last night the BTC broke the area of validation.Breaking such a strong trend line indicates that the marker will be fallen to a nother demand.so we will able to buy at around first demand around area 67000 then we have to see the reaction around that area .If its a corrective one we will sell again in premium, if it rejects hard, we will buy btc at cheap...
COINBASE:BTCUSD Currently on the way to touch and retest the too resistance the 7ths time. Once breakout, the next target will be $70,000. If fail to breakout it will likely travell back down to the support.
BTC retested $69,800 and broke through. New channel of $70,000-$71,000 for the next retest of $69,800.
Markets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices...
Stochastic at oversold, the price is making sideways movement and we have higher low above EMA50. soon next move posibilty is upward after breakout from shortime downtrend. $75k next new high or $85k?
This week, we bring you a roundup of significant events in the cryptocurrency world. Last week’s anticipation of US inflation data causing volatility was realized, pushing Bitcoin up by 10% to $67,000. With such movements in the backdrop, what can investors expect in the coming week? COINBASE:BTCUSD
Here we look at a quirky emoji infographic showcasing one of five potential Bitcoin cycle concepts. Using trend-based Fibonacci Time Extensions, I've drawn them since the inception of Bitcoin's first impulse rally from 2009 to its 2013 all-time high. These are then projected sequentially four times to 2025. While it seems simple, and not perfect, it appears to be...
The benefits brought by CPI have caused it to rise sharply. Now it has reached resistance. Sell, tp 64520/63730
BTCUSD is exhibiting signs that it may be forming a head and shoulders pattern, a critical development that could indicate a potential reversal in the current trend.
Macro bullish-engulfing yearly chart. 🟢 Unstoppable Ascent (2009-2012): A solid start, Bitcoin embarks on an upward journey, laying down the foundation for what will become a digital gold rush. 🔴 Moderation in Momentum (2012-2015): The red candles suggest a period of consolidation, a breather where the bulls and bears are at a tug-of-war, testing the resilience...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Consolidation Phase Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame
Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life. The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new...
In this chart, we take a look at a second Bitcoin Fib-Time Cycles concept (2/5). Refer to the original idea for concept #1 linked below. This Concept #2 is an alternative 8-step cycle phase to my original concept. This zooms out further and takes Bitcoin from a greater 2-phase cycle perspective. This concept is for the long-term investor who aims to track major...
Hello everyone, hope you guys had a great Easter Holiday. Same as in Q1, I decided to share with you What I Think is the Most likely going to happen with price in Q2 , purely based on current micro¯o economic conditions and indicators, plus what are charts presenting right now. Before I get to the business, I would like to reflect on my Q1 outlook, mostly...
Run a quick one on bitcoin and the expectation for a buy/sell... for buy i'm expecting price to break and close above $71,649 and my buys will be executed - target $73,824 average area. FOR SELL Expecting price to continue pushing down towards $69,421 area and a Break&Close below the average will execute my sells - target $68,046 average area.
''Here you can see Elliott wave counting on Bitcoin price... It can be true it the wave count of primary correction of 4th wave be correct and it Bitcoin be in the 5th wave of primary degree... If the wave count be wrong, I should say that Bitcoin is in the end of B correction or the first of C wave of primary degree and maybe we see Bitcoin falling down.......
A big Head and Shoulders Pattern is forming after last month's rally. This suggests that the trend could rapidly change. This would lead to a bearish phase with the BTC price reaching 50'000 USD or less. We would need to reach the 70'000 USD zone soon enough to invalidate this scenario.
Switching up my BTC stance a bit. Got a hunch we're settling into a range now. BTC chilling in a range = happy days for altcoins.