Analyzing BINANCE:BTCUSDT on a weekly basis is currently one of the simplest but also most effective tasks. This is because Bitcoin generally only fluctuates between support and resistance. In addition, it is fully compatible with the Fibonacci correction. Therefore, I can easily determine how far it will run. The fact that INDEX:BTCUSD has not made a...
BTC/USD broke out of the previous trading range to $35,000 and has been in a bull channel continuation pattern since. Just above this bull channel is the weekly bull channel resistance which happens to be a perfect measured move setup from the previous breakout level. The probability is in favor of a breakout to the upside to at least touch the Weekly channel...
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Hi Traders, Investors and Speculators of Charts📈📉 As you know, we're trading in the opening moments of a new bullish cycle. A quick look at the BTC chart from short term and macro term perspective. In the 4h we see a flag pattern, and in the weekly chart we see a significant event that last happened in June 2019, which was the opening moments to the previous...
BTC price made a bullish breakout of the ascending triangle pattern, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
The electronics market is persistently declining, currently at approximately $34,400. Based on the 3-hour chart analysis, the trend line is seen as a strong support level that could drive prices upward in the near future. The immediate hurdle lies at $35,382, and surpassing this resistance is anticipated to bolster Bitcoin (BTC) for further valuation...
📐LEVERAGE BUY 📐 Pair : BTCUSDT Exchange : BINANCE Order : LIMIT BUY (5x) Entry : 1 - 100% @ MARKET 🟢 Targets : 1 - 20% @ $34.500 2 - 20% @ $34.900 3 - 20% @ $35.300 4 - 40% @ $35.600 Stoploss : @ $33.899 @💵 CFX - Premium
Easy to see that BTC is running in an Ellitot-wave triangle pattern. We need to wait the wave E finish before making a long order. There are 2 ways to make the order here. Risky way: Make the order when the price hits the support on the chart. I would like to set the stop loss at around 33200 (under wave A) and move it to 33350 (under wave C) when the price...
U.S. stocks performed well on Wednesday, recovering for the first time in three months after the Federal Reserve kept interest rates unchanged for a second day in a row. The move has investors believing the central bank will not adjust interest rates for the rest of the year. At the close of trading, the Dow Jones Industrial Average rose 221.71 points (equivalent...
The H4 BTCUSD chart is still showing a steady sideways movement, with the accumulation price range holding steady. We've recently observed a bearish reversal pattern known as the bearish Wolfe Wave. When point 5 of the Wolfe Wave pattern is reached, it signals a potential price reversal according to the Wolfe wave theory. In this instance, point 5 aligns with the...
I think the path of bitcoin is upward and at least I think we will see bitcoin at 41 thousand dollars in some time. I think that the area I specified is the best area to buy bitcoin. Do you think it is possible for bitcoin to correct to that area? 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please,...
Polkadot (DOT) has taken another exciting step into its ecosystem by going live with Staking Dashboard 1.1. This upgrade was introduced by Ross Bulat, an engineer at Parity Technologies responsible for developing Polkadot. According to him, the new staking dashboard will give Polkadot stakers a more intuitive report on what is happening in the ecosystem.
BTCUSDT H4 - The price has formed a triangular formation when it breaks through/fixes the level; we can consider continuing the upward movement. Targets 38700.00 What can you expect? If successfully fixed to the trend line, you can consider entering from the nearest levels of 34766.00 with a small risk on the idea with a target of 37387.22 It is better...
BTC seems on low time frame increase in volume. The new week chart should confirm if this increase will continue This is only for day trading, BTC still need to get confirmation for further trend.
🚀#Bitcoin Roadmap to $42,000 till December $2023!🚀 Let's consider two potential scenarios for Bitcoin's path until December 2023: 1. Bitcoin might drop to the lower $30ks and then experience a quick recovery to the $37k - FWB:42K range. 2. Alternatively, Bitcoin could surge to $37k and then retrace to the lower $30ks before making another push toward ...
BTCUSD New forecast The price perfectly fulfills my last idea and price reached to our first target and now on the way to reach the second target . Bitcoin price resumed its positive trading after reaching our expected target at 35048 and rebounded from it, trading near the 35048 barrier, waiting for it to breach to achieve our next positive target at 35754...
Hi Traders, Investors and Speculators of Charts📈📉 I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could...
Bitcoin broke through an important resistance zone at the July peak at 31800, thereby creating a Double Bottom pattern (bottoms in June and September 2023), opening up the potential for a price increase to 39000. Bullish Momentum The strength helped BTC surpass the 200-day MA, coinciding with the August peak (28150). Additionally, on the weekly chart BTC broke...