A bearish retest for #btcusd , nothing to say more. Not financial advice.
BAKEBTC has recently demonstrated strong support within the 61.8% Fibonacci level, affirming the significance of the demand zone. This was further reinforced by the price breaking above the downtrend trendline, confirming the presence of an ongoing uptrend. Consequently, the likelihood of a continued price ascent is notably high, with BAKE potentially targeting...
#BTC here is the true 5 waves, 3 looks shorter because its on log, to fit on screen (put it on linear for yourself), when in reality 3 is much larger than 1 ... wave 3 is often the longest but NEVER the shortest.. This will end up being a wave 2 correction in the macro IMO
ICP fell by -99.8% after the listing! I condole with its investors. But the downward movement is fading, which is good, because in such conditions, the accumulation phase usually begins. ICP still has $1.5B of capitalization and lots of developers work on it. 💥I'm pretty sure ICP will show it's potential dugring Bitcoin bull market. like❤️ and follow Check the...
Bitcoin - 24h expiry - We look to Sell a break of 26478 (stop at 26878) There is no clear indication that the downward move is coming to an end. A break of yesterdays low would confirm bearish momentum. Our bespoke support of 27250 has been clearly broken. We look for losses to be extended today. The lack of interest is a concern for bulls. Our profit...
On October 12, 2023, Bitcoin's price hovers around $26,663. The 1-hour chart shows a pullback from the recent attempt to cross the $28,000 level. Here are the key prices and possible scenarios: Most Probable Scenario: The 1-hour chart shows a short-term bearish trend as Bitcoin steps back from its recent highs. The Fibonacci Retracement points to a support...
I still believe that the $25,000 level is empty of buyers and easily broken The price finally consumed the twice-ignored node at the price of 28,600 in the direction of the trend and continues its price movement. The price is decreasing in the short term and our purchases are activated in the range below 22,000 I watch the market Not financial advice
I'm highly confident that BTCUSDT will breach the channel trendline, and reaching the lower boundary is virtually guaranteed. Yep, it's a short call for BTC.
In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI. As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern. Long-term investors and whales are using this pattern to time their entries and exits...
Greetings, traders! Let's dive into the hourly chart of Bitcoin to see what's been happening and what might lie ahead. 🚀 Before the recent attack on Israel, there was a notable price surge. In just a few hours, Bitcoin's value took a sharp dip, only to rebound swiftly, catching many traders off guard. 💥 Currently, we find ourselves in a phase of price...
This is another very informative study that brings together Bitcoin (BTCUSD) and this time, the Chinese stock market (CN50 - blue trend-line). We are looking into the last two Cycles and how in particular the Chinese stocks often lead BTC moves before they happen. Our focus is in the phase after the Bear Cycle bottom and before the Halvings. As you can see during...
As We Talked About in The Previous Analysis: If The Market Breaks Support Line and Closes Below That, We Will see a Bearish Move. Currently, The BTC Price Formed a Double Top Pattern. -The Neckline is Broken. -The Support Line is Broken. Let's Wait For Retest... TARGET: 26300.00🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Bitcoin hit the MA50 (1d) today after 12 days. For the short term the trend is neutral as this may be a Support but the MA200 (1d) is a Resistance, not allowing any candle closing over it. From a fractal perspective, we may see a rebound similar to April 22nd. Trading Plan: 1. Buy as long as the price is closing over the MA50 (1d). 2. Buy if the price closes a...
Bitcoin / BTCUSD remains supported by the 1week MA50 but still under the 17 month Resistance. A similar Resistance level kept the price at bay and inside the accumulation process during the previous Cycle. No candle closed over it and when it did, the parabolic rally took off. The Halving makes all the difference in Cycle dynamics, before then it is less likely...
Bitcoin lost a key trendline and it is directed on next supports in area 26200 Average are rotating but still positive, I do not expect huge spikes, but better to be careful. We can turn positive on comments only below 28000 area. At the moment this distribution has as main target a low below recent 24.581 that could take a couple of days as a couple of...
CRYPTOCAP:BTC is weakening further. Although the CMF shows TINY accumulation. #BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative. Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line. -------------------------- Now let's...
FTM has been one of my favorite tokens during the bull-run, but has lost nearly all of its value over the last two years. In its current state, it's one of the weakest big alts. In my eyes, there's potential for more bearish price action in the future. I think that FTM can fall as far as 0.03 USD. Consequently, this would be my ideal area to step in for a...
In this analysis I want to take a look at a dire market outlook which is not even that far-fetched. We should talk about the possibility of the altcoin marketcap (TOTAL3) falling another 50%, which would mean that the average altcoin will lose around 50% of its value from this point until the bottom. Back in 2018, TOTAl3 fell around 92%, while it has only fallen...