Previously attempt has failed so im gonna try this one in a bigger picture
we are currently sitting on the daily 100 MA and an Inv H&S is in the making, if we go above 63K I think it will be in play
target same as before ATH+++
if we break 100 MA Daily, 60k
if we break 60K, 55555 for the fun then prob 50k
cheers and good luck
“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.”
Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation:
Support: This is a level where the price tends to stop falling and bounces back up....
4hr retracement back into the fvg for price to continue to the downside to swap the lows of the 4hr candle at 60175
Part of a bigger daily IRL -> ERL play
In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets...
A falling wedge is a technical analysis chart pattern used in financial markets,It's a reversal/continuation pattern that forms when a security's price is falling, indicating a potential trend reversal.
A falling wedge consists of two converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The pattern forms...
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...
Bitcoin has come a long way since its first recorded price of less than a cent. In December 2023, one Bitcoin was worth roughly $42,000. By March 2024, BTC set a new all-time intraday trading high by breaking through the $69,000 level. The idea that Bitcoin could one day be worth a million dollars per unit, as Sciberras points out, “really shows how far we’ve...
We have been following on a Wyckoff range. If we can define the spring, we could get a higher percentage of getting to the top of the range, and also have a break out on the cup and Hnadle from Daily
Consider initiating a short position in the BTCUSD pair to capitalize on potential downward price movement in Bitcoin against the US dollar. Utilize technical analysis indicators and market sentiment assessments to identify optimal entry points, and implement strict risk management strategies such as stop-loss orders to manage potential losses effectively. This...
Crypto Analysis (12th May 2024)
BTCUSD Analysis
On the 4 hour timeframe, price has swept the liquidity at 64724.63 level and proceeded to create a CHOCH to the downside. The market followed through by creating another BOS after rejecting a 4 hour OB.
There are 2 scenarios i am looking at right now.
1) Price retraces into the FVG and creates a 15 minute...
Bitcoin / U.S. Dollar, 1h_ Under_ Trading_Venue_ Coinbase!
Moving accordantly and at the same time we collect what to expect as already some mess is created while is moving up!
Lets cover those mess and breakdown the distribution price at the same time!
Until Market is at the Advance stage we will be expecting small lower decline! Advance stage = Market...
Will BTCUSD go to the Downside or continue Breaking Structure to the Upside?
BTCUSD has been increasing more than 8% since May 10, till arriving today to near 65,000.
Will BTCUSD continue breaking structure to the Upside?
Or will respect the Resistance Levels around 65 or 66,000?
I'm open to ideas and comments.
Thank you!
There is a strong support at about $49000 if Bitcoin respects this falling wedge to its apex.
The next month could be bearish but overall, very bullish into the latter part of the year!
Not financial advice.
