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...
Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500.
How do we trade this?
We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly...
Firstly, it has come to my attention that the 18-hour Demand Zone was breached earlier today.
Secondly, I have identified the subsequent Demand Levels located at approximately $16,000.
The target is subject to variation, contingent upon the market's response and the trade orders previously executed by major participants.
Kuala Lumpur, Malaysia: Bitcoin will be going to lose some interest over time and the distributions are on the way.
Meeting with the crypto whales today, they agreed to release their holding. Thy are not going to bet the system.
Mining difficulties are showing stress level. No sign of recovery over next 2 months. It is better to release than holding.
This...
Kuala Lumpur, Malaysia: Bitcoin will be the next move towards the $38K towards the $15,000 price prophecy.
We have seen Bitcoin in a bull run and we enjoy the uptrend and sentiments hypes towards the $100K as many analyst bombarded with the demands towards 2 million left to mine.
What we see in actually a reverse.
What if anything we projected like the analyst...
Hi guys there is a high possibility of drop in BITCOIN, You can use this trading setup according to your RISK MANAGEMENT.
This is just my idea and It is your responsibility to use it.
GOOD LUCK
In this analysis, Bitcoin has formed a descedent triangle that you can get it in H1 timeframe, so that siganl is so bearish.
So, I am go to short position as i knowed, because Bitcoin is formed a higher lower in the lower trend line.
Now, in H4 timeframe I detect a strong resistance at above of $11,900 USD, that mean a possible short position because in H1...
Don't ask me how, when but this pattern show us a clear triangle that's heading lower to complete the ascending triangle.
You can read this in the link about the pattern and share your thoughts and like the button.
www.dailyfx.com
SuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
