It is expected that the price will cross the support range and continue the downward trend to the specified support levels. If the price stabilizes above the support range, the continuation of the upward trend will be likely
So when we look at the chart we can see that the price is moving in a zone that was a support zone in the past. We can also see that we got a first reversal in that zone. What this could mean is that this support zone from the past will be acting as a resitance zone now. We do need to keep in mind that just only 1 reversal is not enough to make it a real zone...
This was an anonymous week where the classic capture of margins was witnessed on derivatives, if you go and look at the 1h timeframe, you will notice the "Bart" a new name for a fractal that often occurs on cryptocurrencies, which in any case has no value and is only a grammatical "flourishment", for now. The important thing is that the price has not broken the...
Hi! The "Bart" pattern in trading is named after a specific type of price movement on an asset's chart, resembling the contour of Bart Simpson's head from "The Simpsons" cartoon series. Characteristics of the Bart pattern include a sharp price surge (vertical spike), followed by a rapid decline (horizontal consolidation), and finally a return to the initial...
Hello, dear friends!🩷 Let's quickly review the short-term perspective of Bitcoin. What do we see on the hourly chart?🧐 The price hasn't reached the upper main medium-term resistance line; we're still within the descending trend. The price has formed a small head and shoulders pattern, indicating that the price will likely decline in the short term. Possible...
BTCUSD is clearing its way for bullish to reach $73000.00. BITSTAMP:BTCUSD BTCUSD is expected to reach $73000.00 as per the technical analysis for BTCUSD Futures Contract (May 2024) and Bitcoin (BITSTAMP:BTCUSD) as of May 1, 2024. The analysis uses indicators such as Moving Averages, Oscillators, and Pivots. Key indicators include Relative Strength Index...
Thanks to my analises btc can hit 68k and avalanche might hit 42$ of value. So it's time to buy crypto and wait for the price to rise. If you have different idea you can write a comment of about your idea.
I believe BTCUSD is about to buy and take the liquidity all the way till the 62260 area. A good SL may be around 60100 with a TP of 62200 and 62600. A good entry is around 60400 - 60550
There seems to be a new transition happening to the upside Its still early however it does seem that way for now I've opened a trade on my paper trading account to see whether that is the case, as having an open position has a lot more investment from an attention element than sitting on the sidelines would...there's something about being 'on the field' thats...
Chart made a simple u−turn toward a midle low peak of a HH peak. Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave. Fibonacci is on a LL and midle HH. This is a strong fibonacci support if chart bounce on the 100% level once so then it reaches 288% or even 461%. I'm using it for reversal prediction.
Hello everyone. Today's rise in BTC is completely expected. And I started buying around 61500 and reached my TP price. At present, BTC remains oscillating in the 70,000-60,000 area. Tomorrow I will continue to share with you the trend analysis of BTC here
BTC is coming back into the GETTEX:59K -$60k area after holding it on a previous test. It has potential to setup for a nice inverse H&S, where the right shoulder bottoms right around $60k. If it can't hold, it may go hard the other way.
CRYPTOCAP:BTC price action is currently consolidating in a Pennant Pattern.. Whether this Pennant is bullish or Bearish remains to be seen! Current Price: 64100 The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near! $Bitcoin price action needs to remain supported above 60k to go back to all...
Amidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political...
It would appear BTC is in a downwards channel, and we are at ideal shorting point in that channel. In the shorter time frame, we can identify a bearish flag. By drawing trendlines, we can identify the risk area. As long as the channel continues, we have a good opportunity to short. This is only an idea and nothing more, trade at your own risk. This is not...
Market Insight: Navigating Uncertainty with Chart Analysis As traders, we often ask, "Is the bull run over?" The reality is, no one knows for certain. However, what we can do is analyze the charts and assess the likelihood of potential outcomes. Leading up to the halving, we experienced a significant run-up in prices, which many agreed was unsustainable. Now,...
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...