Over the last two bull-runs, Bitcoin has been trading in a relatively predictable pattern. In this analysis I want to take a closer look at this pattern and discuss my BEST-CASE scenario for the next bull-run.
* BTC has been trading within the bullish channel Since July 2017 (more than 6 years). Every time the support was touched it produced a local low, every...
Bitcoin is absolutely ready for a massive uptrend to my profit target of 79959 USD! In this analysis, I will tell you why Bitcoin is bullish.
First of all, we need to take a look at the weekly candles. The last weekly candle is a bullish engulfing candle. It means that the body of the candle engulfed the previous candle. Strong reversal signal, especially on...
Bitcoin briefly dropped below $27,000, hitting a low of $26,940 after failing to surpass resistance at $27,393. Earlier, it reached $27,500 on news of Nomura's Bitcoin adoption fund for institutions.
On-chain data from Santiment shows increased Bitcoin activity since April, especially above $27,000. There's also a rise in dormant Bitcoin movement, indicating...
Hi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and weak price action on BTC indicates that sellers are dominating the short term, with a nasty Head and Shoulders pattern showing up in the 4h.
Shorting Bitcoin can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to...
The 3-day daily ADX reading of 11 is RARELY seen in Bitcoin. The last 3-day ADX reading in the 11s was July 2020 just as Bitcoin began its rally from 9,200 to 64,000. Remember, a super low ADX reading does NOT mandate an advance, but only suggests a BIG move either up or down. A violation of the upper or lower boundary of the recent trading range is likely to tell...
Cryptocurrency Prices Aren't Moving: Cryptocurrency values, especially Bitcoin, have been staying about the same recently. When prices don't change much, fewer people want to buy or sell them.
Less Buying and Selling: People aren't trading as much on big cryptocurrency websites like Coinbase and Binance. That means they're not buying or selling as many...
I rarely look at moving averages because they are often lagging indicators and tell only a part of the story. However, I noticed that de 50-day SMA has proven to be a very worthwhile indicator to watch.
Since late April, the 50-day SMA has offered a lot of support and resistance for Bitcoin's price, see the yellow areas.
In 10 of of the last 13 touches, the...
Hi , the market has been very boring for the last few months, I think it's hard to disagree with that.
During this time of course there has been manipulative pumping of small liquid altcoins.
But still boring or am I getting old :)
I see a further rapid decline in bitcoin price, in the next 2-3 weeks, liquidation of all those jaded crypto traders, and after that...
On 4H TF the chart has formed a bullish takeover near the support level.
RSI is near neutral values.
TD Sequential formed an up reversal signal (30m TF)
I think that Bitcoin may rise after overcoming the resistance level.
In my last couple of BTC analysis I've had a fairly bearish outlook on Bitcoin's price action. See below:
Seeing that BTC is currently experiencing a strong surge in price, I'm willing to look at the market with a more bullish perspective if BTC manages to break through the top purple resistance.
For now, I'm anticipating a rejection from said resistance...
In the previous article, we reiterated our belief that Bitcoin is headed lower. Today, we still hold this opinion and expect Bitcoin to drift to the area around $24,000 in the short/medium term (though beyond that, we still stick to the main scenario we have been warning about for the entire bear market rally, which is Bitcoin revisiting its last year’s lows). To...
The Second People's Intermediate Court of Shanghai has officially recognized Bitcoin as a unique digital asset that cannot be replicated, characterized by its scarcity and intrinsic value.
On September 25th, the court issued a discussion report on the development of internet technology. The report highlights that, with the advancement of internet technology,...
Very probable. In the next 6 to 9 months.
This idea is a continuation from the idea:
‘Is Bitcoin about to collapse to $20k ??” published back in December. You can read it here: tinyurl.com
Previously the $20k target was based around the idea of a wave 4 Elliot wave correction. A strong sell signal on the weekly. Now everything is in reverse. Wave 5 rally seems...
Historically speaking, the 200-week moving average was always the main support for BTC and has marked the bottom on 4 different occasions.
As of this cycle, things have changed. The 300-week was the main support during the COVID dump and indicated an important area during the FTX collapse.
In previous analyses I've stated that I think BTC will likely go down...
Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY).
You would expect a correlation between the two but as you can see on these charts, it has gotten...
Introduction
In the ever-volatile world of cryptocurrency trading, keeping a close eye on charts and trends is crucial. At the moment, Bitcoin (BTC) is trading at the $26,500 level, and a careful analysis of the charts suggests a short-term bearish trend. Let's delve into the details and identify some key levels to watch for potential trading opportunities.
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By examining the Bitcoin chart in the daily time frame, we see that the price is forming a downward context after breaking the $26,900 and $26,540 areas! If the price stabilizes below $26,500, I expect a price dump! If the price falls, the initial target range will be $23,950 to $25,300 and the next target will be $20,000! The 20K area can be a possible Potential...
Hey Traders, FXPROFESSOR here! 🤟 Let's talk Bitcoin. It's been a rollercoaster, for indices hasn't it? 🎢 check my last Nasdaq chart here:
The Sideways Saga 🔄
Bitcoin's been moving sideways since August 23rd. Highs at 28,200 and lows around 24,900. Right now, we're smack in the middle at 26,430. 🎯 Major resistance/support is at 26,800. Will it break higher? 🤔(I...
