Over the past few weeks, despite the numerous calls for the bottom and trend reversal, we kept our bearish stance on Bitcoin. Today it has plunged below 25 000 USD, hitting our price target and constituting a new low. We continue to maintain a bearish stance on Bitcoin. As a result, we would like to update the short-term price target for BTCUSD to 23 000 USD and...
At the moment, Bitcoin holds up above the resistance level at 31 411.48 USD, which is bullish. If the stock market erases losses and ticks higher, then we expect it to positively impact the price of Bitcoin; as a result, we still speculate that Bitcoin might rise as high as 36 000 USD. However, the weekly and monthly time frames remain bearish which does not force...
Yesterday, we warned that the (irrational) bullish exuberance among retail investors foreshadows more pain for the price of Bitcoin. Shortly after that, Bitcoin invalidated its bullish breakout for the third time and started to fall. Finally, after erasing more than 7%, Bitcoin halted its decline at 29 309.84 USD. Since then, BTCUSD has been mainly trading...
With the recent developments in BTCUSD, we do not need to change our bearish bias. Therefore, our price target stays at 25 000 USD. Negative fundamental factors Among the fundamental negative factors weighing on the higher price of Bitcoin is the prospect of the FED pursuing more rate hikes in the U.S. and its reduction of the balance sheet. We expect these...
Bitcoin continues to move within the range between 28 615.23 USD and 31 411.48 USD. We still maintain a bearish notion on it as we expect the FED to move ahead with its economic tightening next week and pursue demand destruction. As a result, we expect the stock market to reverse the bear market rally and start drifting lower. Simultaneously, we expect this...
Next week, the FED is set to increase interest rates in the U.S., which we expect to weigh on the economy to which cryptocurrencies are highly correlated. Therefore, we have no reason to change our bearish bias. Our price target for ETHUSD stays at 1700 USD and 1650 USD. Technical analysis - daily time frame MACD is bullish but stays in the bearish area....
I think many of the Binance IPO whales will cash out some BTC and and BNB after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin. A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks,...
Ethereum appears to be forming a declining triangle. Therefore, we will monitor it closely and wait for the breakout above the upper bound or below the lower bound. We are currently inclined toward the latter scenario, which will see ETHUSD move lower. That is due to our bearish view of the cryptocurrency market. As a result, we would like to set a price target...
In the weekly time, a pattern has been formed in Bitcoin, which in my analysis, I have shown, this pattern was formed in 2013 on Facebook. Even the dropout rate of this template is the same on facebook and bitcoin So this pattern can be considered true in Bitcoin Bitcoin has a significant resistance in the range of $ 38,000. If a weekly candelabra stabilizes above...
Hello, dear traders welcome you to this BTC /USDT chart analysis. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. #BTC/USDT ANALYSIS:-As we can see in the chart mentioned above that BTC was again rejected from the...
Bitcoin has been suffering in 4-hour timeframe for a long time. According to the chart, if the candlestick closes below $ 28,500, we will have a chance to start the downtrend in this time frame, and if the price supports the return trend, we will have a resistance of 30050. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
Hello, dear traders welcome you to this BTC /USDT 30M chart analysis. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As I mentioned in my previous chart there is not much chance to see in this 30minute time...
Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis. I have tried my best to bring the best possible outcome in this chart. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see from the...
Yesterday, the general stock market erased most of its “bear rally” gains. As a result, Bitcoin also erased some of its recent profits; however, not as much as the stock market. We expect Bitcoin to catch up with the stock market and manifest more selling pressure in the short term. Accordingly, we remain bearish and expect BTCUSD to form a new low below 25 000...
ETHBTC, waiting for a 2% PB to manage risk Stop behind the vPoC, low volume zone
Over the weekend, Bitcoin moved mostly between 28 500 USD and 31 000 USD. So far it has failed to make a new high above 31 411.48 USD; however, there is still some room for more upside before the fall we continue to forecast. Accordingly, we still remain bearish on Bitcoin as we expect it to make a new low below 25 000 USD. At the moment, we will pay close...
Hello, members and welcome to this BTC /USDT4hour chart analysis. #BITCOIN inverted head and shoulders breakout confirmed lets go champ to $33.3K This is not a piece of financial advice. Then, hit the like button and share your chart in the comment section if you like it. thank you.
Hello, members and welcome to this BTC /USDT quick chart analysis. As I mentioned in my previous chart that is Nothing much change to see at this daily time frame BTC is still trading above the support zone which is $29k - $29.5k. and support zone $26.9k and resistance labels is $35k.$40.8k.$47.3k This is not a piece of financial advice. Then, hit the like...