The downtrend has been broken, but support needs to be retested, so sell first, tp 62322/61910
Recently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your...
Please refer to my previous bitcoin post for the idea. Most of what I have to say now is in the actual chart.
Here's an intriguing take on BTC and the potential significance of the 152 (Bulls) & 52 (Bears) week cycles: 🔑 BTC: Unlocking the Secrets of the 152 (Bulls) & 52 (Bears) Weeks 🗝️ Throughout BTC's history, a fascinating pattern has emerged – the alternation between 152-week bull cycles and 52-week bear cycles. 📈📉 This cyclical behavior has been observed multiple...
Bitcoin, the world's leading cryptocurrency, has experienced a volatile period in recent months. However, a technical indicator on the weekly timeframe is sparking potential buying opportunities for long-term investors. This indicator is the Stochastic RSI, and a recent or upcoming bullish crossover could signal a reversal in the downtrend. Understanding the...
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
Perfect setup shared last week. Bitcoin has followed perfectly my ideas, and it's pumping hard. On lower timeframe, you can see it has break above trendline, and it's performing a nice range that could lead to a continuation of the pump
Our previous deal closed due to a stop loss. However, since our goals remain unchanged, we're re-entering the deal. We observed a fakeout and subsequent rise, confirming our upward trend. Let's ride this wave! 🚀📈 This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the...
in 1D chart BTC is still consolidating in falling wedge pattern...breaking out the upper side make btc trading above the green rectangular and it's just a matter of time to habben. Green rectangular is a most important zone in this chart...it represents a neck line of the inverse H&S pattern , 0.5 fib level , POC line , 50EMA 4 massive resistance in daily chart...
BTCUSD is exhibiting signs that it may be forming a head and shoulders pattern, a critical development that could indicate a potential reversal in the current trend.
CRYPTOCAP:BTC price action is currently consolidating in a Pennant Pattern.. Whether this Pennant is bullish or Bearish remains to be seen! Current Price: 64100 The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near! $Bitcoin price action needs to remain supported above 60k to go back to all...
Weekly Chart: Yesterday, the weekly candle closed red, but indecisive, right on top of the support at $61,263, which is also the mid of the weekly range zone. The wide weekly range zone between $54,758 and $67,769, highlighted to CRYPTOLEAN community a few months ago, is characterised by a slow and choppy price action and I have consistency said that a dip to...
Bitcoin under selling pressure could retest 58000 Heavy selling could retest nearest support level
Bitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame. On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we...
Given that the JP Macro Trend script integrates DeMarker and momentum indicators and now includes the OBV data, we can refine the analysis and attempt to outline a more informed probabilistic outcome for the short and longer term. However, it's important to note that probabilities in market analysis are inherently subjective and can vary widely depending on...
Logarithm. Time frame 3 days. Rising channel. The chart shows key support/resistance levels for working in a local trend. Code zone 273 or synchronization specifically with the price of $ 27,3 00—this is the main key break zone of the downward trend. We are now in the zone of the previous distribution of the 2020-2021 cycle. Scale for understanding.
I am saying this again: #bitcoin #btc price MUST reclaim BLUE daily ichimoku cloud on the chart to be bullish, otherwise daily EMA200 will likely be the next downside target. Not financial advice.