Currently we have struggles to breakout of 41,639 in a strong way on any of the timeframes except maybe the daily so here is just a short-term idea as to what a daily rejection would look Related to this daily chart
We are about to witness an exhilarating ride, and I don't want you to miss out on the opportunity to long BTC. Spot Volume: The Driving Force behind Bitcoin's Rise In recent weeks, Bitcoin's price surge has been primarily fueled by spot volume, which refers to the buying and selling of actual Bitcoin on cryptocurrency exchanges. This is a significant...
Hello traders! After a month of upward accumulation with some struggles, Bitcoin price has increased strongly in the past 3 days, from April 2022 until now Bitcoin has just returned to the 42k price range. Such market excitement seems to be due to defiance combined with plans to push goods by the big players in the market to get rid of goods before re-dealing new...
ETF will have a sell the news Halving will have a sell the news Retail will enter in late 2024 when we push past old ATH People will sell $100k early, and it will cruise through this level Laser eyes will get greedy and focus on $200k We will top out, and the cycle we restart TOP AT OR ABOVE THE 2.618 extension on he weekly like every cycle Shibe out!
Bitcoin Peaks at $42,000 - What's Next? In a new surge of momentum fueled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high. There is a sense of optimism in the space regarding the potential approval of a bitcoin exchange-traded fund (ETF) by the U.S....
Market analysis suggests a potential correction in Bitcoin's price range, with expectations ranging from $41,400 to $39,400. Investors are advised to monitor the market closely during this period, as corrections are a natural part of the cryptocurrency's volatile nature. Stay informed for strategic decision-making. #BitcoinAnalysis #MarketCorrection
COINBASE:BTCUSD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
I think BTC has reached the final resistance zone. 42k is a real strong one, and most of indicators indicates that drop will begin now. If 42k fails to hold, 46k could be next. In the last 24 hrs more than 300 millions USD was liquidated, so it could be good to start dropping now. 33.5k is next
What if there were two straight lines between which all of Bitcoin's price action could be contained? If such lines exist, they could provide tremendous insight into the future price of Bitcoin. As it turns out, the Bitcoin power law corridor theory hypothesizes that such lines may exist. However, in order to see these lines within a price chart, one must...
This chart is simple. However there are some interesting points that i want to share with you. FIRSTLY In every bear market the drop from the top to the bottom was: - First Bear Market, Top-to-Bottom -87.19%, - Second Bear Market, Top-to-Bottom -83.97% and lastly, - Third Bear Market , Top-to-Bottom -77.49% It looks like in every new bear market the drop...
Kiyosaki advocates Bitcoin buying, among other assets, amid geopolitical tensions, emphasizing its role as a hedge against economic downturn. Renowned author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has once again reiterated his stance on Bitcoin, as the largest crypto by market cap hit a new high in about 19 months. In addition, he has taken...
- A basic way to understand how BTC legs up are working. - BTC Shorts go up. - BTC price just retrace a bit or just slide. ( kind of divergence ) - it means Shorts are growing but running on a slice of butter. Then : - SHORTS Rekt. - BTC makes his next leg up. - it looks simple but actions and big legs up or down are acting pretty fast and most of the time at...
What is a Rising Wedge? What helps us look at it and confirm it? ✅ Upward Trend: The pattern typically forms during an upward price movement. ✅ Converging Trendlines: Both the support and resistance trendlines slope upwards, but they converge as the pattern matures. ✅ Volume: A declining volume accompanying the formation often strengthens the pattern's bearish...
Hi Padawans, I've recently acquired the candlestick pattern from the 4000 to 69000 rally and strategically positioned it in the current scenario. Disclaimer: I am not a financial advisor. The 2.618 projection aligns with the 43310 mark. Disclaimer: I am not a financial advisor. May the force guide your endeavors. Cheers, CryptoObi
I am thrilled to share with you some positive indicators that have recently emerged for Bitcoin (BTC), which may present a lucrative opportunity for potential gains. Firstly, let's talk about the Awesome Oscillator (AO). It is a technical analysis tool that measures market momentum, specifically the difference between the 34-period and 5-period simple moving...
Exciting news for Bitcoin enthusiasts! As anticipated, Bitcoin has successfully achieved our projected targets, soaring from $27,800 to an impressive $40,900. This remarkable performance underscores the cryptocurrency's resilience and potential for substantial gains. Stay tuned for further market insights and potential opportunities. 🚀 #Bitcoin #CryptoSuccess
Elliott Wave on the Daily looks to be playing out - has been for a while. TPs = My Wave-5 "area" (3 x dotted blue price markers). No timeline, but I may update the post with one later. Price just needs to stay within the Elliott Wave range. Invalidation = high volume close below wave-1. Invalidation = Wave-5 has already hit, giving an ABC correction down...
BTC on the long-term chart is in a bullish pivot. See the image below. The red lines are the resistance points that the crypto needs to overcome to reach the yellow lines (Targets). On the medium-term chart, prices are also in an upward pivot. See image below. Remember if. The red lines are resistance points. In the short term I see a rise in drift. What a...