... Then, dependent on what happens around the $20,000 level, up, then down, ... etc., etc. This is all speculation, of course, then again, that is the name of the game. - Right?! Trade it as it unfolds.
For this trade to be in play, Bitcoin still needs to drop about $2,000. That said, we hope BTC eventually trades down below 25K. This setup is considered a “bear trap” because traditional support/resistance traders are likely to be watching/sell a break below the 24756 low which printed on 6/14. Despite what traditional technical analysis suggests, making a...
Bitcoin has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The currency is moving within a rectangle formation between support at 25971 and resistance at 30488 . Pivot Price: 27687 Resistance prices: 29051 & 29452 & 29807 Support prices: 26967 & 25971& 25303
Hello friends, I'm new to elliot waves and I'm open to discussions. What do you think about the chart?
In my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory. TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action. After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This...
Heaven can be cold Baby, baby, when you lose control Everybody needs someone 🅱 Be careful in the night He can hurt you more Baby, baby, as he did before Come on baby, keep your hands of him In the gypsy night 😘 It will come and go Everybody knows You make your own Heaven and hell 💔 Daytime traders love for sale You make your own Heaven and hell Statements full...
Along with all of the major stock indices falling below their 50-day moving averages this week, Bitcoin is also below its 50ma and testing the 100ma for support. Failure to hold above the 100ma near $28.7k will likely lead to a test of the orange trendline near $28k. If that also fails to hold as support then we can consider the uptrend in price over and a...
Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Having familiarized myself with the market situation on the younger time frames, I can note several key points of the situation that need to be paid attention to. First of all, the current decline in volatility on the first cryptocurrency indicates that the "spring" is narrowing...
The main chart is the ratio between Futures on BTC and S&P500 👉 Bitcoin CME Futures contracts are equal to 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR) 👉 E-mini S&P500 Futures contracts are equal to 50 x S&P500 Index Special remarks 😀 The Support Area and Resistance Areas are as highlighted on the chart. 😊 Since Bitcoin CME Futures were...
Quick market update focusing on Bitcoin and covering BTC CME Futures, ETH, SP, NQ, and DXY. Effectively Bitcoin is still holding the $30k support and trend does remain to the upside, with major news events starting Wednesday with inflation data, we are expecting an increase in volume/volatility. Overall we did breakdown from the range high but until the $30k...
Traders and investors, Bitcoin has been causing a lot of confusion among traders and investors. So let's break it down and understand. 1. in June 2022 (1 year ago) Bitcoin broke out of the 30000 price tag but never retested that. 2. This year it formed a W pattern to reach that level and retest it. 3. The price reached 30000 this year and completed that W...
BTC Bears Target Sub-$26,000 on SEC v Binance and Ripple Battles BTC was flat this morning, with regulatory uncertainty stemming from the SEC lawsuits against Ripple, Binance, and Coinbase testing buyer appetite. The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought. Bitcoin’s correlation...
Bitcoin futures closed slightly below the $30,000 mark (at $29,910) last Friday. However, the price took a nosedive over the weekend as Binance temporarily halted Bitcoin withdrawals and transfers, citing an overwhelming number of pending transactions. On Monday, Bitcoin futures opened at $29,105 and continued lower toward the $28,300 price tag where they...
The recent emergence of meme coins like PEPE, WOJACK, and CHAD just resembles Elon Musk's SNL debut as DogeFather.
Chart of filled and unfilled gaps of CME BTC futures contracts Green = Previously filled gap Yellow = Unfilled gap Red = Unfilled gap with large distance from current price
This gap has given a headache and it seems to be the one and only reason for this rally. Note the decline in futures volumes. The market demands a normal accumulation.
This is the updated chart for references of accumulation phase.
This is the updated chart for references of accumulation phase.