This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Hello all dear traders! Just as I mentioned about the trend earlier, the support level at 61,800 USD could not turn BTCUSDT around and the downtrend continued. Currently BTCUSDT has stalled at $56,590 and technical signals show that the coin is likely to return. And if this happens, it will be difficult to last long as it approaches the resistance level of...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact...
Nice to meet you again! On the BTCUSDT H12 chart, there doesn't seem to be much change from yesterday. The current price is mainly trading under the control of the bears at the $61,000 mark. In the scenario where BTCUSDT may continue its technical downtrend, it is expected that the nearest potential target could be the $51,000 area and even the $50,000 round...
Hello traders! Today, we're witnessing further weakness in BTCUSDT, with the coin currently down by more than 0.73% for the day, trading around $57,960. From a technical perspective, BTCUSDT is poised for potentially greater declines after the bears successfully breached the strong support level around $61,000. Currently, the technical landscape does not offer...
#Bitcoin Monthly Chart After the breakout of the previous all-time high, BTC is currently retesting it. The most possible scenario for Bitcoin, in my opinion. What are your views on this chart?
In the dynamic world of cryptocurrency trading, seizing the right moment is paramount. As the BTCUSD pair opens with a sell opportunity at the price of $57,575.74, it presents a strategic entry point for traders seeking to capitalize on market movements. With precision, the suggested sell position at $57,575.84 offers a calculated approach to potential gains. To...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
Hi everybody! Happy to discuss with you the current situation of Bitcoin. Currently, Bitcoin is showing signs of a medium-term bearish trend, based on the descending triangle pattern and the 34.89 EMA showing signs of reversal (signaling a potential downtrend on the H12 chart). . Accordingly, the false breakout of this pattern is pointing towards a clear bias for...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
""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...
Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to...
Get ready for some massive gains in the next 2 weeks. BTC most likely to bounce from 57-58K zone. With BTC prise rising and BTC Dom. decreasing, Alt season is going to begin
🏃♂️ Bitcoin is moving near Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 . 🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢. ...
Hi everyone, Bitcoin price plunged below 59000 breaking support line and now is aiming 53000-50800 support area. I personally don't think that BTC price can drop below 53000-50800 support area but I admit that there might be wicks below the area. I would like to note that 30% price drop from all time high is very common for Bitcoin and there is nothing new...
Time to buy. +16% coming. With the FED this afternoon and do to the liquidation of bitcoins, and also the area, very good support. Let´s see. blessings.