BTC creating a huge bullish pennant on daily timeframe. Already touched support and resistance 3 times. If it breaks $72K, the swing TP should be $102K. Entry - Once it breaks $72K on daily timeframe and confirm TP - $102K SL - Daily candle close below $70K
4 hour chart: The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks. After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price...
Bitcoin has maintained a bullish trend for 84 consecutive days, displaying an 80% increase. Anticipate a response in the range of 46650 - 47350, followed by an expected pullback of approximately 30%. Various indicators, including the descending trendline, ascending trendline, reversal point, overbought conditions on RSI, and structural considerations, suggest that...
BTC / USDT Bitcoin is in the range between 28k - 25k in boring period ( 2 months) 4H TF Chart analysis: Price dropped after making deviation above the range high and now is approaching very important demand zone Between 26400-26000, BTC have high chance to bounce But if it fails to bounce then ready for bears to take us at least below 25k in short term ...
Franklin Templeton, a global asset manager with $15 trillion under management, receives SEC approval for its spot Bitcoin ETF application. The SEC postpones decisions on ether exchange-traded fund applications from VanEck and ARK, with a final verdict expected by late May 2024. In a significant move, the U.S. Securities and Exchange Commission (SEC) has given its...
The weekend for BTC is essentially a trap. People get bored, they get into trades, place their stop losses at the recent high/low and eventually get stopped out, most of the times on both sides, long and short. A variant of the TR Pocket Fib consists of drawing it from the Saturday's high to its low, referring to UTC+0 timezone and after that I will then look at...
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Bitcoin made a higher high and a higher low in the past days, showing bullish sign.with this rising wedge at hand we have to see if its valid or not. Thanks for watching
We may see 1270000 again if breaks the support. Careful upside is very limit as resistance is strong and retested to further fall from here. Best buying may come next year Jan/Feb 2024.. Stay away from the bitcoin as per technical analysis. Upside break should be very fast as of now or it will reject and fall in coming weeks or months.
As you can see, Bitcoin price has been traded in consolidation for quite some time. Im using fib channel to ilustrate that picture, im not usualy using it to trade. The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish. But as long as we are in that channel the long...
Based on the look of price action on the daily it looks like at least a temporary rise over the next 2-3+ days. The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which...
Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors...
Potential Sells on Bitcoin Price is holding the resistance at 27k Looking to sell to 25k 3:1 R/R -ITUProfessor
If Bitcoin's closing price falls below 27246, I anticipate a further decline in prices. I'll keep an eye on the range of 24699-25248 as a potential buying opportunity, and wait for strong rejection candlesticks before entering a position.
BTC is looking good for LONG BYBIT:BTCUSDT.P Reason of taking this trade. Huge selling from 30k level. Retail seller are in short position. After breaking 28700 level inviting more sellers for selling (Creating Liquidity) for big Up-Move. If this happens will see BTC breaking 30k Level in few days for Sure. Any suggestions please comment
Bitcoin is presently undergoing a corrective phase, with an expectation of a subsequent upward trend after a few bullish weeks. I find the price range of $24632 - $25108 particularly intriguing since it presents a high probability of witnessing a market reaction, given the favorable confluences present. This range offers a chance to consider buying...
Currently BTC in downtrend and now doing bearing flag, my target after BTC break downward it will go to 1.618 fibo level
What do you think? Price has been giving us Sell Type Of structure and it looks like it may continue to sell down towards the next probable support zone