💎Technical Analysis Summary💎 BTC/USD -After the bullish rejection at the 50D MA for the 2nd time -Bitcoin is up by almost 20% from the recent daily higher low point -Currently, the price has been consolidating in this small range between 56.6k-60k dollars -If this a mini bull flag to break into a new all-time high price? -Or a little weakness as the bulls are...
💎Technical Analysis Summary💎 BTC/USDT -After the recent 50D MA support retest, BTC is up by 18% in 4 days of trading -Yesterday candle manages to close above the 57k level which is a good sign -I think if Bitcoin can sustain this daily candle, the chances to retest All-Time High increases -But if we will have a minor pullback, the 55k zone would our potential...
💎Technical Analysis Summary💎 BTC/USDT -Previous update Bitcoin is testing the 50D MA support -The Bulls entered the market and we saw a strong bounce from 50k area up to 56k level -Currently, the price is retesting the previous trendline resistance -This zone is a confluence of resistance Fib of 0.5 - 0.618 -Well, the trend is still our friend but BTC needs to...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin found support at previous mid resistance and its local support -This area is also a confluence of 50MA in the 12H time frame -The price bounce up strong and is likely to retest the trendline resistance -if BTC can't break above this resistance line, I think it will play inside this bigger triangle -In the next...
💎Technical Analysis Summary💎 BTC/USDT -After hitting a new all-time high price above 61k dollars -We saw a retracement of -14% immediately filling up the small CME gap -This pullback is also accompanied by bad news regarding Defi coins -Now, going back to the chart, the overall market structure is still valid -The priority remains to the upside since we are...
Possible Scenario For $BTC. What we have is a weekly chart, with a log growth curve which illustrates how bitcoin has grown logarithmically over the years, and helps to spot potential future market peaks. I've combined this with a couple trend lines to give us potential scenarios. One being, we top out around May this year at 112,000$ or slightly higher. We...
This is my big picture view for Bitcoin over the next 2 years. Key support/resistance levels and dates with final price target in the gray box.
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin finally broke into new All-Time high price today -The Bulls won the game after reaching above the 60k dollars -If and only the buyers can hold around 58k dollars for the next few days -The potential next target is 62k or up to 67k dollars -We are using Fib extension to find our potential resistance or sell...
Think we've topped for the near term. Sentiment at extremes. Ugly 2W candle. I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame. We'll have to see how it plays out. Idea invalidated on a break of $58.4k
Previous idea was invalidated due to a break of $58.4k and flip of resistance as support. Looks like we head up before down. Next stop $69-76k over the next few weeks?
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin in the short term is currently respecting the 20MA in the 4H timeframe -The price bounce back up after few minutes of trading -Currently, it is testing its recent All-time high price of around 58k dollars -Can we see Bitcoin reach new price discovery? or form a double top reversal? -This is a battle between Bulls...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is doing a great job today as the price is a few inches away from the new ATH -If the recent high can be broken and acceptance above 58k dollars -I think we can go even higher since there is no longer resistance ahead -We will be using a Fib extension to determine the potential profit-taking zone -The price can...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin did a good job breaking upward its local resistance -The bullish reversal H&S pattern is confirmed -We have two potential good scenarios today -1st to go straight and retest the ATH price level -Or a pullback to retest previous resistance to become new support -If we are following the major trend, we will always...
An idea using more indicators than usual Patterns within TSI can be identified, assume that the 2017 parabola repeats (green circle on TSI) Rounded top can be seen to produce consistent results throughout the history of BTC My gut tells me that another 2017 parabolic wont occur again, and the different in structures on these indicators will account for that I...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is showing signs of strength today -As the price respected the 9MA in the daily chart -It also confirmed support of around 48k dollars -If we want to see a more Bullish scenario -BTC has to break above the trendline resistance -And hold for a few days to invalidate the potential fake out -We still have few hours...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is rejected around 52k dollars area only hitting my 1st target -The price now pulling back to its previous support range -This is not good in terms of bullish price action -Because this test the Bulls if they can still maintain in good shape -A candle body break below 43k will confirm a daily Lower High at 52k...
Up from here within this current bull market Tried to be a little creative with the triangles, im sure many of you have seen charts like this.. The above chart shows where price will possibly end up