AMEX:PILL On the 4H Chart, current market price is sitting on the support of order blocks and the EMA200, while in an uptend from a double bottom in the sprint. It is moving into the high volume area of the voluxme profile. For the swing trade, the stop loss is $0.10 below the EMA200 while the targets are marked based on a combination of the horizontal...
I should preface and say that these 3 different predictions are based off a similar price action that occurred between June and July 2017, where the sentiment for BTC was very similar to the current sentiment we face here in April and May 2024. I believe that a lot of the run up of this bull market for the next year or so will be similar to 2017 where positive...
""The time to buy is when there's blood in the streets." A quote that most traders are familiar with. It basically means to buy assets during periods of weakness. Bitcoin is currently experiencing a very volatily bearish period. With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term...
I have reasons to believe in a correction of at least 20%. 1. Market euphoria. 2. ATH. 3. 78.6 retracement after the gigantic fall. 4. Temporary massive sale. Personally, I think it is not a good idea to sell. It is best to wait for better prices to buy. Below 55k, its a good idea to BUY. Take care. JB.-
In this analysis I want to discuss the possibility that Bitcoin is copying the 2019 mid-cycle bull-market and the following bear market. I don't see this as the most likely scenario, but it's still a scenario that can happen one way or another. As seen on the chart, Bitcoin saw a massive ~370% gain after bottoming in November 2022. A similar gain was achieved...
"Bitcoin represents not just the future of money, but the future of digital asset management, a secure payments system, and decentralized finance."
Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes. First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC...
Bitcoin's has practically not moved over the last two weeks. Zooming out, BTC has been trading within a bearish channel since the start of March. I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls. We cannot deny the...
I think here ibit its very bullish from here but also its too much risky anyway this with Hong Kong etf maybe can force the market price to go up
In this analysis I want to take another look at Bitcoin's performance after the halving. As known by now, Bitcoin halvings have always led to a massive pump in Bitcoin's price. My expectation is that this halving won't be any different. Yes, I've mentioned a couple of times that I see a decent probability for the halving to be a sell-the-news event, since we...
We talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle. Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow down that looks like a wave (4) correction. A correction actually...
since the weekly reversal in favor of bears for AMEX:MJ etf and cannabis stocks, the daily bounce has turned back downward, and is approaching recent multi week lows. this set of oscilatiry trend regularity indicators show when there is potential for retracement in the opposite direction should these levels hold.
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
In this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness. As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point. With Bitcoin seeing...
Bitcoin broke the descending trendline and the resistance level. Bullish movement boosted by upcoming halving can bring BTC back to $68k level and above
SOLANA has been one of the best performing large caps this year. A strong L1 project that has an ATH of $260 from the previous Bullrun that has made a huge rally off the lows. My pessimistic side is worried that the rally has been exhausted, we've reached HTF RESISTANCE as well as a STRONG BEARISH DIVERGENCE. There is a strong case to be made that using TA this...
Probably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down. This is the weekly chart where we can see that GBTC is now above its previous...
Ark Innovation ETF (ARKK) hit today its 1D MA200 (orange trend-line) for the first time since the November 13 2023 bullish break-out. This puts the price in the middle of the long-term Channel Up pattern that started on the December 28 2022 bottom. As long as the price action closes the 1D candles above the 1D MA200, we expect an instant rebound. If it breaks...