Bitcoin has been in a sloppy rising channel for over a year. It tried 4 times to break out of the channel recently and is now back testing the bottom of the channel. If it closes below the channel on the daily, look for Bitcoin to fall to the support zone which is around $30,000. It's also the midline of a long term VWAP. Selling volume is much stronger than...
The common assumption is that Bitcoin is crazy and unpredictable. But if we look at the big picture - A technically perfect picture appears, predictable looking at roughly a year and a half of trading. Connecting the lowest and highest points creates an ascending (rising) tunnel with parallel lows and highs. The current floor of the long-term trend is around...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. It has completed " 12345 " Impulsive Waves and making its Correction. We have Strong Divergence we can Look for Short If it Breaks Lower Trend Line Otherwise Trend is your Friend
Bitcoin is retesting (again) my trendline. I see everyone calling for new highs, and last time that everyone was greedy... You know what happend. Now you are all greedy again, what could happen? I personally sold half of all my spot bags, and added more to the BTC shorts. I am short on BTC only. Of course my trendline can't hold forever, but i think we are closer...
btc will dump soon from . monthly resistance and weekly supply level . be carfeull
Bitcoin is currently forming a FLAG & POLE pattern. Wait till it breaks the descending trendline and retest plus bounce from it. Max target would be 50000. Be careful of liquidation candle
The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon. In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside. Conversely, approval from the SEC may pave the way for an...
since Dec 5th 2023 bitcoin has been in a trading range sometimes even creating new higher highs (45879 high) but no follow through until Jan 3rd market did the strongest down move with the biggest volume signature but the result of it was not that bearish since it closed near it's high that, that move made me think that the market is still supported by buyers and...
BTC Bitcoin Price fell today amid speculation of ETF rejection. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically...
Now Bitcoin is near $47K. $47K is the next resistance level for Bitcoin. If it passes this level, I predict that it can arrive at $60K and then FWB:65K in the near future. However, if it shows a reaction to $47K, I predict a correction till $37K. The correction can continue till $32K too in a pessimistic mood. Anyway, I'm optimistic about Bitcoin's price in the...
lease validate this pattern. Bulls in control of wave 3
Good evening from Ukraine! Dear colleagues, I am glad to welcome you! Work plan. Because it is necessary. There may be a slight deviation. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. - thoughts out loud - thoughts out loud - thoughts out loud P.S. ...Think positive)
Bitcoin rejected at the $45.5k level as we forecast in prior weeks live classes and we can see the sell order block at this level as well. Right now it looks like BTC is forming a macro cup & handle pattern, which would be a good thing here -- for Bitcoin to retest recent support (the handle) and then bounce off of this. I'm targeting the FWB:48K - $50k level...
i will be looking for longs to continue the bullish trend on the higher timeframe if we get confirmation of it at the highlighted SnD. as always, follow your trading rules and position yourself wisely
While Bitcoin seems to be moving sideways, Altcoins are showing some promising momentum. I am spot-long on both Altcoins and BTC. However, I'm playing it safe and waiting for confirmation on the Weekly chart before making any major moves. BTC needs to break that $44k resistance to hit FWB:48K which is my final target in the short term. The current weekly...
Good evening from Ukraine! Dear colleagues, I am glad to welcome you! Work plan. Because it is necessary. There may be a slight deviation. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. - thoughts out loud - thoughts out loud - thoughts out loud P.S. ...Think positive)
This is my forecast of the path that BTC will take to reach its new all time high of 138k USD on 18 May 2025!
BTC may fall to $37900 or so in while. trade cautiously