Trade setup : Price remains in an Uptrend. It got rejected 2x at $72K level but as long as it stays above GETTEX:64K (prior swing low), its uptrend is intact. We would be buyers near that GETTEX:64K support area, with +15% upside potential back to ATH of $74K. Stop Loss (SL) level at $62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s...
Trade setup : Price is in an Uptrend. First attempt to break above SWB:69K -$70 has failed. That’s an all-time-high (ATH), which is a significant resistance area. Price got very overbought (RSI > 80) and was rejected, pulling back as low as $59K. It’s likely to pause here and consolidate around this area, before resuming its uptrend. Now we wait for price to...
Trade setup : Price is in an Uptrend. It broke above $56K and GETTEX:59K key levels and reached our target of SWB:69K -$70K, it’s all-time-high (ATH), which is another significant resistance area. However, price is very overbought (RSI > 80) and is likely to pause and consolidate around this area, before resuming its uptrend. Now we wait for price to either 1)...
Trade setup : Price is in an Uptrend. Price broke back above $45K to signal resumption of an Uptrend and is approaching our near-term target of $50K. Now we wait for price to either 1) break above $50K to signal continuation of uptrend, or 2) pull back near $45K support for a swing entry in Uptrend with upside potential back to $50K. The approvals of 10 Bitcoin...
Trade setup : Trends are mixed. Price made a lower low, which disrupted the Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected as traders began to take profits. Price has pulled back on “sell the news” effect to $38K - 40.5K support zone, giving us another opportunity for swing entry,...
Bitcoin (BTC) technical analysis: Trade setup : BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to...
Trade setup : After breaking above $45K, price spiked up 9% to FWB:49K where it got rejected and pulled back. However, it did manage to make a Higher High and remains solidly in an Uptrend. It appears back in an Ascending Triangle pattern, giving us another opportunity. We wait for a breakout, back above $45K, with upside potential to $50K. Stop Loss (SL) level...
Bitcoin (BTC) technical analysis: Trade setup : Bullish breakout from an Ascending Triangle pattern (above $45K resistance) indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside potential to $50K. Stop Loss (SL) level at $43,500 (just below support). Trend : Uptrend across all...
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $45K resistance, indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside to $50K. Stop Loss (SL) level at $41,300 (just below the prior swing low). Trend : Neutral on Short-Term basis and Uptrend on Medium- and...
Trade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K...
Trade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K...
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back...
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back...
Bitcoin (BTC) technical analysis: Trade setup: Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Pullback near $38K support could be a swing trade entry with upside to $45K near-term and $50K...
Bitcoin (BTC) technical analysis: Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signals resumption of uptrend with upside to $45K near-term and $50K medium-term. Price is getting overbought (RSI > 80!) and we could see some consolidation around $45K resistance area before continuing its upward path. Pattern : ...
D ear TradingView Community, B efore I delve into the analysis, it's important to note that I do not consider the current price level as the optimal entry point for a short position. While this prediction suggests a bearish outlook, the ideal entry points lie closer to the horizontal red dotted line. The suggested entry points are specific to my risk appetite,...
Bitcoin (BTC) technical analysis: Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI ~ 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could...
Bitcoin (BTC) technical analysis: Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI > 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could...