2 left shoulders were just formed on the H4 The most recent one is at 70444 which just had a bearish rejection candle (confirmation) a bearish rejection from 69k would be another long signal
Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the...
Bitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows. As shown in the chart, we're in a bullish parallel channel, and I...
Hello, dear friends! 😍The halving is approaching, and anything could happen in the market, that no one can predict. 🔴Don't enter trades with large capital!! ❌It's better not to trade at all, than to be caught off guard by a huge fake candle!👎 Remember that the market could experience a significant drop before the halving or unexpectedly skyrocket to the...
BTC / USDT Since the halving is close The volatility of this month is expected to be extraordinary Also we have CPI report today which can make more volatility in market Historically BTC made a strong corrections before halving but i don’t expect this one to be strong like before since this year is a bit different because of ETFs In chart you can see high...
BTC broke through the ascending trendline and the support level. A decline to the support level at $66317 is expected to happen next.
Bitcoin has recently done a fake breakout on the upper boundary of the triangle formed. Here we are expecting a price fluctuation inside the triangle for some time under the hourly timeframe. We should watch closely on this triangle for a possible breakout confirmation. Highs probability for a bullish breakout and a rally since we are on a strong bullish trend at...
Bitcoin is trading inside an Ascending Triangle pattern. The price is currently supported on the MA50 (4h). The next long term Support is the MA50 (1d). The most efficient buy signal inside this pattern has been when the RSI (4h) crossed under (even marginally) the 30.00 level. Trading Plan: 1. Buy when the RSI (4h) breaks under 30.00. Targets: 1. 85000...
Hi. COINEX:BTCUSDT Today, I want to analyze BTC for you in a 9H time frame so that we can have a SHORT-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). It appears to be moving within a symmetrical triangle on the shorter time frame. Currently, it is attempting a...
In my most recent BTC analysis I talked about Bitcoin's pending break out of the bull-flag pattern on the chart. As of today, my initial entry has been hit and the top resistance has been retested as support. This makes me believe that the break out is legit and that a new leg up is on the horizon. My target remains at 80k, although I wouldn't be surprised if...
Hey traders! 😊Ever felt the thrill of a breakout looming? Today, we're diving deep into Bitcoin's current triangle situation. Let's navigate through potential scenarios and craft our strategy for the upcoming ride! Bitcoin's stuck a little bit. Will it break out upward or downward? The suspense is killing us!No fear! We've got a plan for both outcomes. 🔍 ...
DASHUSDT is forming a conglomeration of bullish assumptions, attitudes and patterns. It is possible that the coin is starting to see a buyer, but it all depends more on their potential and interest. On W1, the coin is trading almost at the bottom, which is the 22.6 area, and the strong support in this case is the 25.0 area. Relative to 25 a triple bottom is...
BINANCE:BTCUSD is trading in a neutral market. After updating the global ATH the market did not let the price to this zone, strong support levels are formed from below. The conglomerate of strong zones in general indicates that there is no clear potential at the moment and consolidation will continue further. The price is trading within a range, the boundaries...
#BITCOIN SUPER BULLISH BREAKOUT CONFIRMED 1⃣ CRYPTOCAP:BTC Broken Symmetrical Triangle Resistance 2⃣ Bullish Target as per Pattern Would be $95000 3⃣ Bearish Scenario only If #BTC Breakdown FWB:65K Level 4⃣ Breakout = $70800 & Retest $69800 = Pending 5⃣ This Bull run of Bitcoin will be Huge RT/Like if you Agree with my setup
As mentioned in the earlier post, the support level of over 65,000 remains intact. Yesterday witnessed a significant breakthrough with Bitcoin surpassing the $71,000 mark. Consequently, as long as the price of BTC maintains its position above $70,000, there's a strong indication of a potential new all-time high in the near future. Additionally, it's worth...
Just one look at this chart and you quickly realize how undervalued XRP is in compression to BTC. Bitcoin always runs first, then XRP plays catchup. Time to sell Bitcoin, and buy XRP. Good luck, and always use a stop-loss!
Bitcoin is overbought on all long term charts, even on the 1M (RSI = 76.950, MACD = 8398.200, ADX = 50.431). On the 2M chart is past a LMACD Bullish Cross that has been always formed during the past two Cycles before the parabolic rally of the Cycle. Historically the All Time High breaks shortly after the Bullish Cross. In 2020/21, the rally lasted for...
A symmetrical triangle is what I define as a diagonal pattern, meaning that the breakout is through a slanted line. A simple penetration of the upper boundary of a triangle is NOT a legitimate breakout. Only a close above the Mar 27 high with expanded volume should be considered as a breakout.