📊Analysis by AhmadArz: Short position : Wait for break 59.500 Wait for complete pollback Maybe it will happen in the halving ✨52.000 & 44.000 Good zone for again investing 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial...
The Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased...
Typical liquidity cycle is 5-6 years long (65m). Buy bitcoin before an upswing (or end of QT) and sell when liquidity tightens. Macro is the best way to analyze markets? Adjust your stakes based on position of the cycle. Markets can have risk-on, risk-off episodes. Where Bitcoin is a risk-on asset. Use 10Y-02Y for guidance.
BTC and other cryptocurrencies are in extreme bearish condition, last time this happened in may 2021, then BTC crashed from 65k to 28k in just couple of months. So be prepared for extreme bears for all crypto market.
With Bitcoin's fourth mining reward halving just days away, all eyes are on the leading cryptocurrency. However, a recent price slump in Bitcoin Cash (BCH), a derivative of Bitcoin, is sending a potential warning sign to Bitcoin traders. Understanding the Halving Bitcoin's mining reward halving is a pre-programmed event that occurs roughly every four years. It...
Could it be that easy to notice an ascending triangle pattern ? Decent W Pattern too, would be a great run into the Halving!
Trading within the price channel defined by the Bollinger Bands involves using the upper band as resistance and the lower band as support. Traders often utilize these bands as dynamic levels to guide their decision-making process. When the price approaches the upper band, it indicates potential overbought conditions, suggesting a possible reversal or a temporary...
Currently, there are few indicators that can provide a quick view of support and resistance levels, momentum, and trend in a single calculation while displaying data correlated with each other. The Ichimoku Cloud serves as a comprehensive chart evaluation tool because all lines and data displayed are interrelated. The Ichimoku Cloud allows you to formulate...
As BTC undergoes a downward trend, it appears that wave 5 has concluded, initiating the correction wave A. Upon the completion of wave C, I anticipate BTC to stabilize around $56,303. Traders should remain vigilant as the correction unfolds, adjusting their strategies accordingly.
Bitcoin, the trailblazing cryptocurrency, continues to redefine the landscape of finance with its revolutionary technology and decentralized ethos. Since its inception, Bitcoin has captivated the world's attention, heralding a new era of digital currency and financial sovereignty. Operating on a decentralized network powered by blockchain technology, Bitcoin...
A large supercycle wave is composed of smaller supercycle waves. Each supercycle wave consists of multiple cycle waves. A cycle wave is made up of primary waves. Primary waves are formed by intermediate waves. Intermediate waves are composed of minor waves. Minor waves are made up of minute waves. Minute waves are composed of minuette waves. Minuette waves are...
ADX, like Stochastic or RSI, is another oscillating indicator. It fluctuates between 0 and 100, with readings below 20 indicating a weak trend and readings above 50 signaling a strong trend. ADX doesn't determine whether the current trend is bullish or bearish. It merely measures the strength of that trend. Therefore, ADX is often used to identify ranging markets...
Bitcoin, the pioneer cryptocurrency, continues to reshape the financial landscape, attracting attention from investors and analysts worldwide. Here, we provide insights into Bitcoin's current dynamics through the perspective of a financial expert. Bitcoin's Origin: Emerging in the aftermath of the 2008 financial crisis, Bitcoin represents a departure from...
On the daily chart (D), the price closed with a bullish candlestick and retraced to the 0.618 Fibonacci level, indicating strong support. The bullish view remains intact, with potential for further upward movement if the $68-69k support area holds. On the hourly chart (H1), there is a reversal pattern forming, suggesting a potential uptrend. Traders may wait for...
A correction is possible if the bottom of the triangle is breached. If there's a breakout to the upside, well, we continue buying. This analysis reflects only my personal perspective and is not financial advice. The BTC is showing strength as it continues its ascent towards higher levels. However, there's a possibility of a correction if the bottom of the...
BTC has successfully broken out of the bullish flag pattern, as indicated on the chart. Following the breakout, a period of consolidation is expected, which is crucial for sustaining the trend. The ultimate target remains at 74804, with two potential scenarios outlined on the chart
Following a slight retracement, BTCUSD is currently consolidating within a narrow range. A significant factor affecting Bitcoin sentiment is the potential approval of a Bitcoin ETF by Morgan Stanley in the coming weeks, as indicated by documents filed with the SEC. This prospective institutional embrace of Bitcoin could trigger a fresh influx of capital into the...
In the chart above, both buyers and sellers seem unable to steer the price in their desired direction. This is evident in the formation of lower highs and higher lows. When the top and bottom lines converge, a breakout is imminent. Although the direction of the price movement is uncertain, it is clear that the market is preparing for a significant change. To trade...