#btc/usdt broke out of the descending triangle but was rejected by the 200-period moving average🧐 It is now coming back for a retest with the Ichimoku cloud acting as support🔺 A successful retest of the triangle would confirm bullish sentiment📈
Chart displays the continuous Wyckoff Accumulation and Distribution cycles chained together. Any trader can check the levels and will agree. If this trend continues, then BTC may see 50k to 52k levels by the end of May 2024. No trading advice, but the pattern has been going on since the beginning of March actually. Accumulation and Distribution.... again and...
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
BTC is testing both resistances on the side ranging wedge. Alongside the BTC production chart I shared earlier 66.8k is the next important level. I still expect us to move higher from here, likely all-time-highs this month. I believe this cycle will be shorter than people expect.
This analysis might look pretty crowded but actually there is simple logic behind this. After each bearish season place "Fib speed fan resistance" from top to bottom. We can observe there is no bearish scenario after we break 0.75 blue fan line. There might be red weeks but after all its end with bullish scenario. End of bullish scenario can be found from Pi Cycle...
BTC ~ 1W #BTC Very simple. we found this History for 1W MACD. When the MACD crosses, the price tends to be Down. we found this at least twice in history. will it happen again this time? if yes. $55,000 - $52,000 is the closest target currently possible to achieve.
BITCOIN: Bearish – Head and Shoulders + Ascending Wedge Two classic Chartist figures were detected by the Wolf of Zurich: 1- An “ascending wedge” which would bring the price down towards $62,632. 2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080. The EMA.50 and 200 also remain potential targets caution.
Hi Traders, Yes its boring compared to previous volatility. and the weekly 20 EMA did its job. I believe this is a corrective wave rather than a distribution structure as it did not drop significantly after the neckline was taken out. Hence a liquidity grab at the 20 weekly ema (fake out). We have the main moving averages to use to gauge the reversal and we...
#BTC another day hugging the line COINBASE:BTCUSD
The price is near to strong support, risk/reward ratio is very good. This is just short term trading via technical analysis.
Bitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. The value of 1 BTC now is at 61,904.90USD
I am putting all of my energy in to coding support mechanisms for when I am doing real life activities If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer We live in a n...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq indicator announcement today. A section where everyone can be scared due to last week’s decline. I...
U.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end. On the other hand, the...
One of my sell positions for BTCUSD during the tradingview competition (up $8,200). Sell on the theory markets range 70% of the time. LTF breakdown suggest HTF continuation.
I am looking for a rally back to PDH with a sweep of highs & a return back to PWL ( Previous Week Low ) where the market fuels up for a classic super cycle. DYOR!!!
The monthly close, April, and the confirmation of daily downtrend which remains active since 16th of April, let's us to see strong downtrend. The big move toward the targets will come once DXY complete its current down movement.
Price previously made a false breakout of the key level zone which was a sweep for liquidity to push price back above the zone. Price is now pulling back again towards the key level zone for one last retest, where buyers may be preparing to push price back to the upside again. A falling wedge bullish reversal pattern may also be presenting itself aligning at the...