Bitcoin has retraced off the 56,400 area support (level has been on this chart for months), straight back to 64K. The arrows on the chart point to the consecutive lows that characterize a failed low pattern. This brings price to a tricky area for new swing trades. The 64K area is a resistance and NOT an ideal spot for new longs on this time frame. In this scenario...
Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as...
Hey, I am not promoting the idea of a possible double top, but the reality is that adjusted for inflation Bitcoin has failed to make a new high from three years ago, despite halving, despite ETFs. Just something to think about if you want to be honest with yourself, huh?
99.99% of all people that are extremely bullish on Bitcoin and became extremely bullish on Bitcoin early 2024, became this super, ultra, mega, uber-bullish because of the Bitcoin Spot ETFs.
When mentioning the fact that Bitcoin is about to enter a major correction, they would say it is not possible because there is no reason for such a correction to happen. There...
Hello BTCSUD traders, today, a glance at the 4-hour chart of this cryptocurrency easily highlights that the bearish trend remains dominant.
The price continues to operate below the 34 and 89 EMA lines, and a recent breakout below the prior support level has significantly tipped the scales in favor of the sellers. Following a brief corrective rally, I anticipate...
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 (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming?
Actually not. Sole 1...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around.
This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
Hi.
BITSTAMP:BTCUSD
✅Today, I want to analyze BTC for you in a 12H time frame so that we can have a MID-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, BTC has completed his corrective waves (ABC) and now he has reached the end of the...
Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles.
On this 1W time-frame analysis, you can see why that is. In...
Bitcoin to US Dollar (BTCUSD) is currently trading at $63,371.96, showing a promising trend for buyers. Considering the current market conditions, it's advisable to open a buying position now. Setting a stop loss (SL) at $62,500.00 can help mitigate potential losses in case the market moves unfavorably.
Moreover, setting multiple take profit (TP) targets can help...
This is the situation right now on the daily timeframe; Bitcoin produced a lower low 1-May, this normally leads to a bounce.
A bounce after a new lower low can push prices easily toward 70K, as a lower high but this isn't happening, this didn't happen.
The bounce pushed prices to 65.5K and that's it, weak and a lower high confirmed; so far.
Closing today below...
Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left).
As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends...
In a previous post I drew attention to the large monthly engulfing candle on BTC and made the observation that historically this has 100% success rate in marking BTC highs.
In this post I want to take a more technical look at the formation of this big candle. We have what may be the early formations of Elliot waves (Marked in the OP). With our drops coming in...
Hi.
BINANCE:BTCUSDT
✅Today, I want to analyze BTC for you in a 1D time frame so that we can have a MID-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, BTC has completed his corrective waves (ABC) and now he has reached the end of the...
The video cut before I populated all of my 'Contract with myself' Attributes were entered in.
Feel free to create your own.
Here are mine to help your creative flow:
Approach
Balanced Strategist
Supportive network
Resilient
Long-term focused
Humble
Calm
Adequately aware
Balanced response
Prepared with a structured plan
Can...
Update to my ongoing analysis of this bull run.
Correction proceeding exactly per plans.
We are nearing some key levels to watch.
The bottom should be pretty close to here.
$ 56,265 - 56,799 is the minimum expected.
$ 52,838 - 53,659 is best Guess and Ideal target.
$ 48,090 - 48,750 is the Overshoot (backboard).
.
Previous plots and logic that lead us here...
