Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect...
The trend is still our friend. I still see bullish developments in the price action. We must have patience. Dips still must be bought. The plan hasn't changed. We still aiming for that time period of 9 -15 months post #BTC Halving. We are only one month down :)
Take a look at the chart above. I am keeping this fully transparent: I am not a perma bear, nor am I a perma bull or moon boi. I am just analyzing what I see. If I am right, that would mean that we have bottomed for the time being and the next phase of Bitcoin is preparing. I inverted the chart to make the TA make sense to me because the right side up was just too...
In the monthly time frame, Bitcoin looks bullish. The price of BTC is consolidating between the resistance zone (Blue) at $71,225.18 - $73,849.29 and the support zone (Green) at $58,694.30 - $60,594.35 for the last 5 months. If you look at the chart, the price of BTC did not close under the support zone (Green) not a single time. On the chart, a bull flag pattern...
We are finally back up from the danger zone but not the time to be fully relaxed. The major support zone was able to hold the price very well. If you pay close attention to the price movement of bitcoin you will understand that we did not just move straight up. The price took a surge, then took a small correction, again rose and took another correction. These...
Either way, I expect Bitcoin to still recover in the long term. In the short, it may seem bearish but people are failing to zoom out. Study the monthly, weekly, and daily and you will see that the top hasn't formed yet and this bull run might be the most massive so far. I know it sounds farfetched but with Wall Street money and mass adoption pre-government. This...
If you have read my previous chart idea, I am sure you were ready for this. Now, there is nothing to see in the hourly chart, we have to move towards the daily chart. Here you can see we have touched the Major Support Zone, this is a very crucial barrier for BTC. All the MAs are sitting below it one by one. MACD shows the decrease in bull power. Under this...
**The Wyckoff Reaccumulation Cycle Within an Uptrend: A Comprehensive Guide** The Wyckoff Method is a technical analysis framework developed by Richard D. Wyckoff in the early 20th century. This approach helps traders and investors identify market patterns and trends, providing valuable insights for buying and selling decisions. One essential component of the...
Bitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional...
The cryptocurrency market is a volatile landscape, marked by sudden shifts in investor sentiment and regulatory uncertainty. Amidst this turbulence, XRP has emerged as a standout performer, outpacing both Bitcoin and Ethereum. This exceptional performance can be attributed to several key factors, including its unique value proposition, technological advancements,...
The final sell-off of the German government's BTC reserves has calmed down to the point of the big bad olf being gone. Mt Gox is still in the back of everyone's mind which is why the fear greed index still sits below 45 but I truly belive that we have bottomed already and BTC is preparing for a massive explosion in Q4 of this year.
For Bitcoin , we have almost completely broken the short scenario and bounced off the zone we marked yesterday. There was no additional retest from the local selling zone, as there was no seller at these levels, so most likely from the current prices we will see an update of the local high. A less prioritized scenario is a retest of the new buying zone...
My opinion for a possible scenario. Visible on the chart. Entry long on 2 partial positions. Weekly Delta Positive and Rising. 15,30,60 minutes just before positive. At the very least, I expect a small push upwards today. It remains to be seen whether this upward push will last. It could be that there will be a setback. Visible on my chart markings.
The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset. Meanwhile, the organizer of the conference, Bitcoin Magazine, denied...
BTC ~ 5D #BTC Rare signals appear again on Time Frame 5D. This is a very accurate buy signal to determine the lowest price when the market is Bullish. Hold on to your Crypto Tightly, the Rocket won't take off for long
BTC ~ 1M #BTC We are not going to fall, BITSTAMP:BTCUSD TF 1M is still very Bullish. At least 100% Increase, Will bring the price to $130,000 Per 1 #Bitcoin.
My Dear Robbers / Traders, This is our master plan to Heist Bitcoin BTCUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders...
Miner Capitulation Ends, Igniting Bullish Outlook The cryptocurrency market is abuzz with excitement as a key indicator signals a potential turning point for Bitcoin. The Hash Ribbons indicator, a tool used to measure miner capitulation, has recently shifted into a bullish "buy" signal. This development, coupled with other positive market trends, is fueling...