Bitcoin has retraced off the 56,400 area support (level has been on this chart for months), straight back to 64K. The arrows on the chart point to the consecutive lows that characterize a failed low pattern. This brings price to a tricky area for new swing trades. The 64K area is a resistance and NOT an ideal spot for new longs on this time frame. In this scenario...
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During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the...
Hey guys and girls, Here is an updated chart from my (Feb 29, 2024) post. Technical Section: Wave 3 < 161.8% of wave 1 Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did) Wave 5 is probably too large Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3) (Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to...
We're currently in a downtrend, with Lower Lows and Lower Highs; however, it seems to be looking slightly bullish right now. Lots of different data showing the price will likely increase to ~70k within the next few weeks. There is a lot of resistance within the yellow zone highlighted here. The price will likely face rejection within this zone and if we're lucky...
Evening fellas, I hope you took adv. of this previous drop. Hopefully you noticed the fact BTC dropped more in % than most alts. Means that most alts bottomed with their /btc pairs and are ready for gains. If BTC starts to range here ($56k - 61k) for a few days, a small 10%, dominance could drop, allowing alts to run nicely. Trade thirsty!
Morning lads, Figured I'd share my view on BTC for the following weeks. There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k. But Im gonna keep that in mind and hope we move up! This trade would help alts tremendously as well.. Trade thirsty, my friends..
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on #EXPUSDT On The 6H Time Frame📊: THE Breakout Has Already Done Waiting for Retest ✅ So,I Expect a Bullish Move of 25% 🚀 #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT
Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart. Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq 17 06 2023 I have applied the cup percentages as well as the cup with handle if formation occurs (high...
🚀 ACA Limit Buy Signal 📈 ACA is showing strong potential for gains. Remember: "Buy low, sell high." Stick to your strategy and stay disciplined for successful trading. 📈 Entry: 0.0715 🛑 SL: 0.0441 🎯 Target 1: 0.1198 🎯 Target 2: 0.1676 🎯 Target 3: 0.3183 🎯 Target 4: 0.4853 Keep learning with ML Master trading insights.
It's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength. Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today: What we're comparing this chart to, is the obvious...
Traders, Let's review the week's price action on DXY, VIX, Gold, SPY, BTC dominance, USDT dominance, Nvidia, Total3 (altcoins), Solana, and Bitcoin. I'll discuss what the culmination of my indicators is currently showing for the week and weeks ahead.
It's just BTC, with a banger fractal. Manifest it... You'll get it.
Identified Harmonic Pattern and target. If Breakout the Resistance Zone, it may reach the Harmonic Pattern Target or Simply "Respect" the top Trendline.
Bitcoin was in a downtrend, but after breaking the downtrend with resistance at 64000, it hasn't been able to break the resistance yet. As long as this resistance is not broken, the trend is towards a downward movement to around 60000.
Hi. BITSTAMP:BTCUSD ✅Today, I want to analyze BTC for you in a 12H time frame so that we can have a MID-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, BTC has completed his corrective waves (ABC) and now he has reached the end of the...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades inside the downward channel, where it rebounded from the resistance level, which coincided with the seller zone and rose to the channel's resistance line. After this movement, BTC turned around and quickly declined...
This analysis is an update of the analysis you see in the "Related Ideas" section. After a drop from the specified supply, it bounced back to the supply side. It seems that the price is going to drop again to the specified Demand side. If the price drops towards Demand, we will look for buy/long positions on Demand For risk management, please don't forget stop...