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...
The Bullish Pennant Signals Continuation of Uptrend - indicating that the upward trend may resume. This means that the upward momentum will soon return after a consolidation phase, where the buyers have accumulated enough energy to push prices higher. I believe the price will continue to rise.
Examining Bitcoin (BTC), this analysis identifies a potential short-term long trade. We'll be deconstructing the current price trend, meticulously evaluating recent price action, gauging market forces, and targeting a potential entry point aligned with favorable technical indicators (further details provided in the video). However, I cannot emphasize enough the...
Many educational resources suggest that in most cases, the buying side will win the battle and prices will break through resistance. However, based on our experience, this isn't always the case. Sometimes, the resistance zone is too strong and the buying side lacks the strength to break through. Prices often move upwards after breaking the pattern in the majority...
Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the...
The ever-volatile world of Bitcoin is once again presenting a perplexing puzzle. While the price seems to be taking a breather, technical indicators are flashing conflicting signals, leaving investors scratching their heads. The Relative Strength Index (RSI), a mainstay in technical analysis, sits at the heart of this debate. RSI: A Gauge of Momentum The RSI...
I think bitcoin is on the way to retrace till $62.000. It's breaking below mid term trendline and i expect a continuation till the support area i highlited
In the dynamic cryptocurrency sector, Bitcoin (BTC) serves as a beacon of innovation and volatility. As financial experts delve into its complexities, here are some key insights and analysis on BTC's current state: Price Volatility: BTC's value is notorious for its volatility, suggesting both the potential for significant profits and steep downside risk. Market...
Due to today's BTC sale could test 60K level. BTC today broke the important support level of the rising trendline. Need to claim it back soon otherwise 60k is unavoidable.
Exactly, when the Exponential Moving Average (EMA) is trending upwards, it indicates a short-term uptrend in prices. However, if the Simple Moving Average (SMA) is trending downwards, the long-term trend may be bearish. When the SMA crosses above the EMA, this could be a sign of a reversal in price trends.
Bitcoin, the world's most popular cryptocurrency, is facing a wave of uncertainty. While some investors eagerly await the upcoming halving event, anticipating a price surge, analysts warn of a potential downdrift. The Halving Shadow The Bitcoin halving, scheduled to occur in 10 days, is a pre-programmed event that cuts the rewards for mining new Bitcoins in...
BTC Showing Bearish Signs on H1 Chart - Caution Advised for Futures Traders, Hold Steady for Spot Traders
CRYPTOCAP:BTC #BTC Tested $66,961 on Friday as expected, revisiting key support at $66,323. Finally above $68,546 on 3rd attempt, $69,813 testing. Bullish engulfing on last 1D close and RSI also looking good on 1D, expect $71,379 test if followed thru, $68,546 support yet to be tested, it will be key support if held.
After hitting the bearish target as per the previous analysis, BTC retraced slightly to form a large triangle pattern. We hope that this triangle support can withstand the selling pressure, and if successful, the next bullish target is the triangle resistance level at 70920.34. However, if this pattern is broken down, I will provide a new analysis.
BTCUSD is currently facing the risk of Bitcoin Halving. For this reason, it would not be surprising if the market is continuously controlled by bears. Both the short-term and medium-term outlook show that the bearish trend is gradually strengthening. Technical setup on h4 chart, Relative Strength Index (RSI) is trending overbought <50, allowing for the possibility...
We're considering a potential sell opportunity for BTC: Sell at 67779 SL: 71622 TP: 60450
Bitcoin's swift resurgence comes as no surprise, given the impressive speed observed across various timeframes where the price surged relentlessly, rendering trend lines seemingly impossible to draw. The target for price speculators this week is to surpass the resistance around the $70,800 mark to sustain the upward trend in the medium and long term. Potential...
Bitcoin's future is here due to growing ETF adoption. Here's a breakdown of the key points with a neutral perspective: Key Points: • ETF Adoption: The message highlights the increasing adoption of Bitcoin ETFs, which could be driving institutional investment. • Potential Rally: This suggests that Bitcoin's price may rise significantly due to this new wave of...