The monthly candle has created a new price structure above the previous ath drawn in 2021. These structures are very important and are calculated on the closures, in this case monthly, even if one had also made one on the weekly towards the beginning of the month of March, was not as homogeneous as this one drawn the day before yesterday, because it was not...
✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times. 🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line . 🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge...
The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support...
Afternoon Traders, Here's what I am currently keeping my eye on at the moment. We are in this ascending megaphone pattern. This is typically a bearish pattern longer-term. The problem is that we don't know how much longer the pattern will hold before we, most likely, drop out of the bottom side. It could be weeks. It could be months. It could hold for a year. But...
Last weeks high: $71771.20 Last weeks low: $69088.87 Midpoint: $66406.55 Q2 BEGINS! BTC saw a 91.35% increase from yearly open and closed out Q1 at ~71K . A very strong first quarter on the lead up to The Halving now less than 20 days away we have only a few more weeks to get set for the event which historically brings new highs after. Now that we have...
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Target is 54k May reverse in the 54-64k zone to fill the gap left at 20k. Bullish if we can break the double top formation, Target is 80k-120k Expected to hit 54k with in the next 6 weeks.
Hello, dear friends!😊 Many of Yo are wondering if the Bitcoin correction is over. In my opinion - no, the correction could be deeper! ⚡️BUT! This is not a reason for concern; on the contrary, the price will take a breather for further growth.🚀 People are panicking, saying "Should I sell?😱" If you're not a short-term trader, selling now doesn't make any sense....
In a recent price movement, Bitcoin encountered resistance at $71,200 on a 4-hour chart timeframe. This rejection indicates that there were more sellers than buyers at that price point, preventing Bitcoin from breaking through. However, there's some positive news for bulls. The world's leading cryptocurrency appears to have found support at $65,200 . This...
Hi, friends!😊 A few days ago, Bitcoin's price action strongly resembled a double top, but today it looks more like a triple top. It sounds like a joke, but no, let's discuss what the triple top pattern is.🧐 Triple Top Pattern is a popular chart pattern used in technical analysis to identify potential trend reversals in financial markets. By the end, you will...
Hello Dears I expect Bitcoin to continue to fall In the continuation of the fall, we have two scenarios Or the 5th wave is over and now there is the beginning of a heavy fall, which is unlikely Because one wave has become three waves! The second scenario is that the third wave has just been completed and now the fourth wave is being completed and then the fifth...
In this analysis I want to take a look at ETH's price action over the last few weeks. It appears that ETH is underway to form a classical pattern that most of you a familiar with, a dead cat bounce into another sell-off. Keep in mind, the dead cat has not been confirmed yet, since the price needs to go below the purple dotted line. Still, it's a pattern that will...
One of the tokens that are attractive to hold. In the mid term, it has the ability to reach the price of $30. Be sure to check before buying. Good luck.
With BTC selling off, alts are naturally following suit. However, I think that it's more likely than not that alts will bounce soon. As for FTM, this token is currently around 30% down from the top after a massive run-up. The 4H RSI is oversold for the first time since the huge run-up started in January. Furthermore, the price is currently sitting at the 0.382...
Bitcoin is poised for its next upward move, although a period of further consolidation seems probable. Currently, we anticipate a pullback towards the 61.8% Fibonacci support level around $66k. If/when such a pullback will occur, it will likely present a compelling risk/reward opportunity for buyers.
This could be descending channel forming. BTC need higher high now to avoid bear div on 12hrs SRSI. If not, new lower low is in the cards. This is too many "if" but just keep in mind and be extra careful with long positions since most of alts follow BTC correction. Good luck traders!
As you can see, after the last Bitcoin analysis, the price was able to grow from FWB:67K to $71.7K, and today this cryptocurrency fell by more than 7% and is currently trading in the range of $66,500! The first important demand level in front of Bitcoin is $59,000 to $63,000 and the second important demand level is $38,800 to $43,700! As you know, there are only...
Similar situation to January: we had BTC trading in a range for a few weeks, then briefly breaking below support, with people calling for targets in low 30K, which turned out to be a fakeout, and a new swing trade bottom. Look for BTC to bottom in the yellow circle early next week. Additionally, let's see if the blue channel I drew is valid. Price touching the...