Bitcoin's price action has a strong historical correlation with monthly candlesticks. This means that breakouts or breakdowns of key levels on monthly candlesticks often signal significant directional shifts in price. This phenomenon can be attributed to several factors: Psychological Significance: Monthly candlesticks represent a longer time frame and carry more...
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...
BTC is bouncing back. $60k is doing its job well. #BTCHalving
On the 5 day you can see if you draw 2 fibs, one from the last break up... in yellow, another fib, grey from cycle low to top, and look back, you can see that there are 3 tops that need to be tested from previous cycle. when you draw the yellow fib, the previous high has to be tested, that's between the 6.18 & 78.6, 90% of the time, that top gets tested,...
The cryptocurrency market has been experiencing an increase in Bitcoin price, with the digital asset nearing the $65,000 mark. Recent statements have eased geopolitical risks slightly, while concerns about new conflicts opening in the Middle East are diminishing. The spot Bitcoin ETF channel is also seeing a revival in trading volume, indicating increased...
4H TF reset, Daily TF resetting. Halving is almost upon us all. Are we gonna see 52k BTC at the Golden Pocket, only time will tell. For now it's bouncing off .386 fib. Scenario in charts. I'm till neutral
The daily structure on CRYPTOCAP:BTC is still bullish as long as we don't break and close below $59,200. My average entry for spot buy is at $61,900 after all three fills. This could be the best possible opportunity to buy since the RR would be great because of invalidation just daily close below $59K. Daily also seems to be forming this bullish AB = CD...
The $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East. Here are some factors to consider: 1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow. 2. Volume: Look for increased...
Bitcoin Daily At time of writing, we have 1 day and 18 hours till the Halving. And what will happen then ? On any ordinary day, I would say we are in the perfect position to move off the bottom of the range we have been in since late Febuary, even though we have only retraced -17%.. In that Time, #BTC PA reached oversold twice and maybe about to do it again on...
🪙 CRYPTOCAP:BTC Update April 15 The W weekly frame chart has scanned the liquidity at both ends of the previous week. When the price has not broken through the 60k-72k area, the weekly frame trend is still in the sideway trend, in the sideway it is impossible to predict whether it will increase or decrease further, so in The weekly frame is not dangerous...
What Is a Cup and Handle Pattern? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading...
BTCUSDT - Possible Bullish scenario according to the chart Pattern and technical levels!!
Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity. In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the...
U can sell this price To 59000 and 57000 Tp long term 53000 Have good trade #btc #btcusdt #sell #bitcoin
Check this out. BTC cycles. This is the monthly RSI. Every time it hits that 82 line, where we are right now, it's right around the previous all-time high and right before the subsequent bull run
HELLO TRADERS As I can see #BTC is now trading @ 70K$ time of posting this trade idea we are expecting BTC can make a new all-time any time before Halving Friends its trading now above a local trend line and holding above 70k$ which is a support now we are buying from 64K$ as you can see our pervious posted analysis risk reward ratio is great on this trade there...
CRYPTOCAP:BTC price is testing the previous support zone (now the resistance zone).
BTC/USD Technical Analysis Timeframe: Daily Bitcoin created all-time high again. We can see in daily TF a symmetrical triangle formed and valid breakout happened. Now we are expecting downward moves to the SUPPORT ZONE.