It seems as if the SEC and government do not like crypto at all. Unfortunately, our bags aren't safe. Soon or later they will realize that they have to innovate and beat other countries to the punch when it comes to Crypto. For now we must bleed. It sucks but that is the reality, but as long as bitcoin can remain in these levels we can remain bullish for the time...
I just try to read what the chart is telling me. It could be wrong ( the chart) or I could be wrong in my interpretation Look at it as a test of your skill at reading charts.
Bitcoin has finally broken below 60k and we are starting to see our bull trend get reversed!
I have now moved back to a net long Bitcoin today at 50 to 65 % The up cycle is due in the window of Now to may 8th Then my work in bitcoin cycle should be in the last an sharp up phase to peak into mid June July 8 th Then I will take the view of a 50 to 618 pullback at a MIN best of trades WAVETIMER
Pi cycles still on target. Bulls are not giving up the fight. Reversal shows bear trap. Blue wave plot is about to splash and rub with my moving average to create a ROCKET LAUNCH. BTC might reach to GETTEX:59K Double top and bottom connected to rising wedge and bullish flag.
54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD. After that 52K . A drop to 48K seems unlikely . But possible. A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market. Technical Analysis tools used: Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta,...
Tested that level multiple times and bounced. Will bulls show up again this week? Maybe under cut and rally?
Hello dear traders! The global trend is bullish, the local trend is bearish. The fundamentals are neutral (for now). Overall, the adjustment period is not over yet. In this scenario, there is a high possibility that the price will test the channel's support and form an uptrend. In the scenario mentioned above we want to mention the breaking of the descending...
As always, simple and stupid. Think BTC is currently trading at the lows of shown downtrend channel. I won't rule out another stop hunt/bear trap below 54-56k (MAX 52k) BUT if we see a quick recovery above 60k and hold here for a while (max 2-3 days), we should see it breaking out of this channel coming weeks. Stay safe!
In my opinion, Bitcoin is a bit tired and should implement one of the three plans I have considered for it. It is possible to implement a part of each plan.
With the price having broken down from the 200-day Moving Average (200MA) and the Relative Strength Index (RSI) turning down from the overbought level, the price action on Bitcoin is signaling increasing strength for a possible reversal. However, to continue trading significantly lower, BTCUSD would have to break through the price area of 51,000 and 56,000. And...
We broke through the support at 60k formed during the bullish rally and I believe we are done yet as we have potential to hit 52k level being or new pivot. Let’s see how the setup plays out. It is already triggered. I just didn’t have time to this idea
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 will be an indicator announcement later at 9:30. I also saw the possibility of an upward wave on Nasdaq. In...
Compare volume bars during the multi week downtrend on the left, with those on the right. In 2022 (left) the volume is increasing as expected during a strong downtrend. We don't see that on the right so something is different. Could be the new ETFs or the economy. It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before...
#WyckoffMethod #TapeReading #BitcoinForecast Bitcoin is trading in a re-accumulation local trading range. Price Structural Analysis tells us we are currently most likely in Phase C as price is 'testing the lows' of the trading range, forming and accumulation structure of which it is currently looking to breakout. These characteristics of the price action are...
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
Following a wedge, Btc way drop to $57000 in the channel
Bitcoin rebounds strongly to 65k area, which can be signal that correction may be over from technical perspective and by Elliott wave theory. We have been talking a lot about a corrective decline in the Crypto market in the past weeks. We also talked about Bitcoin ahead of the halving and we also shared a free chart back on April 15th, where we mentioned and...