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(BITO 1M chart)
As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point.
Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50.
It...
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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Let's check out the chart with the highest trading volume among the released BTC ETF products.
(IBIT 1M chart)
However, since the chart has just been created, the role of the indicated support...
BTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958.
The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels.
BTC ETFs have experienced an outflow of $211 million, marking the...
Hey everyone!
Appreciate a like and follow if you find this analysis helpful!
Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth...
I've been watching the 4-Hour chart on the Blackrock BTC ETF or NASDAQ:IBIT since the start.
And recently noticed that until now, all of the gaps have filled much like we see on the !CME.
Except for ONE large gap that has yet to fill, which I outline in the video.
Let me know what you think, and we'll see how this plays out!
Of the opinion BTC has entered into marco w5 of the HTF (3) wave. The (3) is set to hit $90-$110k .
For now the marco 1 has entered into a diagonal pattern which is a combination of ABC 3 waves inside of an impulsive 5 wave structure.
I have the local top at $61,000 before a pull back to $54-$56,000 for marco 2 of 5 of (3)
Today the story on Bitcoin is quite simple from a technical perspective. We have a battle of trendlines occurring. On our price chart Bitcoin is back down to that purple ascending support. Technically, this is great news as we needed a retest here before further upmovement (if that is the current trajectory). However, there is some trouble on the RSI as we bang...
Traders,
When I initially spotted what I thought could turn into an inverse head and shoulders on Bitcoin, we were at the neckline. I drew in pink what I proposed could turn into this inverse h&s with supports all the way down to 64.5k to remain valid. I am happy to see that the right shoulder appears to be forming faster than anticipated and our accumulation...
BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right?
Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time.
On...
#Bitcoin "Sell off" - Why ?
Firstly, it is all a very well measure correction, what is sold, is bought up.
SO, This CORRECTION of Bitcoin is NOT panic selling, as supported and shown by by the most excellent @_Checkmatey_ and @_checkonchain via X
OnChain data tells us what is Really happening.
We are seeing more the continued movement of GBTC stock. The...
Using a technical indicator called the Wyckoff method, I've created a chart for you. Currently in phase C, we expect Bitcoin to retest its all-time high and reach overbought levels before experiencing a deep correction. Apart from the Wyckoff method, in Elliott Wave Theory, we also anticipate the completion of the fifth wave, which is the internal wave of the...
That CME gap that was created on 22 March has finally been Filled.
For me, the pressure has been on PA to Dip back into that gap to fill it and so we have been ranging above it for weeks.
This takes the battle lines between Bulls and Bears to a higher level.
PA can move on.
But will It ?
Hong Kong just approved BTC And ETH ETF's.
We may see outflows from USA...
Traders,Just minutes after my last post, Bitcoin broke the Inverse H&S neckline. I had to get this post out quick and it is probably still late.
Entry 67,500
Target 73,700
SL 66,300
RRR 5/1
Stewdamus
Traders,
I've been reading that the second round of GBTC outflow, which contributed to the selling pressure recently, is drying up. This pattern on the 4 hour chart will either confirm or deny this rumor.
You can see the inverse head and shoulders pattern drawn. A break to the upside would target our previous high almost exactly. A failure to break the neckline...
We are already in the last week of March, and it seems to me that the corrective process outlined in the previous analysis is about to happen.
We are seeing prices losing strength and opening up margins for corrective drops.
As I always mention in my analyses, the long-term chart does not indicate a change in direction, so the increase is still strong for this...
📈 Bitcoin has recently exhibited a rising wedge pattern on the 4-hour chart, indicating a potential correction in the near term. This pattern is characterized by converging trendlines forming higher highs and higher lows, signaling a weakening momentum and a potential reversal. 🔍
💲 As of the time of writing, Bitcoin is trading at $68,200, and based on the...
Traders,
This is exactly why I love technical analysis so much! Check out what BTC just did. It hit my multi-year support/resistance trendline from 2019 with surgical precision. I mean ...to the penny (almost). And this just goes to show that when you put in the time and study the charts, you may find indications that no other analyst talks about. This is one...
