BTCUSD, Are we going to face 35% Correction ?! (Local View) Let's take a look at local movements on INDEX:BTCUSD . Since last post Bitcoin moved in our favor, reached 38,500$. We have a strong bounce here, which is heading towards upper 40s as long as daily close was above big red candle. There is a probability, that Bitcoin is going to draw lower high which...
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...
I wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before...
bitcoin will continue rising up please if you are long enjoy watching cheers
- Despite the avalanche of FUDs made by the SEC. - BTC still on his way. - Like i said before, we are still in bearmarket but in a kind of pivot to witch to bullmarket. - i spotted this inversed H&S few months already. - Now the time is to wait. - let's first see if this pattern is respected. - Concerning altcoins : - They dipped fast as BTC.Dominance reached...
- Okay, so TheKing dipped around -20%. - For some peoples it could means panic and the end of cryptos. - For Veterans those kinds of "mini crash" are very commons. - We saw already harder moves in 2019 ( White Circle ) - Now those corrections are more large simply because BTC price is higher. - Actually the situation still looking much more better than 2019-20 (...
I expect a little correction on Bitcoin, bouncing from the short-term trendline that also fit with a 4hrs support.. $41.200-$41.300 is a good area where BTC can make a good bounce targeting $43.500. Stoploss (if we get there) should be placed below $40.300.
Please Notice the Fake breakout , this move made to fool traders to open short and then squeeze them out the market , i expect the price will keep rise up , Cheers
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,...
IF bitcoin stay below 40K for 24 hour that mean we will dump to 37500 $ and this area very important area and my analysis say 37500 area will change the direction to bullish and will get Hugh Bumb after consolidation because the RSI indictor will be below 30 and that mean the price in oversell on daily timeframe
📉Hi Traders, Investors and Speculators of Charts📈 BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up. For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows). When the price trades in a tight range, it's helpful to follow the classic rule of "buy on...
Hi, At my previous analysis "click here" , We have a strong minor support, but its already broken. the one and only support we have left at $40.213.53 if this support broken, bearish will continue to reach major support at $30,475 and if it happen, alt coin will be at red zone again. Bullish will happen only if $43,655 broken up with target at 49,000-50,000...
first area can change the direction is 40000 second area is 38000 the maximum correction can reach to 35000
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...
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
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...
In 2023, the Bitcoin price followed a steady upward trend. This trend can be well "packaged" in a channel. Where do you think the BTC price will go in early 2024? The beginning of a correction with a final target of $32000-32500 or Continued "creeping" growth to the $50,000 area Pls, writing your opinions at the comments
Over the last three cycles BTC has corrected 25-40% once reaching the 61.8% retracement from the previous cycle high to the cycle low. Past performance does not indicate future outcome but there's a good chance we see a correction at the 61.8% fib retracement once again.