Bitcoin (BTC) technical analysis: Trade setup : Trends are improving: 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $30K resistance. It is getting overbought (RSI > 70) and we could see some profit taking...
Bitcoin (BTC) technical analysis: Trade setup : Trends are mixed. Price bounced off of FWB:25K support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near FWB:25K support for another swing...
Bitcoin (BTC) technical analysis: Trade setup : Following a bullish breakout from Channel Down pattern and above $28K resistance, price resumed its Uptrend. Now it’s reached our target of $30K-$32K resistance zone and is getting overbought (RSI > 70), which suggests that price could pause its advance. We wait for price to either 1) break above $32K to signal...
Bitcoin (BTC) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $28K resistance signals Uptrend resumption, with upside potential to $30K-$32K resistance zone. Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate...
Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. Swing traders can trade the channel (Enter near channel support trendline and exit near channel resistance trendline). Trend traders wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with...
Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. We wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with upside to $32K resistance. Bearish breakout below FWB:25K would indicate onset of downtrend, with downside risk to $21.5K...
Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. We wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with upside to $32K resistance. Bearish breakout below FWB:25K would indicate onset of downtrend, with downside risk to $21.5K...
Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. We wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with upside to $32K resistance. Bearish breakout below FWB:25K would indicate onset of downtrend, with downside risk to $21.5K...
$BTC PA with strong inverse correlation to $USDT MCap. Interesting potential to consider as a potential indicator or reference when considering BTC directional bias. Worthwhile to monitor/compare on different time frames.
What's up Everyone! 😃 Video 🎬 3/3 for today and my favorite, as I've been looking at this chart since early december! 😃 Here I'm looking at the weekly Bitcoin BTCUSDT chart, and I've found a few very interesting points that could give away a couple of strong options for a potential bottom. Like always a bullish, but also a bearish scenario! THANK YOU for...
According to the previous analysis, we were waiting for bitcoin to fall. BUT NOW We have 2 scenarios. Both depend on the end of the candlestick today. If the candlestick above 4900 closes, we will most likely see Scenario 2. But if the candle is closed below 4900, we will see scenario 1. All digital currencies are affiliated with this bitcoin trend. The best...
Bitcoin ( BTC ) 1h Chart looks good with a small high in play. Swiping the last lows for a move up could play good.
We going lower before higher or what? Next major support 48k. Current major support 53k.
AI recognizes a bearish wedge on the chart. It broke down. We DCA into a short position. A possible retest of $50k. Invalidation above the wedge. Target in the orange box.
Short 🔴 Sure Short, Vampire Cat Wedge The left-wing (bearish wedge, red trendlines) of the vampire cat broke down. We're seeing a retest now. If the price is rejected, it'll crash in the right wing of the vampire cat. Will it be rejected? Daily trade BTC volume is dead. Shorts on altcoins are piling up. Long-term investors go to El Salvador to dump their...
AI sees a bullish wedge on the chart. On a breakout, we open a long until the orange box. Then we can return to the longer-term, short idea below.
Hi .. i'm Amy Traders be careful This is an uptrend Pay attention to the marked parts If you are an amateur, be careful The market may change This is not a buy or sell offer Good luck (AMY)
For the analysis have a look at my video here: