the third quarter of 2023. SDIG is extremally small compared to competition and considering it has revenue above its marketcap.
Bitcoin Update: Bitcoin's upward trajectory persists, and we have observed a pattern on our chart that suggests the potential for further growth. It is crucial to stay connected and keep an eye on our channel, which is pinned at the top, to receive the latest updates and insights regarding #BTC/USDT. The market is showing promising signs, and we are committed to...
-The final Z-wave could be near 28855, which is 161.8% of the length of the W-wave. -The current decline could occur as quickly as today or take up to 5 days to unfold. -Taking into account the possibility of a B rebound up to around 31k, one could consider holding back and potentially shorting near that level.
- There is a high probability that 'c' will decline around 31420, which is the same length as 'a' in a 1:1 ratio. - I will take a short position near 31420.
On a chart I can't zoom out to show you 2 etf in 2013/14 but they are included in list. This is how price react in next few days, how price react in general after a few month you can see on a chart also! BITSTAMP:BTCUSD Sep 25, 2013 - The Grayscale Investment Trust ETF / -31% Sep 30, 2014 - ARK Next Generation Internet ETF / -61% Feb 18, 2021 - Purpose...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is once again retesting major previous weekly resistance from which we saw a quite harsh rejection towards the downside at the $31.000 level. However you can also see that weekly market structure is still very bullish, Bitcoin...
This is my view for the weekly Bitcoin chart It means that the general trend is upward from my point of view. Be sure to check the 4-hour chart, I have uploaded it in the continuation of the analysis.
1. B has surpassed 61.8% and subsequently experienced a decline, indicating the formation of a flat pattern. 2. There is a high probability that C will fall to the length of 1:1 (29500) or 1:1.382 (28900) relative to the length of A.
Bitcoin forming another downward parallel channel after Fail break from 30.6 with a wick to 30.9 and now continuing the parallel pattern Thanks for watching
Bitcoin, which ran from $16300 levels to $25000 at the beginning of 2023, made the same run from $20200 to $30900 in March 2023. The landscape that emerges after two runs is seen as a descending wedge. It has confirmed that there is a new descending wedge formation when it returns from the $25000 level. If the wedge is broken up, if it repeats its old...
Technical Analysis: Bearish Analysis: Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000. Bullish Analysis: A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965. ...
Last week, we had a huge development for crypto investors. Bitcoin really rallied… And the price rise, was largely based on BlackRock's application to establish a US Bitcoin Exchange-Traded Fund (ETF). BlackRock, Inc. is an American multinational investment management corporation, that serves clients in over 100 countries. . It is one of the world's largest...
1. Currently, the completion of a three-wave pattern is evident, and it appears that the correction of the fourth wave is underway. 2. In the ABC correction, the C wave is in progress, and it is anticipated that the final downward wave will begin around 30760. 3. Short position near the 61.8% correction zone around 30760. 4. Long position in the 1:1.13...
Bitcoins next price target, before some more meaningful resistance, is likely to be in the range of 35.7k - 36.8k. Their is confluence of fib levels in this range. The 0.382 fib level measured from the all time high to the bear market low, and the golden pocket level (0.618 - 0.65 fib level) measured from the next macro high during the bear market to the bear...