Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in!
How do we trade this? 🤔
Recent Data
Since the trend reversal in January 2023 we've had three pushes to...
Hello traders,
Bitcoin is going to be drop one more time before run and create a new high from my perspective this is the best and maybe the last opportunity, price can drop from around 32k to 48k now the current market price is around 28k so probably it can hit 32k in coming days.
Bitcoin is currently rising but in my view there is one more drop is coming it...
Market struture support at 19.4kish levels. Falling wedge on weekly. Previous weeks are bullish with solid bullish volume which signifies more buying happened at support. Btc if manages to close and hold above 200weekly MA next resistance to test is at upper trendline resistance of the falling wedge.
-Key resistances to be broken 26.7 - 28.6k - 30k (major).
If BTC consolidate between 28643 to 32485
and it breaks upside will lead to Target of 37900 to 38000
If BTC consolidate between 28643 to 32485
and it breaks downside 28600 It will lead to downward Journey very fast.
below are downside Targets
1st 25475
2nd 19300
3rd 12900 (In case drastic changes in global environment)
Disclaimer: These levels are purely...
BTC price and RSI in a falling wedge. Will this structure hold? Or will we fall lower to previous significant levels?
I hate to admit that we were overdue for a wash out of the market. These types prices are for buying, not for selling. “I wish I could make that type of money off of cryptos!”. Tell your friends to put their money where their mouth is for once.
Bitcoin just shifted the weekly chart into positive as seen on the Momentum Oscillator indicator. It is the first time since the several months of bear market we have experienced that Bitcoin finally confirms consolidation at the 0.5 Fib
Yesterday, BTC had an much easier win for the 41,3 resistance than expected. Momentum is on the side of the bulls as it will...
7 Essential principles we have learnt this year from trading weekly charts:
-Weekly charts are where the real $ is.
-If you are looking at weekly charts, don't get caught up in the short term volatility. Unless trading the 1D and 4H charts, of course.
-Identifying the accumulation or re-accumulation zone early is essential.
-Don't expect the price to start...
Checking out our weekly Bitcoin chart we are still trailing to the downside but we actually had a bullish close on sunday, we managed to climb up and above the 49K mark where we had our weekly close, we have since fallen down below this level but thats not very crucial, we have another whole week to make progress moving back to the upside We just missed out on...
Bitcoin's weekly candle closed recently with this details:
Open price : 43,172$
Close price : 48,233$
High : 49,300$
Low : 40,750$
From the point of view of Candle sticks pattern this candle is a strong Engulf candle which can be a bullish sign that correction phase is over and Trend is reversing.
Personally I bought Altcoins when BTC was around 41,000$ and I...
I am very confident that we will experience the blue correction, hitting a low of around 39k. If we go for the purple correction we will go much lower to around 30k. After all the cryptocurrency buzz recently I just don't see us dropping that far. My big concern in the decrease in volume that continued getting lower despite the shills from famous people.
So, I consider that Bitcoin is in the volatile and warning zone that Bitcoin still it above of $13,000 USD.
But, if you're not prepare, we would need to see in weekly timeframe and right now, we see in the highly zone that obviously we would need to make a correction toward the $12,400 USD as I say you. Once that Bitcoin it's going with the parabolic up,...
Hello Traders! BTCUSD has been on my mind all weekend. Longing for the Long opportunity to the MOON. :)
For now, Bitcoin is currently testing a Strong Local Resistance Level. Proceeding th elast weeks of July, price rose above weekly resistance & completely ignored thoughts of a pullback. I think price could have trouble at the current level its at now,...
Hey everyone,
Recently I've been only focusing on the macro-level perspective mainly on the weekly chart. This one is very interesting...
Take a look at the 50 Weekly Moving average . Anytime it goes down pulls the price down too. It hasn't happened very often and when it did in 2014 and 2018, massive price dumps followed.
It seems like today, 50 Weekly MA is...
