This is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its...
Update of previous idea. TA made clearer, crossings on indicator highlighted. Should go sideways for a few months, then up.
What is bitcoin halving? Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The...
The price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this...
S&P 500 closed below the 200 EMA today. Stocks markets turn bearish with S&P500 friday closing below the EMA 200 and at a step to a new 2023 low, bonds crashing, TESLA -20% in a couple of days, but the Bitcoin community still strong buy with the unique reason "The Spot ETF". Yes, it will be good. But now it's just a news, and till will be active and ready you...
The price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a...
The price breached through 4h resistance 4HR1 after being pushed down initially on the test of this resistance from below. Now it has retested this resistance and this resistance is going to probably act as a support. And therefore, the price is going to go higher from there. This makes a conducive environment for a long trade on this pair. The target of this...
Bitcoin is in a slow downtrend, as low volatility has updated the record again. The market tends to take liquidity in this area (30300 - 30600), there are active sales in this zone. Globally, I expect a retest of levels (19500 - 21500), I will gain spot positions from these levels.
Mixed trading conditions ahead on the global crypto market! The sun shines ☀️ over the two largest cryptocurrencies, Bitcoin and Ether, indicating a slightly bullish market with upside potential in the next 24 hours and for the week ahead. Other altcoins face both rain ☔ and clouds ☁️ in the next 24 hours, signaling a slightly bearish or bearish market with...
If we compare Bitcoin’s PA to the two previous impulses, we have two possible scenarios. Both scenarios have nice confluence and at the moment they are both likely. Scenario A: The first scenario is based on the first impulse and correction between January and March 2023. This scenario includes a sweep below the range to gather liquidity followed by a push above...
This is a long shot long idea but like the last time this one is also worth trying. The price is not near the entry point but I will add a third a bit lower from here, a third on entry level and a third down from entry if the price dips and long still seems favorable. The target for this trade is 29236. The price may have pullbacks on the way at 27300, 28150,...
Bear market M top retest rising wedge and lower time frame HS pattern its ovvvvaaa!!! check my other ideas on the 1d/weekly TF for the bigger picture price is in serious danger right now!
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It seems long is favorable here from 28143 level if it reaches there before moving further upward. The target should be 28666 in case the trade is triggered. The extended target for this trade can be 28880. But we should reevaluate once the price moves to the first target.
The price is at resistance and it might break this. But a short is favorable here with a very limited loss possibility. The target of the short should be 29127.
The price visited the bottom of the range which is my preferred zone for long as mentioned in the last post. As expected, the bounce from that bottom seems to be good. However, I missed the entry as did not have any order open. But I have this plan for long if filled. Target as mentioned in the original post should be 28336.
BTC possible price action through various scenarios from previous movements. IMO most likely is a bullish accumulation through 30k by may
BINANCE:BTCUSDTPERP Greetings, and Happy New Year to all my fellow Berserkers! Yearly, Monthly, Weekly closes have all just happened. Which will allow us to dive deep into candle analysis as well as EW counts. Lets start with the main count on Bitcoin. (1W log Chart) I've identified a general target zone for the year. The box was drawn based on previous...