I still believe that the $25,000 level is empty of buyers and easily broken The price finally consumed the twice-ignored node at the price of 28,600 in the direction of the trend and continues its price movement. The price is decreasing in the short term and our purchases are activated in the range below 22,000 I watch the market Not financial advice
Is it time for BTC to go down? Is this the start of a possible 5th wave? This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC...
Notes on the chart: • Month counting starts from where a new bull run begins and on the chart it marks how many months it took for the full cycle to complete (roughly 49mo). • Blue horizontal lines are BTC halvings. • Green zones are accumulation zones Overall update of the 4-year journey Back from our previous post we were looking at when the lows would be...
If it doesn't exceed 32,400, it will continue to be in a short position. Currently, ABC has risen by a 0.5 ratio. It could potentially rise to 0.618 once more, but overall, I still maintain a short perspective. If it goes down, I anticipate that the C wave will decline to 22,000.
Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144...
Should test the falling parallel trend line at around $45. Block is a payment company, owns cash app. Its tied to bitcoin price. It will reverse when BTC reverses. When Bitcoin up/down, Block up/down too.
It's evident that Bitcoin has faced sustained downward pressure for a considerable period. A close examination of the chart reveals a decisive breach of the existing trading range to the downside, followed by a subsequent retracement. In our discussion, we explore the prospect of a potential entry point, while also carefully analyzing certain adverse indicators...
The point of a downward trend + a 0.5 interval of overall increase is 23.9k in stock terminology. then 23.9k long
BITCOIN was trading along The rising support line But then broke the support Cluster which is now a resistance And went up to retest it Recently so this week I will Be expecting a move down !
BTC needs to protect 27000-27500 Zone to protect bullish pattern. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on...
Hi Guys! This is a Technical Analysis on Bitcoin (BTC) on the 3 Day Timeframe. We've attempted since April 2023 to try and break ABOVE the Resistance Trend Line From End of June to Mid July, we attempted to Re-test the Resistance trendline for couple weeks BUT Failed with a REJECTION. Which brought Price Action to test SUPPORT on the 21 EMA (Purple line),...
Bitcoin (BTC) has just unveiled a potentially ominous signal - a head and shoulder pattern. This pattern suggests a looming drop in BTC's value, potentially reaching as low as $20,000. What makes this intriguing is that these technical patterns often await a major negative development in the crypto world before they swing into action. Keep a close eye on the...
Monthly heikin ashi printing the first red and stochastic RSI at it's max says it all!
Bitcoin is currently in an 'C' upward trend. Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284. Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on. Scenario 3: As everyone is anticipating further downside, it...
Speculative forecast for a potential new low around mid-november with a $14,353 target. Seems like a nice enough number to trick the bulls into assuming 15.4k will hold whilst also painfully disappointing the bears who wait for 8-13k. DCA throughout the levels is the safest play. Accurate entries to nail the bottom is anybody's guess.
BINANCE:BTCUSD I wanted to provide you with an analysis of the recent price movement of Bitcoin, particularly its drop from the 30k area to the 26k area. This movement has attracted significant attention from investors and traders alike, and I believe it's important to understand the underlying technical factors at play. Price Movement Overview: Over the past...
BTCUSD wait for breakout and trade in the direction of breakout. Manage your risk according to account size!
It's important to carefully observe this trendline. 1. If it falls, go long at 29,200. 2. If it falls further, go long at 27,600. 3. If it rises, go short at 29,850. 4. If it rises further, go short at 32,100.