Obviously, I don't have a crystal ball, however, just for fun I have estimated what the timing of this current market cycle may look like. I haven't made any predictions on the chart as far as the peak price or the price of the next bottom. Although, if the trend of diminishing returns continues I would expect a peak between $80k and $90k. If that trend is broken...
Bitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC. So what could this mean for investors concerning Bitcoin ?, Firstly it means that if...
Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong...
When the blue trend line I drew for Bitcoin is broken upwards, the bull season begins; as long as it remains unbroken, the bear market prevails. You can base your buying and selling risk management on this trend
4h time frame - Bitcoin is correction currently, if go with ABC correction wave, we will meet the low around 25000 on 5/B And pump over 31k (even 35k) on 6/B Stay prepared for the next huge volatility.
Last Friday, Bitcoin fell to US 19,569. How desperate the market was at that time, and how enthusiastic it is now. In just one week, the Bitcoin market has undergone a shocking reversal, breaking through the previous high in one fell swoop and reaching above US 27,000. In terms of daily structure, Bitcoin has broken the previous horizontal pressure level. At this...
A nice triangle to downward then after we'll see a jump, certainly.
Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting...
Hello everyone, after a big drop, Bitcoin has been consolidating and today I'm sharing my view on Bitcoin using a 15-minute chart. As you can see on the chart, there are clear and regular box ranges. Since there are such clear signals, we certainly can't ignore them. I have marked the specifics on the chart, and it will be clearer for you to compare it. My...
It is expected to find support around 23,000 and then begin to rebound! I will continue to express my opinions on Bitcoin and update my trading strategies in real-time! Friends who are interested can follow me. INDEX:BTCUSD
Hello everyone, hope you all are doing good. As I saw many people focusing on Yearly Candle patterns of Bitcoin, so I thought to make a Bitcoin Analysis and Observe it in a bigger perspective. This Bitcoin Analysis is not a financial advice, cryptocurrency market is highly volatile and highly risky, so please do research before trading. It's a New Year season,...
If you missed my previous long, you can long now as well! This is a really good trade because of the very good R/R. Enjoy the profits and do not mind sending me a message if you have any questions!
BINANCE:BTCUSDT The perfect descending broadening wedge pattern has just been formed and broken by Bitcoin. If we manage to break through the 24800 level, we could very well witness a rise to 29-30k in a matter of weeks. Another factor contributing to the bullish moment is that many people are bearish. The fear and greed index value also exhibits signs of...
What a Day on Markets, $BTC breaks With momentum. Next Target is $26K.
I tried 4 times to record a video on this. It kept failing. in this chart. continued form the last. You can see bitcoin is in a small sell off area. Lots of sideways time leaves people to want to pull out profit. I did. and I am ready to buy again. As I was trying to point out in the video, there is a pattern if you zoom out or look at the linked chart you can...
Hello my beauties. Here are the phases of BTC according to Wyckoff. Pretty neat, uh? It was inside a trading range, and it broke it to the upside completing a SOS that will lead it to create higher highs through a mark-up. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting...
On May 23, 2021 I said "Bitcoin needs to close above 49k for 1 to 2 weeks to confirm Bitcoin is bullish again. In the meantime, I believe Bitcoin will trade ways, have a dead cat bounce and trade between the green and red zone, and in a few weeks capitulation below $30k to confirm a bottom. The weekly RSI is still trending down..." Bitcoin closed below 30k last...
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...