Bitcoin (BTC/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 67,226.54 1st Support: 64,695.46 1st Resistance: 68,647.05 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Something funny going on massive spike down twice Cleared out Stops though Wick should be Filled and continue heading lower Wait for close below Buffer Zone
The trend is still our friend. I still see bullish developments in the price action. We must have patience. Dips still must be bought. The plan hasn't changed. We still aiming for that time period of 9 -15 months post #BTC Halving. We are only one month down :)
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...
Dow theory stands out as one of the most revered theories in the history of financial markets. Whether you're engaged in intraday trading, short-term trading, or long-term investment, understanding this theory is bound to help you formulate diverse strategies. Originally crafted by Charles Dow in the late 1800s, Dow Theory, also known as Dow Jones Theory, has...
Bitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame. On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we...
BTC/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 65,136.71 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 63,421.66 Why we like it: There is a pullback...
Overview As of the current market state, Bitcoin (BTC/USD) is trading at $67,046.70. The market exhibits a bullish bias, with the price action indicating a potential upward trajectory. Below, we delve into the technical indicators, candlestick patterns, and market sentiment to provide a comprehensive analysis. Candlestick Analysis The daily chart reveals a...
The correlation of Bitcoin with "17" can be interpreted in a couple of interesting ways based on recent data. 1. **Correlation with the S&P 500**: Historically, Bitcoin has had a low correlation with traditional equity markets, including the S&P 500. Over the past decade, this correlation has averaged around 0.17, suggesting that Bitcoin's price movements have...
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Amidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political...
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
Observe the daily on log mode. Notice the two prior fractals that show the same thing happening. Massive last minute accumulation occurring as I type this. We are headed to 90k - 120k over this summer. Next leg up. Not financial advice.
Could potentially be a sharp decline. Chart outlines a potential path for the next 1-2 weeks. Looking to potentially take tp at 57200-58000 For now TP is set and lets see how the week develops
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...
Bitcoin | BTC | BTCUSDT | BTCUSD | BTCUSDC key levels A falling wedge (fw) pattern forming in BTC daily chart on closing basis , FW brkout on upper side will make btc bullish
Bitcoin is a descending channel and currently sitting at the upper range at area 67-78k. Next target if the upper range holds is to the major support demand zone at area 50-52K and the lower range of the channel.
Like, comment and share with your peers! BTCUSDT has been ranging between 63472.06 and 62407.87 since mid day 13-May. The break and closure of 1 hour price bar (candlestick) below 62500 zone would result in an aggressive drop. Entry - anywhere below 62500 (once our condition is met) Target - 59500 (partial targets can be seen on the charts) Exit/SL - break and...