Bitcoin has broken out above the resistance trend line which is also the upper line of the triangle we anticipated on previous analysis as the bearish pennant structure. However, still there isn't any confirmation for the continuation for this breaking out. Must wait the break also on this horizontal resistance at $27465 level. Also look at the TRX as the hotlist...
Bitcoin | BTC | Trading Analysis | Unconfirmed Direction | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Bitcoin is currently showing no confirmed direction and awaiting to break out of key trendlines - if we break down we could be looking at a visit to FWB:25K region - if we break up then FWB:31K to $32k...
Bitcoin is now reaching out the strong resistance zone which is the alignment between the resistance trend line and the golden ratio level. Let's see what will the price reacts because it's a huge resistance zone.
Bitcoin is back above 30K in today's session extending yesterday's breakout. Hard to look past Bitcoin today as buyers hit 30K, a price level not seen since June 2022. The move started yesterday as Bitcoin buyers broke above 28,600 resistance, and the move was held at the close, which is a great sign as it's the first set in confirming the move. Today buyers...
Bitcoin is hitting the 21.7 support zone with very poor reaction from a price and volume standpoint. On top of that we have funding rates rising again. Despite still currently structurally bullish while we trade above 20k. I'm just assuming more downside to come while any up-move into weekly open likely to be short lived unless we start sitting strong volumes...
Bitcoin overall macro I'm leaning bearish at this point, but we are in 5 waves up and have a potential for a bullish run. Bullish - This is a crucial price area for a potential reversal 20-18.5k. Looking for 5 subwaves up and testing back to the ~24k area Bearish - Getting down to 17-18k with an abc up would point towards the 10-11k 5th wave bottom. not...
Bitcoin started dropping as i told you) Where to fix Short and open Long trades you will learn in this video
Bitcoin is still in bullish territory but is currently showing some weakness at resistance. Trading under 22.7 is an excellent criterion to de-risk and wait to reclaim above it. While under the ideal bidding, price levels sit at 20.7 or 19.8. Funding Rates look bearish but are the only datapoint in don't like. check the FULL video for my broader analysis!...
Bitcoin failed to sustain above 17.1 in another nice fakeout. In my opinion just trying to delay the inevitable. There is substantial demand on the bid and sellers at the moment seem exhausted. As discussed in the previous video Options expiring in December carry the highest Open Interest of all contracts and the max pain zone points to 19k which sits at a...
Bitcoin my last video update here on tradingview Above 16 500 so many levels where sellers hide their SL
Bitcoin broke the critical zone. 2 plans for us Red: We take short IF HUGE SIZE enter a footprint blue: we take a long - If the price breaks that critical volume zone What's your plan?
Bitcoin is back into sideway PA. Macro trend and lagging indicators still looking bearish. However, I see the chance that while trading above 16.2 we have shoot at trying the upper ranges like 17.6 or the 18.4. Check the video for more nuance talk through some of the data I look at and the technical structure I am currently paying attention to. If you want...
Bitcoin - Bellow $17 200 is a but zone. We'll take a trade if big volume confirm it in a clusters
Bitcoin played out our previous plan. What's next? Watch a video to find out
Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market. We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue...
Bitcoin trading at very sticky 19k range. The BTCJPY pair has some interesting volumes visible on FTX which i discuss in the video and what criteria m looking at to see it as good and where it invalidates my bias. Funding rates are growing positive which is not good but while trades above 19.4 i see it structurally good. Nonetheless I'm concerned about it...
Bitcoin is stuck in a very tight range and the tops only continue to get lower. Be cautious with the markets as a whole and realize that Bitcoin and crypto have not yet decoupled from the broader markets especially the general idea of them chasing the SPX, Nasdaq etc. I think we could get a relief rally as we open this week after closing out last week oversold....
Bitcoin, the best area for entry is $19 500 - 19 800 If a big volume enters the market we can take long trades