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...
Bitcoin ( CRYPTOCAP:BTC ) today set a new all-time high price above $69,000, as investors and traders rush back into the cryptocurrency market.
The digital asset surged to about $69,324.58, according to price data on Coinbase. That's a 4% 24-hour rise. Over the past 30 days, the asset has soared by more than 58%. Its previous all-time high of $69,044 was set on...
Traders,
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that...
- Selloff to start the trading day
- Potential reversal forming around $26.87 with wicks below
- NASDAQ:BRRR Bitcoin Spot ETF Performance After Jan 11 DebutLow trading volume = Only $737k and counting
- Selloff to start the trading day
- Potential reversal forming around $52.43 with a very suspicious wick below
- Low trading volume = Only $337k and counting
Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin.
As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)...
The same scenario could play out for the 2024 bull cycle, with each of...
The closer we get to a spot bitcoin ETF approval (~2nd to 10th of January 2024) the more I think it will play out as a crypto typical "sell the news" event. I kind of think it's priced in already and the latest rally was 90% driven by this narrative. Please don't get me wrong, I'm sure BTC-ETFs will have a positive impact on price for all the obvious reasons, but...
In the next 25 days, the approval decision for the #Bitcoin ETF is anticipated. The market reaction to such news is often influenced by three types of news psychology:
> Sell The News: Traders may opt to sell their assets once the news is officially announced.
> Sell Before The News: Some investors may choose to sell their holdings in anticipation of the news,...
hello dear trader and investors
If you follow my page, you know that I have already said that you should only buy Bitcoin, an economic crisis is coming...
Today I want to present another analysis
Bitcoin has reacted to the 0.23 Fibonacci retracement wave... the next target according to the harmonic pattern can be the 2.616 Fibo savior... which is a prz savior...
An idea about the BTC Dominance.
Thats the move that i expected to see till the BTC halving.
Already is on Breakout after the Fake news about BTC ETF.
But.. I expect to see higher moves with the upcoming hype about the BTC Spot ETF.
If we see a 10% pump at fake news what moves we will see after Blackrock and other big institutions will Start shill BTC to...
Traders,
As you know, my original target is 31,600. Obviously, from the chart, you can see that 30k is significant resistance as well. Because of the quick pump this morning due to spot ETF approval news, I sold half my BTC at that 30k level. After dropping back down I decided to re-enter at 28k thinking that we'll now use that 200-day SMA for support. Overall...
