Following the 1 hour chart, the consolidation is coming to a point where it might break past the support line its been hanging on or keep going. Watched this before publishing and its been sticking right with the trend lines.
The current price actions of Bitcoin look similar to the bullish fractal in July 2017, suggesting that Bitcoin may reclaim the 50 EMA, hold above it for a few weeks, and continue to rise. Let's see if Bitcoin can close above the 50 EMA next week.
Don't Expect a Get-Rich-Quick Scheme: Spot Bitcoin ETFs and Long-Term Strategy The recent approval of 11 spot Bitcoin ETFs by the SEC in January 2024 sent ripples of excitement through the cryptocurrency community. Many envisioned a meteoric rise in Bitcoin's price, fueled by a sudden influx of institutional capital. However, a month later, reality presents a...
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...
no more crab. It goes new ATHs or it goes 40-50 this decision is final
Complementing weekly and daily charts, short-term analysis indicates a bullish projection to 63k by early next week. Utilizing Fibonacci ratios, trend lines, and various indicators, the trajectory aligns for a notable rise.
The upcoming week holds significance for Bitcoin as it grapples with signals suggesting another upward burst is necessary before a potential downturn. The analysis spans both weekly and monthly timeframes, indicating a crucial phase for Bitcoin's trajectory. Despite short-term bullishness, a bearish outlook looms, with projections indicating a decline to...
This is a prediction of the next 24 hours I use a combination of indicators from ChartPrime and luxAlgo. The Green is the daily channel extrapolation continuation ranging from the middle of the previous day’s extrapolation The Orange is the projected extrapolation forecast based on the current day AND the Liquidity Sentiment Profile Happy Trading! -MV...
Bitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th Overview: As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern,...
this correction maybe over . im exspecting a drop in the dxy so it may be a doller move not a btc move .this correction could still be a wxyxz . i had 50k as a level for reversal . i am not confident because of how slow the PA is to the upside .
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
In this video.... Just Tune In! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTrader
✅ Bitcoin Dominance, BTC, Altcoins ✅ Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency...
wheen we look on the weekly CHART ... WE CAN SEE that nice candle with long tail.... end we can see good reactions from the buyer's on the daily chat ... I think btc ll move to this levels in this days... down to :61840 up until:72470 ===================== good luck
Short position double top has now been confirmed. Targets read at 1.5% and 2% risk reward ratio. BTC should start moving up once it reaches any of this two prices. Pi Cycles read as low as GETTEX:59K , no lower than $56k. I doubt it will reach this pi cycles because it’s a double top 30 minute time frame. Unlikely to avoid this dip. Welcome to your first...
video explanation in response to Nigel question about the 4hr 50ema rejections
Just reading Price Action! & Price as you can see, is sooooooo Bullish!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTrader