Greetings Padawans, I hope you're all doing well. Would you consider shorting Bitcoin above the indicated red lines? Remember, I'm not a financial advisor. Cheers, May the force be with you
Bitcoin, oh dear Bitcoin, you're in a pickle! Picture this: Feb through April 2024, three months before the Bitcoin halving, and things are getting more complicated than explaining blockchain to your grandma. The Bitcoin ETF approval in January? Well, that turned out to be about as useful as a screen door on a submarine. Instead of a price boost, we've seen...
Markets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices...
We start another month with the cryptocurrency resisting staying above the 40K range as well as failing to overcome strong resistance that has lasted for a long time, the 44.9K region as found in a previous analysis. $ Let's go graphic $ The monthly bias is still upward. Current resistance: 44.9K Going to the weekly bias there are possibilities of bullish...
This chart tried to reflect the uncanny similarities between Bitcoin's previous cycles and will try to use that information to "predict" next market cycle top in terms of price and time. The price is derived using Log FIB extension 1.618 and is the minimum Bitcoin has to hit. Although Bitcoin has gone way above this extension in the past, I am going to keep...
Hello again, so little quick cooperation on my statement : That by prolonged time of staying in highier price range without retracing down, odds are shifting to probability of going highier with time. So for better visibility I colored chart.. Now its clearly to see, that we stuck in price accumulation before unloading move.. But, its aswell clearly to see,...
Technical Analysis and Outlook: During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000....
Bitcoin tends to go through 4-year cycles which are divided into 2 parts, the uptrend and the downtrend. A regular 4-year cycle consists of a 3-year uptrend followed by a 1-year downtrend also known as a bear market. So far Bitcoin has completed 4-year cycles and they’ve shown incredible accuracy.
Please Notice the Fake breakout , this move made to fool traders to open short and then squeeze them out the market , i expect the price will keep rise up , Cheers
I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event: Now, we observe a continuation pattern with bearish divergences on the RSI. A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a...
Hello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: In 2018 Bitcoin created an obvious resistance level at the $17.000 level. This was the all time high of the previous bullish cycle. In 2021 Bitcoin then broke above this structure and came back to retest it in 2022. So far Bitcoin is looking very bullish and it...
Without any additive descriptions, I think target of this cycle will be around 190K, and we will reach this target around April 2025. That's all
Here I've highlighted all the weekly CME gaps for Bitcion, showing all but One have now filled. Technically, there's still one open just under $10,000 at / around $9750. Unlikely this will ever fill at this point, but as of today Bitcoin filled the recent gap just under $40,000, which clears Bitcoin for runing higher. However I still believe we'll re-test...
BINANCE:BTCUSD "The harmonic pattern's target is 40,989." Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
BITCOIN - DAILY The price is on the neckline support of the structure. A Daily close under this level is bearish for Bitcoin.
Hello everyone, in yesterday post I spoke about what do I expect for Q1 2024 moving further .. Today, I would like to elaborate in POINTS, WHY I think is necessarily to be VERY CAUTION in current Market conditions. Will be using 15D timeframe to capture as much data as possible. To get clearer picture of what is possible moving into future, we need to focus...
CRYPTOCAP:BTC price has been consolidating at highs as we await the imminent ETF approval announcement. At this point a bullish pennant pattern has formed and the daily bollinger bands have tightened, signalling that we will soon see volatility that triggers a breakout. In terms of targets, the fib extension of the chart pattern says 47.3k to 49k. I am keeping...
BTC is doing some crazy stuff. ETF price seemed to be factored into price already. As much as i wanna be bullish on BTC, Im still being cautious. This level is still being tested as resistance and we can see the consolidation under it 32k looks to be untested as support. Feel free to coment or leave your thoughts