Bitcoin has finally broken through 50K, making a new high for this cycle and breaking through a key resistance. This is clearly on the back of ETF spot buying, which is very encouraging.
That said, there will ALWAYS be retracements and breathers. I am not sure how high this will go, I would never short or fade this move... but I will be watching for dips to buy...
The last time the BTC price was above $50,000 was in December 2021, making its way to the low around $15,500 reached in November 2022.
Reaching the $50,000 level was facilitated by:
→ waiting for the halving, after which the price of Bitcoin is believed to receive a bullish impulse due to a reduction in supply;
→ the effect of the approval of a Bitcoin ETF;
→...
Hi Everyone! In the event you see a "pattern" which appears to be a particular kind of Wyckoff Schematic (Whether it be an Accumulation Schematic or Distribution Schematic), we should ALWAYS have a look at our indicators to see if those indicators support our "hypothesis." If our indicators do NOT support our "hypothesis" at that particular time, then we should...
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 50073.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 47699 level.
P.S
The term...
Been following the Btc price for some time now,
On weekly overall we are in a bullish structure, just completed a flat correction around 16000 on our Y bear cycle, then from the we are on wave 1 of our bull cycle, then we gonna need wave 2, 3,4 and 5 to the top.
keep checking my updates on this so you don't miss out.
as mentioned in the previous post, today I expected a big movement from btc... since I entered the position there was a long period of accumulation on Sunday afternoon which delayed my asset to obtain the first take profit
Profit taking time is from April 2025 to October 2025. If you just hodl until then, without stressing about trading or capturing the exact tops of the coins you will probably do extremely well in whatever you are invested in.
At this point im using trading view and X just to vent my daily thoughts and feelings and im looking at the charts for fun. I haven't...
CRYPTOCAP:BTC #BTC Possible bearish divergence forming on 4h, If played out Key support areas from here to watch will be $48,644, $47,786, $47,232, $46,623 & $45,622. RSI on 1d looks fine so if this bearish divergence plays out it could be for short term.
CRYPTOCAP:BTC #BTC look at that! Given resistance at $50,089 in effect, testing here since over 12 hours now, $49,374 current support, next S/R area $50,579 / $51,630, some resistance at $52,932-$53,672 - $53,672 was a major key support in last rally.
BTC Bullish-Flag Break out with multiple good news from big financial institutions' adoption!
Bitcoin soared to $29,000 after reclaiming 50% market dominance.
Stay ahead of market with Klarda!
The market is looking more than beautiful. Bitcoin has not only consolidated above 48,200 but also set a local maximum above 50,000. Bitcoin is at these levels for the first time since 2021.
BTC-ETF has grown by more than 5.5% at the moment, and the Bitcoin ETF has become the most popular ETF in Wall Street history.
The 2024 forecast is already partially...
SUPPLY AND DEMAND FLIP ZONES entry models
extemeley bullish
&D Flip Zones
Bullish vs Bearish Order Flow
Smart Money Market Structure + Market Shift
Imbalance/Inefficiency (FVG)
Order Blocks
Premium and Discount
Inducements
Top Down Analysis
Point of Interest
Dear Traders
I hope this message finds you well. I am reaching out to provide you with a crucial update regarding particularly concerning BITSTAMP:BTCUSD
After thorough analysis and consideration of market trends and stock performance indicators, we have identified an opportune entry point for initiating a short position in BITSTAMP:BTCUSD
The entry...
In this analysis for Bitcoin, I show you traders your entry from today's move on the 15- minute time-frame using my Exodus Cross and your re-entry on the 2- minute time frame for the 2K plus move.
