Yesterday, CRYPTOCAP:BTC broke out of the symmetrical triangle we had spoken about two days ago Today; #BTC RSI is breaking out of downtrend it's been in. Money flow pumped higher for #Bitcoin over last 2 days. All this has happened while the volume is lower. This can only mean one thing....... that is a lack of sellers. We're still bullish on #crypto 48k...
Daily CRYPTOCAP:BTC shorts are non existent at the moment. Short term, the #BTC downtrend is still intact. There's a tiny symmetrical triangle formed. (direction broken will dictate the push) Volume is paltry. As if there is a wait for something. $ Money Flow & RSI not showing much. ---------------------------------- Weekly Chart $ Flow better vs Spot...
I told you about the 'buy the rumor, sell the news' strategy on the Bitcoin ETF approval in the last article We approached the price target of 39K last Friday, and I believe that was the last dip for now! With the stock market at an all-time high, I anticipate crypto assets to follow suit. Elon Musk is likely to implement Bitcoin and DOGE on his new platform,...
Multiple geopolitical and macroeconomic factors providing strong tailwind for Nuclear power. From a technical perspective, there is a massive macro trend reversal playing out here with volume behind it, which presents a promising long-term opportunity. DYOR. happy trades, CD
Just a quick idea on the state of BTC going into the halving. The countdown to the next big BITCOIN event has started, THE HALVING Historically this is the event that kicks off the BULLRUN every 4 years. Mining rewards go from 6.25BTC to 3.125BTC and this gives miners a dilemma, do they hold on to their BTC they earn and only sell to cover costs, this...
Solana coin has had massive growth, as we have talked about earlier, where the price seems to have topped out, and now we are looking for some correction. What caught our attention here is our favourite middle line of Bollinger bands, which has been acting as a supportive line for the last couple of months. Now that we finally broke the line, price is re-testing...
Yesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated. For now, I'm still not convinced that the bulls have the...
The Momentum behind Bitcoin's surge is the EMA100 (Daily) indicator. Notice CRYPTOCAP:BTC has always reacted strongly after violating the EMA 100 either to the upside or downside, My major concern is that we've had little to no volume on Binance BTCUSDT (Spots) Since March 2023 considering Binance is the No. 1 Exchange out there.. What's your Opinion?
CRYPTOCAP:BTC will likely see 1 more dip before it resumes it's uptrend, WHY? There is still a decent amount of bullishness out there. HOWEVER, if #Bitcoin can do the following: RSI hold above halfway point $ Flow gets better, which coincides with... Buy volume increasing Then the drop will likely not be harsh & we could have seen the bottom,
Gaps are for buying and selling right? Well, this gap is right into a 52 week resistance level, with all 6 timeframes decently overbought. Looking short here with first target at 75. This thing moves slowly so i'll revaluate whenever we get there. A move to 77 would not be ideal, allowing for a potential break and bounce of this POC level, giving some potential to...
Hello TradingView Family / Fellow Traders, 🖇Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support. What's Next? 📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull...
Given the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides...
The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement...
Hi. Happy new year everyone! As you can see on the chart bitcoin can partially repeat the gold fractal, at least a few analysis on the fractal coincide, pay attention to the blue fractal. I think yesterday's pumping of altcoin and decrease of bitcoin dominance will give an understanding that it is possible to enter the market, and the fomo will start in the next...
Good Morning/Afternoon Update The CRYPTOCAP:BTC GAP was FILLED yesterday. 38k is minor support, don't expect a stand there but bounce possible. Dotted lines are Fibonacci levels. #BTC 37k price target very close. #Bitcoin 32k is a stretch but anything is possible with a volatile asset. Bearish moving avg crossover is shown by the yellow...
In my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far. Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support. In case BTC doesn't reverse from here, we're going to see a...
Since September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if...
BTC could be in trouble with a daily close below $41,229. It's been ranging since the initial run up that ended December 5th. It faked out to the upside, and is right back in the range. A daily close below $41,229 could send it back into the 30k range. Worth noting we did almost get a 100% move in 4 months. A healthy pull back might not be a bad thing.