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...
No changes on my plan for BTC. I keep adding short to my entry. My trendline still working perfectly and this just make me even more sure about a big drop. My first target is around 38k USD, aiming for 34k next
Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go...
Speculations I believe Bitcoin is coming due for a "steep" correction but not in an unload your wallets and get out of the game kind of way. It has rallied hard over the last few months and despite experiencing significant increases in value, Bitcoin's volume has slowly dwindled. It is for those reasons and -- more in the following paragraph -- that I believe...
BITCOIN has been bullish and many traders are predicting it to reach 100k this year, which is more likely, but from the current price action ,it is showing some sign of weakness on daily chart, if it will fail to break FWB:48K there is a chance for bitcoin to drop to 15k-20k ..
Down to EMA 150 at least while DXY will go up for a couple of weeks
Looking like Bitcoin topping out here and in need of refresh and retest of lower support. Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January. For this rally to sustain and hit our higher projections of $100k, $155k, or even $210k, Bitcoin needs to...
Transaction fees have reached surreal levels in Bitcoin with almost 17 Mio USD spent in transaction fees daily. Although there is not a direct correlation between transaction fees and the price of Bitcoin periods with high fees usually, sooner or later, resulted in a negative price reaction for Bitcoin. At this point I would not be surprised to see a price...
BTC make perfect Bearish Shark at 35900$ as i have already share chart regarding this. As you can see BTC spot has no volume since March as mentioned in chart. It is just manipulation and grapping liquidity According to onchain analysis Upside liquidity has been grab almost 1.5B$ has been liquidate.Everyone is bullish now which means big move is coming.This...
They might have some power to burn normal people. They are not us. They are sick and lame. I am holding and happy to get more if they attempt to breakdown the middle class and others. Many are expecting the dip so we may not get it. Not financial advice.
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...
This Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that...
I'm posting this at the pico top after seeing it failed to breakout. It could still break the current resistance line, but I wanted to post now for people for the best possible short setup and areas to take profits Currently Tested & Failed Resistance $41,639 New Possible Support / Old Resistance: Hard to say around 39.5K (see wedge) New Possible Support /...
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
Technical Analysis: There are several signaling settings that indicate a shorting bias. These include: 1. Bearish Divergence of Price with MACD: Bearish divergence occurs when the price of an asset forms higher highs while the MACD (Moving Average Convergence Divergence) indicator forms lower highs. This pattern indicates a potential reversal in the prevailing...
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....
"Bitcoin has reached a significant and crucial point (42k). Bitcoin has not faced much resistance lately. However, it appears to be reaching a point now where it will need to reverse to retest the breakout of (31k). This will also result in the closure of various gaps, including those on XRP." Please tell me in comments what you think!
Just under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout. Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.