Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and...
Last weeks high: $43821.44 Last weeks low: $42563.55 Midpoint: $41305.65 HAPPY NEW YEAR TRADERS! A new year has arrived and with it another year of price action or BITCOIN. This year the general sentiment is as strong as it has ever been with ETF's & THE HALVING events in the first half of the year alone. Last weeks price action showed a consolidation just...
Seasons greetings to all! Warmest wishes for you and your family during the holiday season. In my last idea we saw that COINBASE:BTCUSD was able to break the double bottom neckline at 43,5K but was unable to create any significant momentum to continue the rally towards 45K. Since the holiday season has started, a period with lower volatility, i am not...
Over the last couple of weeks I've been posting a lot of analyses on Bitcoin's bull-flag pattern. My expectation was always that the price would break out through the top resistance, with a target of 48k. As of this morning, BTC has rallied hard on bullish ETF news. The break out is strong with a lot of volume, so 48,000$ seems imminent at this point. Why...
Good Evening/Morning! The call for CRYPTOCAP:BTC topping around the 44k range for 2023 was GOOD! 1st trading day and #bitcoin rips higher! How's that for coincidence, huh? The call for #BTC being in a temp pause & in a CONTINUATION pattern was GOOD! IMO, the next level that #Bitcoin is most likely to test is the 48k with a good possibility of hitting low 50k...
BINANCE:BTCUSDT Bitcoin has recently seen a deceleration in the mid-$40,000 range, encountering resistance levels between $43,000 and $44,000 on both a weekly and daily basis. From a technical standpoint, surpassing this resistance zone is crucial for supporting a bullish continuation. Currently, the market is facing challenges in overcoming these levels. To...
Seizing the Opportunity: Why Now is the Perfect Time to Invest in Bitcoin In the fast-paced world of cryptocurrency, an exciting development is on the horizon that could reshape the landscape of Bitcoin investments. With the spot Bitcoin ETF amendment deadline for S-1 filing just days away, the anticipation of regulatory approval is sparking a significant surge...
Greetings, BTC has been struggling to breakout and then stay above $44K. With time since the previous move above $38K resistance, the top trendline has been descending. Along with that, the recent bounces have created an ascending bottom trendline. If we extend this bottom trendline back, it aligns well with the previous resistance very well which makes it a...
The closer we get to a spot bitcoin ETF approval (~2nd to 10th of January 2024) the more I think it will play out as a crypto typical "sell the news" event. I kind of think it's priced in already and the latest rally was 90% driven by this narrative. Please don't get me wrong, I'm sure BTC-ETFs will have a positive impact on price for all the obvious reasons, but...
Bitcoin's recent attempts to breach the $44K mark seem to be losing steam, hinting at a possible downturn. The inability to break this key resistance level could signal a shift in market sentiment, leading to a retracement. Key levels to monitor: Immediate Resistance: $44K Potential Downward Targets: 39K - $35K If BTC fails to sustain above $43K, we might...
BTC is at a critical juncture as we anticipate the ETF approval next month. Despite this potentially bullish event, the charts paint a cautious picture. We haven't established a higher low in the last couple of months yet, signaling uncertainty. There's a possibility we might not break the $50K barrier soon. Instead, we could see a retracement to the FWB:39K -...
Long on Bitcoin. Aside from the world's growing acceptance corporately, the techs on the weekly chart look fairly bullish. We'll have some pullbacks and consolidations of course (duh..), but across the horizon and according to structure, we're still progressively bullish. As we've done some rebalancing inside that bear run, we should expect to see some old highs...
The first day of the week seems rather neutral, with slight bearish signs. We see the price of BTC being held by resistance at $45K and, at the same time, being on the upper side of the middle line of the Bollinger Bands. Our first target is to enter back inside that small trend path and potentially breakdown from it as well! Which should result in a nice first...
maybe we must attend to whales' movement for short time, however , In the current situation, it seems that it is better to be a buyer, The increase in the price of BTC has various reasons, but one of them is the wink it gives to the ETF. We have to pay attention to the fact that ETF conditions are associated with cash and this can be in conflict with the nature of...
Here's a post not many people will like! But as a professional trader of over 23 years now, I can say, one does not stay in the game this long without learning a thing or two. This year I started my Christmas break a little early wound down and been enjoying some hobbies and movies. Last night I watched the film called Dumb money, it emphasised the retail...
BTC on a weekly has been on a tear and is obviously over heated from all technical regards. However there is strong fundamental news holding the price up in anticipation of the SPOT ETF deadline in January 2024. I am proposing a theory that goes against the general sentiment in the market right now - in the face of everyones over bullishness, including Bloomberg...
ETHEREUM along with BITCOIN have both produced huge gains this year with ETH up 93.66% and BTC at 166.35%. For me ETH is at a crossroads and the positives and negatives in my opinion are as follows: POSITIVES: - The market looks strong, consolidation periods are not long in duration, and price has just broken out of a long term range. It looks like crypto...
hello dear trader and investors If you follow my page, you know that I have already said that you should only buy Bitcoin, an economic crisis is coming... Today I want to present another analysis Bitcoin has reacted to the 0.23 Fibonacci retracement wave... the next target according to the harmonic pattern can be the 2.616 Fibo savior... which is a prz savior...