What are our thoughts on Bitcoin and the overall market/market sentiment? I have too many words right now for the markets. So many things converging as far as the dollar, rates, equities, and crypto. This chart is gorgeous and I love seeing the false breakdown over the Iran/Israel headlines. The bullish divergence on the RSI is also lovely. The SPY has finally...
Bitcoin broke the descending trendline and the resistance level. Bullish movement boosted by upcoming halving can bring BTC back to $68k level and above
I think we will be pretty chill now for at least the next 6 months, based of the precedent moves in 2020 & 2016 took some profits (again) and will refill for each fib time for some sun and vacations now here in northern hemisphere ;)
If #btc #bitcoin succeeds in breaking out this trend line and ichi cloud with daily close, #cryto and #altcoins will be more optimistic for a while.
seems like halving correction has over now and btc finally preparing for another leg higher formed falling wedge in hourly timeframe while rsi printed massive bullish divergence expecting successful breakout too incase of successful breakout expecting move towards 72 to 73K in coming days
We can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the...
Bitcoin hit our target - NEW plan Yesterday we traded fake-out my long entry was at $67 752 Main reason why we took a long trade is the Paranormal volume and big delta I think price can make local SL hunts Globally price should break out of value for clear trend direction
BTC -time to rotate around the Value area The main reason why I think so Big liquidation already happened Often after it price creates the RAGNE market BTC just hit an important level with Volume and Open interest spike i expect rotation toward FWB:65K
My TA is based on SPX(SPY/SP500) long term, with Bull and Bear markets. - At around 92-95k, It is time to open a Big Short with x2-x3 and risk. - SL above 107k - I think it will slowly grind till 93-95k but fool everyone thinking it's going to 200k, etc. - Then, we'll see those massive red candles for weeks. - BTC sub 20k will come, but after a prolonged bear...
Check this out. BTC cycles. This is the monthly RSI. Every time it hits that 82 line, where we are right now, it's right around the previous all-time high and right before the subsequent bull run
I hope you guys enjoyed the video; if you have any questions; feel free to comment down below!
Bitcoin is bearish on its 1D technical outlook (RSI = 39.469, MACD = -911.900, ADX = 24.282) but on the 4H timeframe it has posted a bullish divergence on the RSI via a HL trendline, which was present on the last two Lows. Those were not bullish divergencies though as the price was also on HL, which makes today's formation even more bullish. The pattern is a...
CRYPTOCAP:BTC price is testing the previous support zone (now the resistance zone).
Normally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence. As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down. Like mentioned in the analysis...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to pennant, where at once made an upward impulse to resistance area from support line. After this movement, BTC turned around and in a short time declined to this line, making a fake breakout of $72750 level. Soon, price exited from...
💡Bitcoin started to rise after the Spot Bitcoin And Ethereum ETFs were Approved In Hong Kong but failed to break the 🔴 Resistance zone($66,100-$64,500) 🔴and created a Bull Trap . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed 5 downtrend waves in the 15-minute time frame . 💡Also, we can see Regular Divergence(RD+) between ...
Breaking up this short term resistance is the invalidation. Not financial advice.
Futures CRYPTOCAP:BTC has sold off and currently at 2 support levels. One of these is the blue moving average. However...... If you prefer spot #BTC analysis, we can see that #bitcoin is already trading underneath all moving averages & showing extreme weakness. Which one is correct?